Seagate Technology Holdings experienced a 8% decline in its share price over the past month, potentially reflecting broader market concerns around economic slowdown and tariffs, as evidenced by the Dow and S&P 500 being on track for their worst week in two years. This period has seen market volatility, with the Nasdaq dropping over 1.6% amid global economic uncertainties and tech sector fluctuations. Seagate's performance could also be influenced by industry trends affecting tech stocks, as seen in declines of other major tech companies like Nvidia and Meta Platforms. Similar to Seagate, these companies faced pressure due to investor concerns over policy impacts and economic health. While Walgreens benefited from a private acquisition bump, and Broadcom surged on strong earnings, Seagate appears to have been swept into the broader tech sell-off and economic apprehensions impacting several peers in the Nasdaq.

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Over the past five years, Seagate Technology has achieved a total shareholder return of 136.73%. This impressive long-term performance contrasts with its more recent underperformance against the broader U.S. market and tech industry in the past year. A key component of Seagate's long-term return was the consistent growth in dividends, highlighted by a quarterly cash dividend affirmation of US$0.72 per share in early 2025. Over this period, significant share buyback activity also occurred, with a 33.44% reduction in shares from a buyback program initiated in November 2018, which likely contributed to the favorable share price movement.

Seagate's strategic product developments, such as the shipment of Exos M hard drives with advanced HAMR technology, have positioned the company at the forefront of data storage innovations. However, they faced legal challenges, including a class action lawsuit related to U.S. export law violations concerning Huawei sales. Despite these challenges, the company's financial maneuvers, such as securing a $1.3 billion credit facility to strengthen its liquidity, reflect a proactive approach to maintaining a strong financial standing.

• See whether Seagate Technology Holdings' current market price aligns with its intrinsic value in our detailed report
• Assess the potential risks impacting Seagate Technology Holdings' growth trajectory—explore our risk evaluation report.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqGS:STX.

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