Check Out 3 Tech Stocks With Over 5% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three tech stocks with high dividend yields have been rated by Wall Street's most accurate analysts. Xerox Holdings Corporation (XRX) has a 7.49% yield but faces downgrades with a reduced price target. ADTRAN Holdings, Inc. (ADTN) offers a 6.63% yield, with mixed ratings and a lowered price target. Telefonaktiebolaget LM Ericsson (ERIC) provides a 5.47% yield, with a reduced price target and a downgrade to Market Perform. All three companies reported mixed financial results or a decline in sales.
November 13, 2023 | 1:27 pm
News sentiment analysis
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NEGATIVE IMPACT
Ericsson's dividend yield is appealing, but the stock has been downgraded and missed sales consensus, which may pressure the stock.
Despite a decent dividend yield, ERIC's downgrade by analysts and a significant sales miss suggest a negative short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Xerox Holdings has a high dividend yield but faces negative analyst sentiment with downgrades and a reduced price target.
The combination of a high dividend yield with downgrades from analysts and reduced price targets, along with cut FY23 revenue guidance, suggests a negative short-term impact on XRX's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
ADTRAN Holdings has a strong dividend yield but received mixed analyst ratings and a lowered price target, indicating uncertainty.
ADTRAN's dividend yield is attractive, but mixed analyst ratings and lowered price targets, coupled with below-estimate revenue guidance, create uncertainty, likely leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80