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Unearthing Wall Street’s Top Picks: Tech Stocks with High-Dividend Yields

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Steering Through Market Turbulence

When the stock market resembles a turbulent sea, investors often seek refuge in dividend-yielding stocks. These companies act as stable anchors, offering high dividend payouts driven by robust free cash flows.

To explore the latest sentiments from Wall Street analysts, head over to Benzinga’s Analyst Stock Ratings page. With the ability to filter ratings based on analyst accuracy, traders gain valuable insights into the market.

Let’s uncover the wisdom of some of the most precise analysts regarding three tech stocks boasting substantial dividend yields.

Methode Electronics, Inc. (MEI)

  • Dividend Yield: 4.47%
  • Sidoti & Co. analyst John Franzreb adjusted the stock rating from Buy to Neutral on March 7, 2024, showcasing a 74% accuracy rate.
  • Barrington Research analyst Christopher Howe upheld a Market Perform rating on May 25, 2023, with a 65% accuracy rate.
  • Recent Update: On March 7, Methode Electronics reported lower-than-expected third-quarter financials and halted its guidance.

Hewlett Packard Enterprise Company (HPE)

  • Dividend Yield: 2.97%
  • Wells Fargo analyst Aaron Rakers shifted the stock rating from Overweight to Equal-Weight and revised the price target from $21 to $17 on March 1, 2024, maintaining an impressive 85% accuracy rate.
  • Evercore ISI Group analyst Amit Daryanani retained an In-Line rating and adjusted the price target from $19 to $18 on March 1, 2024, boasting a 75% accuracy rate.
  • Recent Update: On February 29, Hewlett Packard Enterprise unveiled weaker-than-anticipated first-quarter revenue figures and provided FY24 EPS projections below estimations.

Corning Incorporated (GLW)

  • Dividend Yield: 3.44%
  • Barclays analyst Tim Long sustained an Equal-Weight rating and boosted the price target from $28 to $35 on January 31, 2024, showcasing a 73% accuracy rate.
  • JP Morgan analyst Samik Chatterjee retained a Neutral rating and decreased the price target from $36 to $31 on October 25, 2023, with a 72% accuracy rate.
  • Recent Update: On January 30, Corning revealed better-than-expected quarterly sales results.

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Read More: Hibbett Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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