Seagate Technology Holdings Plc (STX): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. The current market capitalization of Seagate Technology Holdings Plc is $21.22B. A total of 1.74 million shares were traded on the day, compared to an average of 2.37M shares.

In the most recent transaction, Conyers Yolanda Lee sold 750 shares of STX for 96.10 per share on Sep 04 ’24. After the transaction, the Director now owns 3,034 company shares. In a previous transaction on Sep 03 ’24, MOSLEY WILLIAM D sold 20,000 shares at 97.18 per share. STX shares that Chief Executive Officer owns now total 634,270.

Among the insiders who bought shares, YOLANDA CONYERS acquired of 750 shares on Sep 04 ’24 at a per-share price of $96.78. In another insider transaction, MOSLEY WILLIAM D sold 20,000 shares at $93.46 per share on Aug 07 ’24. Company shares held by the Chief Executive Officer now total 654,270.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Seagate Technology Holdings Plc pays an annual dividend of $2.80, resulting in a dividend yield of 2.78%, and it has a price to earnings (P/E) ratio of 65.98. STX’s most recent ex-dividend date was 9/23/2024 when it declared a $0.70 quarterly dividend that was paid in cash on 10/7/2024. Previously, the company paid the dividend on 7/5/2024 with an ex-dividend date of 6/20/2024. The STX stock dividend was $0.70 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, STX has a high of $113.57 and a low of $62.43.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. STX’s latest balance sheet shows that the firm has $617.00M in Cash & Short Term Investments as of fiscal 2022. There were $5.70B in debt and $3.56B in liabilities at the time. Its Book Value Per Share was -$7.09, while its Total Shareholder’s Equity was $109.00M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.85.

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