STX - Seagate Technology PLC Stock Price, Fair Value and News

89.88USD+0.37 (+0.41%)Delayed as of 08 May 2024, 02:59 pm ET

Market Summary

USD89.88+0.37

Delayedas of 08 May 2024, 02:59 pm

0.41%

STX Alerts

Big fall in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

STX Stock Price

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STX RSI Chart

STX Valuation

Market Cap

18.8B

Price/Earnings (Trailing)

-69.62

Price/Sales (Trailing)

EV/EBITDA

50.31

Price/Free Cashflow

41.59

STX Price/Sales (Trailing)

STX Profitability

EBT Margin

-2.84%

Return on Equity

14.29%

Return on Assets

-3.8%

Free Cashflow Yield

2.4%

STX Fundamentals

STX Revenue

Revenue (TTM)

6.3B

Rev. Growth (Yr)

-11.02%

Rev. Growth (Qtr)

6.43%

STX Earnings

Earnings (TTM)

-270.0M

Earnings Growth (Yr)

105.77%

Earnings Growth (Qtr)

231.58%

Breaking Down STX Revenue

52 Week Range

56.0290.03

(Low)(High)

Last 7 days

4.2%

Last 30 days

-0.5%

Last 90 days

3.2%

Trailing 12 Months

59.0%

How does STX drawdown profile look like?

STX Financial Health

Current Ratio

0.85

Debt/Equity

-2.75

Debt/Cashflow

0.14

STX Investor Care

Dividend Yield

3.26%

Shares Dilution (1Y)

1.40%

Diluted EPS (TTM)

-1.3

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	6.3B	0	0	0
2023	8.4B	7.4B	6.8B	6.5B
2022	12.0B	11.7B	10.6B	9.4B
2021	10.2B	10.7B	11.5B	12.0B
2020	10.4B	10.5B	10.2B	10.2B
2019	10.9B	10.4B	10.0B	10.0B
2018	10.8B	11.2B	11.5B	11.3B
2017	11.0B	10.8B	10.6B	10.6B
2016	11.4B	11.2B	11.0B	10.9B
2015	14.1B	13.7B	12.9B	12.2B
2014	13.8B	13.7B	14.0B	14.2B
2013	15.4B	14.4B	14.1B	14.0B
2012	13.3B	14.9B	15.9B	16.3B
2011	10.8B	11.0B	11.1B	11.6B
2010	11.0B	11.4B	11.4B	11.1B
2009	0	9.8B	10.2B	10.6B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Seagate Technology PLC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 09, 2024	morris john christopher	sold	-16,684	92.69	-180	svp, hdd & sdd products & cto
Mar 09, 2024	teh ban seng	acquired	-	-	599	evp & chief commercial officer
Mar 09, 2024	mosley william d	acquired	-	-	2,814	chief executive officer
Mar 09, 2024	mosley william d	sold	-92,690	92.69	-1,000	chief executive officer
Mar 09, 2024	romano gianluca	acquired	-	-	958	evp & cfo
Mar 09, 2024	romano gianluca	sold	-44,954	92.69	-485	evp & cfo
Mar 09, 2024	morris john christopher	acquired	-	-	499	svp, hdd & sdd products & cto
Mar 09, 2024	chong kian fatt	acquired	-	-	201	svp, global operations
Mar 04, 2024	chong kian fatt	sold	-1,107,260	97.53	-11,353	svp, global operations
Feb 22, 2024	romano gianluca	acquired	-	-	14,042	evp & cfo

Which funds bought or sold STX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Advisory Services Network, LLC	reduced	-23.76	-287,640	1,414,410	0.03%
May 06, 2024	HighTower Advisors, LLC	reduced	-3.37	338,000	6,680,000	0.01%
May 06, 2024	Advisors Capital Management, LLC	added	2.73	2,990,000	27,957,000	0.51%
May 06, 2024	NewEdge Wealth, LLC	added	4.98	17,286	300,117	0.01%
May 06, 2024	SG Americas Securities, LLC	added	68.08	2,739,000	6,031,000	0.03%
May 06, 2024	Manchester Capital Management LLC	added	280	1,341	1,768	-%
May 06, 2024	Savant Capital, LLC	added	0.15	31,631	377,042	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-44.36	-305,000	470,000	-%
May 06, 2024	Jefferies Financial Group Inc.	added	3,012	24,874,200	25,507,300	0.17%
May 06, 2024	DUALITY ADVISERS, LP	new	-	960,834	960,834	0.10%

Are Funds Buying or Selling STX?

