The

computer hardware

industry closed the day up 2.1%.

Hutchinson Technology

(

HTCH

),

Video Display Corporation

(

VIDE

),

Hauppauge Digital

(

HAUP

), and

Cray Inc

(

CRAY

) were all decliners today within the computer hardware industry with

STEC Inc

(

STEC

) being today's featured computer hardware loser. STEC Inc fell 11 cents (-1%) to $10.71 on light volume. Throughout the day, 986,003 shares of STEC Inc exchanged hands as compared to its average daily volume of 2.1 million shares.

STEC, Inc. designs, manufactures, and markets enterprise-class flash solid-state drives (SSDs) for use in high-performance storage and server systems. STEC Inc has a market cap of $528.3 million and is part of the

technology

sector. The company has a P/E ratio of 9.7, below the average computer hardware industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 38.7% year to date as of the close of trading on Thursday.

TheStreet Ratings rates STEC as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.

On the positive front,

Seagate Technology

(

STX

),

Synaptics Inc

(

SYNA

),

Lantronix Inc

(

LTRX

), and

Performance Technologies Inc

(

PTIX

) were all gainers within the computer hardware industry with

International Business Machines

(

IBM

) being today's featured computer hardware industry winner.

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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