Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 3% Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts have recommended holding three high-yielding tech stocks: Telefonaktiebolaget LM Ericsson (ERIC), Corning Incorporated (GLW), and Texas Instruments Incorporated (TXN). These companies have dividend yields of 5.69%, 4.16%, and 3.61% respectively. However, all three companies have recently reported sales declines.
October 27, 2023 | 11:40 am
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NEGATIVE IMPACT
Ericsson has a high dividend yield of 5.69% but reported a sales decline of 5% YoY. Analysts have downgraded the stock.
The high dividend yield is attractive to investors, but the recent sales decline and analyst downgrades could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Corning has a dividend yield of 4.16% but reported a 6% YoY sales decline. Analysts have maintained a neutral rating.
Corning's high dividend yield is a positive, but the recent sales decline and neutral analyst ratings could put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Texas Instruments has a dividend yield of 3.61% and reported upbeat earnings, but sales missed estimates. Analysts have maintained a hold rating.
The high dividend yield and positive earnings are good signs, but the missed sales estimates and hold rating from analysts could limit any short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100