Check Out 3 Tech Stocks With Over 4% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three tech stocks with over 4% dividend yields have been highlighted by Wall Street's most accurate analysts. These include Telefonaktiebolaget LM Ericsson (ERIC) with a dividend yield of 5.10%, International Business Machines Corporation (IBM) with a yield of 4.64%, and ADTRAN Holdings, Inc. (ADTN) with a yield of 4.34%. Recent news for these companies include Ericsson's expanded partnership with Google Cloud, IBM's collaboration with Salesforce, and ADTRAN's worse-than-expected Q2 sales results.
September 29, 2023 | 12:52 pm
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NEGATIVE IMPACT
ADTRAN has a dividend yield of 4.34%. The company reported worse-than-expected Q2 sales results. Its price target was cut from $30 to $16 by Argus Research analyst.
ADTRAN's worse-than-expected Q2 sales results and the cut in price target from analysts could potentially negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ericsson has a dividend yield of 5.10%. The company recently expanded its partnership with Google Cloud. However, its price target was cut from $8 to $7 by TD Cowen analyst.
The expanded partnership with Google Cloud could potentially boost Ericsson's performance. However, the cut in price target indicates some caution from analysts.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
IBM has a dividend yield of 4.64%. The company recently announced a collaboration with Salesforce. Its price target was increased from $152 to $160 by B of A Securities analyst.
IBM's collaboration with Salesforce and the increased price target from analysts could potentially drive the company's growth in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100