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

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$43.19 -0.55 (-1.26 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$43.19
Today's Range$42.9110 - $44.08
52-Week Range$35.38 - $59.93
Volume2.34 million shs
Average Volume3.38 million shs
Market Capitalization$11.96 billion
P/E Ratio7.84
Dividend Yield5.76%
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. 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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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$11.18 billion
Cash Flow$7.1864 per share
Book Value$6.10 per share

Profitability

Net Income$1.18 billion

Miscellaneous

Employees43,000
Market Cap$11.96 billion
Next Earnings Date7/29/2019 (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 Wednesday, May 1st. Investors of record on Wednesday, June 19th will be given a dividend of $0.63 per share on Wednesday, July 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Tuesday, June 18th. 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 Tuesday, April, 30th. The data storage provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.12. The data storage provider had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.32 billion. Seagate Technology had a return on equity of 90.33% and a net margin of 13.73%. The business's revenue for the quarter was down 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 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, July 29th 2019. View Earnings Estimates for Seagate Technology.

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

Seagate Technology updated its fourth quarter 2019 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of $0.79-0.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79. The company issued revenue guidance of $2.204-2.436 billion, compared to the consensus revenue estimate of $2.32 billion.Seagate Technology also updated its Q4 guidance to ~$0.83 EPS.

What price target have analysts set for STX?

19 analysts have issued 12 month price objectives for Seagate Technology's shares. Their predictions range from $32.00 to $60.00. On average, they expect Seagate Technology's stock price to reach $46.40 in the next year. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for Seagate Technology.

What is the consensus analysts' recommendation for Seagate Technology?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 4 sell ratings, 10 hold ratings and 5 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. 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)
  • 2. 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?

News stories about STX stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Seagate Technology earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave press coverage about the data storage provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

Are investors shorting Seagate Technology?

Seagate Technology saw a drop in short interest in the month of April. As of April 15th, there was short interest totalling 15,348,224 shares, a drop of 10.0% from the March 29th total of 17,045,748 shares. Based on an average daily volume of 2,637,453 shares, the short-interest ratio is currently 5.8 days. Approximately 5.5% of the shares of the company are sold short. View Seagate Technology's Current Options Chain.

Who are some of Seagate Technology's key competitors?

Some companies that are related to Seagate Technology include NetApp (NTAP), Western Digital (WDC), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

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), Western Digital (WDC), Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), Ford Motor (F), Bank of America (BAC), AT&T (T), General Electric (GE) 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 number of of retail and institutional investors. Top institutional shareholders include ValueAct Holdings L.P. (10.66%), Clearbridge Investments LLC (9.34%), FMR LLC (8.47%), BlackRock Inc. (7.13%), LSV Asset Management (2.17%) and Amundi Pioneer Asset Management Inc. (1.76%). 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, Elizabeth Moore, Holdings LP Valueact, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Kathryn R Scolnick, Philip G Brace, Stephen J Luczo and Valueact Capital Master Fund,. 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 AQR Capital Management LLC, Wellington Management Group LLP, Janus Henderson Group PLC, Todd Asset Management LLC, O Shaughnessy Asset Management LLC, Geode Capital Management LLC, Alps Advisors Inc. and LSV Asset Management. Company insiders that have sold Seagate Technology company stock in the last year include James J Murphy, Kathryn R Scolnick and Stephen J Luczo. View Insider Buying and Selling for Seagate Technology.

Which institutional investors are buying Seagate Technology stock?

STX stock was acquired by a variety of institutional investors in the last quarter, including ValueAct Holdings L.P., Renaissance Technologies LLC, BlackRock Inc., Morgan Stanley, Andra AP fonden, Charles Schwab Investment Management Inc., KCL Capital L.P. and The Manufacturers Life Insurance Company . Company insiders that have bought Seagate Technology stock in the last two years include Holdings LP Valueact, Jeffrey D Nygaard, Philip G Brace 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, Scottrade, Fidelity and Charles Schwab.

What is Seagate Technology's stock price today?

One share of STX stock can currently be purchased for approximately $43.19.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $11.96 billion and generates $11.18 billion in revenue each year. The data storage provider earns $1.18 billion in net income (profit) each year or $5.51 on an earnings per share basis. Seagate Technology employs 43,000 workers across the globe.

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, 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 (star star)
Outperform Votes:  1,014 (Vote Outperform)
Underperform Votes:  1,170 (Vote Underperform)
Total Votes:  2,184
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 5/25/2019 by MarketBeat.com Staff

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