Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 3% 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.

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. This analyst has an accuracy rate of 61%
• Exane BNP Paribas analyst Stefan Slowinski downgraded the stock from Outperform to Neutral on Jan. 10, 2023. This analyst has an accuracy rate of 74%.
• Recent News: The company reported a sales decline of 5% year-on-year to SEK 64.5 billion ($5.96) billion, missing the consensus of $6.27 billion.

Corning Incorporated GLW

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

Texas Instruments Incorporated TXN

• Dividend Yield: 3.61%
• Truist Securities analyst William Stein maintained a Hold rating and cut the price target from $165 to $150 on Oct. 25, 2023. This analyst has an accuracy rate of 80%.
• Mizuho analyst Vijay Rakesh maintained a Neutral rating and slashed the price target from $181 to $160 on Oct. 25, 2023. This analyst has an accuracy rate of 73%.
• Recent News: Texas Instruments reported upbeat earnings for the third quarter, while sales missed estimates.

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