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 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
22% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 87
15% more repeat investments, than reductions
Existing positions increased: 300 | Existing positions reduced: 260
2% more funds holding
Funds holding: 787 [Q2] → 806 (+19) [Q3]
3% more capital invested
Capital invested by funds: $19.8B [Q2] → $20.4B (+$624M) [Q3]
6% less call options, than puts
Call options by funds: $566M | Put options by funds: $604M
2.6% less ownership
Funds ownership: 91.27% [Q2] → 88.67% (-2.6%) [Q3]
19% less funds holding in top 10
Funds holding in top 10: 16 [Q2] → 13 (-3) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$125
43%
upside
Avg. target
$137
57%
upside
High target
$150
72%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
Cantor Fitzgerald C J Muse 44% 1-year accuracy 36 / 82 met price target | 43%upside $125 | Neutral Reiterated | 23 Oct 2024 |
Wedbush Matt Bryson 37% 1-year accuracy 16 / 43 met price target | 72%upside $150 | Outperform Reiterated | 23 Oct 2024 |
Northland Capital Markets Gus Richard 54% 1-year accuracy 15 / 28 met price target | 65%upside $144 | Outperform Maintained | 23 Oct 2024 |
Citigroup Asiya Merchant 48% 1-year accuracy 13 / 27 met price target | 49%upside $130 | Buy Maintained | 23 Oct 2024 |
Evercore ISI Group Amit Daryanani 71% 1-year accuracy 34 / 48 met price target | 55%upside $135 | Outperform Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 13 articles about STX published over the past 30 days
Positive
The Motley Fool
2 hours ago
Here Are Billionaire Stanley Druckenmiller's 5 Biggest Stock Holdings
Billionaire Stanley Druckenmiller might not be a household name like Warren Buffett, but he's one of the best investors of all time.
Positive
Benzinga
2 days ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Positive
Zacks Investment Research
1 week ago
Here's Why Seagate (STX) is a Strong Momentum Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Positive
Zacks Investment Research
1 week ago
Is STX's Cheap Valuation an Opportunity to Invest in the Stock?
Healthy market demand, strategic efforts and strong outlook make Seagate a compelling investment opportunity.
Positive
MarketBeat
1 week ago
Data Guardians: 2 AI Storage Stocks Winning Big
The digital domain has an insatiable appetite for data that is fueling a boom in the data storage industry. The International Data Corporation (IDC) projects a compound annual growth rate exceeding 10% for the overall data storage market through 2028, a trajectory primarily driven by the exponential growth of artificial intelligence (AI) and cloud computing.
Neutral
Seeking Alpha
1 week ago
Seagate Technology Holdings plc (STX) Barclays 22nd Annual Global Technology Conference (Transcript)
Seagate Technology Holdings plc (NASDAQ:STX ) Barclays 22nd Annual Global Technology Conference December 11, 2024 12:15 PM ET Company Participants Gianluca Romano - CFO Conference Call Participants Thomas O'Malley - Barclays Thomas O'Malley Can kick us off now on the clock, so we know. But welcome back, everyone.
Positive
Seeking Alpha
1 week ago
Why Digital Storage Inflation Will Accelerate Seagate's Growth Beyond The Next 3 Years
Growth acceleration to increase Seagate's value from $20.8B to $42.5B over the next decade. The misconception that SSDs will push out HDDs has punished STX's valuation down to intrinsic value. My outlook on the company is positive, and I expect investors to start following the stock closer as growth accelerates.
Positive
Seeking Alpha
2 weeks ago
17 Upcoming Dividend Increases, Including A King
With the holiday season underway, I present 17 companies with dividend increases for 2024, including Becton, Dickinson, and Company, a dividend king with a 52-year streak. My strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. I prioritize companies with strong historical returns and high 10-year dividend growth rates, comparing them against the Schwab U.S. Dividend Equity ETF.
Neutral
Seeking Alpha
2 weeks ago
Seagate Technology Holdings plc (STX) Wells Fargo 8th Annual TMT Summit Conference (Transcript)
Seagate Technology Holdings plc (NASDAQ:STX ) Wells Fargo 8th Annual TMT Summit Conference December 4, 2024 2:00 PM ET Company Participants Gianluca Romano - CFO Conference Call Participants Aaron Rakers - Wells Fargo Aaron Rakers Why don't we go ahead and get started. We'll stay on schedule here.
Neutral
Seeking Alpha
2 weeks ago
Seagate Technology Holdings plc (STX) CEO Dave Mosley presents at UBS Global Technology and AI Conference (Transcript)
Seagate Technology Holdings plc (NASDAQ:STX ) UBS Global Technology and AI Conference December 3, 2024 3:35 PM ET Company Participants Dave Mosley - CEO Conference Call Participants Timothy Arcuri - UBS Securities LLC Timothy Arcuri Okay, we're going to start. I'm Tim Arcuri.
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