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Seagate Tech (STX)
NASDAQ:STX
Seagate Tech (STX) Stock Price & Analysis
2,507 Followers
STX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$54.92 - $100.44
Previous Close$93.71
Volume3.59M
Average Volume (3M)2.89M
Market Cap
$19.68B
Enterprise Value$24.55B
Total Cash (Recent Filing)$795.00M
Total Debt (Recent Filing)$5.67B
Price to Earnings (P/E)―
Beta1.37
Next Earnings
Jul 18, 2024EPS Estimate
$0.72Next Dividend Ex-Date
Jun 20, 2024Dividend Yield2.99%
Share Statistics
EPS (TTM)-1.30
Shares Outstanding209,988,542
10 Day Avg. Volume2,321,477
30 Day Avg. Volume2,894,997
Standard Deviation0.10
R-Squared0.33
Alpha0.00687
Financial Highlights & Ratios
Price to Book (P/B)-6.73
Price to Sales (P/S)2.67
Price to Cash Flow (P/CF)39.00
P/FCF Ratio30.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.61
Enterprise Value/Gross Profit18.17
Enterprise Value/Ebitda227.31
Forecast
1Y Price Target
$100.31Price Target Upside7.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Seagate Tech News
PremiumStock Analysis & Ideas
Citigroup Says Buy These 2 Storage Stocks Amid Cyclical Demand Recovery
Bulls Say, Bears Say
Bulls Say
Demand And Supply DynamicsDemand for hard disk drives is now exceeding supply, indicating a strong market position for Seagate.
Financial PerformanceSeagate's financial performance is strong with non-GAAP EPS and revenue for the recent quarter aligning with or exceeding guidance.
Strategic Asset SaleSale of SoC IP to Broadcom for $600 million in cash is expected to yield annual operational expenditure savings of $40 million starting in fiscal year 2025.
Bears Say
Competitive PerformanceSTX's nearline hard disk drive capacity shipment significantly underperformed compared to Western Digital.
Earnings Power LimitationMarket dynamics are limiting the earning power to <$6, which combined with the current valuation keep a Negative rating.
Technology DelayHAMR technology delay resulted in a reduced shipment target for high-capacity hard disk drives, indicating a temporary slowdown.
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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 $54.92 and its highest was $100.44 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 Jul 18, 2024 which is in 47 days.
How were Seagate Tech’s earnings last quarter?
Seagate Tech released its earnings results on Apr 23, 2024. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.291 by $0.039.
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 2.99%. See more information on Seagate Tech dividends here
What is Seagate Tech’s EPS estimate?
Seagate Tech’s EPS estimate is $0.72.
How many shares outstanding does Seagate Tech have?
Seagate Tech has 209,988,540 shares outstanding.
What happened to Seagate Tech’s price movement after its last earnings report?
Seagate Tech reported an EPS of $0.33 in its last earnings report, beating expectations of $0.291. Following the earnings report the stock price went up 0.67%.
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 357M.
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Seagate Tech Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$100.31 (7.58% Upside)
$100.31 (7.58% Upside)
Blogger Sentiment
Bullish
STX Sentiment 78%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 124.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 11.7%
Last 30 Days ▲ 11.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
59.59%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-10.93%
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
Q3 2024
0:00 / 0:00
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STX Revenue Breakdown
73.78% OEMs
15.15% Distributors
11.06% Retailers
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STX Stock 12 Month Forecast
Average Price Target
$100.31
▲(7.58% Upside)
Technical Analysis
Best Analysts Covering STX
1 Year
1 Year Success Rate
18/24 ratings generated profit
1 Year Average Return
+30.25%
reiterated a buy rating 4 months ago
Copying Kevin Cassidy's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +30.25% per trade.
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