Seagate Technology Plc Stock Today

STX Stock  USD 88.02  3.12  3.67%   

Performance

11 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 26

 
100  
 
Zero
Below Average
Seagate Technology is trading at 88.02 as of the 23rd of February 2024; that is 3.67% increase since the beginning of the trading day. The stock's open price was 84.9. Seagate Technology has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Seagate Technology PLC are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of January 2024 and ending today, the 23rd of February 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
11th of December 2002
Category
Technology
Classification
Information Technology
Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland. Seagate Technology operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. The company has 209.51 M outstanding shares of which 9.8 M shares are at this time shorted by investors with about 3.49 days to cover. More on Seagate Technology PLC

Moving together with Seagate Stock

  0.73CTS CTS Corporation Financial Report 25th of April 2024 PairCorr
  0.63LASR NLIGHT Inc Financial Report 2nd of May 2024 PairCorr
  0.67SSYS Stratasys Earnings Call This WeekPairCorr

Moving against Seagate Stock

  0.51MMAT Meta Materials Report 28th of March 2024 PairCorr

Seagate Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Seagate Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Seagate Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Seagate Technology's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Seagate Technology's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEO, DirectorCarl Sterritt
Thematic Ideas
(View all Themes)
SEC FilingsSeagate Technology Security & Exchange Commission EDGAR Reports
Business ConcentrationTechnology Hardware, Storage & Peripherals, Technology Hardware & Equipment, Information Technology, SP 500 Index, ARCA Computer Technology, NASDAQ Composite, NASDAQ Composite Total, Power Assets, Computers, Information Technology, Technology Hardware, Storage & Peripherals, Computer Hardware, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Seagate Technology report their recommendations after researching Seagate Technology's financial statements, talking to executives and customers, or listening in on Seagate Technology's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Seagate Technology PLC. The Seagate consensus assessment is calculated by taking the average forecast from all of the analysts covering Seagate Technology.
Financial Strength
Based on the key measurements obtained from Seagate Technology's financial statements, Seagate Technology PLC may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Seagate Technology PLC is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted219.7 M186.3 M
Fairly Up
Slightly volatile
Weighted Shares217.7 M186.3 M
Fairly Up
Slightly volatile
Return on Assets(0.0609)(0.0594)
Fairly Down
Very volatile
Net Cash Flow from Operations1.3 B847.8 M
Way Up
Slightly volatile
Current Liabilities3.1 BB
Sufficiently Up
Slightly volatile
Total Liabilities9.6 B10.1 B
Notably Down
Slightly volatile
Gross Margin0.20.16
Significantly Up
Pretty Stable
Total Debt5.9 B6.3 B
Notably Down
Slightly volatile
Asset Turnover0.970.83
Fairly Up
Slightly volatile
Current Assets3.2 B2.6 B
Fairly Up
Pretty Stable
Total Assets7.3 B6.8 B
Significantly Up
Pretty Stable
Seagate Technology's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Seagate Technology's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Seagate Technology's financial leverage. It provides some insight into what part of Seagate Technology's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Seagate Technology's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Seagate Technology deploys its capital and how much of that capital is borrowed.
Liquidity
Seagate Technology cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 5.45 B in debt. Seagate Technology PLC has a current ratio of 1.17, demonstrating that it may have difficulties to pay its financial commitments when the payables are due. Debt can assist Seagate Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Seagate Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Seagate Technology PLC sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Seagate to invest in growth at high rates of return. When we think about Seagate Technology's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.28 Billion
Seagate Technology PLC (STX) is traded on NASDAQ Exchange in USA. It is located in 38/39 Fitzwilliam Square, Dublin, Ireland, D02 NX53 and employs 33,400 people. Seagate Technology is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 17.79 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Seagate Technology's market, we take the total number of its shares issued and multiply it by Seagate Technology's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Seagate Technology PLC runs under Technology Hardware, Storage & Peripherals sector within Information Technology industry. The entity has 209.51 M outstanding shares of which 9.8 M shares are at this time shorted by investors with about 3.49 days to cover. Seagate Technology PLC has about 772 M in cash with 942 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.74.
Check Seagate Technology Probability Of Bankruptcy
Ownership Allocation
Seagate Technology maintains a total of 209.51 Million outstanding shares. The majority of Seagate Technology PLC outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Seagate Technology to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Seagate Technology PLC. Please pay attention to any change in the institutional holdings of Seagate Technology PLC as this could imply that something significant has changed or about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Seagate Ownership Details

