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Expert Analysts Recommend Holding These 3 Tech Stocks with High Dividend Yields

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During times of market turbulence and uncertainty, many investors seek out dividend-yielding stocks. These are companies that generate strong free cash flows and provide a generous dividend payout to shareholders.

To help investors stay informed, Benzinga provides regular updates on analyst ratings and recommendations for stocks. Our Analyst Stock Ratings page allows traders to sort through our extensive database of ratings by analyst accuracy. In this article, we highlight the most recent high-yield dividend stock ratings from Wall Street’s most accurate analysts, according to Benzinga’s Analyst Stock Ratings.

Let’s take a look at the ratings for three high-yielding stocks in the information technology sector provided by these expert analysts.

Telefonaktiebolaget LM Ericsson ERIC

  • Dividend Yield: 5.69%
  • Raymond James analyst Simon Leopold downgraded the stock from Outperform to Market Perform on Feb. 7, 2023. Leopold has an impressive accuracy rate of 61%.
  • Exane BNP Paribas analyst Stefan Slowinski downgraded the stock from Outperform to Neutral on Jan. 10, 2023. Slowinski has an accuracy rate of 74%.
  • Recent News: Ericsson reported a year-on-year sales decline of 5% to SEK 64.5 billion ($5.96 billion), falling short of the expected $6.27 billion.

Corning Incorporated GLW

  • Dividend Yield: 4.16%
  • JP Morgan analyst Samik Chatterjee maintained a Neutral rating and lowered the price target from $36 to $31 on Oct. 25, 2023. Chatterjee has an accuracy rate of 70%.
  • Barclays analyst Tim Long maintained an Equal-Weight rating and reduced the price target from $33 to $28 on Oct. 25, 2023. Long has an accuracy rate of 71%.
  • Recent News: Corning reported a 6% year-on-year decline in core sales for the third quarter of FY23, reaching $3.46 billion, falling short of the consensus estimate of $3.5 billion.

Texas Instruments Incorporated TXN

  • Dividend Yield: 3.61%
  • Truist Securities analyst William Stein maintained a Hold rating and lowered the price target from $165 to $150 on Oct. 25, 2023. Stein has an accuracy rate of 80%.
  • Mizuho analyst Vijay Rakesh maintained a Neutral rating and reduced the price target from $181 to $160 on Oct. 25, 2023. Rakesh has an accuracy rate of 73%.
  • Recent News: Texas Instruments reported better-than-expected earnings for the third quarter, although its sales fell short of estimates.

Read More: Jim Cramer Says This Oilfield Services Giant Reported A β€˜Remarkable’ Quarter: β€˜I Would Buy Some Here And Buy Some A Little Bit Lower’

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