Seagate Technology PLC Company Profile (NASDAQ:STX)

About Seagate Technology PLC

Seagate Technology PLC logoSeagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company's principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. Its storage technology portfolio also includes storage subsystems and high performance computing solutions. Its products are designed for applications in enterprise servers and storage systems, client compute applications and client non-compute applications. It designs, fabricates and assembles various components found in its disk drives, including read/write heads and recording media. Its design and manufacturing operations are based on technology platforms that are used to produce various disk drive products that serve multiple data storage applications and markets.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Data Storage Devices
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: STX
  • CUSIP:
Key Metrics:
  • Previous Close: $47.39
  • 50 Day Moving Average: $42.73
  • 200 Day Moving Average: $37.90
  • 52-Week Range: $18.42 - $48.53
  • Trailing P/E Ratio: 27.65
  • Foreward P/E Ratio: 10.42
  • P/E Growth: 0.62
  • Market Cap: $13.99B
  • Outstanding Shares: 295,176,000
  • Beta: 1.93
  • Net Margins: 4.69%
  • Return on Equity: 62.25%
  • Return on Assets: 11.69%
  • Debt-to-Equity Ratio: 2.69%
  • Current Ratio: 1.54%
  • Quick Ratio: 1.17%
Additional Links:
Companies Related to Seagate Technology PLC:

Analyst Ratings

Consensus Ratings for Seagate Technology PLC (NASDAQ:STX) (?)
Ratings Breakdown: 1 Sell Rating, 19 Hold Ratings, 6 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Hold (Score: 2.26)
Consensus Price Target: $41.42 (12.60% downside)

Analysts' Ratings History for Seagate Technology PLC (NASDAQ:STX)
DateFirmActionRatingPrice TargetDetails
1/28/2017Susquehanna Bancshares IncReiterated RatingNeutralView Rating Details
1/25/2017Wells Fargo & CompanyReiterated RatingMarket PerformView Rating Details
1/25/2017FBN SecuritiesUpgradeSector Perform -> Outperform$38.00 -> $55.00View Rating Details
1/25/2017Needham & Company LLCBoost Price TargetStrong-Buy$47.00 -> $55.00View Rating Details
1/25/2017Brean CapitalReiterated RatingBuy$5.00View Rating Details
1/25/2017Deutsche Bank AGBoost Price TargetHold$35.00 -> $45.00View Rating Details
1/25/2017Robert W. BairdBoost Price TargetNeutral$45.00View Rating Details
1/25/2017Jefferies Group LLCBoost Price TargetBuy$44.00 -> $50.00View Rating Details
1/25/2017Benchmark Co.Boost Price TargetBuy$45.00 -> $50.00View Rating Details
1/25/2017Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$39.00 -> $44.00View Rating Details
1/25/2017BTIG ResearchBoost Price Target$55.00View Rating Details
1/25/2017Morgan StanleyBoost Price TargetEqual Weight$37.00 -> $40.00View Rating Details
1/25/2017Barclays PLCBoost Price TargetEqual Weight$46.00View Rating Details
1/25/2017BMO Capital MarketsBoost Price TargetMarket Perform$33.00 -> $42.00View Rating Details
1/25/2017Cowen and CompanyBoost Price TargetMarket Perform$36.00 -> $46.00View Rating Details
1/25/2017MizuhoBoost Price TargetNeutral$34.00 -> $40.00View Rating Details
1/25/2017RBC Capital MarketsBoost Price TargetSector Perform$40.00 -> $45.00View Rating Details
1/25/2017Stifel NicolausBoost Price TargetHold$40.00 -> $46.00View Rating Details
1/4/2017GuggenheimInitiated CoverageNeutralView Rating Details
10/13/2016Citigroup Inc.Reiterated RatingNeutralView Rating Details
10/12/2016Maxim GroupBoost Price TargetHold$35.00 -> $36.00View Rating Details
10/11/2016Seaport Global SecuritiesBoost Price TargetUnderweight -> Neutral$44.00View Rating Details
10/11/2016J P Morgan Chase & CoUpgradeUnderweight -> Neutral$20.00 -> $38.00View Rating Details
10/3/2016Royal Bank of CanadaBoost Price TargetSector Perform$34.00 -> $40.00View Rating Details
9/13/2016Bank of America CorpReiterated RatingSell$28.00View Rating Details
9/7/2016Craig HallumBoost Price TargetBuy$37.00 -> $50.00View Rating Details
8/16/2016ArgusReiterated RatingHoldView Rating Details
10/18/2015KeyCorpDowngradeHoldView Rating Details
10/8/2015S&P Equity ResearchReiterated RatingStrong-BuyView Rating Details
9/28/2015Sterne Agee CRTInitiated CoverageNeutral$50.00View Rating Details
8/28/2015Cross ResearchUpgradeHold -> BuyView Rating Details
8/2/2015FBR & CoReiterated RatingSector Perform$50.00 -> $55.00View Rating Details
7/28/2015Longbow ResearchReiterated RatingNeutralView Rating Details
7/14/2015Pacific CrestReiterated RatingBuy$65.00 -> $56.00View Rating Details
5/4/2015Oppenheimer Holdings, Inc.Reiterated RatingOutperform$60.00 -> $66.00View Rating Details
(Data available from 2/24/2015 forward)


