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 6,823 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
41% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 75
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: $22.2B [Q2] → $22.9B (+$725M) [Q3]
6% less call options, than puts
Call options by funds: $566M | Put options by funds: $604M
2.81% less ownership
Funds ownership: 102.25% [Q2] → 99.43% (-2.81%) [Q3]
19% less funds holding in top 10
Funds holding in top 10: 16 [Q2] → 13 (-3) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$99
1%
upside
Avg. target
$127
30%
upside
High target
$150
54%
upside
9 analyst ratings
6 positive
67%
3 neutral
33%
0 negative
0%
Wells Fargo Aaron Rakers 69% 1-year accuracy 24 / 35 met price target | 13%upside $110 | Equal-Weight Maintained | 16 Jan 2025 |
Mizuho Vijay Rakesh 50% 1-year accuracy 38 / 76 met price target | 13%upside $110 | Outperform Maintained | 10 Jan 2025 |
Goldman Sachs Toshiya Hari 62% 1-year accuracy 69 / 112 met price target | 1%upside $99 | Neutral Maintained | 10 Jan 2025 |
Cantor Fitzgerald C J Muse 46% 1-year accuracy 38 / 83 met price target | 28%upside $125 | Neutral Reiterated | 23 Oct 2024 |
Wedbush Matt Bryson 35% 1-year accuracy 15 / 43 met price target | 54%upside $150 | Outperform Reiterated | 23 Oct 2024 |
Financial journalist opinion
Based on 12 articles about STX published over the past 30 days
Positive
Zacks Investment Research
3 days ago
Seagate to Report Q2 Earnings: Here's What Investors Should Know
STX's fiscal second-quarter performance is likely to have gained from incremental improvements in mass capacity demand, driven by nearline cloud products.
Positive
Zacks Investment Research
5 days ago
Seeking Clues to Seagate (STX) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Seagate (STX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Neutral
Business Wire
6 days ago
AI-Driven Data Creation to Spur Next-Wave Cloud Storage Growth, According to New Survey Commissioned by Seagate
FREMONT, Calif.--(BUSINESS WIRE)--Business leaders expect that adoption of AI applications will generate unprecedented volumes of data, driving a boom in cloud-based storage demands.
Positive
Seeking Alpha
1 week ago
Growing Cloud Storage Demand Bodes Well For Seagate
Seagate's stock price has dropped over 10% since August, but its strong Q1 performance and cloud storage demand make it a strong buy. Seagate remains a leader in hard drive storage, with significant market share and promising future growth, especially with HAMR technology increasing storage capacity. Despite substantial debt, Seagate plans to pay down $700 million this year and offers a sustainable 3.25% dividend yield at current prices.
Neutral
Zacks Investment Research
1 week ago
Seagate Stock Down 10% in a Month: Is This a Buying Opportunity?
Healthy market demand, strategic efforts and strong outlook make STX a compelling investment opportunity.
Positive
The Motley Fool
1 week ago
Here Are Billionaire Stanley Druckenmiller's 5 Biggest Stock Holdings
Decades away from his star-making turn at George Soros' Quantum Group of Funds, high-profile investor Stanley Druckenmiller stays well active in the stock-picking game with his Duquesne Family Office investment vehicle.
Neutral
Investors Business Daily
1 week ago
8 Stocks' Huge Profit Growth Is About To Knock Your Socks Off
Looking for some truly wowing profit growth from S&P 500 companies. A few are likely to knock your socks off.
Neutral
Business Wire
1 week ago
Seagate Technology to Report Fiscal Second Quarter 2025 Financial Results on January 21, 2025
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, will report fiscal second quarter 2025 financial results after the market closes on Tuesday, January 21, 2025. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed online at Seagate's Investor Relations website at investors.seagate.com. About Seagate Technology.
Positive
Benzinga
1 week 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
3 weeks ago
4 Tech Hardware Stocks to Buy Before the New Year's Demand
Uncover four tech hardware stocks well-positioned to soar in 2025, driven by AI, cloud and 5G rollout.
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