Seagate Tech Hldgs 株価情報 (NASDAQ: STX)

最新ニュース Seagate Tech Hldgs (NASDAQ:STX) 株価情報

Seagate Tech Hldgs

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

Seagate Technology

Seagate Technology Holdings PLC - Ordinary Shares (Ireland)

Seagate Technology Holdings PLC

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Wells Fargo analyst Aaron Rakers maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Equal-Weight and lowers the price target from $120 to $110.

News

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on Seagate Tech Hldgs, Lowers Price Target to $110

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Shares of companies within the broader tech sector are trading higher amid overall market strength after CPI data was in line with estimates and core CPI rose by less than expected.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Mizuho lowered the price target for Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) from $23 to $21. Mizuho analyst Vijay Rakesh maintained a Neutral rating. Intel shares closed at $19.88 on Wednesday. <a href="https://www.benzinga.com/quote/INTC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays slashed MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) price target from $400 to $330. Barclays analyst Raimo Lenschow maintained an Overweight rating. MongoDB shares closed at $248.68 on Wednesday. <a href="https://www.benzinga.com/quote/MDB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies raised the price target for XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) from $150 to $165. Jefferies analyst Stephanie Moore maintained a Buy rating. XPO shares closed at $137.18 on Wednesday. <a href="https://www.benzinga.com/quote/XPO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James increased the price target for J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) from $195 to $200. Raymond James analyst Patrick Tyler Brown maintained an Outperform rating. J.B. Hunt Transport shares closed at $177.83 on Wednesday. <a href="https://www.benzinga.com/quote/JBHT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities boosted Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) price target from $216 to $230. Truist Securities analyst William Stein maintained a Hold rating. Analog Devices shares settled at $220.44 on Wednesday. <a href="https://www.benzinga.com/quote/ADI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) price target from $115 to $128. Stifel analyst Chris O&#8217;Cull maintained a Hold rating. Shake Shack shares closed at $132.81 on Wednesday. <a href="https://www.benzinga.com/quote/SHAK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities raised Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) price target from $420 to $460. Truist Securities analyst Joseph Civello maintained a Buy rating. Lululemon shares closed at $392.92 on Wednesday.  <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs cut the price target for Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) from $112 to $99. Goldman Sachs analyst Toshiya Hari maintained a Neutral rating. Seagate shares settled at $88.69 on Wednesday. <a href="https://www.benzinga.com/quote/STX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan cut Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $1,010 to $1,000. JP Morgan analyst Doug Anmuth maintained an Overweight rating. Netflix shares closed at $875.00 on Wednesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc raised Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $215 to $225. Keybanc analyst Justin Patterson maintained an Overweight rating. Alphabet shares closed at $193.95 on Wednesday. <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Alphabet To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Friday

Mizuho analyst Vijay Rakesh maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Outperform and lowers the price target from $130 to $110.

Mizuho Maintains Outperform on Seagate Tech Hldgs, Lowers Price Target to $110

Goldman Sachs analyst Toshiya Hari maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Neutral and lowers the price target from $112 to $99.

Goldman Sachs Maintains Neutral on Seagate Tech Hldgs, Lowers Price Target to $99

