Seagate Technology (STX) Investors Nervous as Company Extends Dividend Payment Cycle

Cowen Sees Limited Upside in Seagate (STX) Following Q4 Report; Boosts PT to $32

Cowen and Company moved its price target on Market Perform-rated Seagate Technology (NASDAQ: STX) from $26 up to $32 after Seagate reported Q4 results.

Analyst Karl Ackerman commented today, The company reported a beat and raise, but there are several issues that are concerning post the call. The companys current restructuring actions and guidance
imply... More

Seagate Technology (STX) PT Raised to $31 at BMO Capital

BMO Capital analyst Tim Long raised his price target on Seagate Technology (NASDAQ: STX) to $31.00 (from $22.00) following results that were in line with the positive pre-announcement, as well as strong guidance. The firm maintained a Market Perform rating.

Long commented, "Gross margin... More

Seagate (STX) PT Raised to $39 at Needham & Company Amid 'Strong' Q4 and Guide; Sees Better Times Ahead

Needham & Company analyst Richard Kugele reiterated a Strong Buy rating and boosted his price target to $39 (from $33) on Seagate Technology (NASDAQ: STX) following "strong" Q4 results and guidance. The analyst sees better times ahead driven by the cloud.

Kugele commented,... More

Seagate Technology (STX) PT Raised to $31 at RBC Capital; 'Sector Perform' Maintained

RBC Capital analyst Amit Daryanani raised his price target on Seagate Technology (NASDAQ: STX) to $31.00 (from $27.00) following "impressive" Q4 results at $2.65B/ $0.69 versus consensus of $2.61B/$053, but maintained an Sector Perform rating.

Daryanani commented, "STX reported an impressive June-qtr vs. expectations and guided Sept-qtr... More

Seagate Technology (STX) PT Upped to $31 at Mizuho, Remains Sidelined

Mizuho Securities analyst Vijay Rakesh raised his price target on Seagate Technology (NASDAQ: STX) to $31.00 (from $23.00) but maintained a Neutral rating following Q4 results which were in-line with its positive pre-announcement. Meanwhile, the SepQ top line was guided up, and GM... More

Seagate Technology (STX) Maintains, Declares $0.63 Quarterly Dividend; 8.3% Yield

With earnings earlier, Seagate Technology (NASDAQ: STX) declared a quarterly dividend of $0.63 per share, or $2.52 annualized.

The dividend will be payable on October 5, 2016, to stockholders of record on September 21, 2016, with an ex-dividend date of September 19, 2016.

The annual yield on the dividend is 8.3... More