Fintel reviews that on April 21, 2023, Northland Capital Markets maintained protection of Seagate Expertise Holdings (NASDAQ:STX) with a Outperform suggestion.
Analyst Worth Forecast Suggests 20.32% Upside
As of April 6, 2023, the typical one-year worth goal for Seagate Expertise Holdings is $68.68. The forecasts vary from a low of $35.35 to a excessive of $86.10. The common worth goal represents a rise of 20.32% from its newest reported closing worth of $57.08.
See our leaderboard of corporations with the most important worth goal upside.
The projected annual income for Seagate Expertise Holdings is $7,975MM, a lower of 5.17%. The projected annual non-GAAP EPS is $1.88.
Seagate Expertise Holdings Declares $0.70 Dividend
On January 25, 2023 the corporate declared a common quarterly dividend of $0.70 per share ($2.80 annualized). Shareholders of document as of March 22, 2023 acquired the fee on April 6, 2023. Beforehand, the corporate paid $0.70 per share.
On the present share worth of $57.08 / share, the inventory’s dividend yield is 4.91%. Wanting again 5 years and taking a pattern each week, the typical dividend yield has been 4.45%, the bottom has been 2.45%, and the very best has been 6.97%. The usual deviation of yields is 1.05 (n=236).
The present dividend yield is 0.43 customary deviations above the historic common.
Moreover, 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) means 100% of the corporate’s earnings is paid in a dividend. A payout ratio higher than one means the corporate is dipping into financial savings with a view to keep its dividend – not a wholesome scenario. Firms with few progress prospects are anticipated to pay out most of their earnings in dividends, which usually means a payout ratio between 0.5 and 1.0. Firms with good progress prospects are anticipated to retain some earnings with a view to spend money on these progress prospects, which interprets to a payout ratio of zero to 0.5.
The corporate’s 3-Yr dividend progress charge is 0.08%, demonstrating that it has elevated its dividend over time.
What are Different Shareholders Doing?
Geneos Wealth Administration holds 3K shares representing 0.00% possession of the corporate. In it is prior submitting, the agency reported proudly owning 6K shares, representing a lower of 65.51%. The agency decreased its portfolio allocation in STX by 99.95% during the last quarter.
JMNAX – JPMorgan Analysis Market Impartial Fund holds 24K shares representing 0.01% possession of the corporate. In it is prior submitting, the agency reported proudly owning 30K shares, representing a lower of 26.22%. The agency elevated its portfolio allocation in STX by 7.25% during the last quarter.
SPDV – AAM S&P 500 Excessive Dividend Worth ETF holds 18K shares representing 0.01% possession of the corporate. In it is prior submitting, the agency reported proudly owning 16K shares, representing a rise of 10.73%. The agency elevated its portfolio allocation in STX by 28.83% during the last quarter.
Roberts Capital Advisors holds 5K shares representing 0.00% possession of the corporate. No change within the final quarter.
Aufman Associates holds 107K shares representing 0.05% possession of the corporate. In it is prior submitting, the agency reported proudly owning 109K shares, representing a lower of 1.40%. The agency decreased its portfolio allocation in STX by 99.91% during the last quarter.
What’s the Fund Sentiment?
There are 1250 funds or establishments reporting positions in Seagate Expertise Holdings. This is a rise of 11 proprietor(s) or 0.89% within the final quarter. Common portfolio weight of all funds devoted to STX is 0.20%, a rise of 15.63%. Complete shares owned by establishments elevated within the final three months by 3.29% to 202,426K shares. 
The put/name ratio of STX is 1.11, indicating a bearish outlook.
Seagate Expertise Holdings Background Info
(This description is offered by the corporate.)
Seagate Expertise crafts the datasphere, serving to to maximise humanity’s potential by innovating world-class, precision-engineered information storage and administration options with a concentrate on sustainable partnerships.
See all Seagate Expertise Holdings regulatory filings.
This story initially appeared on Fintel.
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