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Opera Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRA#NASDAQ">OPRA</a>)</h3>
<ul>
<li>Dividend Yield: 4.14%</li>
<li>TD Cowen analyst Lance Vitanza maintained a Buy rating and raised the price target from $25 to $28 on Oct. 30. This analyst has an accuracy rate of 78%.</li>
<li>B. Riley Securities analyst Lee Krowl reiterated a Buy rating and increased the price target from $24 to $25 on Oct. 30. This analyst has an accuracy rate of 84%.</li>
<li>Recent News: On Dec. 12, Opera declared upcoming cash dividend of 40 cent per share under its recurring dividend program.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1"> latest OPRA news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="871" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083907/image-2-12.png" alt="" class="wp-image-721810" style="width:658px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083907/image-2-12.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083907/image-2-12-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083907/image-2-12-768x726.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>)</h3>
<ul>
<li>Dividend Yield: 3.23%</li>
<li>Cantor Fitzgerald analyst C J Muse reiterated a Neutral rating with a price target of $125 on Oct. 23. This analyst has an accuracy rate of 68%.</li>
<li>Wedbush analyst Matt Bryson reiterated an Outperform rating with a price target of $150 on Oct. 23. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: On Oct. 22, the company reported first-quarter revenue of $2.17 billion, beating the consensus of $2.119 billion.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1">latest STX new</a>s </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="853" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083923/image-32.png" alt="" class="wp-image-721811" style="width:651px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083923/image-32.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083923/image-32-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083923/image-32-768x722.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</h3>
<ul>
<li>Dividend Yield: 3.00%</li>
<li>Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating and increased the price target from $208 to $222 on Dec. 16. This analyst has an accuracy rate of 63%.</li>
<li>BMO Capital analyst Keith Bachman maintained a Market Perform rating and boosted the price target price target from $235 to $260 on Oct. 24. This analyst has an accuracy rate of 82%.</li>
<li>Recent News: GlobalFoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) and IBM recently announced a settlement resolving all ongoing lawsuits between the two companies, including claims related to breach of contract, trade secrets, and intellectual property.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to l<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1">atest IBM new</a>s </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083958/image-33.png" alt="" class="wp-image-721812" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083958/image-33.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083958/image-33-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/07083958/image-33-768x703.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
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Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</h3>
<ul>
<li>Dividend Yield: 3.16%</li>
<li>Citigroup analyst Atif Malik maintained a Sell rating and cut the price target from $83 to $72 on Nov. 13. This analyst has an accuracy rate of 83%.</li>
<li>Piper Sandler analyst Harsh Kumar maintained a Neutral rating and cut the price target from $95 to $85 on Nov. 13. This analyst has an accuracy rate of 83%.</li>
<li>Recent News: On Nov. 13, the company reported adjusted EPS of $1.55, which beat the analyst consensus estimate of $1.52. Quarterly sales of $1.025 million were in line with the analyst consensus estimate.</li>
<li>Benzinga Pro's real-time newsfeed alerted to l<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1">atest SWKS new</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="855" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081333/image-167.png" alt="" class="wp-image-699621" style="width:670px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081333/image-167.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081333/image-167-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081333/image-167-768x718.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
<h3 class="wp-block-heading">Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>)</h3>
<ul>
<li>Dividend Yield: 3.14%</li>
<li>Cantor Fitzgerald analyst C J Muse reiterated a Neutral rating with a price target of $125 on Oct. 23. This analyst has an accuracy rate of 72%.</li>
<li>Wedbush analyst Matt Bryson reiterated an Outperform rating with a price target of $150 on Oct. 23. This analyst has an accuracy rate of 82%.</li>
<li>Recent News: On Oct. 22, the company reported first-quarter revenue of $2.17 billion, beating the consensus of $2.119 billion.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1">latest STX news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="900" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081406/image-168.png" alt="" class="wp-image-699624" style="width:592px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081406/image-168.png 900w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081406/image-168-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081406/image-168-768x713.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></a></figure>
<h3 class="wp-block-heading">Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</h3>
<ul>
<li>Dividend Yield: 3.24%</li>
<li>B of A Securities analyst Vivek Arya downgraded the stock from Neutral to Underperform and cut the price target from $80 to $65 on Dec. 16. This analyst has an accuracy rate of 81%.</li>
<li>Stifel analyst Tore Svanberg maintained a Buy rating and lowered the price target from $90 to $87 on Dec. 3. This analyst has an accuracy rate of 81%.</li>
<li>Recent News: On Dec. 3, Microchip cut revenue guidance for the December 2024 quarter and announced manufacturing restructuring plans after a deep dive into the company&#8217;s operations..</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"> trend in MCHP stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="918" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081447/image-169.png" alt="" class="wp-image-699625" style="width:692px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081447/image-169.png 918w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081447/image-169-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/19081447/image-169-768x700.png 768w" sizes="(max-width: 918px) 100vw, 918px" /></a></figure>
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Watching Western Digital, Seagate Technology; Shares See Volume To The Downside, Western Digital Currently Presenting At The Barclays 22nd Annual Global Technology Conference