Earnings History for Seagate Technology PLC (NASDAQ:STX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/24/2017Q217$1.08$1.38$2.82 billion$2.89 billionViewN/AView Earnings Details
10/19/2016Q117$0.79$0.99$2.79 billion$2.80 billionViewListenView Earnings Details
8/2/2016Q416$0.60$0.69$2.32 billion$2.65 billionViewN/AView Earnings Details
4/29/2016Q316$0.43$0.22$2.62 billion$2.60 billionViewListenView Earnings Details
1/29/2016Q216$0.71$0.82$2.96 billion$2.99 billionViewListenView Earnings Details
10/30/2015Q116$0.50$0.54$3.03 billion$2.93 billionViewListenView Earnings Details
7/31/2015Q415$0.65$0.77$3.19 billion$2.90 billionViewListenView Earnings Details
4/17/2015Q315$1.08$1.08$3.43 billion$3.30 billionViewN/AView Earnings Details
1/26/2015Q215$1.34$1.35$3.73 billion$3.70 billionViewN/AView Earnings Details
10/27/2014Q1$1.25$1.34$3.62 billion$3.80 billionViewListenView Earnings Details
7/17/2014Q414$1.09$1.10$3.32 billion$3.30 billionViewListenView Earnings Details
4/29/2014Q314$1.25$1.34$3.42 billion$3.40 billionViewListenView Earnings Details
1/27/2014Q214$1.39$1.32$3.56 billion$3.53 billionViewListenView Earnings Details
10/28/2013Q114$1.30$1.16$3.55 billion$3.49 billionViewListenView Earnings Details
7/24/2013Q4 2013$1.18$1.20$3.42 billion$3.43 billionViewListenView Earnings Details
5/1/2013Q3 2013$1.16$1.26$3.38 billion$3.53 billionViewListenView Earnings Details
1/28/2013Q2 2013$1.27$1.38$3.53 billion$3.67 billionViewN/AView Earnings Details
10/31/2012$1.70$1.45ViewN/AView Earnings Details
7/30/2012$2.53$2.41ViewN/AView Earnings Details
4/17/2012$2.10$2.64ViewN/AView Earnings Details
1/31/2012$1.08$1.32ViewN/AView Earnings Details
10/20/2011$0.31$0.34ViewN/AView Earnings Details
7/20/2011$0.25$0.28ViewN/AView Earnings Details
4/19/2011$0.27$0.25ViewN/AView Earnings Details
1/19/2011$0.33$0.70ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Seagate Technology PLC (NASDAQ:STX)
Current Year EPS Consensus Estimate: $4.49 EPS
Next Year EPS Consensus Estimate: $4.55 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$1.06$1.07$1.07
Q2 20162$0.74$1.12$0.93
Q3 20161$1.28$1.28$1.28
(Data provided by Zacks Investment Research)


Current Dividend Information for Seagate Technology PLC (NASDAQ:STX)
Annual Dividend:$2.52
Dividend Yield:5.32%
Payout Ratio:147.37% (Based on Trailing 12 Months of Earnings)
56.12% (Based on Current Year Consensus EPS Estimate)
55.38% (Based on Next Year Consensus EPS Estimate)

