The recent news on Seagate Technology Holdings Plcs (NASDAQ:STX) shows a mixture of ups and downs. Beacon Pointe Advisors LLC, Clearbridge Investments LLC, Dimensional Fund Advisors LP, Truist Financial Corp, Spire Wealth Management, and DekaBank Deutsche Girozentrale reduced their stakes in STX. ING Groep NV, Quadrant Capital Group LLC, Principal Securities Inc., Mitsubishi UFJ Asset Management Co. Ltd., Versor Investments LP, and Charles Schwab Investment Management Inc., on the other hand, increased their holdings. STX had several days where it outperformed its competitors on strong trading days, but also endured days that underperformed when compared to competitors. Seagate's 3rd and 2nd quarter earnings in 2024 were mixed, beating EPS estimates but missing revenues estimates. The company also affirmed its dividend of $0.70. One noteworthy event was STX being upgraded due to its AI potential. It launched Mozaic 3+, powered by HAMR technology which had a hiccup causing maintained ratings from analysts. However, concerns remain about STX share's overvaluation, with the intrinsic value potentially 25% below its share price.
Seagate Technology Holdings Plcs STX News Analytics from Fri, 28 Jul 2023 07:00:00 GMT to Thu, 23 May 2024 16:46:03 GMT - Rating 1 - Innovation -5 - Information 6 - Rumor -6
