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DOW   31,535.51
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S&P 500   3,901.82
DOW   31,535.51
QQQ   323.59
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S&P 500   3,901.82
DOW   31,535.51
QQQ   323.59
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S&P 500   3,901.82
DOW   31,535.51
QQQ   323.59
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NASDAQ:STX

Seagate Technology Stock Forecast, Price & News

$73.81
+0.58 (+0.79 %)
(As of 03/1/2021 12:00 AM ET)
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Today's Range
$73.56
Now: $73.81
$75.35
50-Day Range
$58.72
MA: $67.33
$74.34
52-Week Range
$39.02
Now: $73.81
$77.07
Volume2.53 million shs
Average Volume3.87 million shs
Market Capitalization$17.47 billion
P/E Ratio18.83
Dividend Yield3.66%
Beta1.22
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

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.51 billion
Cash Flow$7.63 per share
Book Value$6.96 per share

Profitability

Net Income$1.00 billion

Miscellaneous

Market Cap$17.47 billion
Next Earnings Date4/28/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.35 out of 5 stars

Computer And Technology Sector

13th out of 1,527 stocks

Computer Storage Devices Industry

2nd out of 7 stocks

Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$73.81
+0.58 (+0.79 %)
(As of 03/1/2021 12:00 AM ET)
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Seagate Technology (NASDAQ:STX) Frequently Asked Questions

Is Seagate Technology a buy right now?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 3 sell ratings, 11 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 top-rated stocks.

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.

Are investors shorting Seagate Technology?

Seagate Technology saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 19,700,000 shares, an increase of 16.0% from the December 31st total of 16,980,000 shares. Based on an average trading volume of 3,620,000 shares, the short-interest ratio is presently 5.4 days. Approximately 7.7% of the shares of the stock are short sold.
View Seagate Technology's Short Interest
.

When is Seagate Technology's next earnings date?

Seagate Technology is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Seagate Technology
.

How were Seagate Technology's earnings last quarter?

Seagate Technology plc (NASDAQ:STX) issued its quarterly earnings results on Wednesday, January, 20th. The data storage provider reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.13 by $0.16. The data storage provider had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.55 billion. Seagate Technology had a trailing twelve-month return on equity of 65.10% and a net margin of 10.02%. During the same quarter in the previous year, the business posted $1.35 earnings per share.
View Seagate Technology's earnings history
.

How has Seagate Technology's stock been impacted by Coronavirus (COVID-19)?

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, STX stock has increased by 62.9% and is now trading at $73.81.
View which stocks have been most impacted by COVID-19
.

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

Seagate Technology announced a quarterly dividend on Thursday, January 21st. Stockholders of record on Wednesday, March 24th will be given a dividend of $0.67 per share on Wednesday, April 7th. This represents a $2.68 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Tuesday, March 23rd.
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 3.66%. 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%. Based on earnings estimates, Seagate Technology will have a dividend payout ratio of 45.50% next year. This indicates that Seagate Technology will be able to sustain or increase its dividend.
View Seagate Technology's dividend history.

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

Seagate Technology updated its third quarter 2021 After-Hours earnings guidance on Thursday, January, 21st. The company provided EPS guidance of 1.15-1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.26. The company issued revenue guidance of $2.45-2.85 billion, compared to the consensus revenue estimate of $2.63 billion.

What price target have analysts set for STX?

24 brokerages have issued 1-year target prices for Seagate Technology's shares. Their forecasts range from $33.00 to $95.00. On average, they anticipate Seagate Technology's stock price to reach $67.27 in the next year. This suggests that the stock has a possible downside of 8.9%.
View analysts' price targets for Seagate Technology
or view top-rated stocks among Wall Street analysts.

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 51, Pay $1.22M)
  • Mr. Jeffrey David Nygaard, Exec. VP and Head of Operations, Products & Technology (Age 56, 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 54, 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 46)

What is Dave Mosley's approval rating as Seagate Technology's CEO?

246 employees have rated Seagate Technology CEO Dave Mosley on Glassdoor.com. Dave Mosley has an approval rating of 68% among Seagate Technology's employees.

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).

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 investors include BlackRock Inc. (6.93%), FMR LLC (5.92%), Clearbridge Investments LLC (5.86%), JPMorgan Chase & Co. (2.12%), Morgan Stanley (1.72%) and Northern Trust Corp (1.04%). 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 major investors are selling Seagate Technology stock?

STX stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, FMR LLC, Prudential PLC, Bank of New York Mellon Corp, BlackRock Inc., Janus Henderson Group PLC, Wells Fargo & Company MN, and Todd Asset Management LLC. 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, Stephen J Luczo, and Valueact Capital Master Fund,.
View insider buying and selling activity for Seagate Technology
or view top insider-selling stocks.

Which major investors are buying Seagate Technology stock?

STX stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Wedge Capital Management L L P NC, Morgan Stanley, Nuveen Asset Management LLC, HighTower Advisors LLC, Voloridge Investment Management LLC, Dai Ichi Life Insurance Company Ltd, and KBC Group NV.
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.
Compare Top Brokerages Here.

What is Seagate Technology's stock price today?

One share of STX stock can currently be purchased for approximately $73.81.

How much money does Seagate Technology make?

Seagate Technology has a market capitalization of $17.47 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.

How many employees does Seagate Technology have?

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.

Where are Seagate Technology's headquarters?

Seagate Technology is headquartered at 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53.

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 3/2/2021 by MarketBeat.com Staff

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