Renowned crypto analyst&nbsp;Michaël van de Poppe&nbsp;has predicted a significant rally for a top altcoin, alongside Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) potential historic surge. This forecast comes as the cryptocurrency market shows signs of a shift from Bitcoin dominance <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42237636/bitcoin-ethereum-dogecoin-simmer-down-on-thanksgiving-analyst-sees-significant-shift-from-btc-season-to-alt-season">to an altcoin season</a>.
What Happened: Van de Poppe anticipates a substantial breakout for&nbsp;Stacks (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/stx/usd">STX</a>), a top-50 altcoin. He suggests that STX,&nbsp;the native token of the&nbsp;Bitcoin layer-2 project, could rally by 70% as it nears a critical resistance level.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ecosystem fires up.<a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$STX</a> attacks the recent high, and is likely breaking through this resistance zone. Next stop? I think a new ATH. <a href="https://t.co/GxAySpTM3t">pic.twitter.com/GxAySpTM3t</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1862172102234935339?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
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Currently, STX is trading at $2.29, marking a 20% increase over the past week, with the potential to exceed its all-time high of $3.86 set in April.
Moreover, van de Poppe predicts that&nbsp;Bitcoin could reach a six-figure milestone if it breaks the $98,000 resistance on the four-hour chart. Bitcoin is currently trading at $96,995,&nbsp;up 1.3% in the last&nbsp;24 hours.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> should break $98K, and then we&#39;ll see $100K with 100% certainty as it breaks the trend. History to be made. <a href="https://t.co/7Vker9wHZg">pic.twitter.com/7Vker9wHZg</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1862479624774852763?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42214089/pepe-set-to-join-dogecoin-shiba-inu-as-multi-billion-dollar-meme-coin-by-2025-massive-breakout-coming-soon-trader-predicts?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Pepe Set to Join Dogecoin, Shiba Inu As Multi-Billion Dollar Meme Coin By 2025: &#8216;Massive Breakout&#8217; Coming Soon, Trader Predicts</a>
Additionally, van de Poppe is optimistic about&nbsp;VeChain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/vet/usd">VET</a>), highlighting its recent announcement of VeBetterDAO, an ecosystem rewarding sustainable actions.
Why It Matters: The cryptocurrency market is <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42237636/bitcoin-ethereum-dogecoin-simmer-down-on-thanksgiving-analyst-sees-significant-shift-from-btc-season-to-alt-season">undergoing a notable transition</a>. Bitcoin has been oscillating around the $95,000 zone, indicating a potential shift towards altcoins. This aligns with van de Poppe&#8217;s forecast of an altcoin season.
Furthermore,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42235119/ethereum-outperformed-bitcoin-this-week-as-key-indicators-shift-report">Ethereum&#8217;s recent outperformance</a>&nbsp;against Bitcoin, driven by key market indicators and the upcoming departure of SEC Chair&nbsp;Gary Gensler, has bolstered sentiment around altcoins. Gensler&#8217;s tenure was marked by stringent regulations on cryptocurrencies, and his resignation could signal a more favorable environment for altcoins.
Van de Poppe&#8217;s analysis also warns of potential&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">&#8220;flash crashes&#8221;</a>&nbsp;in Bitcoin, which could present strategic entry points for investors, further fueling the altcoin rally.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Surge As Traders Raise Risk Appetite Ahead Of Thanksgiving</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

Analyst Color

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$STX

$VET

Crypto Analyst Says This Altcoin Is Primed For A 70% Rally, Notes Bitcoin Could Cross $100K If This Happens

Seagate Tech Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STX#NYSE">STX</a>) short percent of float has risen 6.03% since its last report. The company recently reported that it has 11.61 million shares sold short, which is 7.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Seagate Tech Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731602722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Seagate Tech Hldgs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Seagate Tech Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Seagate Tech Hldgs's peer group average for short interest as a percentage of float is 6.64%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Seagate Tech Hldgs's Recent Short Interest

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">YXT.Com Group Holding Ltd &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YXT#NASDAQ">YXT</a>)</h3>
<ul>
<li>On Oct. 10, YXT.com Group expanded customer base to include over 200 Fortune 500 companies in China. The company's stock fell around 42% over the past month and has a <a href="https://www.benzinga.com/quote/YXT">52-week low of $2.10</a>.</li>
<li>RSI Value: 29.6347&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>YXT Price Action: Shares of YXT.Com fell 6.3% to close at $2.10 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1">latest YXT news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="932" height="715" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044743/image-226.png" alt="" class="wp-image-611467" style="width:678px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044743/image-226.png 932w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044743/image-226-300x230.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044743/image-226-768x589.png 768w" sizes="(max-width: 932px) 100vw, 932px" /></a></figure>
<h3 class="wp-block-heading">Verint Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Sept. 25, Needham analyst Joshua Reilly reiterated Verint with a Buy and maintained a $40 price target. The company's stock fell around 6% over the past five days and <a href="https://www.benzinga.com/quote/VRNT">has a 52-week low</a> of $18.41.</li>
<li>RSI Value: 21.29</li>
<li>VRNT Price Action: Shares of Verint fell 0.6% to close at $21.89 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1">trend in VRNT stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044408/image-224.png" alt="" class="wp-image-611463" style="width:657px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044408/image-224.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044408/image-224-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044408/image-224-768x711.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>)</h3>
<ul>
<li>On Oct. 22, the company reported first-quarter revenue of $2.17 billion, beating the consensus of $2.119 billion. Adjusted gross margin rose to 33.3% from 19.8% a year ago quarter. Adjusted operating margin escalated to 20.4% from 2.8% in the prior-year quarter. Adjusted EPS of $1.58 beat the consensus of $1.46. The company's shares fell around 8% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/STX">low of $64.12</a>.</li>
<li>RSI Value: 27.97</li>
<li>STX Price Action: Shares of Seagate fell 8.1% to close at $103.52 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1">breakout in STX shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044533/image-225.png" alt="" class="wp-image-611466" style="width:676px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044533/image-225.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044533/image-225-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24044533/image-225-768x723.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
Read More:
<ul>
<li> <a href="https://www.benzinga.com/news/24/10/41488681/wall-streets-most-accurate-analysts-give-their-take-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>

