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

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$39.58 -0.07 (-0.18 %)
(As of 01/16/2019 12:55 PM ET)
Previous Close$39.65
Today's Range$39.54 - $40.16
52-Week Range$35.38 - $62.70
Volume75,077 shs
Average Volume3.68 million shs
Market Capitalization$11.48 billion
P/E Ratio7.19
Dividend Yield6.28%
Beta1.58
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

Current Ratio1.42
Quick Ratio1.07

Price-To-Earnings

Sales & Book Value

Annual Sales$11.18 billion
Price / Sales1.01
Cash Flow$7.5824 per share
Price / Cash Flow5.22
Book Value$5.80 per share
Price / Book6.82

Profitability

Net Income$1.18 billion
Net Margins12.57%
Return on Assets19.88%

Miscellaneous

Employees43,000
Market Cap$11.48 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 announced a dividend on Friday, November 2nd. Investors of record on Wednesday, December 19th will be paid a dividend of $0.63 per share on Monday, December 31st. The ex-dividend date of this dividend 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 return on equity of 123.05% and a net margin of 12.57%. The business's quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $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.

How can I listen to Seagate Technology's earnings call?

Seagate Technology will be holding an earnings conference call on Monday, February 4th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for STX?

26 brokerages have issued twelve-month target prices for Seagate Technology's shares. Their predictions range from $32.00 to $63.00. On average, they anticipate Seagate Technology's share price to reach $48.7778 in the next year. This suggests a possible upside of 22.9% 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 5 sell ratings, 16 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. 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. 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. . 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." (1/7/2019)
  • 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)
  • 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?

Headlines about STX stock have been trending positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Seagate Technology earned a media sentiment score of 2.8 on InfoTrie's scale. They also assigned media stories about the data storage provider a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an effect on the company's share price in the next few days.

Are investors shorting Seagate Technology?

Seagate Technology saw a decline in short interest in December. As of December 31st, there was short interest totalling 27,384,391 shares, a decline of 14.8% from the December 14th total of 32,130,968 shares. Based on an average daily trading volume, of 4,835,239 shares, the days-to-cover ratio is currently 5.7 days. Currently, 9.6% of the shares of the company are short sold. View Seagate Technology's Current Options Chain.

Who are some of Seagate Technology's key competitors?

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)
  • Ms. Kathryn R. Scolnick, Interim CFO and Sr. VP of Fin., Corp. Communications & Treasury

Who are Seagate Technology's major shareholders?

Seagate Technology's stock is owned by a number of of institutional and retail investors. Top institutional investors include Navellier & Associates Inc (0.03%), Cornerstone Investment Partners LLC (0.02%), Windward Capital Management Co. CA (0.02%), State of Alaska Department of Revenue (0.01%), Sound Income Strategies LLC (0.01%) and Sound Income Strategies LLC (0.01%). 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 Sound Income Strategies LLC, Sound Income Strategies LLC, Louisiana State Employees Retirement System, Gateway Investment Advisers LLC, Cozad Asset Management Inc. and Sound Income Strategies LLC. 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 and Stephen J Luczo. View Insider Buying and Selling for Seagate Technology.

Which institutional investors are buying Seagate Technology stock?

STX stock was acquired by a variety of institutional investors in the last quarter, including Cumberland Advisors Inc., Cornerstone Investment Partners LLC, Windward Capital Management Co. CA, State of Alaska Department of Revenue, Steward Partners Investment Advisory LLC and Navellier & Associates Inc. 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 $39.68.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $11.48 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:  987 (Vote Outperform)
Underperform Votes:  1,132 (Vote Underperform)
Total Votes:  2,119
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 1/16/2019 by MarketBeat.com Staff

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