Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided ratings on three high-dividend tech stocks: Xerox Holdings, Methode Electronics, and HP Inc. Xerox has a high dividend yield of 9.83% but faces a price target cut. Methode Electronics has a yield of 4.93% with mixed analyst ratings. HP Inc. has a 3.13% yield and reported strong financial results.
September 24, 2024 | 1:18 pm
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NEGATIVE IMPACT
Xerox Holdings has a high dividend yield of 9.83%. Analysts have a Hold and Sell rating with a price target cut to $11. The retirement of CFO Xavier Heiss was announced.
Xerox's high dividend yield is attractive, but the price target cut and Sell rating suggest potential downside. The CFO's retirement adds uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Methode Electronics has a dividend yield of 4.93%. Analysts have mixed ratings with a Hold and a downgrade to Neutral. A new Chairman of the Board was appointed.
The mixed analyst ratings and recent board changes suggest a neutral short-term impact. The dividend yield remains a positive factor.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
HP Inc. has a dividend yield of 3.13%. Analysts maintain Hold ratings with slight price target reductions. The company reported strong Q3 results and increased share repurchase authorization.
HP's strong financial results and increased share repurchase authorization are positive indicators, despite slight price target reductions.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100