Long Ideas

VRNT

Top 3 Tech Stocks You'll Regret Missing In Q4

Wall Street is on track for its third consecutive day of losses as investors grow cautious about risky assets, awaiting more clarity on U.S. fiscal and monetary policies and scrutinizing the latest <a href="https://www.benzinga.com/earnings">batch of corporate earnings.</a>
Both equities and commodities took a hit on Wednesday, while the U.S. dollar gained strength, attracting investor flows as traders moved to safer cash positions.
The U.S. dollar index, as tracked by the the&nbsp;Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rose 0.5%, reaching levels last seen in late July. 
At midday in New York, the S&amp;P 500 was down 0.7%, attempting to hold support around the 5,800-point level. The Dow Jones also dropped 0.7%, and tech stocks, along with small caps, fared worse, sliding by 0.9%.
On the data front, mortgage applications declined for the fourth straight week, reflecting continued pressure <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41488744/mortgage-applications-fall-for-fourth-straight-week-as-high-rates-squeeze-homebuy">from elevated borrowing costs.</a>
Existing home sales fell by 1% in September to a seasonally adjusted annualized rate of 3.84 million, the lowest level since October 2010. This follows an upwardly revised 3.88 million in August and missed forecasts of 3.9 million.
Despite weak housing data, real estate stocks showed surprising resilience. The Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) and the SPDR Homebuilders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XHB#NYSE">XHB</a>) moved higher after two straight sessions of losses.
Gold prices, as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), fell more than 1%, pulling mining stocks down with it. Silver plummeted over 3%, retreating from 12-year highs reached on Tuesday.
Oil prices slipped by 1%, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) tumbled 2%. 
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,815.02</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,625.59</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,213.10</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,196.24</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated 12:00 p.m. ET </figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.6% to $579.72.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.7% lower to $426.41.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1% to $491.16.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% $219.80.</li>
<li>The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, up 0.6%. The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down 1%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) fell 2.4% after reporting a worse-than-expected losses<a href="https://www.benzinga.com/news/earnings/24/10/41486950/boeing-q3-earnings-revenue-and-profit-decline-cultural-challenges-ceo-ortberg-vows-transformation"> last quarter</a>.</li>
</ul>
Other stocks reacting to earnings included:
<ul>
<li>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), up 3.5%.</li>
<li>Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), up 3.9%.</li>
<li>Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), down over 7%.</li>
<li>Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>), up over 6%.</li>
<li>Manhattan Associates Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>), down over 7%.</li>
<li>East West Bancorp. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>), up over 7%.</li>
<li>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), down over 13%.</li>
<li>Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), down 2.2%. </li>
<li>Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>), down 2.9%.</li>
<li>NextEra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), down 0.1%. </li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), up 3.8%. </li>
<li>Boston Scientific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>), down 3.7%. </li>
<li>CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>), down 0.9%. </li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), down 1.6%. </li>
<li>Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), down 2.6%. </li>
<li>Vertiv Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), down 2.8%. </li>
<li>Old Dominion Freight Line Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), down 4.8%. </li>
</ul>
Large-cap companies reporting earnings after the close include Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), United Rentals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>). 
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/bonds/24/10/41455678/gold-on-track-for-best-year-since-1979-veteran-investor-says-sell-bonds-buy-gold">Gold On Track For Best Year Since 1979: Veteran Investor Says &#8216;Sell Bonds, Buy Gold&#8217;</a></li>
</ul>

