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Seagate Technology Stock Price, Forecast & Analysis (NASDAQ:STX)

$59.48
-0.13 (-0.22 %)
(As of 11/22/2019 08:00 AM ET)
Today's Range
$59.21
Now: $59.48
$60.07
50-Day Range
$51.72
MA: $56.37
$60.26
52-Week Range
$35.38
Now: $59.48
$60.56
Volume1.87 million shs
Average Volume2.18 million shs
Market Capitalization$15.63 billion
P/E Ratio12.34
Dividend Yield4.22%
Beta1.63
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$7.10 per share
Book Value$6.74 per share

Profitability

Net Income$2.01 billion

Miscellaneous

Employees40,500
Market Cap$15.63 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 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date 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 data on Friday, November, 1st. The data storage provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.00 by $0.03. The data storage provider had revenue of $2.58 billion for 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%. The company's revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the business posted $1.70 earnings per share. 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 issued an update on its second quarter earnings guidance on Friday, November, 1st. The company provided earnings per share (EPS) 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?

21 Wall Street analysts have issued 1-year target prices for Seagate Technology's shares. Their forecasts range from $32.00 to $66.00. On average, they anticipate Seagate Technology's stock price to reach $49.21 in the next year. This suggests that the stock has a possible downside of 17.3%. View Analyst Price Targets for Seagate Technology.

What is the consensus analysts' recommendation for Seagate Technology?

21 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 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)

Has Seagate Technology been receiving favorable news coverage?

News headlines about STX stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Seagate Technology earned a news impact score of -2.5 on InfoTrie's scale. They also assigned media coverage about the data storage provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Seagate Technology.

Are investors shorting Seagate Technology?

Seagate Technology saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 15,930,000 shares, an increase of 6.3% from the September 30th total of 14,980,000 shares. Based on an average daily trading volume, of 2,720,000 shares, the days-to-cover ratio is currently 5.9 days. Approximately 6.1% of the shares of the company are short sold. 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), Ford Motor (F), Bank of America (BAC), 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 a variety of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.39%), Cacti Asset Management LLC (0.33%), ANTIPODES PARTNERS Ltd (0.30%), First Trust Advisors LP (0.25%), Great West Life Assurance Co. Can (0.25%) and Alps Advisors Inc. (0.23%). 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, 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 Virginia Retirement Systems ET AL, First Trust Advisors LP, Alps Advisors Inc., W.E. Donoghue & Co. LLC, Envestnet Asset Management Inc., Empirical Finance LLC, Robeco Institutional Asset Management B.V. and Brookstone Capital Management. 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 institutional 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, Crossmark Global Holdings Inc., State of New Jersey Common Pension Fund D, Teacher Retirement System of Texas, Great West Life Assurance Co. Can, California Public Employees Retirement System and State of Alaska Department of Revenue. 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 $59.48.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $15.63 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:  1,049 (Vote Outperform)
Underperform Votes:  1,223 (Vote Underperform)
Total Votes:  2,272
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 11/22/2019 by MarketBeat.com Staff

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