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

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$43.72 -0.39 (-0.88 %)
(As of 10/17/2018 12:13 PM ET)
Previous Close$44.11
Today's Range$43.45 - $44.70
52-Week Range$33.15 - $62.70
Volume81,611 shs
Average Volume3.94 million shs
Market Capitalization$13.63 billion
P/E Ratio8.01
Dividend Yield5.86%
Beta1.7
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

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

Debt

Debt-to-Equity Ratio2.59
Current Ratio1.35
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio8.01
Forward P/E Ratio7.01
P/E Growth0.61

Sales & Book Value

Annual Sales$11.18 billion
Price / Sales1.13
Cash Flow$7.0974 per share
Price / Cash6.16
Book Value$5.80 per share
Price / Book7.54

Profitability

EPS (Most Recent Fiscal Year)$5.51
Net Income$1.18 billion
Net Margins10.57%
Return on Equity120.71%
Return on Assets17.81%

Miscellaneous

Employees43,000
Outstanding Shares287,910,000
Market Cap$13.63 billion

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 Monday, July 30th. Stockholders of record on Wednesday, September 19th will be given a dividend of $0.63 per share on Wednesday, October 3rd. This represents a $2.52 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Tuesday, September 18th. View Seagate Technology's Dividend History.

How were Seagate Technology's earnings last quarter?

Seagate Technology PLC (NASDAQ:STX) announced its earnings results on Monday, July, 30th. The data storage provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.17. The data storage provider had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.80 billion. Seagate Technology had a net margin of 10.57% and a return on equity of 120.71%. The company's revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 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 Friday, November 2nd 2018. 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 Friday, November 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for STX?

24 brokerages have issued 1 year target prices for Seagate Technology's stock. Their forecasts range from $39.00 to $73.00. On average, they anticipate Seagate Technology's stock price to reach $53.8421 in the next year. This suggests a possible upside of 23.2% from the stock's current price. View Analyst Price Targets for Seagate Technology.

What is the consensus analysts' recommendation for Seagate Technology?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 4 sell ratings, 15 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 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 HAMR technology is another positive. Shares of Seagate have outperformed industry in the past year. Seagate has positive record of earnings surprises in recent quarters. However, stiff competition from peers might lead to pricing pressure. Further, customer concentration is a concern." (10/8/2018)
  • 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)

Are investors shorting Seagate Technology?

Seagate Technology saw a increase in short interest in the month of September. As of September 28th, there was short interest totalling 28,473,662 shares, an increase of 1.6% from the September 14th total of 28,035,624 shares. Based on an average daily volume of 4,117,398 shares, the short-interest ratio is presently 6.9 days. Currently, 10.0% of the company's stock are short sold. View Seagate Technology's Current Options Chain.

Who are some of Seagate Technology's key competitors?

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, Pres, CEO & Director (Age 51)
  • Mr. James J. Murphy, Exec. VP of Worldwide Sales & Marketing (Age 59)
  • Ms. Kathryn R. Scolnick, Interim CFO and Sr. VP of Fin., Corp. Communications & Treasury
  • Ms. Géraldine Hottier-Fayon, Interim Principal Accounting Officer, VP of Fin. & Corp. Controller (Age 44)

Who are Seagate Technology's major shareholders?

Seagate Technology's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.38%), Andra AP fonden (0.07%), Atria Investments LLC (0.02%), Visionary Asset Management Inc. (0.02%), New England Research & Management Inc. (0.01%) and Nisa Investment Advisors LLC (0.01%). 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 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, Andra AP fonden, Jaffetilchin Investment Partners LLC, Louisiana State Employees Retirement System and World Asset Management Inc. 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, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Kathryn R Scolnick, 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 bought by a variety of institutional investors in the last quarter, including New England Research & Management Inc., Nisa Investment Advisors LLC, Atria Investments LLC, Smith Shellnut Wilson LLC ADV, Sound Income Strategies LLC, Visionary Asset Management Inc., State of Alaska Department of Revenue and Polianta Ltd. 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 $43.72.

How big of a company is Seagate Technology?

Seagate Technology has a market capitalization of $13.63 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:  966 (Vote Outperform)
Underperform Votes:  1,102 (Vote Underperform)
Total Votes:  2,068
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 10/17/2018 by MarketBeat.com Staff

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