Seagate Technology PLC (NASDAQ:STX) declared a quarterly dividend on Monday, October 23rd, RTT News reports. Shareholders of record on Wednesday, December 20th will be given 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 dividend yield of 7.21%.

Seagate Technology PLC (NASDAQ STX) opened at 40.4204 on Monday. Seagate Technology PLC has a 12-month low of $30.60 and a 12-month high of $50.96. The firm has a 50 day moving average of $33.27 and a 200 day moving average of $38.26. The firm has a market capitalization of $11.63 billion, a P/E ratio of 15.6668 and a beta of 1.72.

Seagate Technology PLC (NASDAQ:STX) last released its earnings results on Monday, October 23rd. The data storage provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. Seagate Technology PLC had a return on equity of 81.87% and a net margin of 7.17%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the business posted $0.99 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. On average, analysts forecast that Seagate Technology PLC will post $3.63 EPS for the current fiscal year.

Several research firms recently issued reports on STX. Jefferies Group LLC set a $29.00 target price on Seagate Technology PLC and gave the stock a “hold” rating in a research report on Sunday, October 15th. Cowen and Company restated a “hold” rating and set a $36.00 price target on shares of Seagate Technology PLC in a report on Friday, October 13th. Zacks Investment Research upgraded Seagate Technology PLC from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird restated a “neutral” rating and set a $38.00 price target (down previously from $45.00) on shares of Seagate Technology PLC in a report on Wednesday, July 26th. Finally, Morgan Stanley restated an “equal weight” rating and set a $37.00 price target (down previously from $40.00) on shares of Seagate Technology PLC in a report on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Seagate Technology PLC has an average rating of “Hold” and an average target price of $40.70.

In other news, insider Philip G. Brace purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were acquired at an average price of $33.34 per share, for a total transaction of $33,340.00. Following the purchase, the insider now owns 62,855 shares in the company, valued at $2,095,585.70. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by insiders.

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Seagate Technology PLC 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 PLC (NASDAQ:STX)

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