Seagate Technology PLC (NASDAQ:STX) declared a quarterly dividend on Friday, January 29th, Market Beat Ratings reports. Shareholders of record on Tuesday, February 9th will be given a dividend of 0.63 per share by the data storage provider on Tuesday, February 23rd. This represents a $2.52 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Friday, February 5th.

Seagate Technology PLC (NASDAQ:STX) opened at 29.05 on Friday. The company has a market cap of $8.69 billion and a price-to-earnings ratio of 6.75. The company’s 50-day moving average is $32.75 and its 200-day moving average is $41.30. Seagate Technology PLC has a 12 month low of $26.25 and a 12 month high of $63.39.

Seagate Technology PLC (NASDAQ:STX) last posted its earnings results on Friday, January 29th. The data storage provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.96 billion. On average, equities research analysts anticipate that Seagate Technology PLC will post $2.82 earnings per share for the current year.

In related news, CFO David H. Morton, Jr. sold 3,178 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $38.94, for a total transaction of $123,751.32. Following the completion of the sale, the chief financial officer now directly owns 25,505 shares of the company’s stock, valued at approximately $993,164.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Several research firms have commented on STX. Citigroup Inc. assumed coverage on shares of Seagate Technology PLC in a research note on Wednesday. They set a “sell” rating and a $23.00 target price on the stock. Mizuho lowered their price objective on shares of Seagate Technology PLC from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 19th. RBC Capital lowered their price objective on shares of Seagate Technology PLC from $47.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 15th. Barclays lowered their price objective on shares of Seagate Technology PLC from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Seagate Technology PLC in a research note on Wednesday, January 13th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Seagate Technology PLC currently has a consensus rating of “Hold” and an average price target of $46.04.

Seagate Technology plc (NASDAQ:STX) is a provider of electronic data storage products. The Company’s products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers. The Company’s products are designed for enterprise servers and storage systems for applications, client compute applications and client non-compute applications. The Company’s product and solution portfolio for the enterprise data storage industry includes storage enclosures, integrated application platforms and high performance computing (HPC) data storage solutions. Its data storage services provide online backup, data protection and recovery solutions for small to medium-sized businesses. Its products include Enterprise Performance HDDs, Mobile HDDs and SSHDs, NAS HDDs, and Surveillance HDDs, among others.

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