Barclays maintains obese Seagate Expertise Holdings (STX) suggestions

Ventel reported that on April 21, 2023, Barclays maintained Protection of Seagate Expertise Holdings (NASDAQ: STX) with a obese suggestion.

Analyst value predictions are for an increase of 20.32%

As of April 6, 2023, one 12 months common value goal For Seagate Expertise Holdings, it is $68.68. Forecasts vary from $35.35 to $86.10. The common value goal represents a rise of 20.32% from the final reported closing value of $57.08.

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Seagate Expertise Holdings’ projected annual income is $7,975 million, a lower of 5.17%. Non-GAAP projected annual EPS $1.88.

Seagate Expertise Holdings pronounces a dividend of $0.70

On January 25, 2023, the corporate introduced A Common quarterly dividends $0.70 per share ($2.80 yearly). Shareholders of report as of March 22, 2023 acquired cost on April 6, 2023. Beforehand, the corporate paid $0.70 per share.

On the present share value of $57.08/share, the EPS is 4.91%. Trying again over 5 years and sampling every week, the typical dividend yield was 4.45%, the bottom was 2.45%, and the very best was 6.97%. The usual deviation of the returns is 1.05 (n = 236).

The present dividend yield is 0.43 customary deviations above the historic common.

As well as, the corporate’s dividend payout ratio is -3.59. The payout ratio tells us how a lot of an organization’s earnings is paid out in dividends. A payout ratio of 1 (1.0) signifies that 100% of the corporate’s earnings is paid out within the type of dividends. A payout ratio larger than one signifies that the corporate is indulging in financial savings as a way to preserve its earnings — not a wholesome state of affairs. Corporations with little progress potential are anticipated to pay out most of their earnings within the type of dividends, which usually means a payout ratio between 0.5 and 1.0. Corporations with good progress prospects are anticipated to retain some earnings as a way to spend money on these progress prospects, which interprets to a payout fee of zero to 0.5.

The corporate’s 3-year earnings progress fee is 0.08%, which signifies that it has elevated its earnings over time.

What do different shareholders do?

Stx/Seagate Technology Holdings Plc Owned By The Institutions

TDIV – First Belief NASDAQ Expertise Dividend Index Fund She owns 263 thousand shares representing 0.13% possession of the corporate. Within the advance submitting, the corporate reported holding 215,000 shares, represented by extra from 18.13%. an organization extra Its portfolio allocation in STX elevated by 13.21% over the past quarter.

CUHAX – Victory US 500 Enhanced Volatility Index Fund Wtd She owns 1,000 shares representing 0.00% possession of the corporate. Within the prior submitting, the corporate reported holding 0K shares, represented extra from 72.61%. an organization extra Its portfolio allocation in STX elevated by 282.12% over the past quarter.

Vestmark Consulting Options She owns 31 thousand shares representing 0.02% possession of the corporate. Within the advance submitting, the corporate reported holding 28,000 shares, representing extra 10.14%. an organization dropped Allocation of its portfolio in STX elevated by 99.90% over the past quarter.

American Capital Wealth Advisors She owns 13 thousand shares representing 0.01% possession of the corporate. No change within the final quarter.

IVW – iShares S&P 500 Progress ETF She owns 259,000 shares, representing 0.13% of the corporate’s possession. Within the advance submitting, the corporate reported holding 264,000 shares drop 1.73%. an organization dropped Its portfolio allocation in STX elevated by 23.65% over the newest quarter.

What’s fund sentiment?

there 1250 funds or basis reviews positions At Seagate Expertise Holdings. That is a rise of 11 proprietor(s), or 0.89%, final quarter. The common weight of the pockets From all of the containers Allotted to STX is 0.20%, up 15.63%. The overall shares owned by establishments prior to now three months elevated by 3.29% to 202,426 thousand shares. Stx / Seagate Technology Holdings Plc Put / Call Ratios the Place/Ratio name of STX is 1.11, which signifies a bearish outlook.

Background data from Seagate Expertise Holdings
(This description is offered by the corporate.)

Seagate Expertise pioneers knowledge, serving to to maximise humanity’s potential by innovating precision-engineered, world-class knowledge storage and administration options with a deal with sustainable partnerships.

See all Seagate Expertise Holdings Regulatory filings.

This story initially appeared Ventel.

The views and opinions expressed herein are these of the creator and don’t essentially mirror the views and opinions of Nasdaq, Inc.