Seagate Technology Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 1 sell rating, 12 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Seagate Technology stock. 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.
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Wall Street analysts have given Seagate Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Seagate Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Seagate Technology is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Seagate Technology.

Seagate Technology Holdings plc (NASDAQ:STX) posted its quarterly earnings data on Tuesday, July, 20th. The data storage provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.74 by $0.26. The data storage provider had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. Seagate Technology had a trailing twelve-month return on equity of 130.74% and a net margin of 12.30%. The company's revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS.
View Seagate Technology's earnings history.

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, STX shares have increased by 88.0% and is now trading at $85.18.
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Seagate Technology announced a quarterly dividend on Wednesday, July 21st. Stockholders of record on Wednesday, September 22nd will be given a dividend of $0.67 per share on Wednesday, October 6th. This represents a $2.68 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Tuesday, September 21st.
View Seagate Technology's dividend history.

Seagate Technology pays an annual dividend of $2.68 per share and currently has a dividend yield of 3.11%. Seagate Technology does not yet have a strong track record of dividend growth. The dividend payout ratio of Seagate Technology is 50.85%. This payout ratio is at a healthy, sustainable level, below 75%.
View Seagate Technology's dividend history.

Seagate Technology issued an update on its first quarter 2022 earnings guidance on Wednesday, July, 21st. The company provided earnings per share guidance of $2.050-$2.350 for the period, compared to the Thomson Reuters consensus estimate of $1.850. The company issued revenue guidance of $2.95 billion-$3.25 billion, compared to the consensus revenue estimate of $2.94 billion.

23 Wall Street analysts have issued twelve-month target prices for Seagate Technology's stock. Their forecasts range from $46.00 to $120.00. On average, they expect Seagate Technology's stock price to reach $92.38 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
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246 employees have rated Seagate Technology CEO Dave Mosley on Glassdoor.com. Dave Mosley has an approval rating of 68% among Seagate Technology's employees.

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

Seagate Technology trades on the NASDAQ under the ticker symbol "STX."

Seagate Technology's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Oregon Public Employees Retirement Fund (0.08%), State of Alaska Department of Revenue (0.06%), Vancity Investment Management Ltd (0.04%), TCW Group Inc. (0.03%), Kwmg LLC (0.02%) and Old Port Advisors (0.01%). Company insiders that own Seagate Technology stock include Ban Seng Teh, Edward J Zander, Holdings LP Valueact, James J Murphy, Jay L Geldmacher, Jeffrey D Fochtman, Jeffrey D Nygaard, Katherine Schuelke, Nicholls Stuart, Ravi Naik, Stephanie Tilenius, Stephen J Luczo, Stephen J Luczo, Valueact Capital Master Fund, and William D Mosley.
View institutional ownership trends for Seagate Technology.

STX stock was sold by a variety of institutional investors in the last quarter, including TCW Group Inc., State of Alaska Department of Revenue, Kwmg LLC, and New Mexico Educational Retirement Board. Company insiders that have sold Seagate Technology company stock in the last year include Ban Seng Teh, Edward J Zander, Holdings LP Valueact, Jeffrey D Fochtman, Jeffrey D Nygaard, Katherine Schuelke, Ravi Naik, Stephanie Tilenius, Stephen J Luczo, Valueact Capital Master Fund,, and William D Mosley.
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STX stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Brookstone Capital Management, Vancity Investment Management Ltd, Archford Capital Strategies LLC, Stratos Wealth Partners LTD., Old Port Advisors, and V Wealth Advisors LLC.
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Shares of STX 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.
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One share of STX stock can currently be purchased for approximately $85.18.

Seagate Technology has a market capitalization of $19.50 billion and generates $10.68 billion in revenue each year. The data storage provider earns $1.31 billion in net income (profit) each year or $5.27 on an earnings per share basis.

Seagate Technology employs 42,000 workers across the globe.

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.

Seagate Technology was founded in 1979.

The official website for Seagate Technology is www.seagate.com.

Seagate Technology is headquartered at 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53.

Seagate Technology's mailing address is 38/39 FITZWILLIAM SQUARE, DUBLIN L2, D02 NX53. The data storage provider can be reached via phone at 353-1234-3136 or via email at [email protected]