Seagate Technology Holdings plc (NASDAQ:STX – Get Rating ) has been assigned an average recommendation of “Hold” from the twenty-eight ratings firms that are covering the stock, MarketBeat.com reports. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $69.50.
STX has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of Seagate Technology from $120.00 to $97.00 and set a “buy” rating for the company in a research report on Thursday, September 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Seagate Technology from $60.00 to $55.00 in a research note on Thursday, October 27th. Susquehanna reduced their price objective on shares of Seagate Technology from $40.00 to $38.00 in a research note on Thursday, October 27th. Mizuho reduced their price objective on shares of Seagate Technology from $75.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, October 27th. Finally, TheStreet lowered shares of Seagate Technology from a “b-” rating to a “c” rating in a research note on Wednesday, October 26th.
Price performance of Seagate technology
Shares of NASDAQ:STX opened at $54.57 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.19 and a debt-to-equity ratio of 46.44. The company has a market cap of $11.27 billion, a P/E ratio of 10.49, a PEG ratio of 22.37 and a beta of 1.09. Seagate Technology has a 52-week low of $47.47 and a 52-week high of $117.67. The company has a 50-day moving average of $55.34 and a 200-day moving average of $69.86.
Seagate Technology (NASDAQ:STX – Get Rating ) last posted its quarterly earnings results on Wednesday, October 26th. The data storage provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15). Seagate Technology had a net margin of 10.89% and a return on equity of 716.97%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ estimates of $2.11 billion. In the same quarter last year, the business reported $2.27 earnings per share. Seagate Technology’s revenue was down 34.7% year over year. analysts predict that Seagate Technology will post 1.99 earnings per share for the current year.
Seagate Technology announces dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Wednesday, December 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, December 20th. This represents a $2.80 annual dividend and a dividend yield of 5.13%. Seagate Technology’s payout ratio is 53.85%.
Hedge funds weigh in on Seagate technology
Several hedge funds and other institutional investors have recently made changes to their positions in STX. Oakworth Capital Inc. acquired a new position in Seagate Technology in the second quarter valued at $29,000. Hallmark Capital Management Inc. purchased a new stake in shares of Seagate Technology in the second quarter worth about $32,000. Ronald Blue Trust Inc. bought a new stake in shares of Seagate Technology in the second quarter worth about $33,000. West Branch Capital LLC bought a new stake in shares of Seagate Technology in the second quarter worth about $35,000. Finally, Janiczek Wealth Management LLC increased its position in shares of of Seagate Technology by 286.4% in the second quarter. Janiczek Wealth Management LLC now owns 541 shares of the data storage provider’s stock valued at $43,000 after purchasing an additional 401 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s shares.
Seagate Technology Company Profile
Seagate Technology Holdings plc provides storage technology and solutions in Singapore, the United States, the Netherlands and internationally. It provides mass-capacity storage products, including enterprise near-hard disk drives (HDDs), enterprise near-hard disk drives (SSDs), enterprise near-field systems, video and imaging HDDs, and network storage devices.
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