NASDAQ:STXSeagate Technology Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Seagate Technology PLC Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $52.11 +0.10 (+0.19 %) (As of 05/28/2020 12:08 PM ET) Add Compare Share Today's Range$51.50Now: $52.11▼$52.4050-Day Range$46.44MA: $49.79▼$51.8552-Week Range$39.02Now: $52.11▼$64.17Volume34,010 shsAverage Volume2.06 million shsMarket Capitalization$13.37 billionP/E Ratio7.78Dividend Yield5.08%Beta1.07 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.0 Analyst's Opinion Consensus RatingSeagate Technology has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 5 buy ratings, 11 hold ratings, and 5 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $54.62, Seagate Technology has a potential upside of 4.8% from its current price of $52.11.Amount of Analyst CoverageSeagate Technology has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.3 Community Rank Outperform VotesSeagate Technology has received 1,081 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSeagate Technology has received 1,267 “underperform” votes. (Add your “underperform” vote.)Community SentimentSeagate Technology has received 53.96% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipSeagate Technology is a leading dividend payer. It pays a dividend yield of 5.08%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSeagate Technology has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Seagate Technology is 53.94 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Seagate Technology will have a dividend payout ratio of 49.90 % next year. This indicates that Seagate Technology will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Seagate Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,272,664.00 in company stock.Percentage Held by InsidersOnly 1.12% of the stock of Seagate Technology is held by insiders.Percentage Held by Institutions83.64% of the stock of Seagate Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Seagate Technology are expected to grow by 4.41% in the coming year, from $4.99 to $5.21 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Seagate Technology is 7.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Seagate Technology is 7.78, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.06.Price to Earnings Growth RatioSeagate Technology has a PEG Ratio of 8.49. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSeagate Technology has a P/B Ratio of 7.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.0Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.10 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Computer storage devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:STX Previous Symbol CUSIPN/A CIK1137789 Webwww.seagate.com Phone353-1234-3136Debt Debt-to-Equity Ratio2.28 Current Ratio1.49 Quick Ratio1.08Price-To-Earnings Trailing P/E Ratio7.78 Forward P/E Ratio10.44 P/E Growth8.49 Sales & Book Value Annual Sales$10.39 billion Price / Sales1.29 Cash Flow$7.25 per share Price / Cash Flow7.19 Book Value$6.98 per share Price / Book7.47Profitability EPS (Most Recent Fiscal Year)$4.82 Net Income$2.01 billion Net Margins17.57% Return on Equity62.81% Return on Assets13.41%Miscellaneous Employees40,500 Outstanding Shares256,630,000Market Cap$13.37 billion Next Earnings Date8/7/2020 (Estimated) OptionableOptionable NASDAQ:STX Rates by TradingView Receive STX News and Ratings via Email Sign-up to receive the latest news and ratings for STX and its competitors with MarketBeat's FREE daily newsletter. Seagate Technology (NASDAQ:STX) Frequently Asked Questions How has Seagate Technology's stock been impacted by COVID-19 (Coronavirus)? Seagate Technology's stock was trading at $45.3050 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, STX stock has increased by 15.0% and is now trading at $52.11. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Seagate Technology? 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Seagate Technology in the last year. There are currently 5 sell ratings, 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Seagate Technology. When is Seagate Technology's next earnings date? Seagate Technology is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Seagate Technology. How were Seagate Technology's earnings last quarter? Seagate Technology PLC (NASDAQ:STX) posted its earnings results on Wednesday, April, 22nd. The data storage provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.19. The data storage provider earned $2.72 billion during the quarter, compared to analysts' expectations of $2.64 billion. Seagate Technology had a net margin of 17.57% and a return on equity of 62.81%. The business's quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. View Seagate Technology's earnings history. How often does Seagate Technology pay dividends? What is the dividend yield for Seagate Technology? Seagate Technology announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.65 per share on Wednesday, July 8th. This represents a $2.60 annualized dividend and a dividend yield of 4.99%. The ex-dividend date is Tuesday, June 23rd. View Seagate Technology's dividend history. What guidance has Seagate Technology issued on next quarter's earnings? Seagate Technology issued an update on its fourth quarter earnings guidance on Wednesday, April, 22nd. The company provided earnings per share (EPS) guidance of $1.15-1.