Are funds buying STX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own STX

No. of Funds

Unveiling Seagate Technology PLC's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 07, 2024	jpmorgan chase & co	10.3%	21,640,578	SC 13G/A
Feb 14, 2024	sanders capital, llc	7.41%	15,522,351	SC 13G/A
Feb 13, 2024	vanguard group inc	11.48%	24,006,681	SC 13G/A
Feb 09, 2024	capital research global investors	7.9%	16,614,884	SC 13G
Feb 09, 2024	fmr llc	-	0	SC 13G
Feb 06, 2024	blackrock inc.	7.3%	15,309,984	SC 13G/A
Jan 25, 2024	jpmorgan chase & co	8.5%	17,954,208	SC 13G/A
Jan 25, 2024	jpmorgan chase & co	8.5%	17,954,208	SC 13G/A
Sep 08, 2023	va partners i, llc	3.7%	7,687,070	SC 13D/A
Sep 01, 2023	va partners i, llc	6.5%	13,437,070	SC 13D/A

Recent SEC filings of Seagate Technology PLC

View All Filings

Date Filed	Form Type	Document
May 07, 2024	144	Notice of Insider Sale Intent
Apr 26, 2024	10-Q	Quarterly Report
Apr 25, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Apr 16, 2024	8-K	Current Report
Mar 12, 2024	4	Insider Trading
Mar 12, 2024	4	Insider Trading
Mar 12, 2024	4	Insider Trading
Mar 12, 2024	4	Insider Trading

Peers (Alternatives to Seagate Technology PLC)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	191.4B	57.2B	-2.64%	2.01%	14.24	3.34	7.66%	18.93%
ANET	85.7B	5.9B	-7.94%	98.43%	41.03	14.62	33.75%	54.34%
HPQ	27.8B	53.1B	-2.40%	-5.90%	8.15	0.52	-11.04%	34.01%
HPE	21.9B	29.1B	-6.33%	18.82%	10.82	0.75	2.24%	133.29%
LOGI	13.3B	4.2B	-3.41%	30.76%	27.36	3.13	-11.68%	12.69%
JNPR	11.2B	5.3B	-6.93%	19.38%	50.05	2.1	-2.96%	-55.26%
MID-CAP
UI	6.9B	1.9B	6.68%	-40.44%	18.48	3.66	4.69%	6.86%
BDC	3.7B	2.4B	1.61%	12.44%	20.47	1.53	-8.79%	-36.23%
LITE	2.8B	1.4B	-9.80%	-13.55%	-7.9	1.97	-21.81%	-865.12%
SMALL-CAP
EXTR	1.4B	1.2B	1.29%	-34.17%	-226.29	1.17	-0.19%	-110.91%
AAOI	447.7M	217.6M	-6.95%	558.19%	-7.99	2.06	-2.32%	15.59%
ADTN	426.4M	1.1B	6.96%	-37.59%	-1.59	0.37	12.05%	-13041.29%
ALOT	136.3M	148.1M	-0.73%	19.84%	29.03	0.92	3.90%	76.40%
AKTS	59.2M	29.7M	3.45%	-79.38%	-0.86	1.99	39.86%	-13.06%
AIRG	57.4M	56.0M	1.10%	-4.51%	-4.61	1.02	-26.16%	-43.53%

