Northland Capital Markets Maintains Seagate Expertise Holdings (STX) Outperform Advice - thqaftqlm

Northland Capital Markets Maintains Seagate Expertise Holdings (STX) Outperform Advice

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. STX / Seagate Technology Holdings Plc Put/Call Ratios 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.

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

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