Dividend History for Seagate Technology PLC (NASDAQ:STX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Seagate Technology PLC (NASDAQ:STX)
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 90.47%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/22/2017David H Morton JrCFOSell6,197$47.34$293,365.98View SEC Filing  
9/14/2016David H Morton JrCFOSell1,716$36.16$62,050.56View SEC Filing  
9/13/2016David H. Morton, Jr.CFOSell2,773$35.98$99,772.54View SEC Filing  
8/31/2016Mark ReSVPSell5,800$33.58$194,764.00View SEC Filing  
8/24/2016Mark ReSVPSell12,750$31.84$405,960.00View SEC Filing  
8/9/2016Frank BiondiDirectorSell1,251$32.45$40,594.95View SEC Filing  
8/9/2016Mark ReSVPSell3,082$32.50$100,165.00View SEC Filing  
6/6/2016David H Morton JrCFOSell8,038$23.79$191,224.02View SEC Filing  
5/6/2016Frank BiondiDirectorSell12,919$18.98$245,202.62View SEC Filing  
5/3/2016Stephen J LuczoCEOBuy200,000$20.08$4,016,000.00View SEC Filing  
2/18/2016Edward J. ZanderDirectorSell28,200$31.83$897,606.00View SEC Filing  
2/2/2016Philip G BraceInsiderBuy5,000$29.10$145,500.00View SEC Filing  
2/2/2016Stephen J LuczoCEOBuy200,000$30.17$6,034,000.00View SEC Filing  
11/4/2015David H. Morton, Jr.CFOSell3,178$38.94$123,751.32View SEC Filing  
9/14/2015Malley Patrick J OCFOSell6,993$48.28$337,622.04View SEC Filing  
8/25/2015Mark ReSVPSell115,334$48.75$5,622,532.50View SEC Filing  
8/14/2015Albert A PimentelInsiderSell10,000$51.67$516,700.00View SEC Filing  
6/5/2015Stephen J LuczoCEOSell10,000$54.14$541,400.00View SEC Filing  
4/27/2015David H Morton JrSVPSell6,179$58.42$360,977.18View SEC Filing  
4/27/2015Douglas J DehaanInsiderSell10,179$58.37$594,148.23View SEC Filing  
4/24/2015David K RicharzEVPSell7,625$58.20$443,775.00View SEC Filing  
4/24/2015Stephen J LuczoCEOSell10,000$58.45$584,500.00View SEC Filing  
4/23/2015Albert A PimentelInsiderSell11,830$58.99$697,851.70View SEC Filing  
4/10/2015William D MosleyInsiderSell58,581$55.51$3,251,831.31View SEC Filing  
3/9/2015Mark ReSVPSell914$57.19$52,271.66View SEC Filing  
3/9/2015Stephen J LuczoCEOSell10,000$57.46$574,600.00View SEC Filing  
2/23/2015Stephen J LuczoCEOSell50,000$61.87$3,093,500.00View SEC Filing  
2/12/2015Kenneth M MassaroniCAOSell9,250$61.44$568,320.00View SEC Filing  
2/4/2015David K RicharzEVPSell17,753$60.10$1,066,955.30View SEC Filing  
2/4/2015Stephen J LuczoCEOSell100,000$60.10$6,010,000.00View SEC Filing  
1/29/2015Gregorio ReyesDirectorSell1,459$57.08$83,279.72View SEC Filing  
1/27/2015Stephen J LuczoCEOSell10,000$57.11$571,100.00View SEC Filing  
1/2/2015William D MosleyEVPSell58,581$66.12$3,873,375.72View SEC Filing  
12/22/2014Stephen J LuczoCEOSell10,000$68.33$683,300.00View SEC Filing  
12/9/2014William D MosleyEVPSell58,581$65.53$3,838,812.93View SEC Filing  
11/24/2014Jay L GeldmacherDirectorSell5,000$66.00$330,000.00View SEC Filing  
