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Saturday, June 3, 2023

Insights Into Seagate Technology Holdings plc (STX) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Seagate Technology Holdings plc (STX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -0.09%, to $56.80. The Seagate Technology Holdings plc has recorded 103,956 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Seagate Transitions More Operations to Renewable Energy and Ramps Circularity Program Returning Nearly One Million Drives to Service.

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Stocks Info

Seagate Technology Holdings plc is listed on the NASDAQ in the Technology sector while operating in the Computer Hardware industry. At the end of the last regular session, the stock closed at $56.85 and fluctuated between $58.63 as its day high and $56.74 as its day low. The current market capitalization of Seagate Technology Holdings plc is $11.37B. A total of 1.88 million shares were traded on the day, compared to an average of 2.36M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, STX has seen 2 BUY and 4 SELL insider trades, representing the acquisition of 32,767 and the disposition of 18,344 shares. Over the last 12 months, there were 53 BUYs and 51 SELLs from insiders. Insiders purchased 471,514 shares during that period but sold 229,647.

In the most recent transaction, Nygaard Jeffrey D. sold 36,809 shares of STX for 69.14 per share on Feb 01. After the transaction, the EVP, Operations and Technology now owns 30,360 company shares.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Seagate Technology Holdings plc pays an annual dividend of $2.80, resulting in a dividend yield of 4.93%, and it has a price to earnings (P/E) ratio of 20.28. STX’s most recent ex-dividend date was 6/20/2023 when it declared a $0.70 quarterly dividend that was paid in cash on 7/5/2023. Previously, the company paid the dividend on 4/6/2023 with an ex-dividend date of 3/21/2023. The STX stock dividend was $0.70 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for STX in the last 3 months, the mean price target is $62.50 with high estimates of $72.00 and low estimates of $32.00. In terms of 52-week highs and lows, STX has a high of $88.25 and a low of $47.47.

As of this writing, STX has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.3. The company reported an EPS of $0.16 in the last quarter, which was 60.00% higher than expectations of $0.1.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. STX’s latest balance sheet shows that the firm has $615.00M in Cash & Short Term Investments as of fiscal 2022. There were $5.65B in debt and $3.56B in liabilities at the time. Its Book Value Per Share was -$2.28, while its Total Shareholder’s Equity was $109.00M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 25 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 3.74. A total of 8 analysts rated the stock as Buy while 2 rated it as Overweight while 13 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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