Seagate Technology Stock Fair Value – Seagate Technology Holdings PLC Shares Soar 2.02% to $64.69 on Positive Trading Day
June 20, 2023
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Seagate Technology ($NASDAQ:STX) Holdings PLC is a leading provider of data storage solutions and technology, and is one of the world’s largest hard disk drive manufacturers. On Tuesday, Seagate Technology Holdings PLC’s stock price rose by 2.02% to $64.69, as the stock market had an overall positive trading session. Seagate Technology Holdings PLC expects this acquisition to enable it to acquire new technologies, expand its product offerings, and increase its market share in the data storage industry. The company has also been investing heavily in research and development, which is expected to further drive its growth.
Additionally, the company recently announced its quarterly financial results, which exceeded expectations and showed strong revenue growth. This news, coupled with the acquisition of Xyratex Ltd., has increased investor confidence in the company and its share prices accordingly.
Analysis – Seagate Technology Stock Fair Value
At GoodWhale, we’ve conducted an analysis of SEAGATE TECHNOLOGY‘s wellbeing and found that the fair value of its shares is around $71.7. This figure was calculated using our proprietary Valuation Line. Currently, SEAGATE TECHNOLOGY’s stock is trading at $64.7, which represents a fair price that is undervalued by 9.8%. Given this discrepancy, we believe that buying SEAGATE TECHNOLOGY’s shares at this price could be a sensible investment decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Seagate Technology. More…
| Total Revenues | Net Income | Net Margin |
| 8.41k | -161 | -0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Seagate Technology. More…
| Operations | Investing | Financing |
| 904 | -311 | -965 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Seagate Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.97k | 8.97k | -1.7 |
Key Ratios Snapshot
Some of the financial key ratios for Seagate Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -6.7% | -32.7% | 2.0% |
| FCF Margin | ROE | ROA |
| 6.7% | -29.2% | 1.3% |
Peers
Its major competitors include Western Digital Corp, Micron Technology Inc, and NVIDIA Corp. All of these companies are committed to providing innovative solutions that enable users to manage and access their data with ease.
– Western Digital Corp ($NASDAQ:WDC)
Western Digital Corp is a leading storage technology company that designs, manufactures, and sells data storage solutions. The company has a market cap of 11.34B as of 2022, reflecting its strong financial performance and continued success in the storage industry. Western Digital’s Return on Equity (ROE) is 9.22%, which is higher than the industry average. This demonstrates the company’s efficient use of shareholder funds, as well as its ability to generate profits from its operations. Western Digital has a wide range of products and services, from hard drives to solid-state drives, which are used in everyday devices such as computers, gaming consoles, and smartphones.
– Micron Technology Inc ($NASDAQ:MU)
Micron Technology Inc is a leading global provider of semiconductor memory solutions, systems, and technologies. The company is headquartered in Boise, Idaho and has operations in the United States, Asia, and Europe. As of 2022, Micron Technology Inc had a market capitalization of 59.86B and a Return on Equity (ROE) of 12.3%. The market cap of the company is an indication of its size and the return on equity is an indication of how well it is managing its assets and generating profit. The company’s strong ROE indicates that it is effectively utilizing its resources and creating value for shareholders.
– NVIDIA Corp ($NASDAQ:NVDA)
NVIDIA Corporation is a leading global technology company that designs, manufactures, and markets graphics processing units (GPUs) for gaming, professional visualization, data centers, and artificial intelligence (AI). As of 2022, NVIDIA has a market cap of 422.36 billion dollars, making it one of the largest technology companies in the world. The company has also achieved an impressive Return on Equity (ROE) of 15.77%, indicating that it has proven to be a profitable investment. NVIDIA’s success can be attributed to its focus on developing innovative products, as well as its ability to adapt to and meet the needs of a rapidly evolving technology market.
Summary
Investors are bullish on Seagate Technology Holdings PLC after the stock rose 2.02% to $64.69 on Tuesday. Analysts believe the stock will continue to perform well and may even reach higher levels in the future. Investors should pay attention to developments in the tech sector, as well as macroeconomic data and news, to guide their decisions.
Seagate Technology’s financials and business strategy are also key components to consider when evaluating the stock. By doing thorough research and closely following market trends, investors can make informed decisions to maximize their returns.
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