11/18/2014Albert A PimentelEVPSell50,000$64.64$3,232,000.00View SEC Filing  
11/17/2014Albert A PimentelEVPSell10,000$63.90$639,000.00View SEC Filing  
11/14/2014David K RicharzEVPSell17,592$62.44$1,098,444.48View SEC Filing  
11/4/2014David K RicharzEVPSell25,372$64.35$1,632,688.20View SEC Filing  
11/4/2014Stephen J LuczoCEOSell383,813$62.32$23,919,226.16View SEC Filing  
11/3/2014Malley Patrick J OCFOSell13,230$63.34$837,988.20View SEC Filing  
10/31/2014David K RicharzEVPSell65,417$61.88$4,048,003.96View SEC Filing  
10/30/2014David H Morton JrSVPSell6,794$60.00$407,640.00View SEC Filing  
9/15/2014Douglas J DehaanInsiderSell4,024$59.69$240,192.56View SEC Filing  
9/15/2014Kenneth M MassaroniCAOSell1,256$59.49$74,719.44View SEC Filing  
9/15/2014Malley Patrick J OCFOSell68,240$59.10$4,032,984.00View SEC Filing  
9/15/2014Mark ReSVPSell3,889$59.39$230,967.71View SEC Filing  
9/11/2014Albert A PimentelEVPSell5,916$60.64$358,746.24View SEC Filing  
9/11/2014Kenneth M MassaroniCAOSell4,975$60.72$302,082.00View SEC Filing  
9/11/2014Malley Patrick J OCFOSell5,913$60.68$358,800.84View SEC Filing  
9/11/2014Mark ReSVPSell3,158$60.62$191,437.96View SEC Filing  
9/10/2014David H Morton JrSVPSell506$61.23$30,982.38View SEC Filing  
9/10/2014Kenneth M MassaroniCAOSell2,054$61.13$125,561.02View SEC Filing  
9/10/2014Malley Patrick J OCFOSell2,738$60.93$166,826.34View SEC Filing  
9/10/2014William D MosleyEVPSell2,811$61.19$172,005.09View SEC Filing  
8/29/2014Kenneth M MassaroniCAOSell7,500$62.24$466,800.00View SEC Filing  
8/25/2014Malley Patrick J OCFOSell62,916$60.89$3,830,955.24View SEC Filing  
8/21/2014Chong Sup ParkDirectorSell4,251$60.02$255,145.02View SEC Filing  
8/6/2014Stephen J LuczoCEOSell50,000$56.60$2,830,000.00View SEC Filing  
8/4/2014Stephen J LuczoCEOSell11,230$58.27$654,372.10View SEC Filing  
7/25/2014David K RicharzEVPSell25,650$59.56$1,527,714.00View SEC Filing  
7/25/2014Frank BiondiDirectorSell10,000$59.55$595,500.00View SEC Filing  
7/24/2014David H Morton JrSVPSell1,719$59.10$101,592.90View SEC Filing  
7/24/2014Stephen J LuczoCEOSell150,000$59.01$8,851,500.00View SEC Filing  
5/13/2014Stephen LuczoCEOSell54,345$50.28$2,732,466.60View SEC Filing  
5/6/2014Douglas DehaanInsiderSell15,490$50.64$784,413.60View SEC Filing  
5/6/2014Lydia Micheaux MarshallDirectorSell10,626$50.34$534,912.84View SEC Filing  
4/1/2014Stephen LuczoCEOSell100,000$57.00$5,700,000.00View SEC Filing  
3/10/2014Mark ReSVPSell1,034$50.14$51,844.76View SEC Filing  
2/14/2014Albert PimentelInsiderSell10,000$50.01$500,100.00View SEC Filing  
2/14/2014David RicharzEVPSell5,300$49.61$262,933.00View SEC Filing  
2/7/2014Michael CannonDirectorSell25,228$49.91$1,259,129.48View SEC Filing  
2/6/2014Stephen LuczoCEOSell60,000$49.05$2,943,000.00View SEC Filing  
