Top Technology Name Added to UBS Dividend Ruler Stocks

Here is the new technology name added to the Dividend Ruler line up, and the other top yielding technology names that currently are on the UBS list.

Qualcomm Inc. (NASDAQ: QCOM) is added to the UBS list and may be on the verge of making its gigantic world even bigger. The stock is rated Outperform and is also on the firm’s high conviction list. Lenovo, which is one of the fastest growing technology companies, will mainly rely on Qualcomm chips for handsets shipped outside China due to intellectual property reasons. It was also recently announced that software giant Microsoft plans to use Qualcomm chips in its new, smaller version of the Surface tablet. Investors are paid a solid 2.1% dividend. The UBS price target is posted at $88. The Thomson/First Call price target is $84.84. Qualcomm closed Wednesday at $79.32 a share.

ALSO READ: Stifel Warns of Trouble Ahead for Enterprise Storage Stocks

Intel Corp. (NASDAQ: INTC) has a rating of Outperform at UBS and is on the Dividend Ruler list. The stock has been caught in a ratings tug-of-war on Wall Street, but many firms are positive on the stock and believe the Silicon Valley giant is poised to breakout of their multiyear slump. A new commitment to smartphone and mobile applications, combined with a possible resurgence of PC growth later this year, may make Intel one of the best large cap value stocks to buy. Intel trades at a very low 13.5 times forward earnings. Investors are paid a solid 3.4% dividend. UBS has a $30 price target, while the consensus target is $26.86. Intel closed Wednesday at $26.86.

Microsoft Corp. (NASDAQ: MSFT) is another technology name rated Outperform at UBS. The stock has sold off recently and may be offering investors a perfect spot to scale in some capital. The company continues to evolve away from its core Office suite of products and is even developing six original shows as part of its Xbox studios plan, including shows starring Sarah Silverman, Seth Green and others. Investors are paid a nice 2.9 % dividend. The UBS price target is at $46, and the consensus target is $41.43. Microsoft closed Wednesday at $39.80.

Clearly Wall Street has been taking technology stocks large and small out to the woodshed for a spanking. This negative moment may give investors that are looking to own the old-school, value technology names an outstanding entry point to add these stocks to their portfolios. They have shown that over the years they have staying power, as well as the ability to pay and raise their dividends. That makes good sense for growth portfolios that are long term in nature, and that also like income for added total return.

ALSO READ: Companies With the Best (and Worst) Reputations