Shares of Seagate Technology PLC (NASDAQ:STX) have received a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $45.94.
A number of research firms have issued reports on STX. Argus boosted their price target on First Solar to $66.00 and gave the company an “average” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price target on Valener from C$22.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Thursday, March 28th. BidaskClub downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research downgraded Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. Finally, Benchmark upgraded from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.
NASDAQ STX traded down $0.07 during trading hours on Friday, hitting $47.30. The company’s stock had a trading volume of 1,555,915 shares, compared to its average volume of 2,407,873. Seagate Technology has a 12 month low of $35.38 and a 12 month high of $57.68. The stock has a 50 day moving average price of $45.78. The company has a market capitalization of $13.11 billion, a P/E ratio of 8.58, a P/E/G ratio of 8.33 and a beta of 1.68. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.16 and a current ratio of 1.62.
Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 30th. The data storage provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. Seagate Technology had a return on equity of 90.33% and a net margin of 13.73%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the company earned $1.46 EPS. Seagate Technology’s revenue for the quarter was down 17.5% on a year-over-year basis. On average, equities analysts predict that Seagate Technology will post 4.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 19th were issued a dividend of $0.63 per share. The ex-dividend date was Tuesday, June 18th. This represents a $2.52 annualized dividend and a dividend yield of 5.33%. Seagate Technology’s dividend payout ratio (DPR) is 45.74%.
In related news, Director Stephen J. Luczo sold 5,000 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $47.45, for a total transaction of $237,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Luczo sold 10,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $47.00, for a total value of $470,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 119,999 shares of company stock worth $5,876,251 over the last ninety days. Insiders own 1.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in STX. ValueAct Holdings L.P. raised its position in Seagate Technology by 3.4% in the 4th quarter. ValueAct Holdings L.P. now owns 27,295,160 shares of the data storage provider’s stock worth $1,053,320,000 after buying an additional 898,595 shares during the last quarter. FMR LLC raised its position in Seagate Technology by 2.6% in the 4th quarter. FMR LLC now owns 23,656,503 shares of the data storage provider’s stock worth $912,904,000 after buying an additional 600,068 shares during the last quarter. BlackRock Inc. raised its position in Seagate Technology by 1.1% in the 1st quarter. BlackRock Inc. now owns 19,734,970 shares of the data storage provider’s stock worth $945,106,000 after buying an additional 221,030 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Seagate Technology by 66.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,959,428 shares of the data storage provider’s stock worth $191,384,000 after buying an additional 1,977,757 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in Seagate Technology by 2.8% in the 4th quarter. Two Sigma Advisers LP now owns 4,644,248 shares of the data storage provider’s stock worth $179,222,000 after buying an additional 124,498 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.
Seagate Technology Company Profile
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.
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