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S&P 500   3,852.36
DOW   32,920.46
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Bed Bath & Beyond Is Circling the Drain
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
These 2 Healthcare Stocks Have Doubled in 2023
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Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
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Bed Bath & Beyond Is Circling the Drain
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
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Know Your Profit Potential BEFORE You Trade! (Ad)pixel
These 2 Healthcare Stocks Have Doubled in 2023
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Allegro Microsystems Is A Well-Positioned Semiconductor Stock
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Bed Bath & Beyond Is Circling the Drain
Institutions are Buying up Procter & Gamble Shares, Should you?

Seagate Technology - STX Stock Forecast, Price & News

$70.49
+2.71 (+4.00%)
(As of 02/1/2023 12:00 AM ET)
Add
Compare
Today's Range
$67.55
$71.10
50-Day Range
$50.21
$70.49
52-Week Range
$47.47
$113.50
Volume
3.88 million shs
Average Volume
3.23 million shs
Market Capitalization
$14.55 billion
P/E Ratio
25.09
Dividend Yield
4.19%
Price Target
$68.75

Seagate Technology MarketRank™ Forecast

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
2.5% Downside
$68.75 Price Target
Short Interest
Healthy
4.88% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
0.56mentions of Seagate Technology in the last 14 days
Based on 52 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
333.65%
From $1.04 to $4.51 Per Share

Overall MarketRank

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

2.61 out of 5 stars

Business Services Sector

45th out of 327 stocks

Computer Storage Devices Industry

2nd out of 5 stocks


STX stock logo

About Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings Plc operates as holding company that is engaged in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. The firm offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company is founded in 2012 and is headquartered in Dublin, Ireland.

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STX Stock News Headlines

Is Seagate Technology Signaling the End of its Normalization?
Data storage solutions giant Seagate Technology Holdings PLC (NYSE: STX) stock has been recovering since putting in a bottom of $47.47 in October 2022.
Wall Street opens higher; Tesla jumps after strong results
Stocks are opening higher on Wall Street as traders were able to find encouraging signs in some of the earnings reports that big U.S. companies are putting out
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
AMD Is Still One Of The Best Semiconductor Stocks Out There (STX)
AMD is a semiconductor stock that’s gotten off to a great start, and there are several signs that this will continue into the rest of the quarter.
Should You Store Your Capital in Pure Storage Stock? (STX)
Enterprise data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock closed out 2022 with a (-16.5%) loss. Much of the selling
Know Your Profit Potential BEFORE You Trade!
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Seagate Technology (NASDAQ:STX) PT Raised to $55.00
Why Seagate Stock Was Soaring This Week
Seagate Technology (NASDAQ:STX) PT Raised to $65.00
See More Headlines
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STX Company Calendar

Ex-Dividend for 1/5 Dividend
12/20/2022
Dividend Payable
1/05/2023
Last Earnings
1/25/2023
Today
2/01/2023
Next Earnings (Estimated)
4/26/2023
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
$68.75
High Stock Price Forecast
$97.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
-2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
23 Analysts

Profitability

Net Income
$1.65 billion
Pretax Margin
6.64%

Debt

Sales & Book Value

Annual Sales
$11.66 billion
Cash Flow
$10.66 per share
Book Value
($2.28) per share

Miscellaneous

Free Float
204,419,000
Market Cap
$14.55 billion
Optionable
Optionable
Beta
1.06

Social Links


Key Executives

  • William David MosleyWilliam David Mosley
    Chief Executive Officer & Director
  • Jeffrey D. NygaardJeffrey D. Nygaard
    Executive VP-Operations & Technology
  • Gianluca RomanoGianluca Romano
    Chief Financial Officer & Executive Vice President
  • John Morris
    Chief Technology Officer & Senor Vice President
  • Ravi NaikRavi Naik
    Chief Information Officer & EVP-Storage Services













STX Stock - Frequently Asked Questions

Should I buy or sell Seagate Technology stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 1 sell rating, 13 hold ratings and 9 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 2023?

23 Wall Street analysts have issued 12 month price objectives for Seagate Technology's stock. Their STX share price forecasts range from $38.00 to $97.00. On average, they expect the company's share price to reach $68.75 in the next year. This suggests that the stock has a possible downside of 2.5%.
View analysts price targets for STX
or view top-rated stocks among Wall Street analysts.

How have STX shares performed in 2023?

Seagate Technology's stock was trading at $52.61 on January 1st, 2023. Since then, STX shares have increased by 34.0% and is now trading at $70.49.
View the best growth stocks for 2023 here
.

When is Seagate Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our STX earnings forecast
.

How were Seagate Technology's earnings last quarter?

Seagate Technology Holdings plc (NASDAQ:STX) released its quarterly earnings results on Wednesday, January, 25th. The data storage provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. The data storage provider earned $1.89 billion during the quarter, compared to analysts' expectations 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 business's quarterly revenue was down 39.4% compared to the same quarter last year. During the same period last year, the firm posted $2.28 EPS.
Read the conference call transcript
.

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

Seagate Technology declared a quarterly dividend on Wednesday, January 25th. Stockholders of record on Wednesday, March 22nd will be paid a dividend of $0.70 per share on Thursday, April 6th. This represents a $2.80 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Tuesday, March 21st.
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 4.19%. 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 62.08% 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 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 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.

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 number of retail and institutional investors. Top institutional investors include AustralianSuper Pty Ltd (0.42%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), M&G Investment Management Ltd. (0.11%), New York State Teachers Retirement System (0.10%), Bank of Montreal Can (0.09%) and Gilman Hill Asset Management LLC (0.07%). 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.
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 $70.49.

How much money does Seagate Technology make?

Seagate Technology (NASDAQ:STX) has a market capitalization of $14.55 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.

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.
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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 2/2/2023 by MarketBeat.com Staff