Seagate Tech and Synaptics Electrify Shareholders at 52-Week Highs Jan 27th

Seagate Technology. (NASDAQ:STX): Seagate Technology announced that its Board of Directors has approved an increase to its quarterly cash dividend from 18c per share to 25c per share, an increase of 39%. The increase is effective with the dividend payable on March 1 to shareholders of record as of the close of business on February 15. The shares closed at $20.77, up $0.97 or 4.9% on the day. They have traded in a 52-week range of $9.05 to $20.09.

Synaptics Inc. (NASDAQ:SYNA): Sterne Agee downgraded Synaptix based on valuation and concerns regarding 2012 guidance. Note that Needham upgraded shares this morning. The shares closed at $36.98, up $2.64 or 7.69% on the day. They have traded in a 52-week range of $21.97 to $34.94.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com