Seagate (STX) Falls 4.56% on Profit-Taking

Group 1 - Seagate Technology Holdings plc (NASDAQ:STX) experienced a share price decline of 4.56% to close at $282.85 due to profit-taking after two days of gains [1] - Investor sentiment was negatively impacted by a former hedge fund manager's comments regarding the company's growth potential, stating it is not a growth company despite recent gains [2] - The company announced a quarterly dividend of $0.74, with an ex-dividend date of December 24, 2025, and payment scheduled for January 9, 2026 [2] Group 2 - In the third quarter, Seagate reported a significant net income increase of 80%, rising to $549 million from $305 million year-on-year, while revenues grew by 21% to $2.6 billion from $2.17 billion [3] - The CEO of Seagate highlighted the company's strong positioning for profitable growth, attributing this to the transformative impact of AI on data consumption and storage [4]