NASDAQ:STX

Seagate Technology Stock Forecast, Price & News

$96.77
-0.69 (-0.71 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$96.02
$99.35
50-Day Range
$78.72
$104.23
52-Week Range
$43.53
$106.22
Volume2.32 million shs
Average Volume3.63 million shs
Market Capitalization$22.15 billion
P/E Ratio24.13
Dividend Yield2.75%
Beta1.14
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About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI, and non-volatile memory express products; solid state hybrid drives; and storage subsystems. Its products are used in enterprise servers and storage systems; and edge compute and non-compute applications. The company also provides enterprise data solutions portfolio comprising storage subsystems and mass capacity optimized private cloud storage solutions for enterprises, cloud service providers, and scale-out storage servers and original equipment manufacturers (OEMs). In addition, it offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 16TB. Seagate Technology Holdings plc sells its products primarily to OEMs, distributors, and retailers. The company was founded in 1978 and is based in Dublin, Ireland.

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MarketRank

Overall MarketRank

2.35 out of 5 stars

Computer And Technology Sector

26th out of 1,583 stocks

Computer Storage Devices Industry

1st out of 7 stocks

Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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Seagate Technology (NASDAQ:STX) Frequently Asked Questions

Is Seagate Technology a buy right now?

25 Wall Street 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 research analysts is that investors should "hold" Seagate Technology stock. 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.
View analyst ratings for Seagate Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Seagate Technology?

Wall Street analysts have given Seagate Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Seagate Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Seagate Technology?

Seagate Technology saw a drop in short interest in May. As of May 28th, there was short interest totaling 8,680,000 shares, a drop of 19.1% from the May 13th total of 10,730,000 shares. Based on an average daily trading volume, of 3,380,000 shares, the short-interest ratio is presently 2.6 days. Approximately 3.8% of the shares of the company are short sold.
View Seagate Technology's Short Interest
.

When is Seagate Technology's next earnings date?

Seagate Technology is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Seagate Technology
.

How were Seagate Technology's earnings last quarter?

Seagate Technology Holdings plc (NASDAQ:STX) issued its quarterly earnings results on Thursday, April, 22nd. The data storage provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.30. The data storage provider earned $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. Seagate Technology had a net margin of 9.80% and a trailing twelve-month return on equity of 88.26%. The company's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS.
View Seagate Technology's earnings history
.

How has Seagate Technology's stock price been impacted by Coronavirus?

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, STX stock has increased by 113.6% and is now trading at $96.77.
View which stocks have been most impacted by COVID-19
.

How often does Seagate Technology pay dividends? What is the dividend yield for Seagate Technology?

Seagate Technology declared a quarterly dividend on Thursday, April 22nd. Investors of record on Wednesday, May 12th will be paid a dividend of $0.67 per share on Wednesday, July 7th. This represents a $2.68 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, May 11th.
View Seagate Technology's dividend history
.

Is Seagate Technology a good dividend stock?

Seagate Technology pays an annual dividend of $2.68 per share and currently has a dividend yield of 2.75%. Seagate Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Seagate Technology is 58.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Seagate Technology will have a dividend payout ratio of 43.37% next year. This indicates that Seagate Technology will be able to sustain or increase its dividend.
View Seagate Technology's dividend history.

What guidance has Seagate Technology issued on next quarter's earnings?

Seagate Technology issued an update on its fourth quarter 2021 earnings guidance on Tuesday, June, 8th. The company provided EPS guidance of $1.700-2.000 for the period. The company issued revenue guidance of $2.80 billion-3.10 billion, compared to the consensus revenue estimate of $2.87 billion.

What price target have analysts set for STX?

25 equities research analysts have issued 1-year price objectives for Seagate Technology's stock. Their forecasts range from $45.00 to $120.00. On average, they anticipate Seagate Technology's share price to reach $84.91 in the next year. This suggests that the stock has a possible downside of 12.3%.
View analysts' price targets for Seagate Technology
or view top-rated stocks among Wall Street analysts.

Who are Seagate Technology's key executives?

