Seagate Technology (STX) Stock Price, News & Analysis

Company Overview

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie brand name; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.

Key Stats

• Today's Range: $99.17 to $100.66
• 50-Day Range: $96.79 to $112.64
• 52-Week Range: $75.64 to $115.32
• Volume: 2.68 million shs
• Average Volume: 2.47 million shs
• Market Capitalization: $21.07 billion
• P/E Ratio: 26.01
• Dividend Yield: 2.89%
• Price Target: $118.83
• Consensus Rating: Hold

Seagate Technology Stock Analysis - MarketRank™

Seagate Technology scored higher than 91% of companies evaluated by MarketBeat, and ranked 93rd out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Seagate Technology has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 11 buy ratings, 6 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Seagate Technology has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 50.28%

Earnings Growth

Earnings for Seagate Technology are expected to grow by 50.28% in the coming year, from $7.18 to $10.79 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Seagate Technology is 26.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.57.

Price to Earnings Ratio vs. Sector

The P/E ratio of Seagate Technology is 26.01, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 249.69.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.52% of the float of Seagate Technology has been sold short.

Short Interest Ratio / Days to Cover

Seagate Technology has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in Seagate Technology has recently increased by 6.42%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Seagate Technology pays a meaningful dividend of 2.86%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Seagate Technology does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Seagate Technology is 75.20%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Seagate Technology will have a dividend payout ratio of 26.69% next year. This indicates that Seagate Technology will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -2.09

Percentage of Shares Shorted

5.52% of the float of Seagate Technology has been sold short.

Short Interest Ratio / Days to Cover

Seagate Technology has a short interest ratio ("days to cover") of 5.5.

Change versus previous month

Short interest in Seagate Technology has recently increased by 6.42%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.09

News Sentiment

Seagate Technology has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Seagate Technology this week, compared to 10 articles on an average week.

Search Interest

Only 20 people have searched for STX on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.

MarketBeat Follows

Only 7 people have added Seagate Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Seagate Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $21,892,856.00 in company stock.

Percentage Held by Insiders

Only 0.81% of the stock of Seagate Technology is held by insiders.

Percentage Held by Institutions

92.87% of the stock of Seagate Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

STX Stock Analysis - Frequently Asked Questions

How have STX shares performed this year?

Seagate Technology's stock was trading at $85.37 at the beginning of 2024. Since then, STX shares have increased by 16.7% and is now trading at $99.62.
View the best growth stocks for 2024 here.

How were Seagate Technology's earnings last quarter?

Seagate Technology Holdings plc (NASDAQ:STX) posted its quarterly earnings results on Tuesday, October, 22nd. The data storage provider reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.28. Seagate Technology's revenue for the quarter was up 49.1% compared to the same quarter last year.
Read the conference call transcript.

Does Seagate Technology have any subsidiaries?

Seagate Technology subsidiaries include Lyve Minds Inc, Dot Hill Systems, EVault Inc, SandForce, Xyratex Ltd, LaCie, Samsung - Hard Disk Drive Business, and others.

Who are Seagate Technology's major shareholders?

Top institutional shareholders of Seagate Technology include Sanders Capital LLC (7.74%), State Street Corp (4.02%), FMR LLC (4.01%) and Geode Capital Management LLC (1.97%). Insiders that own company stock include William D Mosley, Gianluca Romano, Jeffrey D Nygaard, Katherine Schuelke, Ban Seng Teh, John Christopher Morris, Yolanda Lee Conyers, Jay L Geldmacher, Holdings LP Valueact, Edward J Zander, Kian Fatt Chong, Mark Adams and Stephen J Luczo.
View institutional ownership trends.

How do I buy shares of Seagate Technology?

Shares of STX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Seagate Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Seagate Technology investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ) and Netflix (NFLX).

Company Calendar

• Ex-Dividend for 10/7 Dividend: 9/23/2024
• Dividend Payable: 10/07/2024
• Last Earnings: 10/22/2024
• Today: 11/23/2024
• Ex-Dividend for 1/6 Dividend: 12/13/2024
• Dividend Payable: 1/06/2025
• Next Earnings (Estimated): 1/22/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Computer storage devices
• Sub-Industry: Computer Hardware
• Current Symbol: NASDAQ:STX
• CUSIP: N/A
• CIK: 1137789
• Web: www.seagate.com
• Phone: (531) 234-3136
• Fax: 353-1661-2040
• Employees: 30,000
• Year Founded: 1979

Price Target and Rating

• Average Stock Price Target: $118.83
• High Stock Price Target: $150.00
• Low Stock Price Target: $65.00
• Potential Upside/Downside: +19.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.47
• Research Coverage: 19 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.83
• Trailing P/E Ratio: 26.01
• Forward P/E Ratio: 13.87
• P/E Growth: N/A
• Net Income: $335 million
• Net Margins: 11.34%
• Pretax Margin: 12.50%
• Return on Equity: -32.19%
• Return on Assets: 6.98%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.14
• Quick Ratio: 0.70

Sales & Book Value

• Annual Sales: $7.27 billion
• Price / Sales: 2.90
• Cash Flow: $1.98 per share
• Price / Cash Flow: 50.26
• Book Value: ($6.15) per share
• Price / Book: -16.20

Miscellaneous

• Outstanding Shares: 211,530,000
• Free Float: 209,817,000
• Market Cap: $21.07 billion
• Optionable: Optionable
• Beta: 1.05