Seagate Technology (STX) Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 6 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.
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16 equities research analysts have issued 12 month price targets for Seagate Technology's shares. Their STX share price forecasts range from $38.00 to $80.00. On average, they predict the company's share price to reach $62.28 in the next year. This suggests that the stock has a possible downside of 4.8%.
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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 24.4% and is now trading at $65.45.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Seagate Technology Holdings plc (NASDAQ:STX) released its quarterly earnings results on Wednesday, July, 26th. The data storage provider reported ($0.18) EPS for the quarter, topping the consensus estimate 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 trailing twelve-month return on equity of 69.08% and a negative net margin of 7.16%. The firm's quarterly revenue was down 39.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 earnings per share.
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Seagate Technology announced a quarterly dividend on Wednesday, July 26th. Stockholders of record on Tuesday, September 26th will be paid a dividend of $0.70 per share on Tuesday, October 10th. This represents a $2.80 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, September 25th.
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), US Equity Dividend Select ETF (RNDV), Fidelity Cloud Computing ETF (FCLD), ALPS Sector Dividend Dogs ETF (SDOG), AAM S&P 500 High Dividend Value ETF (SPDV), Invesco S&P 500 Equal Weight Technology ETF (RSPT) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG).

Seagate Technology (NASDAQ:STX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 4.27%. 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.

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.

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 trades on the NASDAQ under the ticker symbol "STX."

Seagate Technology's stock is owned by many different retail and institutional investors. Top institutional investors 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.
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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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One share of STX stock can currently be purchased for approximately $65.45.

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.

The company employs 33,400 workers across the globe.

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.