After helping to fuel the S&P 500 to record gains this year, the chip sector has taken a heavy step back, particularly over the past month as heavyweights Micron ( MU ) and Western Digital ( WDC ) signaledWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 20 ...

Seagate Technology Holdings plc (STX) stock has been on an upward trajectory amid broader market volatility. Despite solid year-to-date gains, STX’s valuation remains low, prompting investors to ponder if this represents a buying opportunity. Image Source: Zacks Investment ResearchSTX is currently trading at a forward 12 month price-to-sales ratio of 2.04X, a discount compared with the Zacks Computer & Technology sector’s 6.28X and the industry’s 3.12X.Image Source: Zacks Investment ResearchShares of STX ha ...

The digital domain has an insatiable appetite for data that is fueling a boom in the data storage industry. The International Data Corporation (IDC) projects a compound annual growth rate exceeding 10% for the overall data storage market through 2028, a trajectory primarily driven by the exponential growth of artificial intelligence (AI) and cloud computing. Within this rapidly expanding subsector of the technology sector, Seagate Technology NASDAQ: STX and Western Digital NASDAQ: WDC continue to face off a ...

Seagate Technology Holdings plc (NASDAQ:STX) Barclays 22nd Annual Global Technology Conference December 11, 2024 12:15 PM ET Company Participants Gianluca Romano - CFO Conference Call Participants Thomas O'Malley - Barclays Thomas O'Malley Can kick us off now on the clock, so we know. But welcome back, everyone. I'm Tom O'Malley, semi and semi-cap analyst here at Barclays. A pleasure to have Gianluca Romano here, CFO at Seagate. Thank you very much for joining us. Gianluca Romano Thank you for inviting us. ...

Seagate Technology Holdings plc (NASDAQ:STX) Barclays 22nd Annual Global Technology Conference December 11, 2024 12:15 PM ET Company Participants Gianluca Romano - CFO Conference Call Participants Thomas O'Malley - Barclays Thomas O'Malley Can kick us off now on the clock, so we know. But welcome back, everyone. I'm Tom O'Malley, semi and semi-cap analyst here at Barclays. A pleasure to have Gianluca Romano here, CFO at Seagate. Thank you very much for joining us. Gianluca Romano Thank you for inviting us. ...

Seagate Technology Holdings plc (NASDAQ:STX) Wells Fargo 8th Annual TMT Summit Conference December 4, 2024 2:00 PM ET Company Participants Gianluca Romano - CFO Conference Call Participants Aaron Rakers - Wells Fargo Aaron Rakers Why don't we go ahead and get started. We'll stay on schedule here. So I'm Aaron Rakers with Wells Fargo IT Hardware and Semiconductor analyst and pleased to have with us for a quick discussion Gianluca Romano, Executive Vice President and Chief Financial Officer of Seagate. So fir ...

Seagate Technology Holdings plc (NASDAQ:STX) UBS Global Technology and AI Conference December 3, 2024 3:35 PM ET Company Participants Dave Mosley - CEO Conference Call Participants Timothy Arcuri - UBS Securities LLC Timothy Arcuri Okay, we're going to start. I'm Tim Arcuri. I'm the Semiconductor Analyst here at UBS. Very happy to have Seagate with us, and we have Dave Mosley with us. Thanks, Dave. Dave is the CEO from Seagate. Dave Mosley Thanks Tim. We've got some just forward looking statements. Check ou ...

Seagate Technology Holdings plc (NASDAQ:STX) UBS Global Technology and AI Conference December 3, 2024 3:35 PM ET Company Participants Dave Mosley - CEO Conference Call Participants Timothy Arcuri - UBS Securities LLC Timothy Arcuri Okay, we're going to start. I'm Tim Arcuri. I'm the Semiconductor Analyst here at UBS. Very happy to have Seagate with us, and we have Dave Mosley with us. Thanks, Dave. Dave is the CEO from Seagate. Dave Mosley Thanks Tim. We've got some just forward looking statements. Check ou ...

A month has gone by since the last earnings report for Seagate (STX) . Shares have lost about 5.3% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Seagate due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Seagate's Q1 Earnings Beat EstimatesSeagate reported first- ...

Seagate Technology Holdings plc (STX) shares have been performing well on the trading front, with the stock gaining 33.7% in the past year compared with the sub-industry’s growth of 32.7%.The uptrend is driven by Seagate’s impressive top-line performance in the past few quarters. The company is witnessing an increasing demand for its mass capacity solutions. STX’s earnings beat estimates in all of the last four quarters, delivering an average surprise of 85.1%.One-Year Price PerformanceImage Source: Zacks I ...