{"id":149533,"date":"2022-01-13T17:49:09","date_gmt":"2022-01-13T17:49:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=149533"},"modified":"2022-01-13T17:49:09","modified_gmt":"2022-01-13T17:49:09","slug":"8-outstanding-tech-hardware-stocks-bofa-says-to-buy-now","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/8-outstanding-tech-hardware-stocks-bofa-says-to-buy-now\/","title":{"rendered":"8 Outstanding Tech Hardware Stocks BofA Says to Buy Now"},"content":{"rendered":"<p>Shipments of personal computers and laptops totaled 341 million units last year, the highest total in a decade. Revenue rose by an estimated 15% to $250 billion. And 2022 could be even better.<\/p>\n<p>The 2021 data was reported Wednesday by industry research firm Canalys. Senior analyst Ishan Dutt says that the pandemic-driven demand has resulted in new additions to the installed base, not replacements for older machines: &#8220;This has set the stage for continued success for the PC industry as there is no turning back from how embedded they are in our day-to-day lives.&#8221;<\/p>\n<p>The server market is a slightly different story. Pandemic-caused supply chain issues and shrunken inventories will constrain sales of servers this year, but demand is picking up both in the enterprise market and the cloud-provider market, according to an IDC report released last week. An increase of 13% in server demand is forecast for this year, most of it occurring in the second half of the year, once the supply chain issues are sorted out.<\/p>\n<p>In the same vein, a BofA Securities research report on the tech hardware industry includes eight top picks for 2022. Here are BofA&#8217;s picks along with the analysts&#8217; price objective, Wednesday&#8217;s closing price, and the implied gain based on the difference between the two. All are Buy-rated by BofA.<\/p>\n<ul>\n<li>Apple Inc. (NASDAQ: AAPL): $210, $175.53, 19.6%<\/li>\n<li>Concentrix Corp. (NASDAQ: CNXC): $215, $171.88, 25.1%<\/li>\n<li>Dell Technologies Inc. (NYSE: DELL): $68, $59.95, 13.4%<\/li>\n<li>International Business Machines Corp. (NYSE: IBM): $162, $133.59, 21.3%<\/li>\n<li>Jabil Inc. (NYSE: JBL): $77, $70.25, 9.6%<\/li>\n<li>Seagate Technology Holdings Inc. (NASDAQ: STX): $135, $113.23, 19.2%<\/li>\n<li>TD Synnex Corp. (NYSE: SNX): $145, $108.41, 33.8%<\/li>\n<li>Teradata Corp. (NYSE: TDC): $71, $44.77, 58.6%<\/li>\n<\/ul>\n<p>Concentrix, Jabil, Synnex and Teradata all trade less than 1 million shares a day, and three of the four pay a dividend: Concentrix&#8217;s yield is 0.58%, Jabil&#8217;s is 0.46% and Synnex&#8217;s is 1.12%.<\/p>\n<p>Here is a look at BofA&#8217;s analysis of the four more heavily traded stocks.<\/p>\n<h2>Apple<\/h2>\n<p>Analysts Wamsi Mohan, Rupku Bhattacharya and Jong Lee see multiple tailwinds for Apple on both the hardware and services businesses. Expected launches of a lower-priced 5G-enabled iPhone SE and an augmented reality\/virtual reality-related set of new iPhones next fall along with an acceleration of the services business, user growth and higher average selling prices.<\/p>\n<p>Apple returned $24 billion to shareholders in its fourth quarter of fiscal 2021 (ended in September), including $3.6 billion in dividends and $20 billion in share buybacks. The company also raised its quarterly dividend to $0.22, for a yield of 0.50%, and the company expects to increase its dividend annually from now on. Apple has nearly $61 billion remaining in its current buyback authorization of $315 billion.<\/p>\n<p>Apple&#8217;s share price has increased by more than 36% over the past 12 months, and including its dividend yield and share buybacks, total shareholder return was 34.5%.<\/p>\n<p>\t\t\t<strong><\/p>\n<p>\t\t\t\tALSO READ: Oil Soon Could Gush Higher to $100: 4 High-Dividend Energy Stocks to Buy Now<br \/>\n\t\t\t<\/strong><\/p>\n<p>Source: <a href=\"https:\/\/247wallst.com\/investing\/2022\/01\/13\/8-outstanding-tech-hardware-stocks-bofa-says-to-buy-now\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shipments of personal computers and laptops totaled<\/p>\n","protected":false},"author":3,"featured_media":149532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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