Seagate Technology Public Ltd. Co.
Seagate Technology (STX) is a global manufacturer of data storage solutions, best known for hard disk drives (HDDs) and increasingly for solid-state drives (SSDs) and enterprise storage systems. With a market capitalisation around $45.7 billion, Seagate serves consumer, enterprise and cloud customers and benefits from rising data volumes worldwide. Key things investors should know: revenue can be cyclical and sensitive to end-market demand (PCs, datacentres) and component pricing; the company faces technological competition from NAND/flash and cloud-native storage models; and operational factors such as supply-chain dynamics and inventory cycles affect margins. Seagate has a history of returning cash to shareholders but business performance can swing with industry cycles. This summary aims to inform rather than advise — values can rise or fall, and nothing here is personal financial advice. Consider how Seagate fits your risk tolerance, time horizon and diversification needs before making decisions.
Why It's Moving
Seagate Hits 52-Week High on Surging AI Storage Momentum
Seagate Technology soared to a new 52-week high of $301.47 mid-week, fueled by robust AI-driven demand for its hard drives amid explosive data center growth. Investors shrugged off minor insider selling, focusing instead on the company's locked-in orders and tech edge propelling shares up over 15% in the past week.
- Stock hit fresh 52-week peak on Wednesday with strong volume, reflecting market enthusiasm for AI storage surge powering 246% YTD gains.
- Management highlighted faster-than-expected AI demand, with nearline HDD capacity committed through 2026 and long-term pacts through 2027.
- Boosted quarterly dividend to $0.74 per share signals confidence in sustained profitability from HAMR tech ramp-up.
Seagate Hits 52-Week High on Surging AI Storage Momentum
Seagate Technology soared to a new 52-week high of $301.47 mid-week, fueled by robust AI-driven demand for its hard drives amid explosive data center growth. Investors shrugged off minor insider selling, focusing instead on the company's locked-in orders and tech edge propelling shares up over 15% in the past week.
- Stock hit fresh 52-week peak on Wednesday with strong volume, reflecting market enthusiasm for AI storage surge powering 246% YTD gains.
- Management highlighted faster-than-expected AI demand, with nearline HDD capacity committed through 2026 and long-term pacts through 2027.
- Boosted quarterly dividend to $0.74 per share signals confidence in sustained profitability from HAMR tech ramp-up.
Stock Performance Snapshot
Analyst Rating
Analysts suggest buying Seagate's stock due to potential for value increase despite current price.
Financial Health
Seagate Technology shows strong profits and cash flow, indicating solid financial performance overall.
Dividend
Seagate's dividend yield of 1.09% indicates a lower return for dividend-seeking investors. If you invested $1000 you would be paid $10.90 a year in dividends (based on the last 12 months).
View more stocks by downloading the app for FREE
It only takes 60 seconds.
Why You’ll Want to Watch This Stock
Data demand tailwinds
Growing global data volumes support long-term storage needs, which can benefit Seagate, though revenue can remain cyclical and vary by end-market.
Enterprise & cloud focus
Sales to datacentre and cloud operators drive higher-capacity product demand, but competition with flash and cloud-native approaches presents challenges.
Technology transition
Seagate is adapting to SSD and system-level offerings; technological shifts and pricing pressure can affect margins and performance.
Compare Seagate with other stocks
Fortinet vs Seagate
Fortinet vs Seagate: a straightforward comparison
PayPal vs Seagate
PayPal Holdings, Inc. vs Seagate Technology Public Ltd. Co.
Autodesk vs Seagate
Autodesk vs Seagate
Why invest with Nemo?
Zero Commission
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Trusted & Regulated
Part of Exinity Group 2015, serving over a million customers globally.
6% Interest on Cash
Earn 6% AER on uninvested cash with daily interest payments.
Discover More Opportunities
Apple, Inc.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
Dell Technologies Inc
Designs, develops, manufactures, sells, and supports a wide range of computer products and services.
Hewlett Packard Enterprise Co.
Hewlett Packard Enterprise Co. is an IT company
