Investing
2 Sizzling Tech Stocks Highlight Buy-Rated Stocks With Rising Dividends
August 23, 2021 11:54 am
Last Updated: August 23, 2021 12:00 pm
The Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions, comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions. It offers payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms. This segment also offers payment-processing solutions, including credit and debit cards, and ACH payment services, as well as financial supplies and financing for small businesses.
Its Consumer segment provides TurboTax income tax preparation products and services, as well as personal finance services. The company’s Strategic Partner segment offers Lacerte, ProSeries and ProFile desktop tax-preparation software products, as well as ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services.
Shareholders are currently paid a 0.43% dividend. It is expected the company will raise the dividend to $0.64 per share from $0.59
The Mizuho price target is $550, well above the $500.79 consensus target for Intuit stock. However, shares were trading at $551.60 on Monday.
This is a top chip equipment pick across Wall Street, and it has purchased 6% of its outstanding shares back over the past year. Lam Research Corp. (NASDAQ: LRCX) designs, manufactures, markets, refurbishes and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide.
The company offers ALTUS systems to deposit conformal films for tungsten metallization applications, SABRE electrochemical deposition products for copper damascene manufacturing, SOLA ultraviolet thermal processing products for film treatments and VECTOR plasma-enhanced chemical vapor deposition atomic layer deposition products.
It also provides SPEED gapfill high-density plasma chemical vapor deposition products and Striker single-wafer atomic layer deposition products that provide multiple dielectric film solutions. In addition, the company offers Flex for dielectric etch applications, Kiyo for conductor etch applications, Syndion for through-silicon via etch applications and Versys metal products for metal etch processes.
Lam Research’s Coronus bevel clean products enhance die yield. Its Da Vinci, DV-Prime, EOS and SP address a range of wafer cleaning applications, and Metryx mass metrology systems offer high precision in-line mass measurement in semiconductor wafer manufacturing.
Shareholders receive a 0.92% dividend. It is expected the company will raise the dividend to $1.35 per share from $1.30.
The $790 Wall Street high price target at Stifel compares with the $743.39 consensus target. Lam Research stock was trading at $580.30 a share.
These three top stocks are rated Buy across Wall Street, and the companies are expected to lift the dividends they pay to shareholders soon. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
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