Keep holding these high-quality techs

Article Excerpt

On November 1, 2015, the old Hewlett-Packard Co. split into two firms—Hewlett-Packard Enterprise and HP Inc. For every share they held in the old HP, shareholders received one share in each of the new companies. HP is now up over 200% since the separation, while HP Enterprise has gained just 17%. However, the ongoing chip shortage remains a major risk factor for both firms. HP INC. $38 is a hold. The company (New York symbol HPQ; Manufacturing sector; Shares o/s: 1.05 billion; Market cap: $39.9 billion; Price-to-sales ratio: 0.7; Divd. yield: 2.6%; TSINetwork Rating: Average; www.hp.com) is a leading maker of personal computers and printers. In June 2021, HP paid $412 million for the gaming hardware division of Kingston Technology Co. Called HyperX, that business makes a variety of computer-gaming equipment, including keyboards, mice, headphones and microphones. The purchase will help HP profit as the COVID-19 pandemic prompts more interest in computer gaming. Remote working and learning also continues to drive demand for new computers. In HP’s…