In yesterday’s Wall Street session, Seagate Technology Holdings Plc (NASDAQ:STX) shares traded at $67.10, down -1.47% from the previous session.
24 analysts cover Seagate Technology Holdings Plc (NASDAQ:STX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $40.00, we find $65.00. Given the previous closing price of $68.10, this indicates a potential downside of -4.55 percent. STX stock price is now 1.24% away from the 50-day moving average and 5.52% away from the 200-day moving average. The market capitalization of the company currently stands at $13.95B.
The stock has received a hold rating from 15 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $64.28 as their price target over the next twelve months.
With the price target maintained at $65, Barclays recently Downgraded its rating from Overweight to Equal Weight for Seagate Technology Holdings Plc (NASDAQ: STX).
In other news, ZANDER EDWARD J, Director sold 1,370 shares of the company’s stock on Oct 23. The stock was sold for $89,392 at an average price of $65.25. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18, SVP, CLO & Corporate Secretary SCHUELKE KATHERINE sold 2,346 shares of the business’s stock. A total of $151,051 was realized by selling the stock at an average price of $64.39. This leaves the insider owning 28,812 shares of the company worth $1.93 million. Insiders disposed of 431,275 shares of company stock worth roughly $28.94 million over the past 1 year. A total of 0.57% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STX stock. A new stake in Seagate Technology Holdings Plc shares was purchased by SLATE PATH CAPITAL LP during the first quarter worth $113,607,000. MAVERICK CAPITAL LTD invested $32,008,000 in shares of STX during the first quarter. In the first quarter, WOODLINE PARTNERS LP acquired a new stake in Seagate Technology Holdings Plc valued at approximately $21,161,000. ARTEMIS INVESTMENT MANAGEMENT LLP acquired a new stake in STX for approximately $7,333,000. KADENSA CAPITAL LTD purchased a new stake in STX valued at around $7,145,000 in the second quarter. In total, there are 957 active investors with 84.47% ownership of the company’s stock.
On Wednesday morning Seagate Technology Holdings Plc (NASDAQ: STX) stock kicked off with the opening price of $67.45. During the past 12 months, Seagate Technology Holdings Plc has had a low of $47.47 and a high of $74.51. The fifty day moving average price for STX is $66.31 and a two-hundred day moving average price translates $63.65 for the stock.
The latest earnings results from Seagate Technology Holdings Plc (NASDAQ: STX) was released for Jun, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.18, beating analysts’ expectations of -$0.25 by 0.07. This compares to $1.30 EPS in the same period last year. The net profit margin was -7.16% and return on equity was 2207.14% for STX. The company reported revenue of $1.6 billion for the quarter, compared to $2.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.04 percent. For the current quarter, analysts expect STX to generate $1.53B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/10/2023. Investors who held shares on 09/26/2023 were paid a $0.70 dividend. On an annualized basis, this represents a $2.80 dividend and a 4.18% percent yield. There was an ex-dividend date of 09/25/2023 for this dividend.
Seagate Technology Holdings Plc(STX) Company Profile
Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie brand name; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.
