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FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
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The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: Wall Street higher, but likely not enough to this turn losing week into a winner
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: Wall Street higher, but likely not enough to this turn losing week into a winner
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Compelling Reasons to Start Buying Undervalued Amazon
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: Wall Street higher, but likely not enough to this turn losing week into a winner
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The Strategic Gold Play You Haven't Heard About (Ad)
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
Turkey’s central bank hikes interest rates again in further shift in economic policies
The Strategic Gold Play You Haven't Heard About (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
NASDAQ:STX

Seagate Technology (STX) Stock Forecast, Price & News

$65.45
-0.18 (-0.27%)
(As of 09/21/2023 ET)
Compare
Today's Range
$64.30
$66.79
50-Day Range
$57.97
$73.70
52-Week Range
$47.47
$74.51
Volume
2.51 million shs
Average Volume
3.43 million shs
Market Capitalization
$13.60 billion
P/E Ratio
N/A
Dividend Yield
4.28%
Price Target
$62.28

Seagate Technology MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
4.8% Downside
$62.28 Price Target
Short Interest
Bearish
7.11% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.28
Upright™ Environmental Score
News Sentiment
0.49mentions of Seagate Technology in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$14.70 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.30) to $3.24 Per Share

Overall MarketRank

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

1.71 out of 5 stars

Business Services Sector

257th out of 318 stocks

Computer Storage Devices Industry

5th out of 5 stocks


STX stock logo

About Seagate Technology (NASDAQ:STX) Stock

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 Price History

STX Stock News Headlines

The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Seagate, Gulfport See Activist Action
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Seagate Prices Offering Of $1.3 Bln Of Exchangeable Senior Notes
Why Seagate Technology (STX) Shares Are Sliding Today
Seagate: Ding Ding, Bottom Materializing (Rating Upgrade)
Seagate offers senior unsecured notes
What 8 Analyst Ratings Have To Say About Seagate Tech Hldgs
See More Headlines
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STX Company Calendar

Ex-Dividend for 7/5 Dividend
6/20/2023
Dividend Payable
7/05/2023
Last Earnings
7/26/2023
Today
9/22/2023
Ex-Dividend for 10/10 Dividend
9/25/2023
Dividend Payable
10/10/2023
Next Earnings (Estimated)
10/25/2023
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 Forecast
$62.28
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
-4.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
16 Analysts

Profitability

Net Income
$-529,000,000.00
Pretax Margin
-6.72%

Debt

Sales & Book Value

Annual Sales
$7.38 billion
Cash Flow
$2.11 per share
Book Value
($5.79) per share

Miscellaneous

Free Float
205,998,000
Market Cap
$13.60 billion
Optionable
Optionable
Beta
1.08

Social Links

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Key Executives

  • Dr. William David Mosley (Age 56)
    CEO & Director
    Comp: $980.48k
  • Mr. Gianluca RomanoMr. Gianluca Romano (Age 54)
    Exec. VP & CFO
    Comp: $639.9k
  • Ms. Katherine E. SchuelkeMs. Katherine E. Schuelke (Age 60)
    Sr. VP, Chief Legal Officer & Company Sec.
    Comp: $499.38k
  • Mr. Ban Seng TehMr. Ban Seng Teh (Age 56)
    Exec. VP & Chief Commercial Officer
    Comp: $532.73k
  • Mr. Kian Fatt Chong (Age 60)
    Sr. VP of Global Operations
  • Dr. John C. Morris (Age 56)
    Sr. VP & CTO
  • Grace Liu
    Sr. VP & Chief Information Officer
  • Ms. Shanye Hudson
    Sr. VP of Investor Relations & Fin. Strategy
  • Mr. Matt Rutledge
    Sr. VP of Corp. Devel. & Strategy
  • Ms. Patricia Frost (Age 57)
    Sr. VP and Chief People & Places Officer













STX Stock - Frequently Asked Questions

Should I buy or sell Seagate Technology stock right now?

16 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, 8 hold ratings and 6 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.
View STX analyst ratings
or view top-rated stocks.

What is Seagate Technology's stock price forecast for 2023?

16 analysts have issued twelve-month price objectives for Seagate Technology's stock. Their STX share price forecasts range from $38.00 to $80.00. On average, they anticipate the company's stock price to reach $62.28 in the next year. This suggests that the stock has a possible downside of 4.8%.
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 beginning of 2023. Since then, STX stock has increased by 24.4% and is now trading at $65.45.
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, October 25th 2023.
View our STX earnings forecast
.

How were Seagate Technology's earnings last quarter?

Seagate Technology Holdings plc (NASDAQ:STX) announced its quarterly earnings results on Wednesday, July, 26th. The data storage provider reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.05. The data storage provider had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.68 billion. Seagate Technology had a negative net margin of 7.16% and a negative trailing twelve-month return on equity of 69.08%. Seagate Technology's revenue for the quarter was down 39.0% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS.
Read the conference call transcript
.

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

Seagate Technology announced a quarterly dividend on Wednesday, July 26th. Investors of record on Tuesday, September 26th will be given a dividend of $0.70 per share on Tuesday, October 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Monday, September 25th.
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 4.32%. 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.

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

Seagate Technology issued an update on its first quarter 2024 earnings guidance on Thursday, September, 14th. The company provided EPS guidance of -$0.36--$0.36 for the period, compared to the consensus EPS estimate of -$0.18. The company issued revenue guidance of $1.40 billion-$1.40 billion, compared to the consensus revenue estimate of $1.55 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).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.22%), State Street Corp (4.48%), Geode Capital Management LLC (1.70%), Clearbridge Investments LLC (1.67%), Holocene Advisors LP (0.92%) and LSV Asset Management (0.92%). 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,, 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.

What is Seagate Technology's stock price today?

One share of STX stock can currently be purchased for approximately $65.45.

How much money does Seagate Technology make?

Seagate Technology (NASDAQ:STX) has a market capitalization of $13.60 billion and generates $7.38 billion in revenue each year. The data storage provider earns $-529,000,000.00 in net income (profit) each year or ($2.55) on an earnings per share basis.

How many employees does Seagate Technology have?

The company employs 33,400 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.
Read More
How can I contact Seagate Technology?

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.

This page (NASDAQ:STX) was last updated on 9/22/2023 by MarketBeat.com Staff

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