Seagate Technology's management team includes the following people:
  • Dr. William David Mosley, CEO & Director (Age 54, Pay $2.49M)
  • Mr. Gianluca Romano, Exec. VP of Fin. & CFO (Age 51, Pay $1.22M) (LinkedIn Profile)
  • Mr. Jeffrey David Nygaard, Exec. VP and Head of Operations, Products & Technology (Age 56, Pay $1.38M) (LinkedIn Profile)
  • Ms. Katherine E. Schuelke, Sr. VP, Chief Legal Officer & Company Sec. (Age 58, Pay $820.58k) (LinkedIn Profile)
  • Mr. Ban Seng Teh, Sr. VP of Global Sales & Sales Operations (Age 54, Pay $645.73k) (LinkedIn Profile)
  • Dr. John Morris, Sr. VP & CTO (LinkedIn Profile)
  • Mr. Ravi Naik, Chief Information Officer (LinkedIn Profile)
  • Ms. Shanye Hudson, VP of Investor Relations
  • Mr. Matt Rutledge, Sr. VP of Corp. Devel. & Strategy
  • Mr. Jeffrey D. Fochtman, Sr. VP of Bus. & Marketing (Age 46) (LinkedIn Profile)

What is Dave Mosley's approval rating as Seagate Technology's CEO?

246 employees have rated Seagate Technology CEO Dave Mosley on Glassdoor.com. Dave Mosley has an approval rating of 68% among Seagate Technology's employees.

Who are some of Seagate Technology's key competitors?

What other stocks do shareholders of Seagate Technology own?

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).

What is Seagate Technology's stock symbol?

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

Who are Seagate Technology's major shareholders?

Seagate Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ValueAct Holdings L.P. (10.05%), BlackRock Inc. (6.58%), Clearbridge Investments LLC (5.21%), JPMorgan Chase & Co. (4.70%), LSV Asset Management (2.46%) and Geode Capital Management LLC (1.34%). Company insiders that own Seagate Technology stock include Ban Seng Teh, Edward J Zander, Holdings LP Valueact, James J Murphy, Jay L Geldmacher, Jeffrey D Fochtman, Jeffrey D Nygaard, Katherine Schuelke, Nicholls Stuart, Stephanie Tilenius, Stephen J Luczo, Stephen J Luczo, Valueact Capital Master Fund, and William D Mosley.
View institutional ownership trends for Seagate Technology
.

Which major investors are selling Seagate Technology stock?

STX stock was sold by a variety of institutional investors in the last quarter, including ValueAct Holdings L.P., Clearbridge Investments LLC, BlackRock Inc., Arrowstreet Capital Limited Partnership, Amundi Asset Management US Inc., Geode Capital Management LLC, Schroder Investment Management Group, and Wedge Capital Management L L P NC. Company insiders that have sold Seagate Technology company stock in the last year include Ban Seng Teh, Edward J Zander, Holdings LP Valueact, Jeffrey D Fochtman, Jeffrey D Nygaard, Katherine Schuelke, Stephanie Tilenius, Stephen J Luczo, Valueact Capital Master Fund,, and William D Mosley.
View insider buying and selling activity for Seagate Technology
or view top insider-selling stocks.

Which major investors are buying Seagate Technology stock?

STX stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Allianz Asset Management GmbH, SG Americas Securities LLC, Barclays PLC, Waddell & Reed Financial Inc., Royal Bank of Canada, Cookson Peirce & Co. Inc., and Ergoteles LLC.
View insider buying and selling activity for Seagate Technology
or or view top insider-buying stocks.

How do I buy shares of Seagate Technology?

Shares of STX 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.
Compare Top Brokerages Here.

What is Seagate Technology's stock price today?

One share of STX stock can currently be purchased for approximately $96.77.

How much money does Seagate Technology make?

Seagate Technology has a market capitalization of $22.15 billion and generates $10.51 billion in revenue each year. The data storage provider earns $1.00 billion in net income (profit) each year or $4.57 on an earnings per share basis.

How many employees does Seagate Technology have?

Seagate Technology employs 42,000 workers across the globe.

Does Seagate Technology have any subsidiaries?