Seagate Technology PLC News

Latest updates

Seagate Technology PLC Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	6.4%	1,655	1,555	1,454	1,602	1,860	1,887	2,035	2,628	2,802	3,116	3,115	3,013	2,731	2,623	2,314	2,517	2,718	2,696	2,578	2,371	2,313
Costs and Expenses	5.7%	1,512	1,431	1,583	1,576	2,175	2,047	1,928	2,268	2,373	2,536	2,529	2,506	2,345	2,275	2,063	2,250	2,342	2,312	2,305	2,039	2,077
S&GA Expenses	7.4%	116	108	105	114	123	125	129	149	141	136	133	136	126	122	118	112	119	120	122	108	110
R&D Expenses	1.9%	164	161	171	172	191	200	234	247	233	228	233	232	227	221	223	222	246	250	255	241	238
EBITDA Margin	632.4%	0.07*	0.01*	0.02*	0.04*	0.08*	0.15*	0.18*	0.20*	0.21*	0.21*	0.20*	0.18*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.4%	82.00	84.00	84.00	84.00	81.00	77.00	71.00	65.00	63.00	62.00	59.00	59.00	59.00	52.00	50.00	49.00	49.00	48.00	55.00	55.00	55.00
Income Taxes	120.0%	33.00	15.00	37.00	7.00	33.00	-5.00	-2.00	5.00	5.00	13.00	7.00	15.00	10.00	11.00	-2.00	-6.00	18.00	18.00	-2.00	-692	20.00
Earnings Before Taxes	1550.0%	58.00	-4.00	-147	-85.00	-400	-38.00	27.00	281	351	514	533	497	339	291	221	160	338	336	198	291	215
EBT Margin	71.1%	-0.03*	-0.10*	-0.10*	-0.07*	-0.02*	0.07*	0.11*	0.14*	0.16*	0.16*	0.14*	0.13*	-	-	-	-	-	-	-	-	-
Net Income	231.6%	25.00	-19.00	-184	-92.00	-433	-33.00	29.00	276	346	501	526	482	329	280	223	166	320	318	200	983	195
Net Income Margin	61.7%	-0.04*	-0.11*	-0.11*	-0.07*	-0.02*	0.07*	0.11*	0.14*	0.15*	0.15*	0.14*	0.12*	-	-	-	-	-	-	-	-	-
Free Cashflow	29.3%	128	99.00	57.00	168	174	172	112	108	363	426	379	354	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.7%	7,096	7,149	7,196	7,556	7,967	7,867	8,611	8,944	9,145	9,375	8,613	8,675	8,604	8,986	8,862	8,930	8,829	8,932	8,738	8,885	8,596
Current Assets	-0.5%	2,615	2,628	2,636	2,905	3,597	3,081	3,740	4,033	4,259	4,450	3,668	3,779	3,692	4,081	3,994	4,114	4,015	4,152	4,031	4,363	3,487
Cash Equivalents	1.0%	795	787	795	786	766	770	761	615	1,138	1,535	991	1,209	1,212	1,799	1,664	1,724	1,612	1,744	1,784	2,220	1,388
Inventory	13.1%	1,191	1,053	1,052	1,140	1,200	1,194	1,606	1,565	1,479	1,287	1,188	1,204	1,281	1,318	1,323	1,142	1,102	1,148	1,041	970	1,001
Net PPE	-0.2%	1,639	1,642	1,652	1,706	1,753	2,122	2,196	2,239	2,197	2,216	2,213	2,181	2,215	2,218	2,167	2,129	2,093	2,049	1,991	1,869	1,822
Goodwill	0%	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237	1,237
Liabilities	0.2%	8,985	8,963	8,898	8,755	8,971	8,337	8,962	8,835	8,724	8,849	8,012	8,044	8,120	7,996	7,041	7,143	7,037	7,102	6,968	6,723	6,907
Current Liabilities	21.1%	3,062	2,529	2,473	2,592	3,639	2,725	3,138	3,555	2,881	2,992	2,889	2,921	2,993	2,621	2,644	2,722	2,690	2,700	2,549	2,232	2,146
Long Term Debt	-8.4%	5,192	5,669	5,666	5,388	4,840	5,393	5,613	5,062	5,614	5,626	4,891	4,894	4,897	5,120	4,138	4,156	4,091	4,135	4,140	4,253	4,522
LT Debt, Current	-	479	-	-	63.00	1,118	636	636	584	30.00	235	245	245	245	25.00	25.00	19.00	12.00	6.00	-	-	-
LT Debt, Non Current	-8.4%	5,192	5,669	5,666	5,388	4,840	5,393	5,613	5,062	5,614	5,626	4,891	4,894	4,897	5,120	4,138	4,156	4,091	4,135	4,140	4,253	4,522
Shareholder's Equity	-4.1%	-1,889	-1,814	-	-1,199	-1,004	-470	-	109	421	526	601	631	484	990	1,821	1,787	1,792	1,830	1,770	2,162	1,689
Retained Earnings	-1.4%	-9,319	-9,194	-9,025	-8,670	-8,430	-7,850	-7,672	-7,117	-6,767	-6,533	-6,398	-6,305	-6,417	-5,829	-4,947	-4,904	-4,866	-4,804	-4,800	-4,349	-4,808
Additional Paid-In Capital	-	-	-	-	7,373	-	-	-	7,190	-	-	-	6,977	-	-	-	6,757	-	-	-	6,545	-
Shares Outstanding	0.5%	210	209	208	207	207	206	208	210	218	221	226	242	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	10,100	-	-	-	24,700	-	-	-	14,800	-	-	-	15,400	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	11.2%	188	169	127	218	228	251	245	180	460	521	496	478	378	473	297	388	390	480	456	448	438
Share Based Compensation	13.3%	34.00	30.00	25.00	22.00	31.00	33.00	29.00	39.00	36.00	36.00	34.00	25.00	29.00	30.00	28.00	29.00	27.00	27.00	26.00	26.00	28.00
Cashflow From Investing	-48.6%	-52.00	-35.00	-70.00	469	-42.00	-77.00	-133	-59.00	-97.00	-76.00	-120	-106	-97.00	-159	-104	-108	-142	-234	-151	1,205	-129
Cashflow From Financing	9.9%	-128	-142	-49.00	-667	-190	-165	34.00	-644	-760	99.00	-594	-375	-868	-179	-251	-177	-374	-289	-765	-795	-276
Dividend Payments	0.7%	147	146	145	145	145	145	147	152	154	151	153	154	161	167	167	168	170	165	170	174	178
Buy Backs	-	-	-	-	-	-	-	408	476	428	480	425	223	762	1,000	68.00	46.00	214	150	450	350	327

