Seagate Technology PLC (NASDAQ:STX) announced a quarterly dividend on Monday, October 23rd, RTT News reports. Investors of record on Wednesday, December 20th will be paid a dividend of 0.63 per share by the data storage provider on Wednesday, January 3rd. This represents a $2.52 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Tuesday, December 19th.

Seagate Technology (NASDAQ:STX) opened at $42.02 on Monday. Seagate Technology has a 12 month low of $30.60 and a 12 month high of $50.96. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 4.03. The company has a market capitalization of $12,157.18, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.56 and a beta of 1.67.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Monday, October 23rd. The data storage provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. Seagate Technology had a return on equity of 84.50% and a net margin of 7.41%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company earned $0.99 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. equities analysts expect that Seagate Technology will post 3.99 earnings per share for the current year.

In related news, insider Jeffrey D. Nygaard purchased 5,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were acquired at an average cost of $37.38 per share, with a total value of $186,900.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Edward J. Zander sold 15,089 shares of Seagate Technology stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $38.79, for a total value of $585,302.31. The disclosure for this sale can be found here. Insiders sold a total of 42,481 shares of company stock valued at $1,655,011 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Several research analysts have commented on STX shares. Cowen restated a “hold” rating and issued a $36.00 target price on shares of Seagate Technology in a research note on Friday, October 13th. BidaskClub downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Jefferies Group set a $29.00 target price on Seagate Technology and gave the stock a “hold” rating in a research note on Sunday, October 15th. Mizuho restated a “hold” rating and issued a $36.00 target price on shares of Seagate Technology in a research note on Monday, October 9th. Finally, Barclays raised their target price on Seagate Technology from $29.00 to $32.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 24th. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.53.

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Seagate Technology Company Profile

Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.

Dividend History for Seagate Technology (NASDAQ:STX)

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