Seagate Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Seagate Technology jumping above the current price in 90 days from now is about 14.24%. The Seagate Technology PLC probability density function shows the probability of Seagate Technology stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.4823. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Seagate Technology will likely underperform. Additionally, the company has an alpha of 0.0089, implying that it can generate a 0.008893 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 88.02HorizonTargetOdds Above 88.02
85.62%90 days
 88.02 
14.24%
Based on a normal probability distribution, the odds of Seagate Technology to move above the current price in 90 days from now is about 14.24 (This Seagate Technology PLC probability density function shows the probability of Seagate Stock to fall within a particular range of prices over 90 days) .

Seagate Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Seagate Technology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Seagate Technology's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Seagate Technology's value.
InstituionRecorded OnShares
Clearbridge Advisors, Llc2023-09-30
2.9 M
Amvescap Plc.2023-09-30
2.8 M
Norges Bank2023-12-31
2.2 M
Citadel Advisors Llc2023-09-30
2.2 M
Massachusetts Financial Services Company2023-12-31
M
Northern Trust Corp2023-09-30
1.6 M
Goldman Sachs Group Inc2023-09-30
1.6 M
Legal & General Group Plc2023-09-30
1.6 M
Holocene Advisors, Lp2023-09-30
1.6 M
Vanguard Group Inc2023-09-30
23.6 M
Jpmorgan Chase & Co2023-09-30
17.7 M
View Seagate Technology Diagnostics

Seagate Technology Historical Income Statement

Seagate Technology PLC Income Statement is one of the three primary financial statements used for reporting Seagate's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Seagate Technology PLC revenue and expense. Seagate Technology Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Seagate Technology's Cost of Revenue is fairly stable as compared to the past year. Gross Profit is likely to rise to about 1.2 B in 2024, whereas Consolidated Income is likely to drop (488.6 M) in 2024. View More Fundamentals

Seagate Stock Against Markets

Picking the right benchmark for Seagate Technology stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Seagate Technology stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Seagate Technology is critical whether you are bullish or bearish towards Seagate Technology PLC at a given time. Please also check how Seagate Technology's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seagate Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Exposure Probability Now

   

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets
All  Next Launch Module

Seagate Technology Corporate Directors

Seagate Technology corporate directors refer to members of a Seagate Technology board of directors. The board of directors generally takes responsibility for the Seagate Technology's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Seagate Technology's board members must vote for the resolution. The Seagate Technology board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Edward ZanderIndependent DirectorProfile
Chong ParkLead Independent DirectorProfile
Jay GeldmacherIndependent DirectorProfile
Rolf HoffmanNon-Executive DirectorProfile

How to buy Seagate Stock?

Before investing in Seagate Technology, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Seagate Technology. To buy Seagate Technology stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Seagate Technology. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Seagate Technology stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Seagate Technology PLC stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Seagate Technology PLC stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Seagate Technology PLC, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Seagate Stock please use our How to Invest in Seagate Technology guide.

Already Invested in Seagate Technology PLC?

The danger of trading Seagate Technology PLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Seagate Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Seagate Technology. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Seagate Technology PLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Seagate Technology PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Seagate Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Seagate Technology Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Seagate Technology Plc Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Seagate Technology PLC. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Seagate Stock analysis

When running Seagate Technology's price analysis, check to measure Seagate Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Seagate Technology is operating at the current time. Most of Seagate Technology's value examination focuses on studying past and present price action to predict the probability of Seagate Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Seagate Technology's price. Additionally, you may evaluate how the addition of Seagate Technology to your portfolios can decrease your overall portfolio volatility.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Is Seagate Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Seagate Technology. If investors know Seagate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Seagate Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.94)
Dividend Share
2.8
Earnings Share
(3.51)
Revenue Per Share
31.111
Quarterly Revenue Growth
(0.18)
The market value of Seagate Technology PLC is measured differently than its book value, which is the value of Seagate that is recorded on the company's balance sheet. Investors also form their own opinion of Seagate Technology's value that differs from its market value or its book value, called intrinsic value, which is Seagate Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Seagate Technology's market value can be influenced by many factors that don't directly affect Seagate Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Seagate Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Seagate Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Seagate Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.