NASDAQ:STX - Seagate Technology Stock Price, Price Target & More

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$55.4550 -1.02 (-1.81 %)
(As of 07/23/2018 09:49 AM ET)
Previous Close$56.48
Today's Range$55.36 - $56.47
52-Week Range$30.60 - $62.70
Volume184,952 shs
Average Volume1.80 million shs
Market Capitalization$16.21 billion
P/E Ratio13.46
Dividend Yield4.46%
Beta1.67
Seagate Technology logoSeagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company manufactures and distributes hard disk drives, solid state drives and their related controllers, solid state hybrid drives, and storage subsystems. Its products are used in enterprise servers and storage systems applications; client compute applications, primarily for desktop and mobile computing; and client non-compute applications, including various end user devices, such as portable external storage systems, surveillance systems, network-attached storage, digital video recorders, and gaming consoles. The company offers external backup storage solutions under the Backup Plus and Expansion product lines, as well as under the Maxtor and LaCie brand names available in capacities up to 120 terabytes. It sells its products primarily to original equipment manufacturers, distributors, and retailers. Seagate Technology plc was founded in 1979 and is headquartered in Dublin, Ireland.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Computer storage devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:STX
CUSIPN/A
Phone353-1234-3136

Debt

Debt-to-Equity Ratio3.17
Current Ratio1.72
Quick Ratio1.39

Price-To-Earnings

Trailing P/E Ratio13.46
Forward P/E Ratio10.38
P/E Growth0.54

Sales & Book Value

Annual Sales$10.77 billion
Price / Sales1.48
Cash Flow$6.6573 per share
Price / Cash8.33
Book Value$4.67 per share
Price / Book11.87

Profitability

EPS (Most Recent Fiscal Year)$4.12
Net Income$772 million
Net Margins7.76%
Return on Equity105.43%
Return on Assets14.74%

Miscellaneous

Employees41,000
Outstanding Shares287,060,000
Market Cap$16,213.27

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 quarterly dividend on Tuesday, May 1st. Shareholders of record on Wednesday, June 20th will be given a dividend of $0.63 per share on Thursday, July 5th. This represents a $2.52 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, June 19th. 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 Tuesday, May, 1st. The data storage provider reported $1.46 EPS for the quarter, beating the Zacks' consensus estimate of $1.36 by $0.10. The data storage provider earned $2.80 billion during the quarter, compared to analysts' expectations of $2.75 billion. Seagate Technology had a net margin of 7.76% and a return on equity of 105.43%. Seagate Technology's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.10 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, July, 30th 2018. View Earnings Estimates for Seagate Technology.

What price target have analysts set for STX?

25 brokerages have issued 12-month target prices for Seagate Technology's shares. Their forecasts range from $29.00 to $73.00. On average, they anticipate Seagate Technology's share price to reach $53.7778 in the next year. This suggests that the stock has a possible downside of 4.8%. View Analyst Ratings for Seagate Technology.

What is the consensus analysts' recommendation for Seagate Technology?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 3 sell ratings, 17 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

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 manufacturer of hard disk drives (HDDs) in the U.S. The company is benefiting from robust adoption driven by strong demand of company’s storage drives. 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. The company’s effort in the improvement of areal density with the ramping up of its heat assisted magnetic recording technology is another positive. Shares of the company have outperformed industry in the past year. However, stiff competition & customer concentration remain major risks." (7/16/2018)
  • 2. 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)
  • 3. 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)
  • 4. Mizuho analysts commented, "We are adjusting estimates and adjusting PT to $53 with good nearline demand and improving opex. However, lack of an in-house NAND roadmap keeps us on the sidelines. KeyPoints Good DecQ results and MarQ guide. STX reported DecQ rev/EPS/GM at $2.9B/$1.48/30.4%, inline with prior updated guide and consensus of $2.9B/ $1.35/29.9%. EPS came in higher on good Opex control. STX guided MarQ rev/GMs to ~2.7$B/30.5% (consensus $2.6B/29.7%) with seasonality offset by cloud and nearline demand." (1/29/2018)

Who are some of Seagate Technology's key competitors?

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

Who are Seagate Technology's key executives?

Seagate Technology's management team includes the folowing people:
  • Mr. Stephen J. Luczo, Exec. Chairman (Age 61)
  • Dr. William David Mosley, CEO & Director (Age 51)
  • Mr. David H. Morton Jr., Exec. VP of Fin., CFO & Principal Accounting Officer (Age 46)
  • Mr. James J. Murphy, Exec. VP of Worldwide Sales & Marketing (Age 59)
  • Dr. Mark Re, Chief Technology Officer and Sr. VP of R&D (Age 58)

Has Seagate Technology been receiving favorable news coverage?

News coverage about STX stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Seagate Technology earned a coverage optimism score of 0.24 on Accern's scale. They also assigned news coverage about the data storage provider an impact score of 47.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Who are Seagate Technology's major shareholders?

Seagate Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.40%), Howard Capital Management Inc. (0.07%), Retirement Systems of Alabama (0.05%), Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.03%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%) and Xact Kapitalforvaltning AB (0.03%). 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, Frank Biondi, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Mark Re, Philip G Brace, Stephen J Luczo 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 Bank of Montreal Can, Nisa Investment Advisors LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Howard Capital Management Inc., Fjarde AP Fonden Fourth Swedish National Pension Fund, Nikko Asset Management Americas Inc., Atria Investments LLC and CHURCHILL MANAGEMENT Corp. Company insiders that have sold Seagate Technology company stock in the last year include Chong Sup Park, Dambisa F Moyo, David H Morton Jr, David H Morton, Jr, Edward J Zander, Elizabeth Moore, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Philip G Brace and Stephen J Luczo. View Insider Buying and Selling for Seagate Technology.

Which major investors are buying Seagate Technology stock?

STX stock was acquired by a variety of institutional investors in the last quarter, including Dorsey Wright & Associates, Alethea Capital Management LLC, Clinton Group Inc., Exane Derivatives, Whittier Trust Co., V Wealth Management LLC, Whittier Trust Co. of Nevada Inc. and State of Alaska Department of Revenue. Company insiders that have bought Seagate Technology stock in the last two years include Jeffrey D Nygaard and Philip G Brace. 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 $56.48.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $16.21 billion and generates $10.77 billion in revenue each year. The data storage provider earns $772 million in net income (profit) each year or $4.12 on an earnings per share basis. Seagate Technology employs 41,000 workers across the globe.

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]ate.com.


MarketBeat Community Rating for Seagate Technology (NASDAQ STX)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  892 (Vote Outperform)
Underperform Votes:  1,072 (Vote Underperform)
Total Votes:  1,964
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 7/23/2018 by MarketBeat.com Staff

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