Seagate Technology

Seagate Technology decided at the annual general meeting on a dividend of $2.94 per share for 2026, totaling $634.00 million, an increase of 2.8% year-on-year. The dividend yield for 2026 is 0.36% (previous year 2.02%) and the stock is trading ex-dividend. FactSet expects an increase to $3.04 per share for 2027, which would lift the yield to around 0.48%. » Altro su finanzen.net

Seagate Technology shares surged to a 52-week high of $1,144 after being revalued as an AI infrastructure play but have pulled back to about $803. Analysts have raised fiscal 2027 EPS estimates sharply (from ~$27 to ~$36 in 90 days) while CEO Dave Mosley said nearline capacity is nearly fully allocated through 2027 and hyperscalers hold $1.1 trillion in remaining performance obligations. The bull case to reach $1,500 hinges on fiscal 2028 EPS rising toward ~$55, sustained gross margins above 50% and continued hyperscaler demand; downside risks include hyperscaler concentration, potential capex pauses, debt dilution from exchangeable notes, and geopolitical/tariff headwinds. » Altro su finance.yahoo.com

Fidelity's Dividend Growth Fund cited Seagate Technology as a top contributor after surging demand for hard-disk drives in AI-capable data centers boosted sales and pricing power. Seagate reported revenue, earnings and profitability above consensus in its latest quarter and raised guidance. The stock has rallied strongly over the past year despite a recent pullback, reflecting market optimism about AI-related storage demand. » Altro su finance.yahoo.com