2/4/2014Jay GeldmacherDirectorSell4,000$49.76$199,040.00View SEC Filing  
1/30/2014Chong Sup ParkDirectorSell2,270$53.54$121,535.80View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Seagate Technology PLC (NASDAQ:STX)
News IconChecking in on Signals for Seagate Technology PLC (STX) - Baldwin Journal (NASDAQ:STX) - February 24 at 9:10 AM logoSeagate (STX) Up 11% Since Earnings Report: Can It Continue? - Nasdaq (NASDAQ:STX) - February 24 at 9:10 AM logoSeagate (STX) Up 11% Since Earnings Report: Can It Continue? (NASDAQ:STX) - February 24 at 9:10 AM logoNAND is complementary to storage: Seagate CFO (NASDAQ:STX) - February 23 at 1:15 AM logoSeagate to Participate in Investor Event (NASDAQ:STX) - February 22 at 8:15 PM
News IconSeagate Technology PLC (STX) Position Reduced by Aberdeen Asset Management PLC UK (NASDAQ:STX) - February 22 at 10:06 AM logoYieldBoost Seagate Technology To 11.8% Using Options (NASDAQ:STX) - February 21 at 4:53 PM logoHow Seagate (STX) Stock Stands Out in a Strong Industry (NASDAQ:STX) - February 21 at 4:53 PM logoWhy Seagate Technology PLC (STX) Stock Stands Out (NASDAQ:STX) - February 21 at 11:47 AM
News IconInsider Activity of Seagate Technology plc (NASDAQ:STX) (NASDAQ:STX) - February 18 at 7:03 PM
News IconImpact of Brokerage Rating on Seagate Technology PLC(STX) (NASDAQ:STX) - February 17 at 7:18 PM
News IconShares of Seagate Technology PLC (STX) Sees Large Inflow of Net Money Flow - Highland Mirror (NASDAQ:STX) - February 13 at 8:28 PM logoWhy Western Digital Corp. Shares Soared in January (NASDAQ:STX) - February 13 at 8:28 PM
News IconBurning Stock on the move: Seagate Technology plc (NASDAQ:STX) (NASDAQ:STX) - February 8 at 6:24 AM logoSeagate Technology Plc : STX-US: Dividend Analysis : December 21st, 2016 (record date) : By the numbers : February 7, 2017 (NASDAQ:STX) - February 8 at 6:24 AM
News IconTop Gainers of the Day: Seagate Technology plc (NASDAQ:STX) from Data Storage Devices (NASDAQ:STX) - February 6 at 8:08 PM logoEarnings Estimates Moving Higher for Seagate Technology (STX): Time to Buy? (NASDAQ:STX) - February 6 at 8:10 AM logoHere's a Juicy Dividend Stock You Just Have to Buy (NASDAQ:STX) - February 4 at 8:07 PM
News IconSeagate Technology plc (NASDAQ:STX) from Data Storage Devices – Todays Top Gains (NASDAQ:STX) - February 4 at 2:58 AM logoMy Ship Came In With Seagate (NASDAQ:STX) - February 4 at 2:58 AM
News IconInvestor's Alert: Cypress Semiconductor Corporation (NASDAQ:CY ... - The Newburgh Press (NASDAQ:STX) - February 3 at 6:04 AM logoWhy We Revised Seagate's Share Price Estimate To $39 (NASDAQ:STX) - February 3 at 6:04 AM
News IconLarge Cap Data Storage Devices: Seagate Technology plc (NASDAQ:STX) (NASDAQ:STX) - February 2 at 5:13 AM