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STX Income Statement

2024-03-29

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 29, 2024	Mar. 31, 2023	Mar. 29, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 1,655	$ 1,860	$ 4,664	$ 5,782
Cost of revenue	1,230	1,541	3,728	4,735
Product development	164	191	496	625
Marketing and administrative	116	123	329	377
Amortization of intangibles	0	0	0	3
BIS settlement penalty	0	300	0	300
Restructuring and other, net	2	20	(27)	110
Total operating expenses	1,512	2,175	4,526	6,150
Income (loss) from operations	143	(315)	138	(368)
Interest income	3	2	8	4
Interest expense	(82)	(81)	(250)	(229)
Net gain recognized from termination of interest rate swap	0	0	104	0
Net gain (loss) recognized from early redemption of debt	0	3	(29)	207
Other, net	(6)	(9)	(64)	(25)
Other expense, net	(85)	(85)	(231)	(43)
Income (loss) before income taxes	58	(400)	(93)	(411)
Provision for income taxes	33	33	85	26
Net income (loss)	$ 25	$ (433)	$ (178)	$ (437)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.12	$ (2.09)	$ (0.85)	$ (2.11)
Diluted (in dollars per share)	$ 0.12	$ (2.09)	$ (0.85)	$ (2.11)
Number of shares used in per share calculations:
Basic (in shares)	210,000	207,000	209,000	207,000
Diluted (in shares)	213,000	207,000	209,000	207,000
Cash dividends declared per ordinary share (in dollars per share)	$ 0.70	$ 0.70	$ 2.10	$ 2.10

STX Balance Sheet

2024-03-29

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 29, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 795	$ 786
Accounts receivable, net	332	621
Inventories, net	1,191	1,140
Other current assets	297	358
Total current assets	2,615	2,905
Property, equipment and leasehold improvements, net	1,639	1,706
Goodwill	1,237	1,237
Deferred Income Tax Assets, Net	1,052	1,117
Other assets, net	553	591
Total Assets	7,096	7,556
Current liabilities:
Accounts payable	1,672	1,603
Accrued employee compensation	75	100
Accrued warranty	78	78
Accrued expenses	758	748
Total current liabilities	3,062	2,592
Long-term accrued warranty	78	90
Other non-current liabilities	653	685
Long-term debt, less current portion	5,192	5,388
Total Liabilities	8,985	8,755
Shareholders’ Deficit:
Ordinary shares and additional paid-in capital	7,433	7,373
Accumulated other comprehensive (loss) income	(3)	98
Accumulated deficit	(9,319)	(8,670)
Total Shareholders’ Deficit	(1,889)	(1,199)
Total Liabilities and Shareholders’ Deficit	7,096	7,556
Less: current portion of debt, net of debt issuance costs	$ 479	$ 63

About Seagate Technology PLC

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie brand name; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.

CEO	Dr. William David Mosley
WEBSITE	seagate.com
INDUSTRY	Computer Hardware
EMPLOYEES	33400

Seagate Technology PLC Frequently Asked Questions

What is the ticker symbol for Seagate Technology PLC? What does STX stand for in stocks?

STX is the stock ticker symbol of Seagate Technology PLC. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Seagate Technology PLC (STX)?

As of Tue May 07 2024, market cap of Seagate Technology PLC is 18.8 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of STX stock?

You can check STX's fair value in chart for subscribers.

What is the fair value of STX stock?

You can check STX's fair value in chart for subscribers. The fair value of Seagate Technology PLC is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Seagate Technology PLC is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for STX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Seagate Technology PLC a good stock to buy?

The fair value guage provides a quick view whether STX is over valued or under valued. Whether Seagate Technology PLC is cheap or expensive depends on the assumptions which impact Seagate Technology PLC's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for STX.

What is Seagate Technology PLC's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, STX's PE ratio (Price to Earnings) is -69.62 and Price to Sales (PS) ratio is 3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. STX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Seagate Technology PLC's stock?

In the past 10 years, Seagate Technology PLC has provided 0.106 (multiply by 100 for percentage) rate of return.