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Seagate Technology

(

STX

) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.9%. By the end of trading, Seagate Technology rose $1.24 (2.3%) to $56.16 on light volume. Throughout the day, 2,225,260 shares of Seagate Technology exchanged hands as compared to its average daily volume of 3,716,800 shares. The stock ranged in a price between $54.62-$56.67 after having opened the day at $55.19 as compared to the previous trading day's close of $54.92. Other companies within the Computer Hardware industry that increased today were:

SMART Technologies

(

SMT

), up 12.2%,

Identive Group

(

INVE

), up 10.8%,

Overland Storage

(

OVRL

), up 6.5% and

Nimble Storage

(

NMBL

), up 6.3%.

Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products. Seagate Technology has a market cap of $18.0 billion and is part of the technology sector. Shares are down 2.2% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate Seagate Technology a buy, 1 analyst rates it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Seagate Technology

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

voxeljet

(

VJET

), down 4.1%,

Echelon Corporation

(

ELON

), down 3.5%,

Crossroads Systems

(

CRDS

), down 3.2% and

Qumu

(

QUMU

), down 2.4%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider

iShares Dow Jones US Technology

(

IYW

) while those bearish on the computer hardware industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).

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