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

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$38.76 +0.28 (+0.73 %)
(As of 01/24/2019 08:00 AM ET)
Previous Close$38.48
Today's Range$38.22 - $39.50
52-Week Range$35.38 - $62.70
Volume2.81 million shs
Average Volume2.98 million shs
Market Capitalization$11.09 billion
P/E Ratio6.15
Dividend Yield6.55%
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

Price-To-Earnings

Sales & Book Value

Annual Sales$11.18 billion
Cash Flow$7.7365 per share
Book Value$5.80 per share

Profitability

Net Income$1.18 billion

Miscellaneous

Employees43,000
Market Cap$11.09 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 declared a dividend on Friday, November 2nd. Shareholders of record on Wednesday, December 19th will be given 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) posted its quarterly earnings results on Friday, November, 2nd. The data storage provider reported $1.70 EPS for the quarter, topping the Zacks' consensus estimate of $1.55 by $0.15. The data storage provider earned $2.99 billion during the quarter, compared to analyst estimates of $2.95 billion. Seagate Technology had a net margin of 12.57% and a return on equity of 123.05%. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $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 12-month price targets for Seagate Technology's stock. Their forecasts range from $32.00 to $63.00. On average, they anticipate Seagate Technology's stock price to reach $48.7778 in the next year. This suggests a possible upside of 25.8% 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. We note that the merger between Western Digital and SanDisk has made it more challenging for Seagate to capture market share in the newer storage technology – SSD. Customer concentration is a major risk for Seagate, as the loss of a single order or customer affects the operating performance significantly. The disk drive market is highly competitive and has experienced drastic pricing pressure due to supply/demand volatility. The situation may compel Seagate to slash hard disk prices, in turn hurting margins. Estimates have moved south lately ahead of the company’s Q2 earnings release. However, synergies from acquisitions and product innovations remains a tailwind." (1/18/2019)
  • 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)

Has Seagate Technology been receiving favorable news coverage?

News articles about STX stock have trended negative on Thursday, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Seagate Technology earned a news impact score of -2.0 on InfoTrie's scale. They also gave news headlines about the data storage provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the near term.

Are investors shorting Seagate Technology?

Seagate Technology saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 27,384,391 shares, a decrease 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 short-interest ratio is currently 5.7 days. Approximately 9.6% of the company's shares are sold short. View Seagate Technology's Current Options Chain.

Who are some of Seagate Technology's key competitors?

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

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 retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.31%), Navellier & Associates Inc (0.03%), Empowered Funds LLC (0.02%), Empirical Finance LLC (0.02%), Cornerstone Investment Partners LLC (0.02%) and Camarda Financial Advisors LLC (0.02%). 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 Bank of Montreal Can, Assenagon Asset Management S.A., Empowered Funds LLC, Nisa Investment Advisors LLC, James Investment Research Inc., Juncture Wealth Strategies LLC, IFP Advisors Inc and NewSquare Capital 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 Camarda Financial Advisors LLC, Cumberland Advisors Inc., Empirical Finance LLC, Cornerstone Investment Partners LLC, Boston Advisors LLC, Lavaca Capital LLC, Windward Capital Management Co. CA and State of Alaska Department of Revenue. 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 $38.76.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $11.09 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:  1,135 (Vote Underperform)
Total Votes:  2,122
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 1/24/2019 by MarketBeat.com Staff

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