Seagate
About: Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
Employees: 30,000
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 12 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
26% more repeat investments, than reductions
Existing positions increased: 319 | Existing positions reduced: 254
5% less funds holding
Funds holding: 808 [Q3] → 771 (-37) [Q4]
9.17% less ownership
Funds ownership: 99.44% [Q3] → 90.27% (-9.17%) [Q4]
12% less first-time investments, than exits
New positions opened: 94 | Existing positions closed: 107
28% less capital invested
Capital invested by funds: $22.9B [Q3] → $16.5B (-$6.41B) [Q4]
38% less funds holding in top 10
Funds holding in top 10: 13 [Q3] → 8 (-5) [Q4]
44% less call options, than puts
Call options by funds: $281M | Put options by funds: $501M
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$68
33%
downside
Avg. target
$118
17%
upside
High target
$160
59%
upside
12 analyst ratings
6 positive
50%
5 neutral
42%
1 negative
8%
Cantor Fitzgerald Matthew Prisco 71% 1-year accuracy 12 / 17 met price target | 19%upside $120 | Neutral Reiterated | 22 Jan 2025 |
UBS Timothy Arcuri 58% 1-year accuracy 18 / 31 met price target | 4%upside $105 | Neutral Maintained | 22 Jan 2025 |
Susquehanna Mehdi Hosseini 68% 1-year accuracy 27 / 40 met price target | 33%downside $68 | Negative Maintained | 22 Jan 2025 |
Rosenblatt Kevin Cassidy 58% 1-year accuracy 35 / 60 met price target | 49%upside $150 | Buy Maintained | 22 Jan 2025 |
B of A Securities Wamsi Mohan 82% 1-year accuracy 70 / 85 met price target | 29%upside $130 | Buy Maintained | 22 Jan 2025 |
Financial journalist opinion
Based on 12 articles about STX published over the past 30 days
Neutral
Business Wire
1 day ago
Seagate to Participate in Upcoming Investor Events
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, today announced that management is scheduled to participate in the following investor events: Event: Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 4, 2025 Details: Presentation at 10:45 AM PT / 1:45 PM ET and hosting investor meetings Event: Loop Capital Markets 6th Annual Investor Conference on Tuesday, March 11, 2025 Details: Hosting.
Neutral
Business Wire
1 week ago
INTEVAC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Intevac, Inc. - IVAC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Intevac, Inc. (NasdaqGS: IVAC) to Seagate Technology Holdings plc (NasdaqGS: STX). Under the terms of the proposed transaction, shareholders of Intevac will receive $4.00 in cash for each share of Intevac that they own. KSF is seeking to determine whether this consideration and the process that led to it are a.
Positive
Zacks Investment Research
1 week ago
Seagate Inks Deal to Acquire Intevac in $119 Million All-Cash Deal
STX will buy Intevac for $4.00 per share in an all-cash transaction. The buyout is expected to close by late March or early April 2025.
Neutral
Zacks Investment Research
1 week ago
Seagate Stock Trades at a Discount: Buy, Sell or Hold?
Seagate Technology Holdings plc STX is trading comparatively cheap from a valuation standpoint. STX is currently trading at a forward 12-month price-to-sales ratio of 2.05X, a discount compared with the Zacks Computer & Technology sector's 6.53X and the Zacks Computer – Integrated Systems industry's 3.27X.
Positive
TechCrunch
1 week ago
Seagate acquires Intevac, which makes equipment for hard disk drives, for $119M
Seagate, the data storage company, has announced its intent to acquire Intevac, a hard drive equipment producer, in an all-cash deal worth $119 million.
Positive
Market Watch
1 week ago
20 stocks of companies that have put up excellent numbers this earnings season, including a surprise
It's a good sign when a company can increase sales rapidly while also maintaining pricing power and improving efficiency.
Positive
Seeking Alpha
1 week ago
Seagate: The AI Stock We Should Be Talking More About
Seagate's HDD drives are essential for AI models, offering low-cost, high-capacity storage solutions, making it a strong investment opportunity. Seagate's Q2 revenue surged 50% y/y, driven by robust enterprise demand and GenAI applications, with continued growth expected in Q3. Seagate's operating margins and cash flow have significantly improved, reducing debt and enhancing profitability, underscoring its financial health.
Neutral
Business Wire
1 week ago
Seagate Announces Agreement to Acquire Intevac
FREMONT, Calif. & SANTA CLARA, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (Nasdaq: STX) (“Seagate”), a leading innovator of mass-capacity data storage, and Intevac, Inc. (Nasdaq: IVAC) (“Intevac”), a supplier of thin-film processing systems, today announced that Seagate has entered into a definitive agreement to acquire Intevac in an all-cash transaction for $4.00 per share (the “Transaction”). In connection with the closing of the Transaction, Intevac will pay a one-time special.
Positive
MarketBeat
3 weeks ago
Top Analysts' Picks for 2025: 3 of Morgan Stanley's Favorites
Among sell-side analysts on Wall Street, Morgan Stanley is one of the most well-known. The company's large investment banking business, which generated $6.1 billion in revenue in fiscal 2024, contributes to the scope of its equity coverage.
Positive
Benzinga
3 weeks ago
DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants
IT hardware stocks have dropped following the DeepSeek news.
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