Seagate Technology Holdings plc (NASDAQ:STX) Plans Quarterly Dividend of $0.67

Seagate Technology Holdings plc (NASDAQ:STX) declared a quarterly dividend on Wednesday, July 21st, Zacks reports. Stockholders of record on Wednesday, September 22nd will be given a dividend of 0.67 per share by the data storage provider on Wednesday, October 6th. This represents a $2.68 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, September 21st.

Seagate Technology has raised its dividend payment by 4.0% over the last three years and has increased its dividend every year for the last 1 years.

Shares of Seagate Technology stock traded up $0.75 on Thursday, hitting $83.35. The stock had a trading volume of 16,029 shares, compared to its average volume of 1,674,407. Seagate Technology has a twelve month low of $43.53 and a twelve month high of $106.22. The company has a 50 day moving average price of $91.68. The company has a current ratio of 1.23, a quick ratio of 0.81 and a debt-to-equity ratio of 10.12. The firm has a market capitalization of $19.08 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 10.01 and a beta of 1.14.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 20th. The data storage provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.74 by $0.26. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. Seagate Technology had a return on equity of 88.26% and a net margin of 9.80%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, equities research analysts expect that Seagate Technology will post 5.08 EPS for the current year.

A number of equities research analysts recently issued reports on the company. Loop Capital increased their price target on Seagate Technology from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 21st. Wedbush increased their price target on Seagate Technology from $70.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, July 16th. They noted that the move was a valuation call. increased their price target on Seagate Technology from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, June 9th. Susquehanna dropped their price target on Seagate Technology from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Citigroup increased their price target on Seagate Technology from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, June 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $90.83.

In other news, Director Stephen J. Luczo sold 100,000 shares of the business’s stock in a transaction on Monday, April 26th. The shares were sold at an average price of $92.13, for a total transaction of $9,213,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine Schuelke sold 24,525 shares of the business’s stock in a transaction on Friday, April 30th. The shares were sold at an average price of $95.70, for a total transaction of $2,347,042.50. Following the transaction, the senior vice president now owns 44,028 shares of the company’s stock, valued at $4,213,479.60. The disclosure for this sale can be found here. Insiders sold a total of 214,322 shares of company stock valued at $19,926,666 over the last quarter. 0.97% of the stock is owned by company insiders.

Seagate Technology Company Profile

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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Dividend History for Seagate Technology (NASDAQ:STX)

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