Investors Seek Safety in High-Yield Tech Stocks Amid Market Uncertainty

In uncertain market conditions, dividend-yielding stocks become attractive options for many investors. These companies typically generate strong free cash flow, enabling them to reward shareholders with higher payouts.

Benzinga provides up-to-date analyst opinions on various stocks through its Analyst Stock Ratings page. Investors can explore Benzinga’s comprehensive database of analyst ratings, organized by accuracy.

Xerox Holdings Corporation XRX

• Dividend Yield: 11.06%
• JP Morgan analyst Samik Chatterjee has an Underweight rating and reduced the price target from $11 to $8 on Oct. 30, with an accuracy rate of 71%.
• Loop Capital analyst Ananda Baruah maintained a Hold rating, lowering the price target from $14 to $11 on Aug. 14. This analyst holds an accuracy rate of 75%.
• Recent News: On Oct. 29, Xerox announced that its third-quarter financial results fell short of expectations and revised its annual forecast downward.
• Benzinga Pro’s real-time newsfeed highlighted the latest developments regarding XRX.

Skyworks Solutions, Inc. SWKS

• Dividend Yield: 3.28%
• Citigroup analyst Atif Malik reiterated a Sell rating and set a new price target of $72, down from $83 on Nov. 13, achieving an accuracy rate of 82%.
• Mizuho analyst Vijay Rakesh maintained an Outperform rating, reducing the price target from $127 to $105 on Nov. 13, with an accuracy rate of 75%.
• Recent News: Skyworks reported adjusted earnings per share (EPS) of $1.55 on Nov. 12, slightly exceeding analyst expectations of $1.52, while quarterly sales reached $1.025 million, matching consensus estimates.
• Benzinga Pro’s real-time newsfeed provided updates on SWKS performance.

Methode Electronics, Inc. MEI

• Dividend Yield: 5.35%
• Jefferies analyst Saree Boroditsky started coverage on Methode Electronics with a Hold rating and a $12 price target on April 9, attaining an accuracy rate of 62%.
• Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, holding an accuracy rate of 74%.
• Recent News: Methode Electronics is set to announce its second-quarter results on Thursday, Dec. 5.
• Benzinga Pro’s charting tools have been instrumental in tracking MEI stock trends.

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