Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.
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Industry, Sector and Symbol
Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
Phone353-1234-3136
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$10.39 billion
Profitability
Miscellaneous
Employees40,500
Next Earnings Date11/1/2019 (Estimated)
OptionableOptionable
Seagate Technology (NASDAQ:STX) Frequently Asked Questions
What is Seagate Technology's stock symbol?
Seagate Technology trades on the NASDAQ under the ticker symbol "STX."
How often does Seagate Technology pay dividends? What is the dividend yield for Seagate Technology?
Seagate Technology declared a quarterly dividend on Friday, August 2nd. Stockholders of record on Wednesday, September 25th will be paid a dividend of $0.63 per share on Wednesday, October 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Tuesday, September 24th. View Seagate Technology's Dividend History.
How were Seagate Technology's earnings last quarter?
Seagate Technology PLC (NASDAQ:STX) issued its quarterly earnings results on Friday, August, 2nd. The data storage provider reported $0.86 EPS for the quarter, topping the Zacks' consensus estimate of $0.83 by $0.03. The data storage provider had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.33 billion. Seagate Technology had a net margin of 19.36% and a return on equity of 72.07%. The firm's revenue was down 16.4% compared to the same quarter last year. During the same period last year, the business earned $1.62 EPS. View Seagate Technology's Earnings History.
When is Seagate Technology's next earnings date?
What guidance has Seagate Technology issued on next quarter's earnings?
Seagate Technology updated its first quarter earnings guidance on Wednesday, September, 18th. The company provided EPS guidance of $0.94-1.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.90. The company issued revenue guidance of $2.42-2.68 billion, compared to the consensus revenue estimate of $2.56 billion.
What price target have analysts set for STX?
24 equities research analysts have issued twelve-month target prices for Seagate Technology's stock. Their forecasts range from $32.00 to $60.00. On average, they anticipate Seagate Technology's share price to reach $47.70 in the next twelve months. This suggests that the stock has a possible downside of 9.0%. View Analyst Price Targets for Seagate Technology.
What is the consensus analysts' recommendation for Seagate Technology?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 5 sell ratings, 15 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Seagate Technology.
What are Wall Street analysts saying about Seagate Technology stock?
Here are some recent quotes from research analysts about Seagate Technology stock:
- 1. Mizuho analysts commented, "We believe N-T tariff and supply chain overhangs remain a drag on demand, but L-T, improving nearline HDD with hyperscale and DC demand into 2020E should be positive." (9/19/2019)
- 2. According to Zacks Investment Research, "Seagate is the second-largest manufacturer of hard disk drives (HDDs) in the U.S. The company is benefiting from growing Exabyte demand across most of the markets it caters. Moreover, increasing traction for mass storage solutions across company’s edge and enterprise markets remains a tailwind. We believe Seagate’s NAND-supply deal with Toshiba will help it in developing advanced HDD, SSD and hybrid solutions. Its Nearline’s rapid adoption is likely to boost Seagate’s competitive position against Western Digital. . However, stiff competition from peers might lead to pricing pressure. Further, the disk drive market is highly competitive and has experienced drastic pricing pressure due to supply/demand volatility. Also, a declining trend in PC shipments is detrimental to business prospects of Seagate, which continues to depend substantially on PC sales." (4/26/2019)
- 3. Benchmark Co. analysts commented, "Western Digital did not participate in the gaming drive market last quarter." (11/5/2018)
Has Seagate Technology been receiving favorable news coverage?
Headlines about STX stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Seagate Technology earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned news headlines about the data storage provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Seagate Technology.
Are investors shorting Seagate Technology?
Seagate Technology saw a decline in short interest in August. As of August 31st, there was short interest totalling 14,692,200 shares, a decline of 13.3% from the July 31st total of 16,954,000 shares. Based on an average daily trading volume, of 2,690,000 shares, the short-interest ratio is currently 5.5 days. Approximately 5.5% of the shares of the stock are sold short. View Seagate Technology's Current Options Chain.
Who are some of Seagate Technology's key competitors?
What other stocks do shareholders of Seagate Technology own?
Who are Seagate Technology's key executives?
Seagate Technology's management team includes the folowing people:
- Mr. Stephen J. Luczo, Exec. Chairman (Age 62)
- Dr. William David Mosley, Pres, CEO & Director (Age 52)
- Mr. James J. Murphy, Exec. VP of Worldwide Sales & Marketing (Age 60)
- Mr. Jeffrey D. Nygaard, Exec. VP of Global Operations (Age 55)
- Mr. Gianluca Romano, Exec. VP & CFO
Who are Seagate Technology's major shareholders?
Seagate Technology's stock is owned by many different of retail and institutional investors. Top institutional investors include ValueAct Holdings L.P. (11.73%), Vanguard Group Inc. (10.55%), BlackRock Inc. (7.22%), BlackRock Inc. (7.22%), LSV Asset Management (2.15%) and APG Asset Management N.V. (1.13%). Company insiders that own Seagate Technology stock include Chong Sup Park, Dambisa F Moyo, David H Morton Jr, David H Morton, Jr, Edward J Zander, Holdings LP Valueact, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Kathryn R Scolnick, Philip G Brace, Stephen J Luczo, Valueact Capital Master Fund, and William D Mosley. View Institutional Ownership Trends for Seagate Technology.
Which institutional investors are selling Seagate Technology stock?
STX stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Amundi Pioneer Asset Management Inc., AQR Capital Management LLC, Holocene Advisors LP, WINTON GROUP Ltd, Schroder Investment Management Group, BlackRock Inc. and BlackRock Inc.. Company insiders that have sold Seagate Technology company stock in the last year include James J Murphy, Stephen J Luczo and William D Mosley. View Insider Buying and Selling for Seagate Technology.
Which institutional investors are buying Seagate Technology stock?
STX stock was bought by a variety of institutional investors in the last quarter, including ValueAct Holdings L.P., Morgan Stanley, Virginia Retirement Systems ET AL, First Trust Advisors LP, GAM Holding AG, Renaissance Technologies LLC, W.E. Donoghue & Co. LLC and Teacher Retirement System of Texas. Company insiders that have bought Seagate Technology stock in the last two years include Holdings LP Valueact, Jeffrey D Nygaard and Valueact Capital Master Fund,. View Insider Buying and Selling for Seagate Technology.
How do I buy shares of Seagate Technology?
Shares of STX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Seagate Technology's stock price today?
One share of STX stock can currently be purchased for approximately $52.40.
How big of a company is Seagate Technology?
Seagate Technology has a market capitalization of $13.84 billion and generates $10.39 billion in revenue each year. The data storage provider earns $2.01 billion in net income (profit) each year or $4.82 on an earnings per share basis. Seagate Technology employs 40,500 workers across the globe.View Additional Information About Seagate Technology.
What is Seagate Technology's official website?
How can I contact Seagate Technology?
Seagate Technology's mailing address is 38/39 FITZWILLIAM SQUARE, DUBLIN L2, KY1-1104. The data storage provider can be reached via phone at 353-1234-3136 or via email at [email protected]
MarketBeat Community Rating for Seagate Technology (NASDAQ STX)
| Community Ranking: | | 2.3 out of 5 ( ) |
| Outperform Votes: | | 1,032 (Thanks for Voting!) |
| Underperform Votes: | | 1,203 (Thanks for Voting!) |
| Total Votes: | | 2,235 |
