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Opinions Ross Healy
Seagate TechnologySTXCOMMENTJan 26, 2016
Ross HealyUnknown
$13.17
Stock price when the opinion was issued
$1064.05
As of Jun 17, 2026. Market Open.
computer softwareprocessing
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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.
computer softwareprocessing
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Premium contentPAST 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%.
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Premium contentPAST 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.
computer softwareprocessing
Premium contentPAST TOP PICK
Hard drives for PCs. At $26-$26.50, this is right on very strong technical support. The upside potential (FMV) is 100% higher than where it is right now. However, earnings forecasts are in full retreat. Stock is cheap, but fundamentals are not supporting it. If it does not hold at the $26-$26.25 area, don’t continue to Hold, as it could drop to $18, and maybe as low as $15. It is kind of a value trap.