3 Minutes To Boost Your Earnings: 3 High-Yielding Dividend Stocks In Tech Sector From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | January 17, 2024 07:43am

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. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

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

Xerox Holdings Corporation (NASDAQ:XRX)

• Dividend Yield: 6.21%
• JP Morgan analyst Samik Chatterjee maintained an Underweight rating and slashed the price target from $16 to $15 on Oct. 25, 2023. This analyst has an accuracy rate of 73%.
• Credit Suisse analyst Shannon Cross maintained an Underperform rating and increased the price target from $9 to $11 on July 26, 2023. This analyst has an accuracy rate of 72%.
• Recent News: Xerox Holdings announced a 15% workforce reduction.

Silicon Motion Technology Corporation (NASDAQ:SIMO)

• Dividend Yield: 3.15%
• Needham analyst Quinn Bolton reiterated a Buy rating with a price target of $75 on Jan. 8, 2024. This analyst has an accuracy rate of 83%.
• Wedbush analyst Matt Bryson reiterated an Outperform rating with a price target of $85 on Aug. 17, 2023. This analyst has an accuracy rate of 84%.
• Recent News: Silicon Motion said it sees preliminary fourth-quarter revenue growth slightly exceeding high-end of original guidance range of 10%-15%.

Corning Incorporated (NYSE:GLW)

• Dividend Yield: 3.71%
• JP Morgan analyst Samik Chatterjee maintained a Neutral rating and cut the price target from $36 to $31 on Oct. 25, 2023. This analyst has an accuracy rate of 73%.
• Citigroup analyst Asiya Merchant maintained a Buy rating and lowered the price target from $39 to $36 on Oct. 25, 2023. This analyst has an accuracy rate of 78%.
• Recent News: Corning, during October, reported a third-quarter FY23 core sales decline of 6% year-on-year to $3.46 billion.

 

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Posted In: GLW SIMO XRX