The following companies are subsidiares of Seagate Technology: Cloverleaf Communications, Dot Hill Israel Ltd., Dot Hill Singapore Pte. Ltd., Dot Hill System Services (Foshan) Limited, Dot Hill Systems, Dot Hill Systems Deutschland GmbH, Dot Hill Systems Europe Ltd., Dot Hill Systems Israel Ltd., Dot Hill Systems Tianjin Ltd., EVault (EMEA) B.V., EVault GmbH i. L., EVault Inc, EVault UK Limited, LaCie, LaCie AB, LaCie AG, LaCie Asia Limited, LaCie Electronique D2, LaCie GmbH, LaCie Group S.A.S., LaCie Ltd, LaCie S.r.l. in Liquidazione, LaCie SAS, LaCie SPRL, Lyve Minds Inc, Maxtor, Maxtor Global Ltd., MetaLINCS, Nippon Seagate Inc., Penang Seagate Industries (M) Sdn. Bhd., Quinta Corporation, Samsung - Hard Disk Drive Business, SandForce, Seagate (Hangzhou) Data Recovery Services Co. Ltd., Seagate Brasil Comercio e Representacao de Produtos de Informática Ltda., Seagate Brasil Comercio e Representacao de Produtos de Informática Ltda. (Sao Paulo Branch), Seagate Business Centre (Singapore) Pte. Ltd., Seagate Business Centre (UK) Ltd., Seagate Business Centre GmbH, Seagate Cloud Systems, Seagate Cloud Systems Japan Ltd., Seagate Data Storage Technology, Seagate Federal, Seagate Global Business Services (Malaysia) Sdn. Bhd., Seagate Global Technology, Seagate HDD Cayman, Seagate International (Johor) Sdn. Bhd., Seagate Korea Ltd., Seagate Korea Ltd. (Seoul Branch), Seagate Singapore International Headquarters Pte. Ltd., Seagate Singapore International Headquarters Pte. Ltd. (Netherlands Branch), Seagate Systems (Bermuda) Limited, Seagate Systems (Canada) Limited, Seagate Systems (Havant) Limited, Seagate Systems (Malaysia) Sdn. Bhd., Seagate Systems (Mexico) S.A. de C.V., Seagate Systems (Philippines), Seagate Systems (Singapore) Pte. Limited, Seagate Systems (UK) Limited, Seagate Systems (UK) Limited (Singapore Branch), Seagate Systems (US) Holdings Inc., Seagate Systems (US) Inc., Seagate Technology (Dublin Branch), Seagate Technology (Ireland), Seagate Technology (Ireland) (Springtown Branch), Seagate Technology (Netherlands) B.V., Seagate Technology (Suzhou) Co., Seagate Technology (Thailand) Limited, Seagate Technology (US) Holdings, Seagate Technology AB, Seagate Technology Australia Pty. Limited, Seagate Technology Canada Inc., Seagate Technology China Holding Company, Seagate Technology GmbH, Seagate Technology HDD (India) Private Limited, Seagate Technology HDD (India) Private Limited (Bangalore Office), Seagate Technology HDD (India) Private Limited (Delhi Office), Seagate Technology International, Seagate Technology International (Singapore Branch), Seagate Technology International (Wuxi) Company Limited, Seagate Technology Israel Ltd., Seagate Technology LLC, Seagate Technology MEA DMCC, Seagate Technology Manufacturing (Hong Kong) Limited, Seagate Technology SAS, Seagate Technology Services (Shanghai) Co. Ltd., Seagate Technology Services (Shanghai) Co. Ltd. (Beijing Branch), Seagate Technology Services (Shanghai) Co. Ltd. (Chengdu Branch), Seagate Technology Services (Shanghai) Co. Ltd. (Dongguan Branch), Seagate Technology Services (Shanghai) Co. Ltd. (Hangzhou Branch), Seagate Technology Services (Shanghai) Co. Ltd. (Shenzhen Branch), Seagate Technology Taiwan Ltd., Seagate Technology UK Ltd., Seagate Technology UK Ltd. (Dublin Branch), Seagate Technology UK Ltd. (Moscow Branch), Seagate US LLC, and Xyratex Ltd.

When was Seagate Technology founded?

Seagate Technology was founded in 1979.

What is Seagate Technology's official website?

The official website for Seagate Technology is www.seagate.com.

Where are Seagate Technology's headquarters?

Seagate Technology is headquartered at 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53.

How can I contact Seagate Technology?

Seagate Technology's mailing address is 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53. The data storage provider can be reached via phone at 353-1234-3136 or via email at [email protected]


This page was last updated on 6/13/2021 by MarketBeat.com Staff
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