Essential Facts About Seagate (STX) Technology

Large-cap Technology company Seagate Technology has logged a 3.3% change today on a trading volume of 1,330,829. The average volume for the stock is 2,753,956.

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. Based in Dublin, Ireland the company has 40,000 full time employees and a market cap of $10,886,319,104. Seagate Technology currently offers its equity investors a dividend that yields 5.5% per year.

The company is now trading -9.74% away from its average analyst target price of $58.42 per share. The 19 analysts following the stock have set target prices ranging from $38 to $70, and on average give Seagate Technology a rating of hold.

Over the last year, STX shares have gone down by -55.1%, which represents a difference of -34.3% when compared to the S&P 500. The stock's 52 week high is $117.67 per share and its 52 week low is $47.47. Based on Seagate Technology's average gross margin growth of 1.9% over the last four years, its core business remains strong and the stock price may recover in the long term.

Date Reported Revenue ($ MM) Cost of Revenue ($ MM) Gross Margins (%) YoY Growth (%)
2022-06-30 11,661 8,192 29.75 8.93
2021-06-30 10,681 7,764 27.31 1.0
2020-06-30 10,509 7,667 27.04 -4.18
2019-06-30 10,390 7,458 28.22 n/a
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