Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 3% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend holding three tech stocks with over 3% dividend yields: ADTRAN Holdings, Inc. (ADTN), Telefonaktiebolaget LM Ericsson (ERIC), and HP Inc. (HPQ). These recommendations come during a period of market turbulence, highlighting the value of high-yield dividend stocks. ADTN announced its Q4 financial results release date, ERIC secured funding agreements with the EIB, and HP reported a 6.5% Y/Y decrease in Q4 net revenue but still beat consensus.
February 01, 2024 | 12:31 pm
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NEUTRAL IMPACT
ADTRAN Holdings, Inc. is recommended as a hold with a dividend yield of 5.75%. Analysts have adjusted price targets, and the company is set to release Q4 financial results.
The neutral ratings and upcoming financial results announcement could stabilize ADTN's stock in the short term. The high dividend yield remains attractive, but the adjustments in price targets suggest a cautious outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Telefonaktiebolaget LM Ericsson has a dividend yield of 4.54%. Analysts downgraded the stock, but recent funding agreements with the EIB could provide financial stability.
The downgrades reflect caution, but the new funding agreements could counterbalance this by providing a positive outlook on ERIC's financial health and future projects, stabilizing the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
HP Inc. offers a dividend yield of 3.83%. Despite a Y/Y decrease in Q4 net revenue, it surpassed consensus, with analysts maintaining neutral ratings.
HP's ability to beat revenue consensus despite a decline suggests resilience. The maintained neutral ratings and dividend yield make it a stable hold in uncertain markets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90