News IconSeagate Technology PLC (STX) Lifted to "Outperform" at FBN Securities (NASDAQ:STX) - February 2 at 5:13 AM logo2 Key Takeaways From Seagate Technology’s Latest Report (NASDAQ:STX) - February 2 at 5:13 AM logoSEAGATE TECHNOLOGY PLC Financials (NASDAQ:STX) - February 2 at 5:13 AM
News IconPrice Target Analysis: Seagate Technology plc (NASDAQ:STX) (NASDAQ:STX) - February 1 at 6:45 AM
News IconSeagate Technology PLC (STX) Stock Price Increases 22.02% (NASDAQ:STX) - February 1 at 6:45 AM
News IconSeagate Technology plc (NASDAQ:STX) Position of the day (NASDAQ:STX) - February 1 at 6:45 AM logo8:51 am Seagate Tech to offer senior notes in a private placement; terms not disclosed (NASDAQ:STX) - February 1 at 6:45 AM logoSeagate Technology Announces Offering of Senior Unsecured Notes (NASDAQ:STX) - February 1 at 6:45 AM logoSeagate Technology Announces Pricing of $1.25 Billion of Senior Unsecured Notes Offering (NASDAQ:STX) - February 1 at 6:45 AM
News IconDaily Ratings & News for Seagate Technology PLC (NASDAQ:STX) - January 30 at 10:33 PM
News IconSeagate Technology plc (NASDAQ:STX): Up to Date Analyst Ratings (NASDAQ:STX) - January 30 at 10:33 PM logoWill Seagate Technology (STX) Continue to Surge Higher? (NASDAQ:STX) - January 30 at 12:15 PM
News IconData Storage Devices: Seagate Technology plc (NASDAQ:STX) Position of the day (NASDAQ:STX) - January 29 at 10:07 PM
News IconSeagate Technology PLC 29.6% Potential Upside Now Implied by Needham (NASDAQ:STX) - January 29 at 1:09 AM
News IconLeading stocks in today’s market: Seagate Technology plc (NASDAQ:STX) (NASDAQ:STX) - January 28 at 8:09 PM
News IconIs Seagate Technology plc (NASDAQ:STX), a large market cap stock a smart buy? (NASDAQ:STX) - January 28 at 6:46 AM logoSEAGATE TECHNOLOGY PLC Files SEC form 8-K, Other Events (NASDAQ:STX) - January 28 at 6:46 AM logoWhy Seagate Technology PLC Stock (STX) Is a Buy for Value Investors - (NASDAQ:STX) - January 27 at 5:33 AM logoSeagate Technology Plc breached its 50 day moving average in a Bullish Manner : STX-US : January 26, 2017 (NASDAQ:STX) - January 27 at 5:33 AM logoSeagate Possesses the Eye of the Tiger (NASDAQ:STX) - January 27 at 5:33 AM logoSeagate Technology Plc :STX-US: Earnings Analysis: Q2, 2017 By the Numbers : January 26, 2017 (NASDAQ:STX) - January 27 at 5:33 AM logoWestern Digital Slips: SanDisk Proving a 'Smashing Success,' Says FBN (NASDAQ:STX) - January 27 at 5:33 AM logoSEAGATE TECHNOLOGY PLC Files SEC form 10-Q, Quarterly Report (NASDAQ:STX) - January 27 at 5:33 AM logoWestern Digital Gets Positive Reviews On 'Crisp Execution' (NASDAQ:STX) - January 27 at 5:33 AM
News IconSeagate Technology PLC (NASDAQ:STX) Shares' Target Price Boosted By $9 (NASDAQ:STX) - January 26 at 6:07 AM
News IconSeagate Technology PLC (STX) Upgraded by FBN Securities to Outperform (NASDAQ:STX) - January 26 at 6:07 AM logoSeagate Surges 15% on 'Home Run' Quarter, But Mind the NAND (NASDAQ:STX) - January 26 at 6:07 AM


