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

Sign in or create an account to add this stock to your watchlist.
$47.81 +0.13 (+0.27 %)
(As of 03/18/2019 01:54 PM ET)
Previous Close$47.68
Today's Range$47.40 - $48.15
52-Week Range$35.38 - $62.70
Volume134,991 shs
Average Volume3.66 million shs
Market Capitalization$13.35 billion
P/E Ratio8.67
Dividend Yield5.34%
Beta1.65
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.

Receive STX News and Ratings via Email

Sign-up to receive the latest news and ratings for STX and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry N/A
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$7.6374 per share
Book Value$5.80 per share

Profitability

Net Income$1.18 billion

Miscellaneous

Employees43,000
Market Cap$13.35 billion
Next Earnings Date5/7/2019 (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 Monday, February 4th. Investors of record on Wednesday, March 20th will be paid a dividend of $0.63 per share on Wednesday, April 3rd. This represents a $2.52 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Tuesday, March 19th. View Seagate Technology's Dividend History.

How were Seagate Technology's earnings last quarter?

Seagate Technology PLC (NASDAQ:STX) released its quarterly earnings results on Monday, February, 4th. The data storage provider reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.27 by $0.14. The data storage provider earned $2.72 billion during the quarter, compared to analyst estimates of $2.71 billion. Seagate Technology had a net margin of 14.77% and a return on equity of 105.74%. The business's revenue was down 6.6% on a year-over-year basis. During the same period last year, the company posted $1.48 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 Tuesday, May 7th 2019. View Earnings Estimates for Seagate Technology.

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

Seagate Technology issued an update on its third quarter earnings guidance on Monday, February, 4th. The company provided EPS guidance of $0.67-0.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.05. The company issued revenue guidance of $2.185-2.415 billion, compared to the consensus revenue estimate of $2.47 billion.

What price target have analysts set for STX?

24 analysts have issued 1-year price objectives for Seagate Technology's stock. Their predictions range from $32.00 to $60.00. On average, they anticipate Seagate Technology's stock price to reach $44.4667 in the next twelve months. This suggests that the stock has a possible downside of 6.8%. View Analyst Price Targets for Seagate Technology.

What is the consensus analysts' recommendation for Seagate Technology?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 5 sell ratings, 15 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. According to Zacks Investment Research, "Seagate is the second-largest manufacturer of hard disk drives (HDDs) in the U.S. We note that the merger between Western Digital and SanDisk has made it more challenging for Seagate to capture market share in the newer storage technology – SSD. Customer concentration is a major risk for Seagate, as the loss of a single order or customer affects the operating performance significantly. The disk drive market is highly competitive and has experienced drastic pricing pressure due to supply/demand volatility. The situation may compel Seagate to slash hard disk prices, in turn hurting margins. Estimates have moved south lately ahead of the company’s Q2 earnings release. However, synergies from acquisitions and product innovations remains a tailwind." (1/18/2019)
  • 2. Benchmark Co. analysts commented, "Western Digital did not participate in the gaming drive market last quarter." (11/5/2018)
  • 3. Maxim Group analysts commented, "Results disappoint relative to WDC’s HDD results, likely due to yield ramp associated with 12TB high capacity enterprise HDD product. We expect a temporary rise in GM towards the high-end of target model in C2H18 as 12TB yields improve and cloud service provider demand continues to run “hot”. Slightly raising 12-month price target to $54, based on a 10x multiple of our introduced FY20 EPS estimate of $6.04, discounted back to today." (5/2/2018)

Has Seagate Technology been receiving favorable news coverage?

Media coverage about STX stock has trended somewhat positive on Monday, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Seagate Technology earned a daily sentiment score of 1.1 on InfoTrie's scale. They also gave headlines about the data storage provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future.

Are investors shorting Seagate Technology?

Seagate Technology saw a decline in short interest in February. As of February 28th, there was short interest totalling 18,841,331 shares, a decline of 7.8% from the February 15th total of 20,431,499 shares. Based on an average daily volume of 2,940,212 shares, the short-interest ratio is presently 6.4 days. Approximately 6.7% of the company's shares are sold short. 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), NVIDIA (NVDA), Bank of America (BAC), General Electric (GE), Alibaba Group (BABA), Netflix (NFLX) and AT&T (T).

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 investors include ValueAct Holdings L.P. (9.69%), FMR LLC (8.40%), BlackRock Inc. (6.93%), Waratah Capital Advisors Ltd. (4.26%), LSV Asset Management (2.17%) and Oregon Public Employees Retirement Fund (1.88%). 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, Mark Re, Philip G Brace, Stephen J Luczo and Valueact Capital Master Fund,. 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 First Trust Advisors LP, Prudential Financial Inc., Robeco Institutional Asset Management B.V., Bank of Montreal Can, Thrivent Financial for Lutherans, Teacher Retirement System of Texas, Canada Pension Plan Investment Board and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Seagate Technology company stock in the last year include Edward J Zander, James J Murphy, Jeffrey D Nygaard, Kathryn R Scolnick and Stephen J Luczo. View Insider Buying and Selling for Seagate Technology.

Which major investors are buying Seagate Technology stock?

STX stock was acquired by a variety of institutional investors in the last quarter, including Waratah Capital Advisors Ltd., Oregon Public Employees Retirement Fund, Norges Bank, Amundi Pioneer Asset Management Inc., ValueAct Holdings L.P., FMR LLC, APG Asset Management N.V. and WINTON GROUP Ltd. 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 $47.71.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $13.32 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:  1,002 (Vote Outperform)
Underperform Votes:  1,153 (Vote Underperform)
Total Votes:  2,155
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 3/18/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel