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Seagate Tech (STX)
NASDAQ:STX
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STX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$63.32 - $113.57
Previous Close$101.44
Volume1.50M
Average Volume (3M)2.35M
Market Cap
$21.35B
Enterprise Value$25.67B
Total Cash (Recent Filing)$1.36B
Total Debt (Recent Filing)$5.67B
Price to Earnings (P/E)64.2
Beta1.40
Next Earnings
Oct 24, 2024EPS Estimate
$1.44Next Dividend Ex-Date
Sep 23, 2024Dividend Yield2.74%
Share Statistics
EPS (TTM)1.53
Shares Outstanding210,195,239
10 Day Avg. Volume2,172,747
30 Day Avg. Volume2,353,766
Standard Deviation0.10
R-Squared0.32
Alpha0.00657
Financial Highlights & Ratios
Price to Book (P/B)-14.40
Price to Sales (P/S)3.25
Price to Cash Flow (P/CF)12.40
P/FCF Ratio11.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.77
Enterprise Value/Gross Profit16.71
Enterprise Value/Ebitda165.60
Forecast
1Y Price Target
$120.47Price Target Upside18.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
Seagate Tech News
PremiumCompany Announcements
Robert Bruggeworth Ends Tenure on Seagate Board
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBetter-than-expected mix and pricing are leading to top-line upside and improved profitability for Seagate.
Market DemandRecovering demand drives shipments to potentially grow to 125EB near-term and 150EB+ with new product launches at Enterprise customers.
ValuationBull case valuation of $166 vs. bear case valuation of $79 creates a 2:1 positive risk/reward ratio.
Bears Say
EarningsThe market dynamics are limiting the earnings power to less than $6, which combined with the current valuation keeps a Negative rating.
Inventory ManagementInventory levels remained unchanged, which could indicate potential challenges in inventory management.
Production CapacitySeagate's production capacity is limited to approximately 120EB, with reluctance to expand beyond this due to a primary focus on profitability.
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Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
STX FAQ
What was Seagate Tech’s price range in the past 12 months?
Seagate Tech lowest stock price was $63.32 and its highest was $113.57 in the past 12 months.
What is Seagate Tech’s market cap?
Currently, no data Available
When is Seagate Tech’s upcoming earnings report date?
Seagate Tech’s upcoming earnings report date is Oct 24, 2024 which is in 34 days.
How were Seagate Tech’s earnings last quarter?
Seagate Tech released its earnings results on Jul 23, 2024. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.762 by $0.288.
Is Seagate Tech overvalued?
According to Wall Street analysts Seagate Tech’s price is currently Undervalued.
Does Seagate Tech pay dividends?
Seagate Tech pays a Quarterly dividend of $0.7 which represents an annual dividend yield of 2.74%. See more information on Seagate Tech dividends here
What is Seagate Tech’s EPS estimate?
Seagate Tech’s EPS estimate is $1.44.
How many shares outstanding does Seagate Tech have?
Seagate Tech has 210,489,620 shares outstanding.
What happened to Seagate Tech’s price movement after its last earnings report?
Seagate Tech reported an EPS of $1.05 in its last earnings report, beating expectations of $0.762. Following the earnings report the stock price went up 4.017%.
Which hedge fund is a major shareholder of Seagate Tech?
Among the largest hedge funds holding Seagate Tech’s share is Slate Path Capital LP. It holds Seagate Tech’s shares valued at 321M.
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Seagate Tech Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$120.47 (18.03% Upside)
$120.47 (18.03% Upside)
Blogger Sentiment
Bullish
STX Sentiment 82%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 236.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.2%
Last 30 Days ▲ 10.3%
Last 30 Days ▲ 10.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
64.59%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
2.42%
Trailing 12-Months
Company Description
Seagate Tech
Seagate Technology Plc engages 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. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.
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STX Company Deck
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STX Earnings Call
Q4 2024
0:00 / 0:00
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STX Revenue Breakdown
74.74% OEMs
14.84% Distributors
10.43% Retailers
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STX Stock 12 Month Forecast
Average Price Target
$120.47
▲(18.03% Upside)
Technical Analysis
Best Analysts Covering STX
1 Year
1 Year Success Rate
18/25 ratings generated profit
1 Year Average Return
+30.36%
reiterated a buy rating 2 months ago
Copying Kevin Cassidy's trades and holding each position for 1 Year would result in 72.00% of your transactions generating a profit, with an average return of +30.36% per trade.
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