Seagate Technology - STX Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STX, but not buy additional shares or sell existing shares.
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23 Wall Street research analysts have issued 1-year target prices for Seagate Technology's shares. Their STX share price forecasts range from $38.00 to $97.00. On average, they anticipate the company's share price to reach $69.58 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
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Seagate Technology's stock was trading at $52.61 at the beginning of the year. Since then, STX stock has increased by 18.0% and is now trading at $62.06.
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Seagate Technology saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 9,220,000 shares, a decrease of 13.5% from the February 13th total of 10,660,000 shares. Based on an average trading volume of 2,540,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 4.5% of the shares of the stock are short sold.
View Seagate Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Seagate Technology Holdings plc (NASDAQ:STX) posted its earnings results on Wednesday, January, 25th. The data storage provider reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. The data storage provider earned $1.89 billion during the quarter, compared to the consensus estimate of $1.83 billion. Seagate Technology had a net margin of 6.61% and a negative trailing twelve-month return on equity of 1,031.05%. The firm's revenue was down 39.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 EPS.
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Seagate Technology declared a quarterly dividend on Wednesday, January 25th. Stockholders of record on Wednesday, March 22nd will be given a dividend of $0.70 per share on Thursday, April 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Tuesday, March 21st.
Read our dividend analysis for STX.

ETFs with the largest weight of Seagate Technology (NASDAQ:STX) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), US Equity Dividend Select ETF (RNDV), Fidelity Cloud Computing ETF (FCLD), ALPS Sector Dividend Dogs ETF (SDOG), Invesco S&P Ultra Dividend Revenue ETF (RDIV), AAM S&P 500 High Dividend Value ETF (SPDV), Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) and Invesco S&P 500 Equal Weight Technology ETF (RYT).

Seagate Technology (NASDAQ:STX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 4.59%. STX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.64%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, STX will have a dividend payout ratio of 61.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STX.

Seagate Technology issued an update on its third quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided EPS guidance of $0.05-$0.45 for the period, compared to the consensus EPS estimate of $0.29. The company issued revenue guidance of $1.85 billion-$2.15 billion, compared to the consensus revenue estimate of $1.86 billion.

246 employees have rated Seagate Technology Chief Executive Officer Dave Mosley on Glassdoor.com. Dave Mosley has an approval rating of 68% among the company's employees.

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).

Seagate Technology trades on the NASDAQ under the ticker symbol "STX."

Seagate Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sanders Capital LLC (5.29%), Clearbridge Investments LLC (2.75%), LSV Asset Management (2.07%), Morgan Stanley (1.83%), Geode Capital Management LLC (1.64%) and Legal & General Group Plc (0.91%). Insiders that own company 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.
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Shares of STX stock 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.
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One share of STX stock can currently be purchased for approximately $62.06.

Seagate Technology (NASDAQ:STX) has a market capitalization of $12.81 billion and generates $11.66 billion in revenue each year. The data storage provider earns $1.65 billion in net income (profit) each year or $2.81 on an earnings per share basis.

The company employs 40,000 workers across the globe.

Seagate Technology's mailing address is 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53. The official website for the company is www.seagate.com. The data storage provider can be reached via phone at (531) 234-3136, via email at stx@seagate.com, or via fax at 353-1661-2040.