Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI, and non-volatile memory express products; solid state hybrid drives; and storage subsystems. It also provides enterprise data solutions portfolio comprising storage subsystems and mass capacity optimized private cloud storage solutions for enterprises, cloud service providers, and scale-out storage servers and original equipment manufacturers (OEMs). In addition, the company offers external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 16TB. It sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.
IPO Year: 2002
Exchange: NASDAQ
Website: seagate.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/28/2025 | $125.00 → $135.00 | Buy | BofA Securities |
| 5/16/2025 | $100.00 | Underperform → Neutral | BNP Paribas Exane |
| 1/22/2025 | Hold → Buy | Summit Insights | |
| 1/22/2025 | $120.00 | Hold → Buy | The Benchmark Company |
| 1/21/2025 | $133.00 → $129.00 | Overweight | Morgan Stanley |
| 10/23/2024 | Buy → Hold | The Benchmark Company | |
| 7/24/2024 | $110.00 → $135.00 | Buy | TD Cowen |
| 6/5/2024 | $110.00 | Buy | BofA Securities |
| 5/14/2024 | $110.00 | Buy | Citigroup |
| 5/1/2024 | $100.00 | Neutral → Outperform | Wedbush |
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
4 - Seagate Technology Holdings plc (0001137789) (Issuer)
Seagate Technology Holdings plc ("Seagate") (NASDAQ:STX) today announced the commencement of offers to certain Eligible Holders (as defined below) to exchange (collectively, the "Exchange Offers" and each, an "Exchange Offer") any and all outstanding notes of the following eight series issued by Seagate HDD Cayman ("Seagate HDD") (the "Old Notes") for new notes to be issued by Seagate Data Storage Technology Ptd. Ltd ("SDST") (the "New Notes") as described in the table below, and related consent solicitations upon the terms and conditions set forth in the confidential Offering Memorandum and Consent Solicitation Statement dated May 28, 2025 (the "Offering Memorandum and Consent Solicitation
Sets new financial targets through FY2028, underpinned by the adoption of Seagate's first-to-market HAMR technology and continued focused execution Unveils differentiated product roadmap, with clear path from Mozaic 3+TB/disk to 10TB/disk Increases share repurchase authorization to $5 billion Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, today hosted its 2025 Investor and Analyst Event and outlined the Company's clear strategy to capture growth opportunities ahead, drive profitability and build long-term value for customers and shareholders. "Technology innovation and AI are fueling exponential data growth and driving demand for t
Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, today announced that management is scheduled to participate in the following investor events: Event: TD Cowen 53rd Annual Technology, Media & Telecom Conference on Wednesday, May 28, 2025 Details: Presentation at 8:25 AM PT / 11:25 AM ET and hosting investor meetings Event: Bank of America Securities 2025 Global Technology Conference on Tuesday, June 3, 2025 Details: Presentation at 10:00 AM PT / 1:00 PM ET and hosting investor meetings The live webcast can be accessed online at Seagate's Investor Relations website at investors.seagate.com. A replay of t
Seagate Data Storage Technology Pte. Ltd. (the "Company"), a subsidiary of Seagate Technology Holdings plc (NASDAQ:STX) ("Seagate"), today announced the pricing of the private offering of $400.0 million aggregate principal amount of senior notes due 2030 (the "Notes"). The Notes will be guaranteed by Seagate, Seagate Technology Unlimited Company and Seagate HDD Cayman. The Notes were priced at 100% of the aggregate principal amount and will bear interest at 5.875% per annum. The closing of the offering of the Notes is expected to occur on or about May 27, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering of the Notes, together with
Seagate Data Storage Technology Pte. Ltd. (the "Company"), a subsidiary of Seagate Technology Holdings plc (NASDAQ:STX) ("Seagate"), today announced that the Company intends to offer, subject to market and other conditions, $400.0 million in aggregate principal amount of senior notes due 2030 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and in offshore transactions under Regulation S under the Securities Act. The Notes are expected to be guaranteed by Seagate, Seagate Technology Unlimited Company and Seagate HDD Cayman. In connection with th
Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, will host an investor and analyst event on Thursday, May 22, 2025, in New York City. The event will feature presentations by members of Seagate's executive team starting at 9:00 a.m. Eastern time and concluding by approximately 12:00 p.m. Eastern time. Advanced registration for the in-person event is required and space is limited. Institutional investors and equity research analysts interested in attending may contact Investor Relations at [email protected] to request an invitation. A live video webcast will be accessible from Seagate's Investor Relations website at investors.seagate.com. Follow
Fiscal Q3 2025 Highlights Revenue of $2.16 billion GAAP diluted earnings per share (EPS) of $1.57; non-GAAP diluted EPS of $1.90 Cash flow from operations of $259 million and free cash flow of $216 million Declared cash dividend of $0.72 per share Seagate Technology Holdings plc (NASDAQ:STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal third quarter ended March 28, 2025. "Seagate delivered another solid quarter of profitable year-on-year growth and margin expansion, elevating our non-GAAP EPS to the top of our guidance range. Our performance underscores the structural enhancements we've made to ou
New Seagate Report urges data center ecosystem to shift from fragmented efforts to a unified sustainability approach Seagate Technology Holdings plc (NASDAQ:STX), a leader in mass-capacity data storage, today released the Decarbonizing Data1 report, its latest global report based on a commissioned survey, highlighting the growing sustainability challenges facing data centers as enterprises scale to meet the demands of AI. Goldman Sachs Research forecasts global power demand from data centers will increase by as much as 165% by 2030, compared with 2023. Seagate's new report reveals that energy usage is now a top concern for 53.5% of business leaders. The rising data volumes, slowing power
Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, will report fiscal third quarter 2025 financial results after the market closes on Tuesday, April 29, 2025. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed online at Seagate's Investor Relations website at investors.seagate.com. About Seagate Technology Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over four bil
Seagate Technology Holdings plc (NASDAQ:STX) ("Seagate"), a leading innovator of mass-capacity data storage, announced today that it has completed the acquisition of Intevac, Inc. (NASDAQ:IVAC) ("Intevac"), a supplier of thin-film processing systems. Completion of Tender Offer and Merger The previously announced cash tender offer for all of the outstanding shares of common stock of Intevac for $4.00 per share, payable in cash at closing, without interest and subject to reduction for any applicable withholding taxes, by Irvine Acquisition Holdings, Inc. ("Merger Sub"), an indirect wholly owned subsidiary of Seagate, expired one minute after 11:59 p.m., Eastern Time, on March 28, 2025. Comp
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8-K - Seagate Technology Holdings plc (0001137789) (Filer)
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8-K - Seagate Technology Holdings plc (0001137789) (Filer)
SCHEDULE 13G/A - Seagate Technology Holdings plc (0001137789) (Subject)
BofA Securities reiterated coverage of Seagate Tech with a rating of Buy and set a new price target of $135.00 from $125.00 previously
BNP Paribas Exane upgraded Seagate Tech from Underperform to Neutral and set a new price target of $100.00
Summit Insights upgraded Seagate Tech from Hold to Buy
The Benchmark Company upgraded Seagate Tech from Hold to Buy and set a new price target of $120.00
Morgan Stanley reiterated coverage of Seagate Tech with a rating of Overweight and set a new price target of $129.00 from $133.00 previously
The Benchmark Company downgraded Seagate Tech from Buy to Hold
TD Cowen reiterated coverage of Seagate Tech with a rating of Buy and set a new price target of $135.00 from $110.00 previously
BofA Securities reiterated coverage of Seagate Tech with a rating of Buy and set a new price target of $110.00
Citigroup initiated coverage of Seagate Tech with a rating of Buy and set a new price target of $110.00
Wedbush upgraded Seagate Tech from Neutral to Outperform and set a new price target of $100.00
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Jim Lee to head the company's legal team Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, announced today the appointment of Jim Lee as senior vice president, chief legal officer, and corporate secretary. Mr. Lee spent the past 5 years serving as senior vice president, general counsel, and corporate secretary at Maxar Technologies, a global leader in space technology and geospatial intelligence. During his tenure, he significantly strengthened the legal and compliance functions, established a successful litigation track-record, and played a pivotal role in multiple complex transactions. Prior to Maxar, Mr. Lee spent nearly 15 years at Aram
