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Seagate Technology Stock Forecast, Price & News

-0.32 (-0.65 %)
(As of 09/18/2020 12:00 AM ET)
Today's Range
Now: $48.82
50-Day Range
MA: $46.01
52-Week Range
Now: $48.82
Volume4.64 million shs
Average Volume3.06 million shs
Market Capitalization$12.52 billion
P/E Ratio12.85
Dividend Yield5.29%
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. The company's products are used in enterprise servers and storage systems; edge compute/client compute applications, primarily for desktop and mobile computing; and edge non-compute/client non-compute applications, such as various end user devices comprising portable external storage systems, surveillance systems, digital video recorders, network-attached storages, and gaming consoles, as well as data centers. It also provides cloud systems and solutions portfolio that includes modular original equipment manufacturer (OEM) storage systems and scale-out storage servers. In addition, the company offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 120TB. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology plc was founded in 1979 and is headquartered in Dublin, Ireland.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.82 out of 5 stars

Industry, Sector and Symbol

Industry Computer storage devices
Current SymbolNASDAQ:STX



Sales & Book Value

Annual Sales$10.51 billion
Cash Flow$6.49 per share
Book Value$6.96 per share


Net Income$1.00 billion


Market Cap$12.52 billion
Next Earnings Date11/6/2020 (Estimated)
-0.32 (-0.65 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Seagate Technology (NASDAQ:STX) Frequently Asked Questions

How has Seagate Technology's stock price been impacted by COVID-19?

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, STX stock has increased by 7.8% and is now trading at $48.82.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Seagate Technology?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 4 sell ratings, 13 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Seagate Technology

When is Seagate Technology's next earnings date?

Seagate Technology is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
View our earnings forecast for Seagate Technology

How were Seagate Technology's earnings last quarter?

Seagate Technology PLC (NASDAQ:STX) issued its earnings results on Tuesday, July, 28th. The data storage provider reported $1.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.20. The data storage provider had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.62 billion. Seagate Technology had a net margin of 9.55% and a return on equity of 68.62%. Seagate Technology's revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share.
View Seagate Technology's earnings history

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

Seagate Technology declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.65 per share on Wednesday, October 7th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Tuesday, September 22nd.
View Seagate Technology's dividend history

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

Seagate Technology issued an update on its first quarter earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $0.70 to $1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.27. The company issued revenue guidance of $2.10 billion to $2.50 billion, compared to the consensus revenue estimate of $2.59 billion.

What price target have analysts set for STX?

23 Wall Street analysts have issued twelve-month price targets for Seagate Technology's shares. Their forecasts range from $33.00 to $66.00. On average, they anticipate Seagate Technology's stock price to reach $53.00 in the next year. This suggests a possible upside of 8.6% from the stock's current price.
View analysts' price targets 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. According to Zacks Investment Research, "Seagate is witnessing robust demand for its nearline HDD products. The company is also gaining from solid demand for 16 terabyte (TB) products and is well poised to gain from ramp up of 18 TB drives. Notably, shares of Seagate have outperformed the industry on a year-to-date basis. Further, growing clout of mass storage solutions and higher HDD demand across hyperscalers, edge and enterprise markets, driven by exponential data growth triggered by coronavirus crisis led digitization is a positive. However, legacy segment is likely to bear the brunt of sluggish IT spending across small and medium enterprises. Further, the company provided bleak guidance for the fiscal first quarter. Also, increasing expenses on product enhancements amid stiff competition from its peers in the disk drive market might limit margin expansion at least in the near term." (9/18/2020)
  • 2. 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)

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 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 IBM (IBM).

Who are Seagate Technology's key executives?

Seagate Technology's management team includes the following 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

What is Seagate Technology's stock symbol?

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

Who are Seagate Technology's major shareholders?

Seagate Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.18%), FMR LLC (5.84%), LSV Asset Management (2.19%), Bank of New York Mellon Corp (1.21%), AQR Capital Management LLC (0.82%) and Prudential PLC (0.73%). Company insiders that own Seagate Technology stock include Ban Seng Teh, Edward J Zander, Holdings LP Valueact, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Katherine Schuelke, Nicholls Stuart, 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 FMR LLC, Vanguard Group Inc., Canada Pension Plan Investment Board, MERIAN GLOBAL INVESTORS UK Ltd, AQR Capital Management LLC, Two Sigma Advisers LP, APG Asset Management N.V., and Robeco Institutional Asset Management B.V.. Company insiders that have sold Seagate Technology company stock in the last year include Ban Seng Teh, Edward J Zander, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Katherine Schuelke, and Stephen J Luczo.
View insider buying and selling activity 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 AJO LP, Assetmark Inc., Prudential PLC, Wedge Capital Management L L P NC, ANTIPODES PARTNERS Ltd, CHURCHILL MANAGEMENT Corp, Todd Asset Management LLC, and Teachers Retirement System of The State of Kentucky. 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 activity 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 $48.82.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $12.52 billion and generates $10.51 billion in revenue each year. The data storage provider earns $1.00 billion in net income (profit) each year or $4.57 on an earnings per share basis. Seagate Technology employs 42,000 workers across the globe.

What is Seagate Technology's official website?

The official website for Seagate Technology is 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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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