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

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

Dividend investors in Seagate Technology (NASDAQ: STX) got a little nervous today after the company maintained the $0.63/share quarterly dividend, but said it would be paid on October 5, or nearly ~4.5 months after its previous dividend was paid on May 24. Susquehanna analyst Mehdi Hosseini... 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) Tops Q4 EPS by 9c

Seagate Technology (NASDAQ: STX) reported Q4 EPS of $0.69, $0.09 better than the analyst estimate of $0.60. Revenue for the quarter came in at $2.65 billion versus the consensus estimate of $2.64 billion.

For earnings history and earnings-related data on Seagate Technology (STX) click here.