Equities

Large Cap

Macro Economic Events

Mid Cap

Sector ETFs

Broad U.S. Equity ETFs

Econ #s

Economics

Tech

ETFs

SPDR Dow Jones Industrial Average ETF Trust

ENPH

EWBC

LRCX

MANH

ODFL

TMUS

TSLA

PowerShares DB US Dollar Index Bullish Fund

XLRE

Select Sector SPDR-Consumer Discretionary

Wall Street Slumps For Third Straight Day As Investor Sentiment Fades, Dollar Strength Resumes, Boeing Disappoints: What's Driving Markets Wednesday?

Benchmark analyst Mark Miller reiterates Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Seagate Tech Hldgs

Cantor Fitzgerald analyst C J Muse reiterates Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Neutral and maintains $125 price target.

Cantor Fitzgerald Reiterates Neutral on Seagate Tech Hldgs, Maintains $125 Price Target

Investors with a lot of money to spend have taken a bullish stance on Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with STX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Seagate Tech Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $512,124, and 5 are calls, for a total amount of $142,340.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $118.0 for Seagate Tech Hldgs over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Seagate Tech Hldgs options trades today is 423.86 with a total volume of 4,799.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Seagate Tech Hldgs's big money trades within a strike price range of $85.0 to $118.0 over the last 30 days.
<h3>Seagate Tech Hldgs 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729699235_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.2</td>
<td>$108.00</td>
<td>$176.0K</td>
<td>942</td>
<td style="text-align: right;">971</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$4.5</td>
<td>$4.1</td>
<td>$4.0</td>
<td>$108.00</td>
<td>$110.0K</td>
<td>942</td>
<td style="text-align: right;">405</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$15.0</td>
<td>$14.6</td>
<td>$15.0</td>
<td>$118.00</td>
<td>$90.0K</td>
<td>68</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.6</td>
<td>$7.5</td>
<td>$7.6</td>
<td>$110.00</td>
<td>$47.1K</td>
<td>327</td>
<td style="text-align: right;">96</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.7</td>
<td>$1.65</td>
<td>$1.65</td>
<td>$100.00</td>
<td>$32.8K</td>
<td>1.0K</td>
<td style="text-align: right;">575</td>
</tr>
</tbody>
</table>

<h3>About Seagate Tech Hldgs</h3>
Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
Having examined the options trading patterns of Seagate Tech Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Seagate Tech Hldgs</h3>
<ul>
<li>With a volume of 4,434,041, the price of STX is down -6.98% at $104.78. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
<h3>Expert Opinions on Seagate Tech Hldgs</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $139.8.
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&#x2A; Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Seagate Tech Hldgs, targeting a price of $140. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Seagate Tech Hldgs, maintaining a target price of $130. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Seagate Tech Hldgs, which currently sits at a price target of $135. 
&#x2A; Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $150. 
&#x2A; Consistent in their evaluation, an analyst from Northland Capital Markets keeps a Outperform rating on Seagate Tech Hldgs with a target price of $144. 
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Options

Spotlight on Seagate Tech Hldgs: Analyzing the Surge in Options Activity

Wedbush analyst Matt Bryson reiterates Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Outperform and maintains $150 price target.

Wedbush Reiterates Outperform on Seagate Tech Hldgs, Maintains $150 Price Target

Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>)&nbsp;shares are trading lower on Wednesday. The company reported first-quarter revenue of $2.17 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41465848/seagate-technology-reports-fiscal-first-quarter-2025-financial-results" rel="noreferrer noopener">beating the consensus of $2.119 billion</a>.
Adjusted gross margin rose to 33.3% from 19.8% a year ago quarter. Adjusted operating margin escalated to 20.4% from 2.8% in the prior-year quarter. Adjusted EPS of $1.58 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus of&nbsp;$1.46</a>.
In the first quarter, the company generated an operating cash flow of $95 million and a free cash flow of $27 million.
The company returned $147 million to shareholders via its quarterly dividend. As of September 27, cash and cash equivalents totaled $1.2 billion.
Dividend: The Board of Directors declared a cash dividend of $0.72 per share, payable on January 6, 2025, to shareholders of record as of December 15, 2024.
Outlook: Seagate Technology expects second-quarter adjusted EPS of $1.85 (± $0.20), against the consensus of $1.70, and revenue of $2.30B (± $150 million), versus the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$2.29 billion estimate</a>.
Dave Mosley, Seagate&#8217;s chief executive officer said, &#8220;We executed on our plans to aggressively ramp our 28-terabyte nearline drives and broaden the number of cloud customers entering qualification on HAMR-based Mozaic products.&#8221;
Investors can gain exposure to the stock via StockSnips AI-Powered Sentiment US All Cap ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWZ#NASDAQ">NEWZ</a>) and Affinity World Leaders Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WLDR#BATS">WLDR</a>).
Price Action: STX shares are down 6.66% at $105.14 at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41462140/stocks-fall-gm-eyes-best-day-in-a-year-gold-breaks-records-silver-hits-12-year-highs-whats-driving-" target="_blank" rel="noreferrer noopener">Stocks Fall, GM Eyes Best Day In A Year, Gold Breaks Records, Silver Hits 12-Year Highs: What&#8217;s Driving Markets Tuesday?</a></li>
</ul>