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.23. The company issued revenue guidance of $2.418-2.783 billion, compared to the consensus revenue estimate of $2.61 billion. What price target have analysts set for STX? 21 Wall Street analysts have issued twelve-month price targets for Seagate Technology's stock. Their forecasts range from $35.00 to $68.00. On average, they expect Seagate Technology's stock price to reach $54.62 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price. View analysts' price targets 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 demand for 16-terabyte products as production to higher volumes improves and sequential improvement in HDD exabytes shipments. Further, the company provided promising Q2 guidance. Increasing traction for mass storage solutions across company’s edge and enterprise markets remains a tailwind. Also, improving trend in PC shipments is a positive. We believe Seagate’s NAND-supply deal with Toshiba will help it in developing advanced HDD, SSD and hybrid solutions. Rapid adoption of nearline solutions is likely to boost competitive position against Western Digital. Notably, shares of the company have outperformed the industry in the past year. However, stiff competition from its peers in the disk drive market might result in pricing pressure and limit margin expansion." (1/9/2020) 2. Mizuho analysts commented, "We believe N-T tariff and supply chain overhangs remain a drag on demand, but L-T, improving nearline HDD with hyperscale and DC demand into 2020E should be positive." (9/19/2019) Has Seagate Technology been receiving favorable news coverage? Media stories about STX stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Seagate Technology earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news coverage about the data storage provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutSeagate Technology. Are investors shorting Seagate Technology? Seagate Technology saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 11,600,000 shares, a drop of 11.0% from the April 15th total of 13,040,000 shares. Based on an average trading volume of 3,320,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 4.5% of the shares of the stock are short sold. View Seagate Technology's Current Options Chain. Who are some of Seagate Technology's key competitors? Some companies that are related to Seagate Technology include Micron Technology (MU), Applied Materials (AMAT), NetEase (NTES), Zoom Video Communications (ZM), Relx (RELX), America Movil SAB de CV ADR Series L (AMX), Autodesk (ADSK), Vodafone Group (VOD), Dassault Systemes (DASTY), Analog Devices (ADI), DAIKIN INDUSTRI/ADR (DKILY), Lam Research (LRCX), Koninklijke Philips (PHG), Workday (WDAY) and Infosys (INFY). View all competitors. 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), Western Digital (WDC), AT&T (T), NVIDIA (NVDA), Bank of America (BAC), QUALCOMM (QCOM), Advanced Micro Devices (AMD) and Ford Motor (F). Who are Seagate Technology's key executives? Seagate Technology's management team includes the following people: Mr. Stephen J. Luczo, Exec. Chairman (Age 62)Dr. William David Mosley, Pres, CEO & Director (Age 52)Mr. James J. Murphy, Exec. VP of Worldwide Sales & Marketing (Age 60)Mr. Jeffrey D. Nygaard, Exec. VP of Global Operations (Age 55)Mr. Gianluca Romano, Exec. VP & CFO 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.01%), Clearbridge Investments LLC (6.74%), State Street Corp (4.11%), Geode Capital Management LLC (1.30%), APG Asset Management N.V. (1.23%) and Bank of New York Mellon Corp (1.17%). Company insiders that own Seagate Technology stock include Ban Seng Teh, Holdings LP Valueact, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Katherine Schuelke, Kathryn R Scolnick, Nicholls Stuart, Stephen J Luczo, Valueact Capital Master Fund, and William D Mosley. View institutional ownership trends for Seagate Technology. Which institutional investors are selling Seagate Technology stock? STX stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Advisers LP, APG Asset Management N.V., APG Asset Management N.V., Clearbridge Investments LLC, Raymond James & Associates, Invesco Ltd., BlackRock Inc., and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have sold Seagate Technology company stock in the last year include Ban Seng Teh, James J Murphy, Jay L Geldmacher, Jeffrey D Nygaard, Katherine Schuelke, Stephen J Luczo, and William D Mosley. View insider buying and selling activity for Seagate Technology. Which institutional investors are buying Seagate Technology stock? STX stock was purchased by a variety of institutional investors in the last quarter, including Prudential PLC, APG Asset Management N.V., AQR Capital Management LLC, Wedge Capital Management L L P NC, Janus Henderson Group PLC, PGGM Investments, Schroder Investment Management Group, and Wells Fargo & Company MN. 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. 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, Robinhood, Fidelity, and Charles Schwab. What is Seagate Technology's stock price today? One share of STX stock can currently be purchased for approximately $52.11. How big of a company is Seagate Technology? Seagate Technology has a market capitalization of $13.37 billion and generates $10.39 billion in revenue each year. The data storage provider earns $2.01 billion in net income (profit) each year or $4.82 on an earnings per share basis. Seagate Technology employs 40,500 workers across the globe. What is Seagate Technology's official website? The official website for Seagate Technology is www.seagate.com. How can I contact Seagate Technology? 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] This page was last updated on 5/28/2020 by MarketBeat.com Staff
