Buy, Sell or Hold: Seagate Technology (STX-Q) — Stockchase

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Seagate Technology (STX-Q)

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NASDAQ:STX

83.04

4.95 (6.34%) 1d

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Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

The recent feedback on Seagate Technology (STX-Q) reflects a mix of optimism and caution regarding its market performance. One review labels the stock as a value trap, suggesting a persistent undervaluation despite strong earnings potential. Conversely, several analysts highlight confidence in the company's robust quarter and advancements in the PC sector, driven by AI technologies and improved chip performance. With certain industry players like Dell and AMD reporting better-than-expected growth, there is a renewed sense of optimism around Seagate's prospects. Experts note that the demand for PC upgrades, along with Seagate's leadership in the storage sector, positions the company for potential margin expansions and increased pricing power, indicating a significant transformation in its business outlook.

Consensus

Bullish

Valuation

Undervalued

Similar

Western Digital, WDC-Q

DON'T BUY

The stock has never done and has always been cheap. It's a value trap.

BUY

A buy off of Dell's strong earnings report.

BUY

Seagate just reported a great quarter.

BUY

Just bought this for the first time. AI is driving a new refresh cycle in PCs. Also, we haven't upgraded PCs in 4-5 years. Dell just said their PC business was up 3% instead of the expected -2%. HPQ will see growth in the second half of this year, for the first time in 2 years. Also, AMD said last Sunday that their AI PC chips are 5x the speed of existing chips. Seagate leads this sector. Gross margins are poised to go higher. Margins could expand 1,000 basis points year over year. They have pricing power and volumes are rising. She might be early on it, but that's fine.

BUY

Memory chips are bottoming now and management just stood behind its 4.8% dividend yield.

BUY

It has bottomed. It pays a 5.4% dividend yield and trades at 11x in a business that has insatiable demand for hard-drive storage.

DON'T BUY

Missed earnings and was downgraded today. Much prefers Taiwan Semi and Samsung which are behemoths compared to Seagate.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 27/20, Up 75%)Stochchase Research Editor: Michael O'Reilly Our PAST TOP PICK with STX has triggered its stop at $85. We recommend covering the balance of the position now. Combined with the previous recommendation to cover 50%, this will result in a net investment return exceeding 50%.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 27/20, Up 114.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with STX continues to make good progress. We now recommend trailing up the stop (from $65) to $85. If triggered, this would all but guarantee a minimum investment return of 50%, when considering the previous recommendation to cover half of the holding.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 27/20, Up 70.3%)Stockchase Research Editor: Michael O'Reilly We are recommending trailing up the stop to $65. This would all but guarantee a minimum investment return of 29%, including the previous recommendation to cover 50%.

DON'T BUY

Hard drives refuse to die. Hoya is the only supplier of glass platters, so that's where he's invested. Hard drives will be transitioning from aluminum to glass over the next 5 years.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Nov 12/20, Up 25.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with STX has achieved its $60 objective. To be disciplined we are recommending covering 50% of the position. We also recommend trailing up the stop to $48 -- near our original acquisition recommendation.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly This solid dividend player is trading at a great PE valuation following its most recent earnings report. Earnings reflected a 10% drop in revenues from a year ago, as HDD was weaker than expected, but was partially offset by its cloud data center demand and video applications. The company stands by its guidance numbers, whose mid-points are above current analyst expectations. Trading at a 10 PE it is great value compared to the sector average PE of 63. It pays a great dividend backed by a 38% payout ratio. We would trade this with a $42 stop-loss, looking for a technical target of $60 -- almost 25% upside. Yield 5.47% (Analysts’ price target is $53.41)

DON'T BUY

Technically, this has rolled over and has a lot of work to do. The company has continued to have earnings beat, which is always a good thing. However, they are flat lining. Dividend yield of almost 7%.

COMMENT

This is in the business of making hard drives, and can be quite a volatile stock. The pricing for disk drives and some of the components they make can be very, very volatile. That can lead to volatility in earnings.

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Seagate Technology(STX-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for Seagate Technology is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Seagate Technology(STX-Q) Frequently Asked Questions

What is Seagate Technology stock symbol?

Seagate Technology is a American stock, trading under the symbol STX-Q on the NASDAQ (STX). It is usually referred to as NASDAQ:STX or STX-Q

Is Seagate Technology a buy or a sell?

In the last year, 4 stock analysts published opinions about STX-Q. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Seagate Technology.

Is Seagate Technology a good investment or a top pick?

Seagate Technology was recommended as a Top Pick by on . Read the latest stock experts ratings for Seagate Technology.

Why is Seagate Technology stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Seagate Technology worth watching?

4 stock analysts on Stockchase covered Seagate Technology In the last year. It is a trending stock that is worth watching.

What is Seagate Technology stock price?

On 2025-04-24, Seagate Technology (STX-Q) stock closed at a price of $83.04.

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