Earnings

Guidance

Movers

NEWZ

WLDR

Seagate Technology Falls Despite Q1 Earnings Beat And Rising Margins

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Craig-Hallum raised Vicor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) price target from $35 to $43. Craig-Hallum analyst Richard Shannon maintained a Hold rating. Vicor shares closed at $43.44 on Tuesday. <a href="https://www.benzinga.com/quote/VICR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut the price target for Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) from $1,220 to $1,080. Barclays analyst Carter Gould maintained an Overweight rating. Regeneron Pharmaceuticals shares closed at $962.34 on Tuesday. <a href="https://www.benzinga.com/quote/REGN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna raised the price target for Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) from $280 to $285. Susquehanna analyst Bascome Majors maintained a Neutral rating. Norfolk Southern shares closed at $260.43 on Tuesday. <a href="https://www.benzinga.com/quote/BSC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities raised Zions Bancorporation, National Association (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) price target from $52 to $57. Truist Securities analyst Jennifer Demba maintained a Hold rating. Zions Bancorporation shares settled at $52.51 on Tuesday. <a href="https://www.benzinga.com/quote/ZION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc boosted Patrick Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) price target from $135 to $150. Keybanc analyst Brett Andress maintained an Overweight rating. Patrick Industries shares closed at $136.71 on Tuesday. <a href="https://www.benzinga.com/quote/PATK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised Wintrust Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) price target from $131 to $136. Piper Sandler analyst Nathan Race maintained an Overweight rating. Wintrust Financial shares closed at $114.76 on Tuesday. <a href="https://www.benzinga.com/quote/WTFC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer raised the price target for Moody&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) from $536 to $543. Oppenheimer analyst Owen Lau maintained an Outperform rating. Moody&#8217;s shares settled at $467.73 on Tuesday. <a href="https://www.benzinga.com/quote/MCO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut PACCAR Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) price target from $135 to $126. Morgan Stanley analyst Angel Castillo maintained an Overweight rating. PACCAR shares closed at $104.79 on Tuesday. <a href="https://www.benzinga.com/quote/PCAR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut the price target for McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) from $320 to $290. Baird analyst David Tarantino downgraded the stock from Outperform to Neutral. McDonald&#8217;s shares closed at $314.69 on Tuesday. <a href="https://www.benzinga.com/quote/MCD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt boosted Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) price target from $125 to $140. Rosenblatt analyst Kevin Cassidy maintained a Buy rating. Seagate shares closed at $112.64 on Tuesday. <a href="https://www.benzinga.com/quote/STX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41479244/dow-edges-lower-as-investors-watch-earnings-reports-with-caution-fear-index-remains-in-greed-zone">Dow Edges Lower As Investors Watch Earnings Reports With Caution: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

PATK

PCAR

REGN

VICR

WTFC

ZION

Seagate To Rally More Than 24%? Here Are 10 Top Analyst Forecasts For Wednesday

Northland Capital Markets analyst Gus Richard maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Outperform and raises the price target from $142 to $144.

Northland Capital Markets Maintains Outperform on Seagate Tech Hldgs, Raises Price Target to $144

Citigroup analyst Asiya Merchant maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and raises the price target from $125 to $130.

Citigroup Maintains Buy on Seagate Tech Hldgs, Raises Price Target to $130

Bank of America Securities analyst Wamsi Mohan maintained a Buy rating on Seagate Tech (STX – Research Report) today and set a price target of $124...

Bank of America Securities Sticks to Their Buy Rating for Seagate Tech (STX)

In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Seagate Tech (STX – Research Report), with a price tar...

