Seagate Technology Holdings PLC to Issue Quarterly Dividend of $0.74 (NASDAQ:STX)

Key Points

• Seagate announced a quarterly dividend of $0.74 per share, payable July 7 to shareholders of record June 24, implying a $2.96 annualized payout and a yield of about 0.4%.
• Seagate beat expectations in the quarter, reporting EPS of $4.10 versus $3.47 est. and revenue of $3.11B (up 44.1% YoY), and set Q4 2026 guidance of $4.80–$5.20 EPS.
• Insiders sold roughly 111,550 shares (~$46.5M) in the last 90 days while corporate insiders own 0.79% of shares and institutional investors hold about 92.9%.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Wednesday, June 24th will be paid a dividend of 0.74 per share by the data storage provider on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, June 24th.

Seagate Technology has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Seagate Technology has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Seagate Technology to earn $19.19 per share next year, which means the company should continue to be able to cover its $2.96 annual dividend with an expected future payout ratio of 15.4%.

Seagate Technology Trading Up 16.1%

STX opened at $672.05 on Wednesday. The firm's fifty day moving average is $444.55 and its two-hundred day moving average is $351.81. The firm has a market cap of $146.56 billion, a PE ratio of 75.67, a price-to-earnings-growth ratio of 0.99 and a beta of 1.61. Seagate Technology has a twelve month low of $85.47 and a twelve month high of $693.70. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.63. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business earned $1.90 EPS. The firm's revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts anticipate that Seagate Technology will post 12.13 EPS for the current year.

Insider Buying and Selling at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the company's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director directly owned 223 shares of the company's stock, valued at $99,908.46. This trade represents a 80.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 111,550 shares of company stock valued at $46,476,441. Corporate insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On Seagate Technology

Hedge funds have recently bought and sold shares of the company. Canvas Wealth Advisors LLC bought a new position in Seagate Technology during the first quarter worth about $244,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in Seagate Technology in the 1st quarter valued at $248,000. Kathmere Capital Management LLC lifted its holdings in Seagate Technology by 47.6% during the 1st quarter. Kathmere Capital Management LLC now owns 3,451 shares of the data storage provider's stock valued at $1,352,000 after purchasing an additional 1,113 shares during the last quarter. Abel Hall LLC increased its holdings in shares of Seagate Technology by 11.3% in the first quarter. Abel Hall LLC now owns 988 shares of the data storage provider's stock valued at $387,000 after purchasing an additional 100 shares during the last quarter. Finally, DGS Capital Management LLC increased its holdings in shares of Seagate Technology by 52.0% in the first quarter. DGS Capital Management LLC now owns 2,052 shares of the data storage provider's stock valued at $804,000 after purchasing an additional 702 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

About Seagate Technology

Seagate Technology NASDAQ: STX is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm's product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate's products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.

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