S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
NASDAQ:STX

Seagate Technology (STX) Stock Forecast, Price & News

$80.71
+2.61 (+3.34%)
(As of 05/13/2022 06:55 PM ET)
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Today's Range
$79.07
$81.17
50-Day Range
$77.13
$94.32
52-Week Range
$76.28
$117.67
Volume
1.40 million shs
Average Volume
2.09 million shs
Market Capitalization
$17.34 billion
P/E Ratio
9.92
Dividend Yield
3.47%
Beta
1.01
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Seagate Technology logo

About Seagate Technology

Seagate Technology Holdings 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. It also provides enterprise data solutions portfolio comprising storage subsystems and mass capacity optimized private cloud storage solutions for enterprises, cloud service providers, and scale-out storage servers and original equipment manufacturers (OEMs). In addition, the company offers external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 16TB. It sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.

Headlines

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Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Current Symbol
NASDAQ:STX
Employees
40,000
Year Founded
1979

Sales & Book Value

Annual Sales
$10.68 billion
Cash Flow
$7.38 per share
Book Value
$1.96 per share

Profitability

Net Income
$1.31 billion
Pretax Margin
15.73%

Debt

Price-To-Earnings

Miscellaneous

Free Float
213,104,000
Market Cap
$17.34 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/6 Dividend
3/21/2022
Dividend Payable
4/06/2022
Last Earnings
4/27/2022
Today
5/16/2022
Ex-Dividend for 7/7 Dividend
6/23/2022
Fiscal Year End
6/30/2022
Dividend Payable
7/07/2022
Next Earnings (Estimated)
7/20/2022

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MarketRank

Overall MarketRank

3.18 out of 5 stars

Business Services Sector

5th out of 459 stocks

Computer Storage Devices Industry

1st out of 6 stocks

Analyst Opinion: 4.3Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













Seagate Technology (NASDAQ:STX) Frequently Asked Questions

Is Seagate Technology a buy right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 10 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Seagate Technology stock.
View analyst ratings for Seagate Technology
or view top-rated stocks.

Are investors shorting Seagate Technology?

Seagate Technology saw a increase in short interest in April. As of April 30th, there was short interest totaling 7,540,000 shares, an increase of 29.8% from the April 15th total of 5,810,000 shares. Based on an average daily trading volume, of 1,930,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 3.5% of the company's 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, July 20th 2022.
View our earnings forecast for Seagate Technology
.

How were Seagate Technology's earnings last quarter?

Seagate Technology Holdings plc (NASDAQ:STX) posted its quarterly earnings data on Wednesday, April, 27th. The data storage provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. The data storage provider earned $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Seagate Technology had a net margin of 15.40% and a trailing twelve-month return on equity of 339.73%. The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business posted $1.36 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 announced a quarterly dividend on Thursday, April 28th. Investors of record on Friday, June 24th will be given a dividend of $0.70 per share on Thursday, July 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Thursday, June 23rd.
View Seagate Technology's dividend history
.

Is Seagate Technology a good dividend stock?

Seagate Technology pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.47%. Seagate Technology has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Seagate Technology is 34.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Seagate Technology will have a dividend payout ratio of 30.77% 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 fourth quarter earnings guidance on Wednesday, April, 27th. The company provided earnings per share (EPS) guidance of $1.70-2.10 for the period, compared to the consensus earnings per share estimate of $2.07. The company issued revenue guidance of $2.65-2.95 billion, compared to the consensus revenue estimate of $2.92 billion.

What price target have analysts set for STX?

21 Wall Street analysts have issued 1-year price objectives for Seagate Technology's shares. Their forecasts range from $67.00 to $130.00. On average, they anticipate Seagate Technology's share price to reach $102.52 in the next year. This suggests a possible upside of 27.0% from the stock's current price.
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:
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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.45%), BlackRock Inc. (6.39%), JPMorgan Chase & Co. (6.03%), Clearbridge Investments LLC (3.15%), LSV Asset Management (2.41%) and Bank of New York Mellon Corp (1.81%). Company insiders that own Seagate Technology stock include Ban Seng Teh, Edward J Zander, Gianluca Romano, Holdings LP Valueact, Jay L Geldmacher, Jeffrey D Fochtman, Jeffrey D Nygaard, Katherine Schuelke, Mark Adams, Ravi Naik, Stephanie Tilenius, 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, BlackRock Inc., Renaissance Technologies LLC, APG Asset Management N.V., LSV Asset Management, GAM Holding AG, Allianz Asset Management GmbH, and American Century Companies Inc.. Company insiders that have sold Seagate Technology company stock in the last year include Ban Seng Teh, Edward J Zander, Gianluca Romano, Holdings LP Valueact, Jay L Geldmacher, Jeffrey D Fochtman, Jeffrey D Nygaard, Mark Adams, Ravi Naik, and Stephen J Luczo.
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 purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, JPMorgan Chase & Co., Iat Reinsurance Co. LTD., Acadian Asset Management LLC, Simplex Trading LLC, Kovitz Investment Group Partners LLC, Swiss National Bank, and Lazard Asset Management LLC.
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 $80.71.

