Wall Street Analysts’ Most Accurate Views on 3 Technology Stocks Offering High Dividend Yields – Methode Electronics (NYSE:MEI), HP (NYSE:HPQ)

During times of market turbulence and uncertainty, many investors turn to dividend-producing stocks. These are often companies that have high free cash flows and reward shareholders with a distribution of high dividends.

Benzinga readers can review the latest analyst opinions on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by the precision of the analyst .

Below are the most accurate analyst ratings for three high-yield stocks in the information technology sector.

Xerox Holdings Corporation XRX

• Dividend Yield: 5.59%
• JP Morgan analyst Samik Chatterjee maintained an Underweight rating and raised the price target from $16 to $18 on January 26, 2024. This analyst has an accuracy rate of 68%.
• Swiss credit analyst Shannon Cross maintained an Underperform rating and raised the price target from $9 to $11 on July 26, 2023. This analyst has an accuracy rate of 79%.
• Recent news: On March 25, Xerox announced the full exercise of the over-allotment option for its 3.75% convertible senior notes due 2029 and the completion of a series of financing transactions.

Methode Electronics, Inc. MEI

• Dividend Yield: 4.60%
• Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024. This analyst has an accuracy rate of 74%.
• Barrington Research analyst Christopher Howe reiterated a Market Perform rating on May 25, 2023. This analyst has an accuracy rate of 60%.
• Recent news: On March 7, Methode Electronics reported worse-than-expected third-quarter financial results and suspended guidance.

HP Inc. HPQ

• Dividend Yield: 3.64%
• Barclays analyst Tim Long maintained an Underweight rating and raised the price target from $22 to $24 on February 29, 2024. This analyst has an accuracy rate of 72%.
• HSBC Analyst Stephen Bersey upgraded the stock from Hold to Buy and raised the price target from $30 to $33 on February 14, 2024. This analyst has an accuracy rate of 64%.
• Recent news: On February 28, HP reported worse-than-expected first-quarter sales results.

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