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Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields
BENZINGA 8:30 AM ET 5/14/2024
Symbol Last Price Change
MEI 11.07up 0 (0%)
IBM 167.56up 0 (0%)
QUOTES AS OF 04:10:00 PM ET 05/13/2024
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.
Methode Electronics, Inc. (NYSE:MEI)
Dividend Yield: 5.06%
Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 75%.
Barrington Research analyst Christopher Howe reiterated a Market Perform rating on May 25, 2023. This analyst has an accuracy rate of 70%.
Recent News: On May 6, Methode Electronics(MEI) named Kevin Nystrom as interim CEO, effective immediately.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)
Dividend Yield: 4.66%
JP Morgan analyst Sandeep Deshpandemaintained a Neutral rating and cut the price target from $5.81 to $5.58 on April 17. This analyst has an accuracy rate of 76%.
Raymond James analyst Simon Leopolddowngraded the stock from Outperform to Market Perform on Feb. 7, 2023. This analyst has an accuracy rate of 68%.
Recent News: On May 10, Ericsson said Senior Vice President and Head of Market Area Middle East & Africa Fadi Pharaon will resign at the end of August.
International Business Machines Corporation (NYSE:IBM)
Dividend Yield: 3.99%
BMO Capital analyst Keith Bachmanmaintained a Market Perform rating and cut the price target from $210 to $190 on April 25. This analyst has an accuracy rate of 77%.
Jefferies analyst Brent Thill maintained a Hold rating and lowered the price target from $210 to $190 on April 25. This analyst has an accuracy rate of 77%.
Recent News: On May 8, IBM(IBM) and SAP announced plans to expand collaboration to help clients become next-generation enterprises with generative AI.
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