Media headlines about Seagate Technology (NASDAQ:STX) have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Seagate Technology earned a media sentiment score of -1.83 on their scale. InfoTrie also assigned media coverage about the data storage provider an news buzz score of 7 out of 10, indicating that recent news coverage is likely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have effected Seagate Technology’s ranking:
- How Well Is Seagate Poised To Tide Over Cyclical Industry Weakness? (trefis.com)
- Buy Seagate Technology (seekingalpha.com)
- Seagate and IBM Work Together to Help Reduce Global Hard Drive Counterfeiting with Blockchain Technology (finance.yahoo.com)
- Seagate Technology (STX) Price Target Cut to $51.00 (americanbankingnews.com)
- Seagate: Take Caution Ahead Of Memory Downturn (seekingalpha.com)
STX stock traded down $2.30 during midday trading on Friday, reaching $43.03. The stock had a trading volume of 7,510,500 shares, compared to its average volume of 4,044,249. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 2.34. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.69 and a beta of 1.71. Seagate Technology has a twelve month low of $36.69 and a twelve month high of $62.70.
Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Friday, November 2nd. The data storage provider reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.15. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.95 billion. Seagate Technology had a return on equity of 123.05% and a net margin of 12.57%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. Sell-side analysts predict that Seagate Technology will post 5.33 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 19th will be given a $0.63 dividend. The ex-dividend date is Tuesday, December 18th. This represents a $2.52 dividend on an annualized basis and a yield of 5.86%. Seagate Technology’s payout ratio is 45.74%.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Seagate Technology from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Goldman Sachs Group lowered Seagate Technology from a “neutral” rating to a “sell” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Thursday, August 9th. Evercore ISI lowered Seagate Technology from an “in-line” rating to an “underperform” rating and lowered their target price for the company from $55.00 to $45.00 in a research note on Tuesday, September 4th. ValuEngine lowered Seagate Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, BidaskClub lowered Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $50.91.
In other Seagate Technology news, EVP James J. Murphy sold 509 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $56.60, for a total transaction of $28,809.40. Following the transaction, the executive vice president now owns 37,693 shares in the company, valued at $2,133,423.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Valueact Capital Master Fund, bought 2,090,783 shares of Seagate Technology stock in a transaction on Monday, August 13th. The shares were bought at an average price of $50.94 per share, for a total transaction of $106,504,486.02. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 4,055,357 shares of company stock worth $209,385,069 and have sold 46,086 shares worth $2,529,660. 1.00% of the stock is currently owned by company insiders.
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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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