Wall Street’s Most Accurate Analysts’ Views On 3 Tech Stocks With Over 4% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on¬†their favorite stocks¬†by visiting our¬†Analyst Stock Ratings¬†page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy .

Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.

Xerox Holdings Corporation (NYSE:XRX)

  • Dividend Yield: 5.93%
  • JP Morgan analyst Samik Chatterjee maintained an Underweight rating and raised the price target from $16 to $18 on Jan. 26, 2024. This analyst has an accuracy rate of 71%.
  • Credit Suisse analyst Shannon Cross maintained an Underperform rating and boosted the price target from $9 to $11 on July 26, 2023. This analyst has an accuracy rate of 76%.
  • Recent News: On April 2, Xerox announced new partnership with PBS Group in Peru and Ecuador.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

  • Dividend Yield: 5.11%
  • JP Morgan analyst Sandeep Deshpande downgraded the stock from Overweight to Neutral on Nov. 30, 2023. This analyst has an accuracy rate of 75%.
  • Raymond James analyst Simon Leopold downgraded the stock from Outperform to Market Perform on Feb. 7, 2023. This analyst has an accuracy rate of 68%.
  • Recent News: Ericsson announced that on March 28, 2024, the US Department of Justice has certified that its anti-corruption compliance program has satisfied requirements and is functioning effectively.

Methode Electronics, Inc. (NYSE:MEI)

  • Dividend Yield: 4.47%
  • Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9, 2024. This analyst has an accuracy rate of 61%.
  • Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024. This analyst has an accuracy rate of 75%.
  • Recent News: On April 8, Methode Electronics said CFO Ronald Tsoumas is retiring from the company, effective July 12, 2024.

 

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