Seagate Technology Stock Forecast, Price & News

Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, STX stock has increased by 43.2% and is now trading at $64.86.
View which stocks have been most impacted by COVID-19.

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last twelve months. There are currently 4 sell ratings, 12 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research 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.
View analyst ratings for Seagate Technology or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Seagate Technology a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Seagate Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

Seagate Technology is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Seagate Technology.

Seagate Technology plc (NASDAQ:STX) issued its earnings results on Wednesday, January, 20th. The data storage provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.13 by $0.16. Seagate Technology had a trailing twelve-month return on equity of 65.10% and a net margin of 10.02%. During the same period last year, the company posted $1.35 earnings per share.
View Seagate Technology's earnings history.

Seagate Technology declared a quarterly dividend on Thursday, January 21st. Shareholders of record on Wednesday, March 24th will be given a dividend of $0.67 per share on Wednesday, April 7th. This represents a $2.68 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Tuesday, March 23rd.
View Seagate Technology's dividend history.

Seagate Technology pays an annual dividend of $2.68 per share and currently has a dividend yield of 4.38%. STX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Seagate Technology does not yet have a strock track record of dividend growth. The dividend payout ratio of Seagate Technology is 58.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Seagate Technology will have a dividend payout ratio of 45.50% next year. This indicates that Seagate Technology will be able to sustain or increase its dividend.
View Seagate Technology's dividend history.

Seagate Technology updated its third quarter 2021 After-Hours earnings guidance on Thursday, January, 21st. The company provided EPS guidance of 1.15-1.45 for the period, compared to the Thomson Reuters consensus estimate of $1.26. The company issued revenue guidance of $2.45-2.85 billion, compared to the consensus revenue estimate of $2.63 billion.

25 Wall Street analysts have issued 1 year price targets for Seagate Technology's stock. Their forecasts range from $33.00 to $79.00. On average, they expect Seagate Technology's share price to reach $60.00 in the next year. This suggests that the stock has a possible downside of 7.5%.
View analysts' price targets for Seagate Technology or view Wall Street analyst' top-rated stocks.

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

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 many different institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.41%), Cacti Asset Management LLC (0.23%), New York State Teachers Retirement System (0.12%), State of Alaska Department of Revenue (0.07%), CHURCHILL MANAGEMENT Corp (0.06%) and Kestra Advisory Services LLC (0.05%). 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, 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 Nisa Investment Advisors LLC, Cacti Asset Management LLC, CHURCHILL MANAGEMENT Corp, State of Alaska Department of Revenue, Foundations Investment Advisors LLC, Avantax Advisory Services Inc., Janney Montgomery Scott LLC, and New York State Teachers Retirement System. 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, Stephen J Luczo, and Valueact Capital Master Fund,.
View insider buying and selling activity for Seagate Technology or view top insider-selling stocks.

STX stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Kestra Advisory Services LLC, Cumberland Advisors Inc., Tuttle Tactical Management, Pacer Advisors Inc., V Wealth Advisors LLC, Crescent Capital Consulting LLC, and Sound Income Strategies LLC. Company insiders that have bought Seagate Technology stock in the last two years include Holdings LP Valueact, and Valueact Capital Master Fund,.
View insider buying and selling activity for Seagate Technology or or view top insider-buying stocks.

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.

One share of STX stock can currently be purchased for approximately $64.86.

Seagate Technology has a market capitalization of $16.66 billion and generates $10.51 billion in revenue each year. The data storage provider earns $1.00 billion in net income (profit) each year or $4.57 on an earnings per share basis. Seagate Technology employs 42,000 workers across the globe.

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

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]