Northland Securities Sticks to Its Buy Rating for Seagate Tech (STX)

BofA lowered the firm's price target on Seagate (STX) to $124 from $130 and keeps a Buy rating on the shares. The firm is expecting December-end qu...

Seagate price target lowered to $124 from $130 at BofA

Wells Fargo analyst Aaron Rakers maintained a Hold rating on Seagate Tech (STX – Research Report) today and set a price target of $110.00. The comp...

Wells Fargo Sticks to Its Hold Rating for Seagate Tech (STX)

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Seagate Tech (STX – Research Report) today and set a price target of $107.00. The...

Mizuho Securities Sticks to Its Buy Rating for Seagate Tech (STX)

Western Digital says Q2 revenue to be at mid-point of range; earnings at low-end

Seagate Tech (STX) Gets a Hold from Barclays

Catalyst Watch: Netflix earnings, Monster Beverage event, drug data, and quantum volatility

The tech hardware market is booming in 2025, driven by smart city initiatives, IoT demand, and innovation in robotics, cloud, and edge computing, offering lucrative investment opportunities. Given these innovation trends, tech hardware stocks like NetApp (NTAP), Seagate Technology (STX), and Silicon Motion Technology (SIMO) could be smart choices this year. Read on... In today's technology-driven world, the rise of smart city initiatives and IoT-enabled infrastructure has significantly increased the demand for advanced hardware. This trend has fueled growth in hardware segments like SSDs, NAS, servers, and the chip industry.
As the sector continues to innovate, investors might consider fundamentally strong tech hardware stocks such as NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>), Seagate Technology Holdings plc (<a href="https://stocknews.com/stock/STX/">STX</a>), and Silicon Motion Technology Corporation (<a href="https://stocknews.com/stock/SIMO/">SIMO</a>), which offer promising prospects.
Ever-evolving hardware innovations are driving a surge in digital capabilities while advancing sustainable manufacturing practices, resonating with eco-conscious consumers. Meanwhile, increasing investments in hardware research and development make this sector both dynamic and lucrative. Hence, Gartner forecasts worldwide device spending to rise by <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025">9.5% in 2025</a>, reaching $805.72 billion.
Simultaneously, the rising demand for advanced hardware to support robotics, cloud, and edge computing continues to fuel growth in the tech hardware sector. As a result, the global IT hardware market is projected to reach <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market#:~:text=IT%20Hardware%20Market%20Research%20FAQs&amp;text=The%20Global%20IT%20Hardware%20Market,USD%20206.05%20billion%20by%202030.">$141.15 billion this year</a>, growing at a CAGR of 7.9%. Similarly, the global semiconductor market is expected to expand by <a href="https://www.idc.com/getdoc.jsp?containerId=prAP52837624">15% in 2025</a>, further solidifying the tech hardware sector's growth trajectory.
Considering these conducive trends, let's assess the fundamentals of the abovementioned tech hardware stocks.
NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>)
NTAP provides cloud-led and data-centric services to manage and share data on-premises and private and public clouds worldwide. It operates in two segments: Hybrid Cloud and Public Cloud. The company offers intelligent data management software and storage infrastructure solutions.
On December 1, 2024, NTAP announced the integration of its on-premises enterprise storage arrays with AWS Outposts, simplifying hybrid cloud deployments by enabling external block data volumes management via the AWS Management Console. The solution enhances resiliency, compliance, and infrastructure optimization for customers running enterprise applications and databases on Outposts.
On November 11, 2024, NTAP announced an expanded collaboration with Red Hat to enhance enterprise application development and management in virtual environments. This partnership integrates NTAP's intelligent data infrastructure with Red Hat OpenShift, offering customers improved flexibility and performance for managing virtualized environments and Kubernetes containerized workloads.
In terms of the trailing-12-month Return on Total Capital, NTAP's 26.75% is 753% higher than the 3.14% industry average. Similarly, its 12.78% trailing-12-month Return on Total Assets is 546.3% higher than the industry average of 1.98%. Its 0.72x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 14.8% higher than the industry average of 0.62x.
For the fiscal second quarter, which ended October 25, 2024, NTAP's net revenue increased 6.1% year-over-year to $1.66 billion. Its non-GAAP gross profit rose 6% from the year-ago value to $1.18 billion.
NTAP's non-GAAP income from operations grew 13.4% year-over-year to $475 million. In addition, the company's non-GAAP net income came in at $493 million or $1.87 per share, increases of 16% and 18.4% year-over-year, respectively.
