Tag: Seagate

Seagate Technology’s stock surges toward a record after double upgrade at BofA

by Lucille Avery on February 21, 2021 in Technology Evolution

Shares of Seagate Technology PLC
STX,
+0.92%
jumped 2.1% toward a record high in midday trading Thursday, to buck the selloff in its technology peers and the broader stock market, after BofA Securities analyst Wamsi Mohan swung to bullish from bearish on the data storage company, citing the nearing of an “inflection” in revenue trajectory and industry profitability. Mohan raised his rating to buy from underperform, while lifting his stock price target to $90 from $54. He said he expects capacity additions to moderate, pricing to normalize and mass capacity hard-disk drives (HDD) to drive improvement in revenue, mix and

Why I Plan on Selling High-Yield Dividend Stock Seagate Technology

by Lucille Avery on January 31, 2021 in Techology Advancement

I thought Seagate Technology (NASDAQ:STX) would have fared better in the last year during the coronavirus pandemic. Don’t get me wrong, the stock price is up nearly 20% since I initially bought shares a couple of years ago, and the dividend (currently yielding 4.3%) was a nice bonus along the way. However, while its sales have been resilient in uncertain times, profit margins are under pressure and the most recent financial guidance left me wanting more.

Ultimately, Seagate’s stock isn’t exactly cheap anymore, and I think there are better opportunities elsewhere in the electronics hardware universe — in spite of

Seagate Technology Raises Its High-Yield Dividend and Increases Share Repurchase Authorization

by Lucille Avery on November 1, 2020 in Technology Development

Not all tech stocks have had a stroll in the park in 2020. Take Seagate Technology (NASDAQ:STX), for instance. While pockets of the industry are experiencing unprecedented growth due to the pandemic, this company’s legacy digital memory hardware is struggling to hang onto the positive traction it was building over the course of the last year. A dividend payout increase and new share repurchase authorization sweeten the deal for shareholders, but they should expect more turbulence ahead.

A busted ownership thesis?

I started eyeing Seagate early in 2019. A solid dividend payment still handily covered by long-term free cash

Hedge Funds Are Dumping Seagate Technology plc (STX)

by Lucille Avery on September 29, 2020 in Techology Advancement

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the 3100 level. Since the end of March, investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned more than 50% since its bottom. In this article you are going to find out whether hedge funds thought Seagate Technology

Seagate (STX) Adds New HDD and SDDs to IronWolf Portfolio

by Lucille Avery on September 3, 2020 in Techology Advancement

Seagate Technology STX recently extended its IronWolf and IronWolf Pro family-based on Network Attached Storage (NAS) architecture with 18TB storage capacity HDD (Hard Disk Drive). It also added an SSD each to IronWolf and IronWolf Pro portfolios with varying storage capacities.

Per Seagate, the 18TB IronWolf Pro storage HDD can support workloads of around 300TB capacity per year and has 250 MB/s Sustained Transfer Rate. It is optimized for NAS architecture with AgileArray firmware that is built using the CMR technology. The new IronWolf Pro HDD is priced at $608.99 and comes with a five-year warranty.

The new 18TB drive