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NASDAQ:STX - Seagate Technology Stock Price, Forecast & News

$58.76
-0.29 (-0.49 %)
(As of 12/15/2019 04:00 PM ET)
Today's Range
$58.59
Now: $58.76
$59.86
50-Day Range
$56.23
MA: $58.56
$60.26
52-Week Range
$35.38
Now: $58.76
$60.56
Volume3.07 million shs
Average Volume2.24 million shs
Market Capitalization$15.44 billion
P/E Ratio12.19
Dividend Yield4.27%
Beta1.62
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. Read More…

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:STX
CUSIPN/A
Phone353-1234-3136

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.39 billion
Cash Flow$7.09 per share
Book Value$8.04 per share

Profitability

Net Income$2.01 billion

Miscellaneous

Employees40,500
Market Cap$15.44 billion
Next Earnings Date2/3/2020 (Estimated)
OptionableOptionable

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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 announced a quarterly dividend on Friday, August 2nd. Investors 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 annualized dividend and a dividend yield of 4.29%. 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) released its quarterly earnings results on Friday, November, 1st. The data storage provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.03. The data storage provider earned $2.58 billion during the quarter, compared to analyst estimates of $2.57 billion. Seagate Technology had a net margin of 17.66% and a return on equity of 61.26%. Seagate Technology's revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 EPS. View Seagate Technology's Earnings History.

When is Seagate Technology's next earnings date?

Seagate Technology is scheduled to release their next quarterly earnings announcement on Monday, February 3rd 2020. View Earnings Estimates for Seagate Technology.

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

Seagate Technology updated its second quarter earnings guidance on Friday, November, 1st. The company provided earnings per share guidance of $1.25-1.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29. The company issued revenue guidance of $2.584-2.856 billion, compared to the consensus revenue estimate of $2.70 billion.

What price target have analysts set for STX?

20 analysts have issued 12-month price targets for Seagate Technology's stock. Their forecasts range from $32.00 to $66.00. On average, they anticipate Seagate Technology's share price to reach $49.50 in the next twelve months. This suggests that the stock has a possible downside of 15.8%. View Analyst Price Targets for Seagate Technology.

What is the consensus analysts' recommendation for Seagate Technology?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 6 sell ratings, 11 hold ratings and 3 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)

Has Seagate Technology been receiving favorable news coverage?

Headlines about STX stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Seagate Technology earned a daily sentiment score of -1.9 on InfoTrie's scale. They also assigned media coverage about the data storage provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Seagate Technology.

Are investors shorting Seagate Technology?

Seagate Technology saw a increase in short interest during the month of November. As of November 15th, there was short interest totalling 15,930,000 shares, an increase of 6.3% from the October 31st total of 14,980,000 shares. Based on an average daily volume of 2,720,000 shares, the short-interest ratio is presently 5.9 days. Currently, 6.1% of the company's shares 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Seagate Technology investors own include Micron Technology (MU), Intel (INTC), Western Digital (WDC), Cisco Systems (CSCO), AT&T (T), Bank of America (BAC), Ford Motor (F), NVIDIA (NVDA), QUALCOMM (QCOM) and Advanced Micro Devices (AMD).

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 State Street Corp (3.98%), Parametric Portfolio Associates LLC (0.65%), Robeco Institutional Asset Management B.V. (0.39%), Cacti Asset Management LLC (0.33%), ANTIPODES PARTNERS Ltd (0.30%) and First Trust Advisors LP (0.25%). Company insiders that own Seagate Technology stock include Chong Sup Park, David H Morton Jr, David H Morton, Jr, Edward J Zander, Holdings LP Valueact, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Katherine Schuelke, Kathryn R Scolnick, Nicholls Stuart, Philip G Brace, Stephen J Luczo, Valueact Capital Master Fund, and William D Mosley. View Institutional Ownership Trends for Seagate Technology.

Which major investors are selling Seagate Technology stock?

STX stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Virginia Retirement Systems ET AL, First Trust Advisors LP, Alps Advisors Inc., Disciplined Growth Investors Inc. MN, Stifel Financial Corp, W.E. Donoghue & Co. LLC and Envestnet Asset Management Inc.. Company insiders that have sold Seagate Technology company stock in the last year include James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Katherine Schuelke, Stephen J Luczo and William D Mosley. View Insider Buying and Selling for Seagate Technology.

Which major investors are buying Seagate Technology stock?

STX stock was purchased by a variety of institutional investors in the last quarter, including ANTIPODES PARTNERS Ltd, Commerzbank Aktiengesellschaft FI, Voloridge Investment Management LLC, Crossmark Global Holdings Inc., State of New Jersey Common Pension Fund D, Teacher Retirement System of Texas, Man Group plc and Great West Life Assurance Co. Can. Company insiders that have bought Seagate Technology stock in the last two years include Holdings LP Valueact 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 $58.76.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $15.44 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?

The official website for Seagate Technology is http://www.seagate.com/.

How can I contact Seagate Technology?

Seagate Technology's mailing address is 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53. 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 (star star)
Outperform Votes:  1,053 (Vote Outperform)
Underperform Votes:  1,226 (Vote Underperform)
Total Votes:  2,279
MarketBeat's community ratings are surveys of what our community members think about Seagate Technology and other stocks. Vote "Outperform" if you believe STX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/15/2019 by MarketBeat.com Staff

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