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

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$46.83 -0.10 (-0.21 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$46.93
Today's Range$46.25 - $47.60
52-Week Range$35.38 - $62.70
Volume2.64 million shs
Average Volume3.60 million shs
Market Capitalization$13.08 billion
P/E Ratio8.50
Dividend Yield5.37%
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.

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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$7.6645 per share
Book Value$5.80 per share

Profitability

Net Income$1.18 billion

Miscellaneous

Employees43,000
Market Cap$13.08 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.38%. 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 earnings results on Monday, February, 4th. The data storage provider reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.27 by $0.14. The data storage provider earned $2.72 billion during the quarter, compared to analysts' expectations of $2.71 billion. Seagate Technology had a return on equity of 105.74% and a net margin of 14.77%. Seagate Technology's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 earnings per share guidance of $0.67-0.74 for the period, compared to the Thomson Reuters consensus EPS 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 equities research analysts have issued 12 month 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 5.0%. 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. 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." (3/19/2019)
  • 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?

Press coverage about STX stock has trended somewhat negative this week, according to InfoTrie. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog 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 coverage optimism score of -1.1 on InfoTrie's scale. They also assigned press coverage about the data storage provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Seagate Technology?

Seagate Technology saw a decline in short interest in the month of 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 trading volume of 2,940,212 shares, the short-interest ratio is currently 6.4 days. Currently, 6.7% 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), Intel (INTC), Western Digital (WDC), Cisco Systems (CSCO), NVIDIA (NVDA), Bank of America (BAC), General Electric (GE), AT&T (T), Alibaba Group (BABA) and Netflix (NFLX).

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 many different of retail and institutional 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 bought 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 $46.83.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $13.08 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:  1,004 (Vote Outperform)
Underperform Votes:  1,156 (Vote Underperform)
Total Votes:  2,160
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 3/25/2019 by MarketBeat.com Staff

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