Hewlett-Packard Co (HPQ): Today's Featured Computer Hardware Winner

Hewlett-Packard ( HPQ) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.7%. By the end of trading, Hewlett-Packard rose 43 cents (2.3%) to $19.30 on heavy volume. Throughout the day, 28 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 18.1 million shares. The stock ranged in a price between $18.80-$19.50 after having opened the day at $18.83 as compared to the previous trading day's close of $18.87. Other companies within the Computer Hardware industry that increased today were: Stratasys ( SSYS), up 12.8%, Aruba Networks ( ARUN), up 11.5%, Dataram Corporation ( DRAM), up 11.3%, and Riverbed Technology Incorporated ( RVBD), up 11.1%.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $37.43 billion and is part of the technology sector. The company has a P/E ratio of 7.2, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 27% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Hewlett-Packard a buy, six analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

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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