As it has for years, the technology sector continues to provide much of the growth in the United States and around the world. But what if you want to own tech stocks and also need income? 10-year Treasuries have sold off some recently, but are still yielding a measly 1.78%, and the yield on the S&P 500 remains at a 20-year low. So what are investors with higher risk tolerance who need income and growth to do?
A great idea is to look at tech stocks that also pay strong and reliable dividends. We scoured our 24/7 search universe on Wall St. for well-known tech companies that pay big dividends and have strong growth prospects for the rest of 2022 and beyond. These five now look like outstanding ideas. All are rated Buy from Top Companies on Wall Street, but it’s important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
Although perhaps a bit off the radar, this stock offers investors huge total return potential. ASE Technology Holding Co.Ltd. (NYSE: ASX) offers a range of semiconductor packaging and testing, as well as electronics manufacturing services, in the United States, Asia, Europe and elsewhere.
The Company offers packaging services, including flip-chip bead array (BGA), chip-scale flip-chip package (CSP), advanced chip-scale packages, quad flat packages, slim low profile quad flat packages, bump chip carrier and flat lead-free (QFN) packages, advanced QFN packages, plastic BGA packages and 3D chip packages. It offers stacked chip solutions in different package types and copper and silver wire bonding solutions.
ASE also provides advanced packages, such as flip-chip BGA; FCBGA heat sink; flip chip CSP; Hybrid FCCSP; flip-chip packaging in wrap and wrap-on-pack (POP); advanced single-sided substrate; Broadband POP; packaging at fan-out edge level; SESUB; and 2.5D silicon midsole.
Additionally, the company offers IC wire connection packages; System-in-Package (SiP) products and modules; and interconnect materials, as well as assemble automotive electronics. In addition, it provides a range of semiconductor test services, including front-end engineering testing, wafer probing, logic modules/mixed-signal/RF and SiP/MEMS/discrete end-testing, and d other testing-related services, as well as drop-shipments. services.
Shareholders receive a dividend of 3.07%. BofA Securities has a price target of $9.50 on ASE Technology shares. The analyst consensus target is higher at $11.43, but the stock’s closing price on Tuesday was $7.08, after a nearly 5% gain on the day.
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