What is Seagate Technology PLC's stock symbol?

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

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

Seagate Technology PLC declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Wednesday, March 22nd will be given a dividend of $0.63 per share on Wednesday, April 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Monday, March 20th.

Where is Seagate Technology PLC's stock going? Where will Seagate Technology PLC's stock price be in 2017?

27 equities research analysts have issued 12 month price targets for Seagate Technology PLC's stock. Their predictions range from $5.00 to $55.00. On average, they anticipate Seagate Technology PLC's share price to reach $41.42 in the next year.

When will Seagate Technology PLC announce their earnings?

Seagate Technology PLC is scheduled to release their next quarterly earnings announcement on Thursday, April, 27th 2017.

What are analysts saying about Seagate Technology PLC stock?

Here are some recent quotes from research analysts about Seagate Technology PLC stock:

  • FBN Securities analysts commented, "We are raising our rating on STX from Sector Perform to Outperform and increasing our PT from $38 to $55. Under excellent execution over the past year, the company has successfully (and impressively) improved key financial metrics. For example, gross margin of 31.8% last quarter improved by over 600bp Y/Y and is now at the high-end of the company's LT target of 27-32%, NG opex of $457M grew by only 1% Y/Y as headcount of 44,882 declined by 10% (5,166) Y/Y, and NG operating margin of 16.0% grew by 5.5pp Y/Y. Importantly, the company's free cash flow of $561M more than doubled Y/Y, resulting in a TTM FCF yield of 9% with the stock price near $46 (around the current level). Note that even though the company expects its C2015 NG EPS to be at least $4.50, we are getting C2015 NG EPS of $5.10 (some 13% higher). Additionally, even though the stock has made a strong move over the past year, shares are still quite a bit below the late C2014 high of almost $70. STX also offers an attractive dividend as its quarterly dividend of $.63/share results in an annualized dividend yield of ~5-6%." (1/25/2017)
  • Robert W. Baird analysts commented, "Seagate's earnings rebounded for the third consecutive quarter, driven by a continued, modest unit recovery and ASP stabilization, along with cost cutting. However, quarterly EPS likely peaked near term, and YoY ASP/capacity-per-drive comps will likely become more difficult a quarter from now." (1/25/2017)
  • Jefferies Group LLC analysts commented, "Seagate reported robust FQ2 (Dec) results with EPS well above Consensus driven by revenue strength and robust gross margin. The company also raised EPS expectations for the March quarter and CY'17. Seagate attributed strong financial performance primarily to a focus on high-capacity products across the portfolio and to a lesser degree its cost restructuring activities. Reiterate Buy." (1/25/2017)
  • Brean Capital analysts commented, "Preliminary Sep Q OpEx was $470 million, 6 percent lower Y/Y but was 6 percent higher Q/Q. We believe STX Sep Q OpEx included ~$40 million in variable comps associated with higher revenue and better-aligned business model. Going forward, we believe STX OpEx run-rate should be flat Y/Y for the rest of FY17 ending June but should decline entering H2 '17." (10/12/2016)

  • According to Zacks Investment Research, "Seagate is the second-largest manufacturer of HDDs in the U.S. Estimates have been going up ahead of the company's Q1 earnings release. Seagate's recent decision to cut the global workforce will drive its bottom-line performance in the long run. We believe that it is a step in the right direction as the shrinking of the PC business necessitates measures to align costs accordingly. Going forward, the company should benefit from the strength in its hybrid drives. Also, it is focusing on the enterprise side, where it could acquire higher-margin businesses. Synergies from acquisitions and product innovations are other growth drivers." (10/5/2016)

Who owns Seagate Technology PLC stock?

Seagate Technology PLC's stock is owned by many different of retail and institutional investors. Top institutional shareholders include FMR LLC (11.30%), State Street Corp (3.69%), Two Sigma Investments LP (0.92%), Disciplined Growth Investors Inc. MN (0.84%), O Shaughnessy Asset Management LLC (0.61%) and Guggenheim Capital LLC (0.43%). Company insiders that own Seagate Technology PLC stock include Albert A Pimentel, David H Morton Jr, David H Morton, Jr, David K Richarz, Douglas J Dehaan, Edward J Zander, Frank Biondi, Malley Patrick J O, Mark Re, Philip G Brace, Stephen J Luczo and William D Mosley.

Who sold Seagate Technology PLC stock? Who is selling Seagate Technology PLC stock?

Seagate Technology PLC's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, O Shaughnessy Asset Management LLC, Hanlon Investment Management Inc., ZWJ Investment Counsel Inc., Oxford Asset Management, Smith Salley & Associates, New York State Teachers Retirement System and Jarislowsky Fraser Ltd. Company insiders that have sold Seagate Technology PLC stock in the last year include David H Morton Jr, David H Morton, Jr, Frank Biondi and Mark Re.

Who bought Seagate Technology PLC stock? Who is buying Seagate Technology PLC stock?

Seagate Technology PLC's stock was acquired by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Ardevora Asset Management LLP, State Street Corp, Systematic Financial Management LP, Janus Capital Management LLC, Russell Investments Group Ltd., Guggenheim Capital LLC and Thrivent Financial for Lutherans. Company insiders that have bought Seagate Technology PLC stock in the last two years include Philip G Brace and Stephen J Luczo.

How do I buy Seagate Technology PLC stock?

Shares of Seagate Technology PLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Seagate Technology PLC stock cost?

One share of Seagate Technology PLC stock can currently be purchased for approximately $47.39.

Seagate Technology PLC (NASDAQ:STX) Chart for Friday, February, 24, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Seagate Technology PLC (NASDAQ:STX)

Earnings History Chart

Earnings by Quarter for Seagate Technology PLC (NASDAQ:STX)

Dividend History Chart

Dividend Payments by Quarter for Seagate Technology PLC (NASDAQ:STX)

Last Updated on 2/24/2017 by Staff