Seagate Technology Holdings Plc (NASDAQ:STX)’s traded shares stood at 1.02 million during the latest session, with the company’s beta value hitting 1.06. At the last check today, the stock’s price was $93.09, to imply a decrease of -1.58% or -$1.49 in intraday trading. The STX share’s 52-week high remains $101.26, putting it -8.78% down since that peak but still an impressive 41.65% since price per share fell to its 52-week low of $54.32. The company has a valuation of $19.50B, with an average of 3.4 million shares in intraday trading volume over the past 10 days and average of 2.71 million shares over the past 3 months.
Seagate Technology Holdings Plc (NASDAQ:STX) trade information
After registering a -1.58% downside in the latest session, Seagate Technology Holdings Plc (STX) has traded red over the past five days. The stock hit a weekly high of 97.95, dropping -1.58% in its intraday price action. The 5-day price performance for the stock is 5.25%, and 1.62% over 30 days. With these gigs, the year-to-date price performance is 9.04%. Short interest in Seagate Technology Holdings Plc (NASDAQ:STX) saw shorts transact 9.41 million shares and set a 3.16 days time to cover.
Seagate Technology Holdings Plc (STX) estimates and forecasts
Looking at statistics comparing Seagate Technology Holdings Plc share performance against respective industry, we note that the company has outperformed competitors. Seagate Technology Holdings Plc (STX) shares are 44.80% up over the last 6 months, with its year-to-date growth rate higher than industry average at 178.95% against 17.50%. Revenue is forecast to grow 196.40% this quarter before jumping 411.10% for the next one. The rating firms project that company’s revenue will shrink -12.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 17 analysts is $1.66 billion. Meanwhile, for the quarter ending Jun 2024, a total of 17 analyst(s) estimate revenue growth to $1.83 billion.
STX Dividends
Seagate Technology Holdings Plc has its next earnings report out between April 18 and April 22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Seagate Technology Holdings Plc has a forward dividend ratio of 2.80, with the share yield ticking at 3.01% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Seagate Technology Holdings Plc (NASDAQ:STX)’s Major holders
Seagate Technology Holdings Plc insiders hold 0.54% of total outstanding shares, with institutional holders owning 93.51% of the shares at 94.02% float percentage. In total, 93.51% institutions holds shares in the company, led by Vanguard Group Inc. As of Dec 30, 2023, the company held over 24.01 million shares (or 11.46% of shares), all amounting to roughly $2.24 billion.
The next major institution holding the largest number of shares is JP Morgan Chase & Company with 17.95 million shares, or about 8.57% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $1.67 billion.
We also have Vanguard Total Stock Market Index Fund and Capital Income Builder, Inc. as the top two Mutual Funds with the largest holdings of the Seagate Technology Holdings Plc (STX) shares. Going by data provided on Dec 30, 2023, Vanguard Total Stock Market Index Fund holds roughly 6.26 million shares. This is just over 2.99% of the total shares, with a market valuation of $583.82 million. Data from the same date shows that the other fund manager holds a little less at 5.36 million, or 2.56% of the shares, all valued at about 499.32 million.
