Seagate Technology Holdings PLC (STX) To Go Ex-Dividend on June 24th

Seagate Technology Holdings PLC (NASDAQ:STX) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Wednesday, June 24th will be paid a dividend of 0.74 per share by the data storage provider on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th.

Seagate Technology has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Seagate Technology has a payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Seagate Technology to earn $27.12 per share next year, which means the company should continue to be able to cover its $2.96 annual dividend with an expected future payout ratio of 10.9%.

Seagate Technology Stock Performance

NASDAQ STX opened at $1,070.23 on Monday. The company has a market cap of $239.98 billion, a P/E ratio of 101.54 and a beta of 2.04. The company has a fifty day simple moving average of $769.13 and a 200 day simple moving average of $504.87. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology has a 12-month low of $130.32 and a 12-month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business’s revenue was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts predict that Seagate Technology will post 14.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities upped their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup lifted their price target on Seagate Technology from $740.00 to $1,150.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. TD Cowen increased their price objective on Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. China Renaissance increased their price objective on Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Finally, The Goldman Sachs Group raised their target price on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $831.79.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.