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NASDAQ:STX

Seagate Technology Stock Forecast, Price & News

$58.48
+0.14 (+0.24 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$58.31
Now: $58.48
$59.13
50-Day Range
$47.66
MA: $52.49
$58.55
52-Week Range
$39.02
Now: $58.48
$64.17
Volume1.46 million shs
Average Volume3.02 million shs
Market Capitalization$15.03 billion
P/E Ratio15.39
Dividend Yield4.46%
Beta0.96
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.51 billion
Cash Flow$6.95 per share
Book Value$6.96 per share

Profitability

Net Income$1.00 billion

Miscellaneous

Market Cap$15.03 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$58.48
+0.14 (+0.24 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Seagate Technology (NASDAQ:STX) Frequently Asked Questions

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 (WHO). Since then, STX shares have increased by 29.1% and is now trading at $58.48.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Seagate Technology?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 3 sell ratings, 12 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Seagate Technology
or view MarketBeat's top 5 stock picks.

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 winning trading ideas this year 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.

When is Seagate Technology's next earnings date?

Seagate Technology is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Seagate Technology
.

How were Seagate Technology's earnings last quarter?

Seagate Technology plc (NASDAQ:STX) posted its earnings results on Thursday, October, 22nd. The data storage provider reported $0.93 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.17. The data storage provider earned $2.31 billion during the quarter, compared to the consensus estimate of $2.36 billion. Seagate Technology had a net margin of 9.55% and a return on equity of 68.62%. The firm's revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share.
View Seagate Technology's earnings history
.

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

Seagate Technology declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Wednesday, December 23rd will be paid a dividend of $0.67 per share on Wednesday, January 6th. This represents a $2.68 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Tuesday, December 22nd. This is a positive change from Seagate Technology's previous quarterly dividend of $0.65.
View Seagate Technology's dividend history
.

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

Seagate Technology issued an update on its second quarter earnings guidance on Thursday, October, 22nd. The company provided earnings per share (EPS) guidance of $0.95-1.25 for the period, compared to the Thomson Reuters consensus estimate of $1.11. The company issued revenue guidance of $2.35-2.75 billion, compared to the consensus revenue estimate of $2.49 billion.

What price target have analysts set for STX?

23 Wall Street analysts have issued 1 year price objectives for Seagate Technology's shares. Their forecasts range from $33.00 to $66.00. On average, they anticipate Seagate Technology's share price to reach $53.95 in the next year. This suggests that the stock has a possible downside of 7.7%.
View analysts' price targets for Seagate Technology
.

Who are some of Seagate Technology's key competitors?

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

Who are Seagate Technology's key executives?

Seagate Technology's management team includes the following people:
  • Dr. William David Mosley, CEO & Director (Age 53, Pay $2.49M)
  • Mr. Gianluca Romano, Exec. VP of Fin. & CFO (Age 51, Pay $1.22M)
  • Mr. Jeffrey D. 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 57, 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 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.55%), State Street Corp (3.99%), LSV Asset Management (2.19%), Morgan Stanley (1.29%), Great West Life Assurance Co. Can (0.99%) and Prudential PLC (0.67%). 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 Nygaard, Katherine Schuelke, Nicholls Stuart, 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 State Street Corp, AQR Capital Management LLC, UBS Asset Management Americas Inc., BlackRock Inc., AJO LP, Achmea Investment Management B.V., Robeco Institutional Asset Management B.V., and Prudential PLC. Company insiders that have sold Seagate Technology company stock in the last year include Ban Seng Teh, Edward J Zander, Jeffrey D Nygaard, Katherine Schuelke, and Stephen J Luczo.
View insider buying and selling activity 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 Great West Life Assurance Co. Can, JPMorgan Chase & Co., DekaBank Deutsche Girozentrale, O Shaughnessy Asset Management LLC, Nisa Investment Advisors LLC, Morgan Stanley, Jabodon PT Co., and First Trust Advisors LP. Company insiders that have bought Seagate Technology stock in the last two years include Holdings LP Valueact, and Valueact Capital Master Fund,.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Seagate Technology's stock price today?

One share of STX stock can currently be purchased for approximately $58.48.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $15.03 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. 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.

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 11/29/2020 by MarketBeat.com Staff

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