Seagate Technology Holdings plc (NASDAQ:STX), a world leader in data storage and infrastructure solutions, today announced that Robert (Bob) Bruggeworth has been appointed to the company's Board of Directors and to serve on the Audit and Finance Committee of the Board, effective November 9, 2022. "I am very pleased to welcome Bob to Seagate's Board of Directors," said Mike Cannon, Seagate's Board Chair. "Bob has extensive executive leadership experiences with over 20 years as CEO of two public companies, RF Micro Devices and currently Qorvo. Prior to these roles, Bob spent 16 years in various senior leadership positions at AMP, now part of TE Connectivity, residing in Asia and the U.S." S
Seagate Technology Holdings plc (NASDAQ:STX), a world leader in data storage and infrastructure solutions, today announced that Richard (Rick) Clemmer has been appointed to the company's Board of Directors, effective August 23, 2022. "Rick is a highly accomplished technology industry leader and so I am delighted to welcome him to Seagate's Board of Directors," said Mike Cannon, Seagate's Board Chair. "Rick's proven track record of driving growth and value creation across multiple global companies makes him a strong addition to Seagate's board." Mr. Clemmer brings extensive leadership and financial management experience in technology industries spanning semiconductor, storage, e-Commerce,
Seagate Technology Holdings plc (NASDAQ:STX), a world leader in data storage and infrastructure solutions, today announced that Yolanda Lee Conyers has been appointed to the company's Board of Directors and to serve on the Compensation committee of the Board, effective January 24, 2022. "I am very pleased to welcome Yolanda to Seagate's Board of Directors," said Mike Cannon, Seagate's Board Chair. "Yolanda is a highly regarded global human resource leader with expertise in organizational and leadership development, cultural integration and building diverse talent pipelines. Her extensive knowledge and broad technology industry expertise will be a strong addition to Seagate's board and supp
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology plc (NASDAQ: STX), a world leader in data storage and infrastructure solutions, today announced that Shankar Arumugavelu has been appointed to the company’s Board of Directors and to serve on the Audit and Finance Committee of the Board, effective March 19, 2021. "I am very pleased to welcome Shankar to Seagate's Board of Directors," said Mike Cannon, Seagate's Board Chair. "As a well-respected CIO for one of the largest communications technology companies in the world, Shankar will bring a wealth of knowledge on the evolution of the 5G Datasphere as it accelerates the power and potential of better utilizing massive amounts of da
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today announced that Pratik “Prat” Bhatt has been appointed to the company’s Board of Directors and to serve on the Audit and Finance Committee of the Board, effective December 24, 2020. “I am very pleased to welcome Prat to Seagate’s Board of Directors,” said Mike Cannon, Seagate’s Board Chair. “As a technology industry veteran with extensive global financial experience, his insights will be hugely valuable to Seagate and the Board.” Mr. Bhatt is an accomplished executive currently serving as Senior Vice President, Chief Accounting Officer and Corpora
Fiscal Q3 2025 Highlights Revenue of $2.16 billion GAAP diluted earnings per share (EPS) of $1.57; non-GAAP diluted EPS of $1.90 Cash flow from operations of $259 million and free cash flow of $216 million Declared cash dividend of $0.72 per share Seagate Technology Holdings plc (NASDAQ:STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal third quarter ended March 28, 2025. "Seagate delivered another solid quarter of profitable year-on-year growth and margin expansion, elevating our non-GAAP EPS to the top of our guidance range. Our performance underscores the structural enhancements we've made to ou
Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, will report fiscal third quarter 2025 financial results after the market closes on Tuesday, April 29, 2025. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed online at Seagate's Investor Relations website at investors.seagate.com. About Seagate Technology Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over four bil
