October 6, 2022


Seagate Technology Holdings plc (NASDAQ:STX – Get Rating) shares hit a new 52-week low on Friday . The company traded as low as $68.13 and last traded at $68.13, with a volume of 12555 shares traded. The stock had previously closed at $71.44.

A number of equities analysts recently weighed in on STX shares. Barclays lowered their target price on shares of Seagate Technology from $85.00 to $70.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 21st. Northland Securities decreased their price objective on shares of Seagate Technology from $122.00 to $113.00 and set an “outperform” rating on the stock in a report on Tuesday, March 22nd. Wells Fargo & Company decreased their price objective on shares of Seagate Technology from $110.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 19th. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Seagate Technology from $110.00 to $95.00 and set a “hold” rating on the stock in a report on Tuesday, April 19th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.32.

The stock has a market capitalization of $14.84 billion, a P/E ratio of 8.49, a PEG ratio of 7.78 and a beta of 1.00. The business has a fifty day simple moving average of $79.78 and a 200-day simple moving average of $93.24. The company has a debt-to-equity ratio of 13.33, a quick ratio of 0.96 and a current ratio of 1.48.

Seagate Technology (NASDAQ:STX – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The data storage provider reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.03). Seagate Technology had a net margin of 15.40% and a return on equity of 339.73%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the business posted $1.36 earnings per share. Seagate Technology’s revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts anticipate that Seagate Technology Holdings plc will post 7.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Friday, June 24th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, June 23rd. Seagate Technology’s dividend payout ratio (DPR) is currently 34.40%.

A number of hedge funds and other institutional investors have recently modified their holdings of STX. FSB Premier Wealth Management Inc. bought a new stake in shares of Seagate Technology during the 4th quarter valued at about $26,000. Tyler Stone Wealth Management purchased a new position in Seagate Technology in the 4th quarter worth approximately $28,000. Chilton Capital Management LLC purchased a new position in Seagate Technology in the 4th quarter worth approximately $33,000. TCTC Holdings LLC purchased a new position in shares of Seagate Technology during the fourth quarter valued at approximately $34,000. Finally, Key Financial Inc purchased a new position in shares of Seagate Technology during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Seagate Technology Company Profile (NASDAQ:STX)

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI, and non-volatile memory express products; solid state hybrid drives; and storage subsystems.

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