Seagate Technology (STX) Stock Forecast, Price & News

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 2 sell ratings, 13 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STX, but not buy additional shares or sell existing shares.
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25 Wall Street analysts have issued 1 year price targets for Seagate Technology's shares. Their STX share price forecasts range from $32.00 to $97.00. On average, they anticipate the company's share price to reach $66.00 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
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Seagate Technology's stock was trading at $52.61 at the beginning of the year. Since then, STX shares have increased by 18.3% and is now trading at $62.24.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
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Seagate Technology Holdings plc (NASDAQ:STX) announced its earnings results on Thursday, April, 20th. The data storage provider reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.49. The data storage provider had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.98 billion. Seagate Technology had a negative net margin of 1.91% and a negative trailing twelve-month return on equity of 69.08%. The company's revenue was down 33.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share.
Read the conference call transcript.

Seagate Technology declared a quarterly dividend on Thursday, April 20th. Stockholders of record on Wednesday, June 21st will be given a dividend of $0.70 per share on Wednesday, July 5th. This represents a $2.80 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Tuesday, June 20th.
Read our dividend analysis for STX.

ETFs with the largest weight of Seagate Technology (NASDAQ:STX) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), LeaderShares Activist Leaders ETF (ACTV), US Equity Dividend Select ETF (RNDV), Invesco S&P Ultra Dividend Revenue ETF (RDIV), Fidelity Cloud Computing ETF (FCLD), AAM S&P 500 High Dividend Value ETF (SPDV), ALPS Sector Dividend Dogs ETF (SDOG) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD).

Seagate Technology (NASDAQ:STX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 4.66%. STX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for STX.

Seagate Technology issued an update on its fourth quarter 2023 earnings guidance on Thursday, April, 20th. The company provided earnings per share guidance of -$0.40-0 for the period, compared to the consensus EPS estimate of $0.53. The company issued revenue guidance of $1.55 billion-$1.85 billion, compared to the consensus revenue estimate of $2.06 billion.

246 employees have rated Seagate Technology Chief Executive Officer Dave Mosley on Glassdoor.com. Dave Mosley has an approval rating of 68% among the company's employees.

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

Seagate Technology trades on the NASDAQ under the ticker symbol "STX."

Seagate Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.56%), JPMorgan Chase & Co. (7.40%), Sanders Capital LLC (6.95%), FMR LLC (4.96%), State Street Corp (4.53%) and Clearbridge Investments LLC (2.08%). Insiders that own company stock include Ban Seng Teh, Edward J Zander, Gianluca Romano, Holdings LP Valueact, Jay L Geldmacher, Jeffrey D Fochtman, Jeffrey D Nygaard, Katherine Schuelke, Mark Adams, Ravi Naik, Stephanie Tilenius, Stephen J Luczo, Valueact Capital Master Fund, and William D Mosley.
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Shares of STX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STX stock can currently be purchased for approximately $62.24.

Seagate Technology (NASDAQ:STX) has a market capitalization of $12.85 billion and generates $11.66 billion in revenue each year. The data storage provider earns $1.65 billion in net income (profit) each year or ($0.84) on an earnings per share basis.

The company employs 40,000 workers across the globe.

Seagate Technology's mailing address is 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53. The official website for the company is www.seagate.com. The data storage provider can be reached via phone at (531) 234-3136, via email at stx@seagate.com, or via fax at 353-1661-2040.