Seagate
This disk drive giant looks reasonable at current trading levels. Seagate Technology Holdings PLC (NASDAQ: STX) provides data storage technology and solutions in Singapore, the United States, the Netherlands and elsewhere.
The company offers hard disk and solid-state drives, including serial advanced technology attachment, serial attached SCSI and non-volatile memory express products; solid-state hybrid drives; and storage subsystems. Its products are used in enterprise servers and storage systems and edge compute and non-compute applications.
Seagate also provides an enterprise data solutions portfolio, comprising storage subsystems and mass capacity optimized private cloud storage solutions for enterprises, cloud service providers and scale-out storage servers and original equipment manufacturers. In addition, it offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 16 terabytes.
Shareholders enjoy a 4.78% dividend. TD Cowen has an Outperform rating and has set its price objective at $70. The consensus target is $62.50, and Seagate Technology stock closed on Wednesday at $58.36.
Texas Instruments
This old-school semiconductor company offers solid value at current levels and is a great pick for investors who are more conservative. Texas Instruments Inc. (NASDAQ: TXN) is a broad-based supplier of semiconductor components, ranging from digital signal processors to high-performance analog components, to digital light-processing technology and calculators.
Some 65% of the company’s sales are exposed to the well-diversified, business-to-business industrial, automotive, communications infrastructure and enterprise markets. While business from those sectors, especially automotive, could suffer in the near term, the analyst feels the solid dividend should support the shares.
The company is also a big Apple supplier, so the long-term outlook for this venerable leader makes it a safer bet for investors with less risk tolerance.
Investors receive a 2.98% dividend. The analysts at Oppenheimer have an Outperform rating for Texas Instruments stock. Their $195 price target is higher than the $181.46 consensus target and the most recent close at $163.35.
These seven top technology companies have paid strong and dependable dividends for years and each has carved out specific silos where it excels, and in some cases dominates. Note that technology is indeed volatile, and should the market take another big leg down, tech shares can get hit harder than more conservative ideas, Yet, for those with a higher risk tolerance and time on their side, all seven make very good sense now.
Originally published at 24/7 Wall St.
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