Seagate Technology Holdings plc (NASDAQ:STX) ("Seagate"), a leading innovator of mass-capacity data storage, announced today that it has completed the acquisition of Intevac, Inc. (NASDAQ:IVAC) ("Intevac"), a supplier of thin-film processing systems. Completion of Tender Offer and Merger The previously announced cash tender offer for all of the outstanding shares of common stock of Intevac for $4.00 per share, payable in cash at closing, without interest and subject to reduction for any applicable withholding taxes, by Irvine Acquisition Holdings, Inc. ("Merger Sub"), an indirect wholly owned subsidiary of Seagate, expired one minute after 11:59 p.m., Eastern Time, on March 28, 2025. Comp
Intevac Stockholders to Receive $4.00 Per Share in Cash, Plus a Special Dividend of $0.052 Per Share and a Regular Dividend of $0.05 Per Share Acquisition Delivers Compelling and Certain Cash Value Seagate Technology Holdings plc (NASDAQ:STX) ("Seagate"), a leading innovator of mass-capacity data storage, and Intevac, Inc. (NASDAQ:IVAC) ("Intevac"), a supplier of thin-film processing systems, today announced that Seagate has entered into a definitive agreement to acquire Intevac in an all-cash transaction for $4.00 per share (the "Transaction"). In connection with the closing of the Transaction, Intevac will pay a one-time special dividend of $0.052 per share. The payment of the speci
Fiscal Q2 2025 Highlights Revenue increased to $2.33 billion GAAP diluted earnings per share (EPS) of $1.55; non-GAAP diluted EPS of $2.03 Cash flow from operations of $221 million and free cash flow of $150 million Declared cash dividend of $0.72 per share Seagate Technology Holdings plc (NASDAQ:STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal second quarter ended December 27, 2024. "Seagate ended calendar 2024 on a strong note as we grew revenue, gross margin and non-GAAP EPS successively in each quarter of the year. Our results demonstrate structural improvements in the business and ou
Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, will report fiscal second quarter 2025 financial results after the market closes on Tuesday, January 21, 2025. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed online at Seagate's Investor Relations website at investors.seagate.com. About Seagate Technology Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over fo
Fiscal Q1 2025 Highlights Revenue increased to $2.17 billion GAAP diluted earnings per share (EPS) of $1.41; non-GAAP diluted EPS of $1.58 Cash flow from operations of $95 million and free cash flow of $27 million Increased quarterly cash dividend by approximately 3% to $0.72 per share Seagate Technology Holdings plc (NASDAQ:STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal first quarter ended September 27, 2024. "Seagate is off to an outstanding start to the fiscal year, highlighted by gross margin expanding to the highest level in more than a decade," said Dave Mosley, Seagate's chief executive
Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, will report fiscal first quarter 2025 financial results after the market closes on Tuesday, October 22, 2024. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed online at Seagate's Investor Relations website at investors.seagate.com. About Seagate Technology Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped over four b
Fiscal Q4 2024 Highlights Revenue of $1.89 billion GAAP diluted earnings per share (EPS) of $2.39; non-GAAP diluted EPS of $1.05 Cash flow from operations of $434 million and free cash flow of $380 million Declared cash dividend of $0.70 per share Fiscal Year 2024 Highlights Revenue of $6.55 billion GAAP diluted EPS of $1.58; non-GAAP diluted EPS of $1.29 Cash flow from operations of $918 million and free cash flow of $664 million Returned $585 million to shareholders through dividends Seagate Technology Holdings plc (NASDAQ:STX) (the "Company" or "Seagate"), a leading innovator of mass-capacity data storage, today reported financial results for its fiscal four
Seagate Technology Holdings plc (NASDAQ:STX), a leading innovator of mass-capacity data storage, will report fourth quarter and fiscal year 2024 financial results after the market closes on Tuesday, July 23, 2024. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET. The live audio webcast can be accessed online at Seagate's Investor Relations website at investors.seagate.com. About Seagate Technology Seagate Technology is a leading innovator of mass-capacity data storage. We create breakthrough technology so you can confidently store your data and easily unlock its value. Founded over 45 years ago, Seagate has shipped o