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Seagate Technology (STX) Stock Price, News & Analysis

$107.24
-1.56 (-1.43%)
(As of 10/4/2024 ET)

About Seagate Technology Stock (NASDAQ:STX)

Key Stats

Today's Range
$106.36
$109.88
50-Day Range
$92.10
$110.76
52-Week Range
$64.12
$113.57
Volume
1.45 million shs
Average Volume
2.03 million shs
Market Capitalization
$22.57 billion
P/E Ratio
N/A
Dividend Yield
2.61%
Price Target
$115.94
Consensus Rating
Hold

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.

Seagate Technology Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
83rd Percentile Overall Score

STX MarketRank™: 

Seagate Technology scored higher than 83% of companies evaluated by MarketBeat, and ranked 82nd out of 351 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Seagate Technology has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 11 buy ratings, 7 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Seagate Technology has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Seagate Technology's stock forecast and price target.
  • Earnings Growth

    Earnings for Seagate Technology are expected to grow by 48.07% in the coming year, from $6.72 to $9.95 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Seagate Technology is -83.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Seagate Technology is -83.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about Seagate Technology's valuation and earnings.
  • Percentage of Shares Shorted

    5.17% 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 4.7.
  • Change versus previous month

    Short interest in Seagate Technology has recently decreased by 5.66%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Seagate Technology pays a meaningful dividend of 2.58%, 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 Sustainability

    Based on earnings estimates, Seagate Technology will have a dividend payout ratio of 28.14% next year. This indicates that Seagate Technology will be able to sustain or increase its dividend.

  • Read more about Seagate Technology's dividend.
  • Percentage of Shares Shorted

    5.17% 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 4.7.
  • Change versus previous month

    Short interest in Seagate Technology has recently decreased by 5.66%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Seagate Technology has a news sentiment score of 0.61. 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 news sentiment score is similar to the average news sentiment of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Seagate Technology this week, compared to 10 articles on an average week.
  • Search Interest

    Only 11 people have searched for STX on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.
  • MarketBeat Follows

    11 people have added Seagate Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 10% compared to the previous 30 days.
  • 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 $23,800,887.00 in company stock.

  • Percentage Held by Insiders

    Only 0.89% 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.

  • Read more about Seagate Technology's insider trading history.

STX Stock News Headlines

Financial markets news icon
MarketBeat Week in Review – 9/30 - 10/4 (STX)
A strong jobs report and a temporary settlement of the port strike lifted stocks but inflation and earnings data could set investors up for more volatility
Time to pull back the curtain for you
Today, I’m doing something I thought I’d never do… Especially since I’m not normally a “swing for the fences” type of trader. But I’ve been quietly testing a new type of trade for a while now… And the returns are too good not to share with you. Take a look… I can’t guarantee results or against losses, but if you want to discover how I’ll target the triple return before the end of the week
Dhaka, Bangladesh - 30 December 2023: Hand holding a phone with DigitalOcean. DigitalOcean Holdings, Inc. is an American multinational technology company and cloud service provider. — Stock Editorial Photography
Cloud Growth and AI: DigitalOcean's Winning Formula Explained (STX)
DigitalOcean is poised for growth with its cloud and AI services, offering scalable, cost-effective infrastructure. Learn why it’s a strong stock to watch.
Seagate sign and logo on Seagate Technology headquarters complex in Silicon Valley - Fremont, California, USA - 2019 — Stock Editorial Photography
Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
Seagate Technology Holdings plc (NASDAQ: STX) is a leading provider of consumer and enterprise data storage solutions.
Seagate Technology Stock , STX
See More Headlines

STX Stock Analysis - Frequently Asked Questions

Seagate Technology's stock was trading at $85.37 at the beginning of 2024. Since then, STX stock has increased by 25.6% and is now trading at $107.24.
View the best growth stocks for 2024 here
.

Seagate Technology Holdings plc (NASDAQ:STX) released its quarterly earnings results on Tuesday, July, 23rd. The data storage provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.29. Seagate Technology's revenue for the quarter was up 17.8% on a year-over-year basis.
Read the conference call transcript
.

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

Top institutional shareholders of Seagate Technology include Czech National Bank (0.02%), SG Americas Securities LLC (0.02%) and Park Avenue Securities LLC. Insiders that own company stock include William D Mosley, Gianluca Romano, Jeffrey D Nygaard, Katherine Schuelke, John Christopher Morris, Ban Seng Teh, Yolanda Lee Conyers, Holdings LP Valueact, Edward J Zander, Jay L Geldmacher, Stephen J Luczo, Mark Adams, Jeffrey D Fochtman and Ravi Naik.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Seagate Technology investors own include Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), AT&T (T), Western Digital (WDC), Bank of America (BAC) and NVIDIA (NVDA).

Company Calendar

Last Earnings
7/23/2024
Ex-Dividend for 10/7 Dividend
9/23/2024
Today
10/05/2024
Dividend Payable
10/07/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
Computer Hardware
Current Symbol
NASDAQ:STX
Employees
30,000
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$115.94
High Stock Price Target
$142.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
20 Analysts

Profitability

Net Income
$335 million
Pretax Margin
6.79%

Debt

Sales & Book Value

Annual Sales
$6.55 billion
Cash Flow
$1.92 per share
Book Value
($7.09) per share

Miscellaneous

Free Float
208,120,000
Market Cap
$22.52 billion
Optionable
Optionable
Beta
1.04

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This page (NASDAQ:STX) was last updated on 10/5/2024 by MarketBeat.com Staff
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