How much money does Seagate Technology make?

Seagate Technology has a market capitalization of $17.34 billion and generates $10.68 billion in revenue each year. The data storage provider earns $1.31 billion in net income (profit) each year or $8.139990 on an earnings per share basis.

How many employees does Seagate Technology have?

Seagate Technology employs 40,000 workers across the globe.

Does Seagate Technology have any subsidiaries?

The following companies are subsidiares of Seagate Technology: Cloverleaf Communications, Dot Hill Israel Ltd., Dot Hill Singapore Pte. Ltd., Dot Hill System Services (Foshan) Limited, Dot Hill Systems, Dot Hill Systems Deutschland GmbH, Dot Hill Systems Europe Ltd., Dot Hill Systems Israel Ltd., Dot Hill Systems Tianjin Ltd., EVault (EMEA) B.V., EVault GmbH i. L., EVault Inc, EVault UK Limited, LaCie, LaCie AB, LaCie AG, LaCie Asia Limited, LaCie Electronique D2, LaCie GmbH, LaCie Group S.A.S., LaCie Ltd, LaCie S.r.l. in Liquidazione, LaCie SAS, LaCie SPRL, Lyve Minds Inc, Maxtor, Maxtor Global Ltd., MetaLINCS, Nippon Seagate Inc., Penang Seagate Industries (M) Sdn. Bhd., Quinta Corporation, Samsung - Hard Disk Drive Business, SandForce, Seagate (Hangzhou) Data Recovery Services Co. Ltd., Seagate Brasil Comercio e Representacao de Produtos de Informática Ltda., Seagate Brasil Comercio e Representacao de Produtos de Informática Ltda. (Sao Paulo Branch), Seagate Business Centre (Singapore) Pte. Ltd., Seagate Business Centre (UK) Ltd., Seagate Business Centre GmbH, Seagate Cloud Systems, Seagate Cloud Systems Japan Ltd., Seagate Data Storage Technology, Seagate Federal, Seagate Global Business Services (Malaysia) Sdn. Bhd., Seagate Global Technology, Seagate HDD Cayman, Seagate International (Johor) Sdn. Bhd., Seagate Korea Ltd., Seagate Korea Ltd. (Seoul Branch), Seagate Singapore International Headquarters Pte. Ltd., Seagate Singapore International Headquarters Pte. Ltd. (Netherlands Branch), Seagate Systems (Bermuda) Limited, Seagate Systems (Canada) Limited, Seagate Systems (Havant) Limited, Seagate Systems (Malaysia) Sdn. Bhd., Seagate Systems (Mexico) S.A. de C.V., Seagate Systems (Philippines), Seagate Systems (Singapore) Pte. Limited, Seagate Systems (UK) Limited, Seagate Systems (UK) Limited (Singapore Branch), Seagate Systems (US) Holdings Inc., Seagate Systems (US) Inc., Seagate Technology (Dublin Branch), Seagate Technology (Ireland), Seagate Technology (Ireland) (Springtown Branch), Seagate Technology (Netherlands) B.V., Seagate Technology (Suzhou) Co., Seagate Technology (Thailand) Limited, Seagate Technology (US) Holdings, Seagate Technology AB, Seagate Technology Australia Pty. Limited, Seagate Technology Canada Inc., Seagate Technology China Holding Company, Seagate Technology GmbH, Seagate Technology HDD (India) Private Limited, Seagate Technology HDD (India) Private Limited (Bangalore Office), Seagate Technology HDD (India) Private Limited (Delhi Office), Seagate Technology International, Seagate Technology International (Singapore Branch), Seagate Technology International (Wuxi) Company Limited, Seagate Technology Israel Ltd., Seagate Technology LLC, Seagate Technology MEA DMCC, Seagate Technology Manufacturing (Hong Kong) Limited, Seagate Technology SAS, Seagate Technology Services (Shanghai) Co. Ltd., Seagate Technology Services (Shanghai) Co. Ltd. (Beijing Branch), Seagate Technology Services (Shanghai) Co. Ltd. (Chengdu Branch), Seagate Technology Services (Shanghai) Co. Ltd. (Dongguan Branch), Seagate Technology Services (Shanghai) Co. Ltd. (Hangzhou Branch), Seagate Technology Services (Shanghai) Co. Ltd. (Shenzhen Branch), Seagate Technology Taiwan Ltd., Seagate Technology UK Ltd., Seagate Technology UK Ltd. (Dublin Branch), Seagate Technology UK Ltd. (Moscow Branch), Seagate US LLC, and Xyratex Ltd.

When was Seagate Technology founded?

Seagate Technology was founded in 1979.

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 (531) 234-3136, via email at [email protected], or via fax at 353-1661-2040.

This page was last updated on 5/16/2022 by MarketBeat.com Staff

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