Seagate Technology Holdings plc (STX) Price Targets: What Are They?

The stock of Seagate Technology Holdings plc (NASDAQ:STX) increased by increased by $4.99 on Friday to finish at $87.23, up 6.07 percent. The last five days have seen an average of 2,819,920 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $25.07. The average number of shares traded over the last 20 days was 2,246,130, while the average volume over the last 50 days totaled 2,198,202.

STX stock appreciated 2.58% since last month. On 10/12/21, the company’s shares reached a one-month low of $78.20. The stock touched a high of $106.22 on 05/17/21, after rallying from a low of $46.92 in 52 weeks. The price of STX stock has risen by 40.33% or $25.07 this year, reaching a new high 24 times. Still, the stock price is down -17.88% from the 52-week high.

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Insider Transactions

There have been 21 days since Seagate Technology Holdings plc (STX) last reported insider trading activity on Oct 04. On Oct 04, EVP & CFO Romano Gianluca sold 26,139 shares at $84.40 each. This transaction resulted in the insider making $2,206,010. On Sep 14, Teh Ban Seng sold 623 shares at a price of US$83.99. After the transaction, the insider now owns 8,710 shares. EVP, Global Sales Teh Ban Seng had earlier sold 2,822 shares on Sep 13 for $83.86 a share. The transaction was completed for $236,653.

Valuation Metrics

Seagate Technology Holdings plc (STX) has a trailing price-to-earnings (P/E) ratio of 16.06. This level actually compares favorably with the industry at large, as the PE for the Computer Hardware industry stands at about 20.28. Further, its PE also compares favorably with the Technology sector’s trailing 12 months PE ratio, which comes in at 38.99 right now. The PE ratio of Seagate Technology Holdings plc has varied between 32.41 and 6.250 in the last five years. Beta for the stock is 1.08. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.74, the price-to-book (PB) ratio of 31.84, and the price-to-cash flow ratio of 48.27.

Seagate Technology Holdings plc’s dividend is $2.68 per share per year. With a dividend yield of 3.07%, STX has a payout ratio of 65.30%. Company paid $0.70 per share in dividends, an increase of 4.48% from $0.67 last year. A $0.03 dividend increase was reported on Friday October 22 2021, making it the 3 consecutive year the dividend has increased. Over the last three years, dividends have increased by 3.97%.

For the three months ended June 29, Seagate Technology Holdings plc’s quick ratio was 0.90, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 7.76, and the total debt to equity ratio is 8.14. As far as profitability goes, gross margin for the trailing twelve months is 27.30% percent. Seagate Technology Holdings plc’s EBITDA margin for the year ended June 29 was 17.35%, whereas its operating margin stood at 11.70% for the same period. Based on annual data, it had gross profit of $2.92 billion and revenue of $10.68 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. STX’s return on assets (ROA) during the last 12 months has been 11.40%. There was a 25.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 101.70%. ROE has averaged 3.62 in the past year for the broader industry.

Earnings Surprise

According to Seagate Technology Holdings plc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.01 billion, while revenues rose by 16.46% to $2.73 billion. It was predicted that Seagate Technology Holdings plc’s quarterly earnings would be $2, but it ended up being $1.89, beating the consensus by 5.80%. EBITDA was $610.0 million for the quarter. At the end of Seagate Technology Holdings plc’s most recent quarter ended June 29, its liabilities totaled 8.04 billion, while its total debt was $5.21 billion. Equity owned by shareholders amounts to $227.6 million.

Technical Picture

Here’s a quick look at Seagate Technology Holdings plc’s (STX) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 66.80%, suggesting the stock is Neutral, with a 40.62% historical volatility rate.

The stochastic %K and %D were 55.96% and 44.42% respectively, while the average true range (ATR) was 2.87. Based on the 14-day stochastic reading of 83.84%, the RSI (14) reading is 59.64%. On the 9-day MACD Oscillator, the stock is at 1.62, and the 14-day reading is at 1.58.

Analyst Ratings

In a note to investors, Susquehanna maintained its a Neutral rating on Seagate Technology Holdings plc (NASDAQ: STX). However, the firm raised their price target to $93, indicating a possible increase of 3.08% in the stock price. Analysts have assigned Seagate Technology Holdings plc (STX) an Overweight rating. STX is a stock that is recommended for selling by 0 brokerage firms, while 16 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.

What is STX’s price target for the next 12 months?

The current consensus forecast for the stock is between $85.00 and $135.00, with a median target price of $100.00. In analyzing these forecasts, the average price target given by analysts for Seagate Technology Holdings plc (STX) is $103.29.


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