NASDAQ:STX - Seagate Technology Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $43.86 +1.14 (+2.67 %) (As of 11/16/2018 02:29 AM ET)Previous Close$42.72Today's Range$42.21 - $44.2452-Week Range$36.69 - $62.70Volume3.10 million shsAverage Volume4.04 million shsMarket Capitalization$11.99 billionP/E Ratio7.96Dividend Yield5.92%Beta1.71 ProfileDiscussionAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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 Stock Exchange NASDAQ Industry Computer storage devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:STX Previous Symbol CUSIPN/A Webwww.seagate.com Phone353-1234-3136 Debt Debt-to-Equity Ratio2.34 Current Ratio1.42 Quick Ratio1.07 Price-To-Earnings Trailing P/E Ratio7.96 Forward P/E Ratio8.23 P/E Growth0.63 Sales & Book Value Annual Sales$11.18 billion Price / Sales1.12 Cash Flow$8.0477 per share Price / Cash5.45 Book Value$6.45 per share Price / Book6.80 Profitability EPS (Most Recent Fiscal Year)$5.51 Net Income$1.18 billion Net Margins12.57% Return on Equity123.05% Return on Assets19.88% Miscellaneous Employees43,000 Outstanding Shares286,200,000Market Cap$11.99 billion 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 Friday, November 2nd. Stockholders of record on Wednesday, December 19th will be paid a dividend of $0.63 per share on Wednesday, January 2nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Tuesday, December 18th. View Seagate Technology's Dividend History. How were Seagate Technology's earnings last quarter? Seagate Technology PLC (NASDAQ:STX) issued its quarterly earnings data on Friday, November, 2nd. The data storage provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.15. The data storage provider had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.95 billion. Seagate Technology had a net margin of 12.57% and a return on equity of 123.05%. Seagate Technology's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 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 Monday, February 4th 2019. View Earnings Estimates for Seagate Technology. What price target have analysts set for STX? 26 brokerages have issued 12-month price objectives for Seagate Technology's shares. Their forecasts range from $32.00 to $63.00. On average, they expect Seagate Technology's share price to reach $50.1053 in the next year. This suggests a possible upside of 14.2% from the stock's current price. View Analyst Price Targets for Seagate Technology. What is the consensus analysts' recommendation for Seagate Technology? 26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 4 sell ratings, 17 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. Benchmark Co. analysts commented, "Western Digital did not participate in the gaming drive market last quarter." (11/5/2018) 2. According to Zacks Investment Research, "Seagate is benefiting from robust adoption driven by strong demand of company’s storage drives. Moreover, increasing traction for mass storage solutions across company’s edge and enterprise markets remains a tailwind. Hints of PC market stabilization as reflected in the latest reports from Gartner and IDC bodes well for Seagate. 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. The company’s effort in the improvement of areal density with the ramping up of its HAMR technology is another positive. Shares of Seagate have outperformed industry in the past year. Seagate has positive record of earnings surprises in recent quarters. However, stiff competition from peers might lead to pricing pressure. Further, customer concentration is a concern." (10/8/2018) 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) 4. Guggenheim analysts commented, "We think gross margin upside was likely a bit less than investors anticipated, however, and that STX’s opex and capex cuts have largely now played out. With that, we continue to see STX needing to target enterprise SSD growth as its NEXT phase of leverage, yet with that a market where it has so far lagged. Maintain NEUTRAL as we continue to see more upside potential in Western Digital (WDC, BUY, $78.87)." (5/1/2018) Has Seagate Technology been receiving favorable news coverage? Press coverage about STX stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Seagate Technology earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned media stories 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 impact on the stock's share price in the immediate future. Are investors shorting Seagate Technology? Seagate Technology saw a decrease in short interest in October. As of October 31st, there was short interest totalling 26,467,767 shares, a decrease of 11.9% from the October 15th total of 30,048,727 shares. Based on an average daily volume of 4,302,554 shares, the short-interest ratio is presently 6.2 days. Approximately 9.3% of the company's stock are short sold. 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 America Movil SAB de CV ADR Series L (AMX), Orange (ORAN), Micron Technology (MU), Infosys (INFY), Cognizant Technology Solutions (CTSH), HP (HPQ), Nidec (NJDCY), Koninklijke Philips (PHG), AMADEUS IT Hldg/ADR (AMADY), DAIKIN INDUSTRI/ADR (DKILY), China Unicom (Hong Kong) (CHU), Nokia Oyj (NOK), Applied Materials (AMAT), Dassault Systemes (DASTY) and Analog Devices (ADI). Who are Seagate Technology's key executives? Seagate Technology's management team includes the folowing people: Mr. Stephen J. Luczo, Exec. Chairman (Age 61)Dr. William David Mosley, Pres, CEO & Director (Age 51)Mr. James J. Murphy, Exec. VP of Worldwide Sales & Marketing (Age 59)Ms. Kathryn R. Scolnick, Interim CFO and Sr. VP of Fin., Corp. Communications & TreasuryMs. Géraldine Hottier-Fayon, Interim Principal Accounting Officer, VP of Fin. & Corp. Controller (Age 44) Who are Seagate Technology's major shareholders? Seagate Technology's stock is owned by a number of of retail and institutional investors. Top institutional investors include ValueAct Holdings L.P. (9.22%), FMR LLC (8.06%), BlackRock Inc. (6.77%), LSV Asset Management (2.18%), Skandinaviska Enskilda Banken AB publ (1.91%) and AQR Capital Management LLC (1.46%). 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, 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 FMR LLC, WBI Investments Inc., Mitsubishi UFJ Trust & Banking Corp, Renaissance Technologies LLC, GAM Holding AG, BlackRock Inc., Korea Investment CORP and Hsbc Holdings PLC. Company insiders that have sold Seagate Technology company stock in the last year include Chong Sup Park, David H Morton Jr, David H Morton, Jr, Edward J Zander, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Kathryn R Scolnick, Philip G Brace and Stephen J Luczo. View Insider Buying and Selling for Seagate Technology. Which institutional investors are buying Seagate Technology stock? STX stock was bought by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ, ValueAct Holdings L.P., AQR Capital Management LLC, Janus Henderson Group PLC, Schroder Investment Management Group, First Trust Advisors LP, American Century Companies Inc. and Allianz Asset Management GmbH. 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 $43.86. How big of a company is Seagate Technology? Seagate Technology has a market capitalization of $11.99 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 ( )Outperform Votes: 979 (Vote Outperform)Underperform Votes: 1,119 (Vote Underperform)Total Votes: 2,098MarketBeat'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 11/16/2018 by MarketBeat.com StaffFeatured Article: What are earnings reports?