Seagate Technology Stock Price, News & Analysis (NASDAQ:STX)

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 1 sell rating, 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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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16 Wall Street analysts have issued twelve-month price targets for Seagate Technology's shares. Their STX share price targets range from $40.00 to $80.00. On average, they predict the company's stock price to reach $65.35 in the next year. This suggests that the stock has a possible downside of 16.6%.
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Seagate Technology's stock was trading at $52.61 at the start of the year. Since then, STX shares have increased by 49.0% and is now trading at $78.40.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
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Seagate Technology Holdings plc (NASDAQ:STX) announced its quarterly earnings data on Thursday, October, 26th. The data storage provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by $0.02. The data storage provider had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.51 billion. Seagate Technology had a negative net margin of 10.91% and a negative trailing twelve-month return on equity of 69.08%. The business's quarterly revenue was down 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS.
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Seagate Technology declared a quarterly dividend on Thursday, October 26th. Investors of record on Thursday, December 21st will be paid a dividend of $0.70 per share on Tuesday, January 9th. This represents a $2.80 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Wednesday, December 20th.
Read our dividend analysis for STX.

Seagate Technology (NASDAQ:STX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.61%.
Read our dividend analysis for STX.

ETFs with the largest weight of Seagate Technology (NASDAQ:STX) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), Emerge EMPWR Sustainable Dividend Equity ETF (EMCA), First Trust S&P 500 Diversified Dividend Aristocrats ETF (RNDV), Fidelity Cloud Computing ETF (FCLD), ALPS Sector Dividend Dogs ETF (SDOG), AAM S&P 500 High Dividend Value ETF (SPDV), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Invesco S&P 500 Equal Weight Technology ETF (RSPT).

Seagate Technology updated its second quarter earnings guidance on Thursday, October, 26th. The company provided EPS guidance of $(0.30)-0.10 for the period, compared to the consensus EPS estimate of ($0.01). The company issued revenue guidance of $1.4-1.7 billion, compared to the consensus revenue estimate of $1.61 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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (8.45%), Sanders Capital LLC (7.19%), FMR LLC (6.66%), Morgan Stanley (1.90%), Clearbridge Investments LLC (1.40%) and Invesco Ltd. (1.34%). 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, Katherine Schuelke, Mark Adams, Ravi Naik, Stephanie Tilenius, Stephen J Luczo, Valueact Capital Master Fund,, William D Mosley 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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