Are Things Looking Up For Seagate Technology Holdings plc (NASDAQ: STX)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Seagate Technology Holdings plc (STX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.10%, to $59.47. Volume reached 14,734 shares, with price reaching a high of $58.84 and a low of $58.84. Yahoo Finance discussed the stock recently as it posted CATALOG to Collaborate with Seagate to Research DNA-Based Storage and Computation.


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Stocks Info

The company is listed on the NASDAQ and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $58.84 and fluctuated between $59.45 as its day high and $58.56 as its day low. The current market capitalization of Seagate Technology Holdings plc is $12.14B. A total of 1.28 million shares were traded on the day, compared to an average of 2.07M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, STX has seen 11 BUY and 0 SELL insider trades, representing the acquisition of 72,907 and the disposition of 0 shares. Over the last 12 months, there were 34 BUYs and 36 SELLs from insiders. Insiders purchased 283,868 shares during that period but sold 4,124,668.

In the most recent transaction, LUCZO STEPHEN J sold 50,000 shares of STX for 103.26 per share on Mar 04. After the transaction, the Director now owns 225,941 company shares. In a previous transaction on Feb 22, ValueAct Holdings, L.P. sold 272,297 shares at 108.01 per share. STX shares that Director owns now total 13,437,070.

Among the insiders who sold shares, Romano Gianluca disposed of 20,495 shares on Feb 22 at a per-share price of $107.36. This resulted in the EVP & CFO holding 19,391 shares of STX after the transaction. In another insider transaction, ValueAct Holdings, L.P. sold 27,703 shares at $109.06 per share on Feb 18. Company shares held by the Director now total 13,709,367.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Seagate Technology Holdings plc pays an annual dividend of $2.80, resulting in a dividend yield of 4.76%, and it has a price to earnings (P/E) ratio of 8.02. STX’s most recent ex-dividend date was 09/20/2022 when it declared a $0.70 quarterly dividend that was paid in cash on 10/05/2022. Previously, the company paid the dividend on 07/07/2022 with an ex-dividend date of 06/23/2022. The dividend was $0.70 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for STX in the last 3 months, the mean price target is $77.14 with high estimates of $100.00 and low estimates of $45.00. In terms of 52-week highs and lows, STX has a high of $117.67 and a low of $59.22.

As of this writing, STX has an earnings estimate of $0.52 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.59 per share and a lower estimate of $0.47. The company reported an EPS of $1.41 in the last quarter, which was -18.97% lower than expectations of $1.74.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STX is Sell with a score of 3.47. A total of 7 analysts rated the stock as Buy while 1 rated it as Overweight while 17 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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