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NASDAQ:STX

Seagate Technology (STX) Stock Price, News & Analysis

$93.89
-0.78 (-0.82%)
(As of 02:16 PM ET)
Today's Range
$93.79
$96.76
50-Day Range
$82.46
$98.72
52-Week Range
$57.06
$101.26
Volume
839,656 shs
Average Volume
2.70 million shs
Market Capitalization
$19.72 billion
P/E Ratio
N/A
Dividend Yield
2.98%
Price Target
$95.50

Seagate Technology MarketRank™ Stock Analysis

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
0.3% Upside
$95.50 Price Target
Short Interest
Healthy
4.85% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.12
Upright™ Environmental Score
News Sentiment
1.02mentions of Seagate Technology in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.93 M Sold Last Quarter
Proj. Earnings Growth
1,140.00%
From $0.40 to $4.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.25 out of 5 stars

Business Services Sector

50th out of 304 stocks

Computer Storage Devices Industry

2nd out of 5 stocks

STX stock logo

About Seagate Technology Stock (NASDAQ:STX)

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.

STX Stock Price History

STX Stock News Headlines

MarketBeat Week in Review – 4/29 - 5/3 (STX)
Apple, Amgen, and a weak jobs report helped move the market higher as investors temporarily looked past the possibility of no interest rate cuts in 2024
Seagate Technology Warns Cloud Demand is Heating Up
Seagate Technology Holdings hasn't significantly benefitted from the artificial intelligence (AI) boom, but from the recovery of cloud computing demand.
Seagate Technology Warns Cloud Demand is Heating Up
Data storage device manufacturer Seagate Technology Holdings plc NASDAQ: STX hasn't significantly benefitted from the artificial intelligence (AI) boom. Its computer and technology sector rival Western Digital Co. NASDAQ: WDC had a dramatic 2024 reversal of fortune as losses of 46 cents transformed into profits of 40 cents, and sagging revenues turned into a 23% YOY revenue spike.
Western Digital Slips Despite EPS Beat and Raise - Buy Time? (STX)
Data storage solutions device maker Western Digital is benefitting from the secular tailwinds of artificial intelligence (AI) adoption - time to buy?
Seagate Technology (NASDAQ:STX) Now Covered by Citigroup
3 Cryptocurrencies to Buy On the Dip
See More Headlines
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Company Calendar

Ex-Dividend for 4/4 Dividend
3/20/2024
Dividend Payable
4/04/2024
Last Earnings
4/23/2024
Today
5/23/2024
Ex-Dividend for 7/5 Dividend
6/20/2024
Fiscal Year End
6/30/2024
Dividend Payable
7/05/2024
Next Earnings (Estimated)
7/24/2024

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Current Symbol
NASDAQ:STX
Employees
33,400
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$95.50
High Stock Price Target
$115.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+0.0%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
18 Analysts

Profitability

Net Income
$-529,000,000.00
Pretax Margin
-2.84%

Debt

Sales & Book Value

Annual Sales
$6.27 billion
Cash Flow
$2.16 per share
Book Value
($9.00) per share

Miscellaneous

Free Float
208,120,000
Market Cap
$20.05 billion
Optionable
Optionable
Beta
1.06

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Key Executives


STX Stock Analysis - Frequently Asked Questions

Should I buy or sell Seagate Technology stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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.
View STX analyst ratings
or view top-rated stocks.

What is Seagate Technology's stock price target for 2024?

18 Wall Street analysts have issued 12-month price objectives for Seagate Technology's shares. Their STX share price targets range from $55.00 to $115.00. On average, they predict the company's stock price to reach $95.50 in the next year. This suggests a possible upside of 0.3% from the stock's current price.
View analysts price targets for STX
or view top-rated stocks among Wall Street analysts.

How have STX shares performed in 2024?

Seagate Technology's stock was trading at $85.37 on January 1st, 2024. Since then, STX shares have increased by 11.5% and is now trading at $95.21.
View the best growth stocks for 2024 here
.

When is Seagate Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our STX earnings forecast
.

How were Seagate Technology's earnings last quarter?

Seagate Technology Holdings plc (NASDAQ:STX) released its quarterly earnings data on Tuesday, April, 23rd. The data storage provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The data storage provider earned $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. Seagate Technology's revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.43) EPS.
Read the conference call transcript
.

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

Seagate Technology declared a quarterly dividend on Tuesday, April 23rd. Investors of record on Thursday, June 20th will be paid a dividend of $0.70 per share on Friday, July 5th. This represents a $2.80 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, June 20th.
Read our dividend analysis for STX
.

Is Seagate Technology a good dividend stock?

Seagate Technology (NASDAQ:STX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.89%.
Read our dividend analysis for STX.

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

Seagate Technology issued an update on its fourth quarter 2024 earnings guidance on Tuesday, April, 23rd. The company provided EPS guidance of 0.500-0.900 for the period, compared to the consensus earnings per share estimate of 0.600. The company issued revenue guidance of $1.7 billion-$2.0 billion, compared to the consensus revenue estimate of $1.9 billion.

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

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.

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).

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 Vanguard Group Inc. (11.79%), Capital Research Global Investors (7.27%), Clearbridge Investments LLC (1.27%), Portman Square Capital LLP (0.00%), Russell Investments Group Ltd. (0.33%) and Swiss National Bank (0.28%). Insiders that own company stock include Ban Seng Teh, Edward J Zander, Edward J Zander, Gianluca Romano, Holdings LP Valueact, Jay L Geldmacher, Jeffrey D Fochtman, Jeffrey D Nygaard, John Christopher Morris, Katherine Schuelke, Mark Adams, Ravi Naik, Stephen J Luczo and William D Mosley.
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.

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.
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This page (NASDAQ:STX) was last updated on 5/23/2024 by MarketBeat.com Staff

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