Top Analyst Ratings for High-Yielding Tech Stocks: Methode Electronics, HP, and Xerox

In turbulent market conditions, dividend-yielding stocks often become a haven for investors seeking stability and consistent returns. These companies, typically characterized by strong free cash flows, reward shareholders with attractive dividend payouts. Today, we’ll delve into the latest analyst takes on three high-yielding tech giants – Methode Electronics, HP Inc., and Xerox Holdings Corporation – providing insights for informed investment decisions.

Methode Electronics, Inc. (MEI)

With a compelling dividend yield of 5.42%, Methode Electronics has attracted the attention of analysts. However, recent ratings have been mixed, highlighting the need for careful analysis.

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Jefferies analyst Saree Boroditsky

initiated coverage on MEI with a

Hold

rating and a price target of $12 on April 9. This analyst boasts an accuracy rate of 60%, indicating a moderate track record.
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Sidoti & Co. analyst John Franzreb

downgraded the stock from

Buy

to

Neutral

on March 7. This analyst holds a stronger accuracy rate of 74%, suggesting a greater level of reliability.

Recent News:

On September 12, Methode Electronics appointed Mark Schwabero as the new Chairman of the Board. This news, which was reported in real-time by Benzinga Pro, could potentially influence the stock’s trajectory.

HP Inc. (HPQ)

HP Inc., known for its diverse range of technology products, offers a dividend yield of 3.04%. Despite its popularity, recent analyst ratings have been bearish, signaling a cautious outlook.

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Citigroup analyst Asiya Merchant

downgraded HPQ from

Buy

to

Neutral

with a price target of $37 on October 1. This analyst exhibits a strong accuracy rate of 78%, implying a high degree of confidence in their assessment.
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B of A Securities analyst Wamsi Mohan

echoed the sentiment, downgrading the stock from

Buy

to

Neutral

with the same price target of $37 on September 27. This analyst carries an impressive accuracy rate of 76%.

Recent News:

HP reported better-than-expected third-quarter financial results on August 28, also increasing its share repurchase authorization to $10 billion. This positive news was swiftly relayed to Benzinga Pro subscribers, providing them with a timely market edge.

Xerox Holdings Corporation (XRX)

Xerox Holdings Corporation stands out with an impressive dividend yield of 9.61%, making it a particularly attractive proposition for income-seeking investors. However, recent analyst ratings have been lukewarm, reflecting a cautious stance.

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JP Morgan analyst Samik Chatterjee

maintained an

Underweight

rating for XRX while cutting the price target from $13 to $11 on October 21. This analyst has a solid accuracy rate of 71%, suggesting a reliable assessment.
*

Loop Capital analyst Ananda Baruah

maintained a

Hold

rating but slashed the price target from $14 to $11 on August 14. This analyst possesses a commendable accuracy rate of 75%, underscoring their expertise.

Recent News:

Xerox is scheduled to host a live audio webcast on October 29, where it will discuss its third-quarter results. Benzinga Pro’s powerful charting tool can help investors identify trends and patterns in XRX stock, potentially providing valuable insights for their investment decisions.

Conclusion

The information provided in this analysis offers a glimpse into the current sentiment surrounding these high-yielding tech stocks. Investors should carefully weigh the analyst ratings, recent news, and their own investment objectives before making any decisions. Remember, this information is intended for educational purposes and should not be construed as financial advice. It is essential to conduct thorough research and seek advice from a qualified financial professional before making any investment decisions.