Dear Reader,
We have identified several tech stocks which are expected to go “Ex-Dividend” starting February 17th, 2023.
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment.
Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
So please keep this in mind.
Below is our latest Dividend Report:
Audiocodes
Symbol: AUDC
Recent Price: $17.65
Average Analyst Price Target: $20.00 (13.31%)
Market Cap: $546.00M
Expected Ex-Dividend Date: Feb 17 2023
Expected Payment Date: Mar 07 2023
Expected Dividend & Yield: 2.04%
Recent Analyst Action: Ryan MacWilliams, analyst at Barclays, reiterates coverage on Audiocodes (AUDC) in the Technology sector with a Sell rating and a price target of $ 17 (6 days ago).
TipRanks.com also reports that Audiocodes currently has 2 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $20.00 . The target pricing ranges from a high forecast of $23.00 down to a low forecast of $17.00. Audiocodes (AUDC)’s last closing price was $$17.65 which would put the average price target at 13.31% upside.Here are 3rd party ratings for AUDC:
- TipRanks.com: Hold
- TradingView.com: Sell
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong sell
- Zacks.com: Sell, Bottom 38% (155 out of 251)
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Bentley Systems
Symbol: BSY
Recent Price: $40.95
Average Analyst Price Target: $46.50 (13.55%)
Market Cap: $11.33B
Expected Ex-Dividend Date: Feb 17 2023
Expected Payment Date: Mar 07 2023
Expected Dividend & Yield: 0.31%
Recent Analyst Action: Matthew Broome, analyst at Mizuho Securities, reiterates coverage on Bentley Systems (BSY) in the Technology sector with a Buy rating and a price target of $ 45 (2 months ago).
TipRanks.com also reports that Bentley Systems currently has 2 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $46.50 . The target pricing ranges from a high forecast of $48.00 down to a low forecast of $45.00. Bentley Systems (BSY)’s last closing price was $$40.95 which would put the average price target at 13.55% upside.Here are 3rd party ratings for BSY:
- TipRanks.com: Moderate Buy
- TradingView.com: Buy
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Sell, Top 29% (74 out of 251)
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Infineon Technologies AG
Symbol: IFNNF
Recent Price: $38.5
Average Analyst Price Target: $45.48 (18.13%)
Market Cap: $49.97B
Expected Ex-Dividend Date: Feb 17 2023
Expected Payment Date: Feb 21 2023
Expected Dividend & Yield: 0.84%
Recent Analyst Action: Sandeep Deshpande, analyst at J.P. Morgan, reiterates coverage on Infineon Technologies AG (IFNNF) in the Technology sector with a Hold rating and a price target of $ 41.31 (1 day ago).
TipRanks.com also reports that Infineon Technologies AG currently has 18 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $45.48 . The target pricing ranges from a high forecast of $53.64 down to a low forecast of $26.82. Infineon Technologies AG (IFNNF)’s last closing price was $$38.5 which would put the average price target at 18.13% upside.Here are 3rd party ratings for IFNNF:
- TipRanks.com: Moderate Buy
- TradingView.com: Buy
- Yahoo! Finance: Neutral Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: n/a
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Microchip
Symbol: MCHP
Recent Price: $84.88
Average Analyst Price Target: $98.21 (15.70%)
Market Cap: $46.20B
Expected Ex-Dividend Date: Feb 17 2023
Expected Payment Date: Mar 07 2023
Expected Dividend & Yield: 1.40%
Recent Analyst Action: Toshiya Hari, analyst at Goldman Sachs, reiterates coverage on Microchip (MCHP) in the Technology sector with a Hold rating and a price target of $ 87 (1 week ago).
TipRanks.com also reports that Microchip currently has 19 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $98.21 . The target pricing ranges from a high forecast of $125.00 down to a low forecast of $79.00. Microchip (MCHP)’s last closing price was $$84.88 which would put the average price target at 15.70% upside.Here are 3rd party ratings for MCHP:
- TipRanks.com: Moderate Buy
- TradingView.com: Buy
- Yahoo! Finance: Neutral Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Strong Buy, Top 40% (101 out of 251)
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Rockwell Automation
Symbol: ROK
Recent Price: $293.17
Average Analyst Price Target: $272.50 (-7.05%)
Market Cap: $33.72B
Expected Ex-Dividend Date: Feb 17 2023
Expected Payment Date: Mar 10 2023
Expected Dividend & Yield: 1.59%
Recent Analyst Action: Joshua Pokrzywinski, analyst at Morgan Stanley, reiterates coverage on Rockwell Automation (ROK) in the Technology sector with a Buy rating and a price target of $ 335 (21 hours ago).
TipRanks.com also reports that Rockwell Automation currently has 14 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $272.50 . The target pricing ranges from a high forecast of $335.00 down to a low forecast of $200.00. Rockwell Automation (ROK)’s last closing price was $$293.17 which would put the average price target at -7.05% upside.Here are 3rd party ratings for ROK:
- TipRanks.com: Hold
- TradingView.com: Buy
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Buy, Top 5% (12 out of 251)
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And there you have it...
Keep in mind, if you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment.
Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
If you have questions about specific dividends, you should consult with your financial advisor or visit Investor.gov for more information.
Sincerely,
The Editor, techstockmovers.com
TechStockMovers.com keeps investors informed on a variety of tech stocks including communications equipment, IT Services, Semiconductors, Software, Technical hardware, storage and peripherals, artificial intelligence (AI), cybersecurity and more. (TSM) aggregates market data from top tier financial content providers like Barchart.com, Tipranks.com, TradingView.com, Yahoo! Finance, and Zacks.com.
