Seagate Technology Holdings plc (NASDAQ:STX) Director Yolanda Lee Conyers Sells 750 Shares

Seagate Technology Holdings plc (NASDAQ:STX) Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total value of $72,075.00. Following the sale, the director now owns 3,034 shares of the company’s stock, valued at approximately $291,567.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Seagate Technology Price Performance

NASDAQ:STX opened at $100.81 on Friday. Seagate Technology Holdings plc has a 1-year low of $62.43 and a 1-year high of $113.57. The company has a 50 day moving average price of $101.64 and a 200-day moving average price of $95.63. The firm has a market cap of $21.19 billion, a price-to-earnings ratio of -78.15 and a beta of 1.04.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 23rd. The data storage provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.76 by $0.29. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned ($0.29) earnings per share. Seagate Technology’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Seagate Technology Holdings plc will post 6.72 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 23rd will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.80 annualized dividend and a dividend yield of 2.78%. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

Wall Street Analyst Weigh In

STX has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company lifted their price target on shares of Seagate Technology from $90.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Mizuho raised their price objective on Seagate Technology from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 31st. TD Cowen increased their price target on Seagate Technology from $110.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Cantor Fitzgerald lifted their price objective on Seagate Technology from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Hold” and a consensus target price of $115.94.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new position in Seagate Technology in the 2nd quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in Seagate Technology by 2,407.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 337 shares during the last quarter. Northwest Financial Advisors purchased a new stake in Seagate Technology during the 4th quarter valued at about $31,000. Family Firm Inc. purchased a new position in Seagate Technology in the 2nd quarter worth approximately $41,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Seagate Technology by 15,766.7% during the 2nd quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock worth $49,000 after purchasing an additional 473 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology 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.