A series of important updates have emerged relating to Seagate Technology Holdings Plc (NASDAQ:STX). New significant investments have been made in Seagate by Benjamin Edwards Inc., Safe Harbor Fiduciary, and Strategy Asset Managers among others cementing it as one of the top affordable tech stocks according to analysts. High profile investors such as Stan Druckenmiller are also reported to be betting on Seagate. However, the company's stock performance has been mixed, outperforming competitors on strong trading days, yet also showing periods of underperformance. Moreover, CEO William Mosley sold 20,000 shares of STX, and Alerus Financial and other investors have reduced their holdings. Despite this, the company's Q1 earnings and revenues beat estimates and the company shows a strong revenue growth rate over the past three years. Yet, the stock price fell 3.93% on Dec 3 but rose 2.71% on an unspecified date. Lastly, Seagate recently announced its participation in upcoming investor events and declared a $0.70 dividend per share. On the downside, the company also noted a decline in earnings over the last five years, clouding the overall promising outlook.
Seagate Technology Holdings Plcs STX News Analytics from Tue, 11 Jul 2023 07:00:00 GMT to Sat, 07 Dec 2024 10:04:23 GMT - Rating -2 - Innovation 0 - Information 6 - Rumor -3
