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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
"Prepare for Five Years of Famine" (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
"Prepare for Five Years of Famine" (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
"Prepare for Five Years of Famine" (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
"Prepare for Five Years of Famine" (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
"Prepare for Five Years of Famine" (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
"Prepare for Five Years of Famine" (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Italy's Lake Garda shrinks to near-historic low amid drought
The Day of Financial Reckoning Is Near (Ad)

Seagate Technology - STX Stock Forecast, Price & News

$83.43
+0.96 (+1.16%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$82.27
$83.51
50-Day Range
$69.09
$84.49
52-Week Range
$67.36
$117.67
Volume
1.02 million shs
Average Volume
2.31 million shs
Market Capitalization
$17.42 billion
P/E Ratio
11.37
Dividend Yield
3.40%
Price Target
$89.85

Seagate Technology MarketRank™ Forecast

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
7.7% Upside
$89.85 Price Target
Short Interest
Healthy
5.67% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.33
Upright™ Environmental Score
News Sentiment
0.40mentions of Seagate Technology in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.17%
From $7.18 to $8.70 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Business Services Sector

101st out of 335 stocks

Computer Storage Devices Industry

3rd out of 5 stocks

STX stock logo

About Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie and Maxtor brand names; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.

Seagate Technology Stock Performance

NASDAQ:STX opened at $83.43 on Friday. The stock has a market cap of $17.42 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 9.49 and a beta of 1.07. Seagate Technology has a fifty-two week low of $67.36 and a fifty-two week high of $117.67. The firm's fifty day simple moving average is $76.84 and its 200-day simple moving average is $86.88. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 46.44.

Seagate Technology (NASDAQ:STX - Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The data storage provider reported $1.59 EPS for the quarter, missing analysts' consensus estimates of $1.76 by ($0.17). Seagate Technology had a net margin of 14.14% and a return on equity of 412.90%. During the same quarter last year, the firm earned $1.92 earnings per share. Analysts expect that Seagate Technology will post 7.18 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.36%. Seagate Technology's payout ratio is 38.15%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wedbush reduced their price target on shares of Seagate Technology from $85.00 to $75.00 in a research report on Friday, July 22nd. Fox Advisors downgraded shares of Seagate Technology from an "overweight" rating to an "equal weight" rating in a research report on Friday, July 22nd. Susquehanna reduced their price target on shares of Seagate Technology from $67.00 to $58.00 in a research report on Friday, July 22nd. Craig Hallum downgraded shares of Seagate Technology from a "buy" rating to a "hold" rating and reduced their price target for the company from $112.00 to $79.00 in a research report on Wednesday, August 3rd. Finally, Mizuho dropped their price objective on shares of Seagate Technology from $95.00 to $83.00 and set a "neutral" rating on the stock in a research note on Friday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Seagate Technology has an average rating of "Hold" and a consensus target price of $89.85.

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STX Stock News Headlines

STX September 9th Options Begin Trading
Is Seagate Technology Stock a Buy Now?
Seagate Technology (NASDAQ:STX) Price Target Cut to $75.00
Seagate Technology (NASDAQ:STX) Downgraded by Summit Insights
Seagate Technology (NASDAQ:STX) Price Target Cut to $85.00
Why Seagate Stock Looks All Wet Today
4 Analyst Takeaways Of Seagate Technology's Q1 Earnings
See More Headlines
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STX Company Calendar

Ex-Dividend for 7/7 Dividend
6/23/2022
Dividend Payable
7/07/2022
Last Earnings
7/21/2022
Today
8/13/2022
Ex-Dividend for 10/5 Dividend
9/20/2022
Dividend Payable
10/05/2022
Next Earnings (Estimated)
10/28/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$89.85
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+7.7%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
20 Analysts

Profitability

Net Income
$1.65 billion
Pretax Margin
14.40%

Debt

Sales & Book Value

Annual Sales
$11.66 billion
Cash Flow
$10.21 per share
Book Value
$0.52 per share

Miscellaneous

Free Float
207,064,000
Market Cap
$17.42 billion
Optionable
Optionable
Beta
1.07

Social Links















STX Stock - Frequently Asked Questions

Should I buy or sell Seagate Technology stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 1 sell rating, 11 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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.
View STX analyst ratings
or view top-rated stocks.

What is Seagate Technology's stock price forecast for 2022?

20 analysts have issued twelve-month price targets for Seagate Technology's shares. Their STX share price forecasts range from $58.00 to $130.00. On average, they anticipate the company's share price to reach $89.85 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
View analysts price targets for STX
or view top-rated stocks among Wall Street analysts.

How have STX shares performed in 2022?

Seagate Technology's stock was trading at $112.98 at the start of the year. Since then, STX shares have decreased by 26.2% and is now trading at $83.43.
View the best growth stocks for 2022 here
.

When is Seagate Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our STX earnings forecast
.

How were Seagate Technology's earnings last quarter?

Seagate Technology Holdings plc (NASDAQ:STX) issued its quarterly earnings results on Thursday, July, 21st. The data storage provider reported $1.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.76 by $0.17. Seagate Technology had a trailing twelve-month return on equity of 412.90% and a net margin of 14.14%. During the same quarter last year, the company earned $1.92 EPS.
Read the conference call transcript
.

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

Seagate Technology announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Wednesday, September 21st will be given a dividend of $0.70 per share on Wednesday, October 5th. This represents a $2.80 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Tuesday, September 20th.
Read our dividend analysis for STX
.

Is Seagate Technology a good dividend stock?

Seagate Technology (NASDAQ:STX) pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.40%. The company 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 is 38.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STX will have a dividend payout ratio of 32.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STX.

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

Seagate Technology issued an update on its first quarter 2023 earnings guidance on Friday, July, 29th. The company provided earnings per share (EPS) guidance of $1.20-$1.60 for the period, compared to the consensus earnings per share estimate of $2.27. The company issued revenue guidance of $2.35 billion-$2.65 billion, compared to the consensus revenue estimate of $3.03 billion.

What is Dave Mosley's approval rating as Seagate Technology's CEO?

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.

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 a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (6.68%), FMR LLC (4.23%), Clearbridge Investments LLC (3.06%), Northern Trust Corp (1.05%), Allianz Asset Management GmbH (0.83%) and Sumitomo Mitsui Trust Holdings Inc. (0.54%). Insiders that own company stock include Ban Seng Teh, Edward J Zander, Gianluca Romano, Holdings LP Valueact, James J Murphy, Jay L Geldmacher, Jeffrey D Fochtman, Jeffrey D Nygaard, Katherine Schuelke, Mark Adams, Nicholls Stuart, Ravi Naik, Stephanie Tilenius, Stephen J Luczo, Stephen J Luczo, Valueact Capital Master Fund, and William D Mosley.
View institutional ownership trends
.

How do I buy shares of Seagate Technology?

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.
Compare Top Brokerages Here.

What is Seagate Technology's stock price today?

One share of STX stock can currently be purchased for approximately $83.43.

How much money does Seagate Technology make?

Seagate Technology (NASDAQ:STX) has a market capitalization of $17.42 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 $7.34 on an earnings per share basis.

How many employees does Seagate Technology have?

The company 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.
Read More

When was Seagate Technology founded?

Seagate Technology was founded in 1979.

How can I contact Seagate Technology?

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.

This page (NASDAQ:STX) was last updated on 8/13/2022 by MarketBeat.com Staff

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