Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields

Author: Avi Kapoor | April 29, 2024 07:41am

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: 4.58%
• 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.

Corning Incorporated (NYSE:GLW)

• Dividend Yield: 3.57%
• Morgan Stanley analyst Meta Marshall maintained an Overweight rating with a price target of $35 on April 22. This analyst has an accuracy rate of 72%.
• JP Morgan analyst Samik Chatterjee maintained a Neutral rating and increased the price target from $34 to $36 on April 11. This analyst has an accuracy rate of 70%.
• Recent News: On Jan. 30. Corning reported a fourth-quarter FY23 core sales decline of 10% year-on-year to $3.27 billion, beating the consensus of $3.25 billion.

Cisco Systems, Inc. (NASDAQ:CSCO)

• Dividend Yield: 3.34%
• JP Morgan analyst Samik Chatterjeereinstated a Neutral rating with a price target of $53 on April 22. This analyst has an accuracy rate of 70%.
• B of A Securities analyst Tal Liani upgraded the stock from Neutral to Buy and boosted the price target from $55 to $60 on April 15. This analyst has an accuracy rate of 78%.
• Recent News: On March 25, Cisco announced new multifunctional collaboration devices for hybrid work.

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Posted In: CSCO GLW MEI