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DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NASDAQ:STX

Seagate Technology Stock Forecast, Price & News

$60.51
+0.55 (+0.92 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$59.72
Now: $60.51
$61.09
50-Day Range
$58.48
MA: $62.14
$66.31
52-Week Range
$39.02
Now: $60.51
$66.69
Volume6.26 million shs
Average Volume3.88 million shs
Market Capitalization$15.55 billion
P/E Ratio15.92
Dividend Yield4.43%
Beta0.96
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI, and non-volatile memory express products; solid state hybrid drives; and storage subsystems. Its products are used in enterprise servers and storage systems; and edge compute and non-compute applications. The company also provides enterprise data solutions portfolio comprising storage subsystems for enterprises, cloud service providers, and scale-out storage servers and original equipment manufacturers (OEMs). In addition, it 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 168TB. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology plc was founded in 1978 and is based in Dublin, Ireland.
Seagate Technology logo

MarketRank

Overall MarketRank

1.97 out of 5 stars

Computer And Technology Sector

78th out of 1,258 stocks

Computer Storage Devices Industry

3rd out of 6 stocks

Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryN/A
Current SymbolNASDAQ:STX
CUSIPN/A
Phone353-1234-3136
Employees42,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.51 billion
Cash Flow$7.19 per share
Book Value$6.96 per share

Profitability

Net Income$1.00 billion

Miscellaneous

Market Cap$15.55 billion
Next Earnings Date1/21/2021 (Confirmed)
OptionableOptionable
$60.51
+0.55 (+0.92 %)
(As of 01/15/2021 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 been impacted by Coronavirus?

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, STX stock has increased by 33.6% and is now trading at $60.51.
View which stocks have been most impacted by COVID-19
.

Is Seagate Technology a buy right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 3 sell ratings, 12 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Seagate Technology stock. 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.
View analyst ratings for Seagate Technology
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Seagate Technology?

Wall Street analysts have given Seagate Technology a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Seagate Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Seagate Technology's next earnings date?

Seagate Technology is scheduled to release its next quarterly earnings announcement on Thursday, January 21st 2021.
View our earnings forecast for Seagate Technology
.

How can I listen to Seagate Technology's earnings call?

Seagate Technology will be holding an earnings conference call on Thursday, January 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Seagate Technology's earnings last quarter?

Seagate Technology plc (NASDAQ:STX) posted its earnings results on Thursday, October, 22nd. The data storage provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.76 by $0.17. The data storage provider earned $2.31 billion during the quarter, compared to the consensus estimate of $2.36 billion. Seagate Technology had a return on equity of 68.62% and a net margin of 9.55%. The firm's quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 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 announced a quarterly dividend on Thursday, October 22nd. Investors of record on Wednesday, December 23rd will be paid a dividend of $0.67 per share on Wednesday, January 6th. This represents a $2.68 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a positive change from Seagate Technology's previous quarterly dividend of $0.65.
View Seagate Technology's dividend history
.

Is Seagate Technology a good dividend stock?

Seagate Technology pays an annual dividend of $2.68 per share and currently has a dividend yield of 4.43%. STX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Seagate Technology does not yet have a strock track record of dividend growth. The dividend payout ratio of Seagate Technology is 58.64%. This payout ratio is at a healthy, sustainable level, below 75%.
View Seagate Technology's dividend history.

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

Seagate Technology issued an update on its second quarter earnings guidance on Thursday, October, 22nd. The company provided EPS guidance of $0.95-1.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11. The company issued revenue guidance of $2.35-2.75 billion, compared to the consensus revenue estimate of $2.49 billion.

What price target have analysts set for STX?

23 Wall Street analysts have issued 1-year target prices for Seagate Technology's stock. Their forecasts range from $33.00 to $79.00. On average, they expect Seagate Technology's share price to reach $56.48 in the next year. This suggests that the stock has a possible downside of 6.7%.
View analysts' price targets for Seagate Technology
or view Wall Street analyst' top-rated stocks.

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 International Business Machines (IBM).

Who are Seagate Technology's key executives?

Seagate Technology's management team includes the following people:
  • Dr. William David Mosley, CEO & Director (Age 54, Pay $2.49M)
  • Mr. Gianluca Romano, Exec. VP of Fin. & CFO (Age 52, Pay $1.22M)
  • Mr. Jeffrey David Nygaard, Exec. VP and Head of Operations, Products & Technology (Age 57, Pay $1.38M)
  • Ms. Katherine E. Schuelke, Sr. VP, Chief Legal Officer & Company Sec. (Age 58, Pay $820.58k)
  • Mr. Ban Seng Teh, Sr. VP of Global Sales & Sales Operations (Age 55, Pay $645.73k)
  • Dr. John Morris, Sr. VP & CTO
  • Mr. Ravi Naik, Chief Information Officer
  • Ms. Shanye Hudson, VP of Investor Relations
  • Mr. Matt Rutledge, Sr. VP of Corp. Devel. & Strategy
  • Mr. Jeffrey D. Fochtman, Sr. VP of Bus. & Marketing (Age 47)

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 retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.41%), Cacti Asset Management LLC (0.23%), State of Alaska Department of Revenue (0.07%), CHURCHILL MANAGEMENT Corp (0.06%), Sound Income Strategies LLC (0.01%) and Arden Trust Co (0.01%). 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 Fochtman, 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 Cacti Asset Management LLC, CHURCHILL MANAGEMENT Corp, State of Alaska Department of Revenue, Foundations Investment Advisors LLC, Raymond James Trust N.A., Crossmark Global Holdings Inc., Redpoint Investment Management Pty Ltd, and Arden Trust Co. Company insiders that have sold Seagate Technology company stock in the last year include Ban Seng Teh, Edward J Zander, Holdings LP Valueact, Jeffrey D Fochtman, Jeffrey D Nygaard, Katherine Schuelke, Stephen J Luczo, and Valueact Capital Master Fund,.
View insider buying and selling activity for Seagate Technology
or view top insider-selling stocks.

Which institutional investors are buying Seagate Technology stock?

STX stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Sound Income Strategies LLC, Brookstone Capital Management, Strategic Investment Advisors MI, Louisiana State Employees Retirement System, NuWave Investment Management LLC, Old Port Advisors, and Westside Investment Management Inc.. 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
or or view top insider-buying stocks.

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 WeBull, 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 $60.51.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $15.55 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 1/18/2021 by MarketBeat.com Staff

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