As market uncertainty sets in, investors are turning to dividend-yielding stocks as a safe haven. Three high-yielding tech stocks – Texas Instruments, Microchip Technology, and Skyworks Solutions – are under analyst scrutiny. Here’s the latest on their stock ratings.
Texas Instruments (TXN) has been assigned a Neutral rating by Mizuho analyst Vijay Rakesh with a reduced price target of $170, bringing its accuracy rate to 75%. UBS analyst Timothy Arcuri maintains a Buy rating and lowered his target to $215, boasting an accuracy rate of 77%.
Microchip Technology (MCHP) is a Strong Buy candidate, according to Raymond James analyst Melissa Fairbanks. She raised the price target from $60 to $65, with an accuracy rate of 72%. Morgan Stanley’s Joseph Moore also has a buy signal for the stock, increasing his target to $50.
Skyworks Solutions (SWKS) tops the list with the highest dividend yield at 4.04%. Stifel analyst Ruben Roy maintains a Hold rating and raised the price target to $72, while Needham analyst Quinn Bolton reiterates a Hold rating with an accuracy rate of 81%.
These stocks have seen recent news, including Texas Instruments’ investment-grade note offering and Microchip’s better-than-expected Q4 sales results. Stay ahead with Benzinga Pro’s real-time newsfeed and expert analysis to inform your trading decisions.
Source: https://www.benzinga.com/analyst-ratings/price-target/25/05/45615317/wall-streets-most-accurate-analysts-spotlight-on-3-tech-stocks-with-over-3-dividend-yields-2