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

$78.48
+1.53 (+1.99%)
(As of 04:00 PM ET)
Compare
Today's Range
$77.92
$79.04
50-Day Range
$63.42
$77.56
52-Week Range
$48.94
$79.04
Volume
2.05 million shs
Average Volume
2.51 million shs
Market Capitalization
$16.42 billion
P/E Ratio
N/A
Dividend Yield
3.57%
Price Target
$65.35

Seagate Technology MarketRank™ Stock Analysis

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
16.7% Downside
$65.35 Price Target
Short Interest
Bearish
7.65% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.33
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$16.04 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.37) to $2.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.73 out of 5 stars

Business Services Sector

233rd out of 304 stocks

Computer Storage Devices Industry

5th 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

Should you buy Western Digital and sell Seagate stock? (STX)
Data is generated every second around the clock. Oceans and oceans of data are all around us. That data has to be stored somewhere to be analyzed and used for
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Seagate Technology Q1 Earnings - Update
Seagate Technology declares $0.70 dividend
Seagate (STX) Reports Q1 Loss, Lags Revenue Estimates
Seagate Technology PLC Q1 Earnings Summary
Seagate Technology (NASDAQ:STX) Misses Q1 Sales Targets
Seagate Tech Hldgs Insider Trades Send a Signal
See More Headlines
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Company Calendar

Ex-Dividend for 10/10 Dividend
9/25/2023
Dividend Payable
10/10/2023
Last Earnings
10/26/2023
Today
11/29/2023
Ex-Dividend for 1/9 Dividend
12/20/2023
Dividend Payable
1/09/2024
Next Earnings (Estimated)
1/24/2024
Fiscal Year End
6/30/2024

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
$65.35
High Stock Price Target
$80.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-15.1%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
16 Analysts

Profitability

Net Income
$-529,000,000.00
Pretax Margin
-9.85%

Debt

Sales & Book Value

Annual Sales
$7.38 billion
Cash Flow
$2.10 per share
Book Value
($8.14) per share

Miscellaneous

Free Float
207,322,000
Market Cap
$16.10 billion
Optionable
Optionable
Beta
1.04

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STX Stock Analysis - Frequently Asked Questions

Should I buy or sell Seagate Technology stock right now?

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.
View STX analyst ratings
or view top-rated stocks.

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

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%.
View analysts price targets for STX
or view top-rated stocks among Wall Street analysts.

How have STX shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Seagate Technology's next earnings date?

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

How were Seagate Technology's earnings last quarter?

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.
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 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
.

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 3.61%.
Read our dividend analysis for STX.

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

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.

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 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 11/29/2023 by MarketBeat.com Staff

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