Wall Street's Most Accurate Analysts Say Sell These 3 Tech Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.

Seagate Technology Holdings plc STX

• Dividend Yield: 4.83%
• Summit Insights Group analyst Kinngai Chan downgraded the stock from Buy to Sell on July 27, 2023. This analyst has an accuracy rate of 74%.
• Susquehanna analyst Mehdi Hosseini maintained a Negative rating and raised the price target from $32 to $33 on June 14, 2023. This analyst has an accuracy rate of 62%.
• Recent News: Seagate Technology reported better-than-expected fourth-quarter EPS results and issued first-quarter guidance.

HP Inc. HPQ

• Dividend Yield: 3.18%
• B of A Securities analyst Wamsi Mohan maintained an Underperform rating and raised the price target from $26 to $27 on May 31, 2023. This analyst has an accuracy rate of 73%.
• Barclays analyst Tim Long maintained an Underweight rating and lowered the price target from $27 to $24 on Nov. 23, 2022. This analyst has an accuracy rate of 70%.
• Recent News: HP reported mixed second-quarter financial results and issued guidance.

Xerox Holdings Corporation XRX

• Dividend Yield: 5.96%
• Citigroup analyst Jim Suva maintained a Sell rating and cut the price target from $15 to $10 on Oct. 26, 2022. This analyst has an accuracy rate of 69%.
• JP Morgan analyst Samik Chatterjee maintained an Underweight rating and slashed the price target from $16 to $14 on July 14, 2022. This analyst has an accuracy rate of 74%.
• Recent News: Xerox Holdings reported second-quarter FY23 sales growth of 0.4% year-on-year to $1.75 billion, marginally missing the consensus of $1.76 billion.

Read More: Investor Sentiment Declines After Dow Snaps 13-Day Win Streak