Street expects NTAP's revenue for the quarter ending January 31, 2025, to increase 5.3% year-over-year to $1.63 billion. Its EPS for the quarter ending April 30, 2025, is expected to rise 10.4% year-over-year to $1.99. It surpassed the EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 39.6% to close the last trading session at $119.98.
NTAP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of B, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #19 out of 41 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry. It has an A grade for Quality and a B for Momentum. <a href="https://stocknews.com/stock/NTAP/">Click here</a> to see NTAP's Growth, Value, Stability, and Sentiment ratings.
Seagate Technology Holdings plc (<a href="https://stocknews.com/stock/STX/">STX</a>)
Based in Singapore, STX is engaged in providing data storage technology and infrastructure solutions globally. The company offers mass capacity storage products, including enterprise nearline HDDs, enterprise nearline SSDs, enterprise nearline systems, video and image HDDs, and network-attached storage drives.
In terms of the trailing-12-month asset turnover ratio, STX's 0.96x is 53.6% higher than the 0.62x industry average. Likewise, the stock's 14.37% trailing-12-month Return on Total Capital is 358.3% higher than the 3.14% industry average. Also, its 10.34% trailing-12-month Return on Total Assets is 422.6% higher than the industry average of 1.98%.
STX's revenues for the fiscal first quarter ending September 27, 2024, increased 49.1% from the previous year, reaching $2.17 billion. Similarly, its non-GAAP operating income was $403 million, compared to a non-GAAP operating loss of $129 million.
For the same quarter, its non-GAAP net income and non-GAAP EPS stood at $337 million and $1.58, respectively, compared to a non-GAAP net loss and loss per share of $46 million and $0.22.
For the quarter ended December 30, 2024, STX's revenue is expected to increase 49.1% year-over-year to $2.32 billion. Its EPS for the same quarter is expected to grow considerably year-over-year to $1.88. STX surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past nine months, the stock has gained 15.6% to close the last trading session at $96.22.
STX's strong fundamentals are reflected in its POWR Ratings. It has an A grade for Growth and a B for Momentum and Quality. Within the Technology – Hardware industry, it is ranked #22. To access the additional POWR Ratings of STX for Value, Stability, and Sentiment, <a href="https://stocknews.com/stock/STX/">click here</a>.
Silicon Motion Technology Corporation (<a href="https://stocknews.com/stock/SIMO/">SIMO</a>)
Based in Hong Kong, SIMO and its subsidiaries design, develop, and market NAND flash controllers for solid-state storage devices internationally. The company offers controllers for computing-grade SSDs, enterprise-grade SSDs, eMMC and UFS mobile embedded storage, flash memory cards and flash drives, and specialized SSDs.
On November 8, 2024, SIMO announced its collaboration with TOP-electronics to expand its market presence across the EMEA region. The partnership focuses on delivering Ferri embedded storage and display interface solutions for AI, AIoT, embedded, and automotive applications.
In terms of the trailing-12-month net income margin, SIMO's 10.90% is 186.5% higher than the 3.80% industry average. Its 10.97% trailing-12-month EBIT margin is 105.1% higher than the industry average of 5.35%. Moreover, its 0.81x trailing-12-month asset turnover ratio is 29.6% higher than the industry average of 0.62x.
In the fiscal third quarter that ended September 30, 2024, SIMO's net sales stood at $212.41 million, up 23.3% year-over-year, and non-GAAP gross profit rose 35.5% year-over-year to $99.33 million. For the same quarter, its non-GAAP net income and earnings per ADS increased 47.3% and 46% over the prior-year quarter to $31.02 million and $0.92, respectively.
Analysts expect SIMO's EPS for the quarter ending March 31, 2025, to increase 7% year-over-year to $0.69. Its revenue for fiscal 2024 is expected to increase 25.7% year-over-year to $803.40 million. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past three months, the stock has gained 8.2% to close the last trading session at $51.71.
SIMO's positive outlook is reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It is ranked #6 out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. It has an A grade for Value. To see SIMO's Growth, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/SIMO/">click here</a>.
What To Do Next?
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&nbsp;

<hr />
NTAP shares were unchanged in after-hours trading Friday. Year-to-date, NTAP has gained 5.65%, versus a 1.96% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ntap-stx-simo-3-tech-hardware-stocks-quietly-innovating/>3 Tech Hardware Stocks Quietly Innovating</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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