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• Undervalued tech stocks with lucrative dividend yields is a dream come true.
• Here is our list of top 3 dividend stocks in tech with potential to outperform.
• A brief overview of why each of these three is worth an investment in 2024.

Tech stocks are primarily known for their upside potential. But wouldn’t they be all the more exciting if they came up with a lucrative dividend yield as well? 

If you agree, read on and explore our list of top 3 dividend stocks in tech with the potential to significantly outperform. 

Juniper Networks Inc (JNPR)
 

Juniper Networks has gained some 20% since the start of this year but it may still be undervalued considering Wall Street sees upside in it to over $40 on average. 

That signals potential for another 15% gain. Plus, JNPR currently pays a dividend yield of 2.48% as well. 

Juniper Networks stock is worth owning also because it has a single native AI platform which helps cut operating costs by up to 85% in some cases. 

Note that HPE is currently in the process of acquiring Juniper Networks Inc for about $14 billion to accelerate AI-driven innovation. The all-cash agreement values each share of JNPR at $40. 

Skyworks Solutions Inc (SWKS)
 

Skyworks Solutions is a dividend stock in tech that Kevin Cassidy of Rosenblatt Securities expects will outperform in the coming months. 

His $120 price objective on SKWS indicates roughly 15% upside from here and the semiconductor firm pays a dividend yield of 2.55% as well. 

Skyworks stock is worth owning also because it has been raising its dividend payments for about ten years. 

Liam Griffin – the chief executive of Skyworks Solutions Inc recently parked $1.0 million in SKWS that signals insider confidence in what the future holds for the Nasdaq-listed firm that showcased industrial and automotive isolation solutions at PCIM Europe last week. 

Cisco Systems Inc (CSCO)
 

Cisco has been in a downtrend this year and is currently exchanging hands at under $46. Still, Wall Street sees upside in shares of the networking hardware company to $53.51 on average that spells “undervalued”. 

What makes CSCO all the more exciting to own in 2024 is its rather healthy 3.48% dividend yield. The multinational based out of San Jose, California has raised dividends for thirteen years straight. 

Investors should consider owning Cisco stock also because it reported market-beating financial results for its third quarter in May. 

At the time, the Nasdaq-listed firm also issued encouraging guidance. CSCO forecasts its revenue to fall between $53.6 billion and $53.8 billion on up to $3.71 a share of adjusted earnings this year – ahead of analysts at $53.14 billion and $3.67 per share, respectively. 

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