Seagate Technology Holdings PLC (NASDAQ:STX) 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.
Overview:
- Market Cap: 18.04B
- PE Ratio: 10.39
- EPS: 7.93
- Dividend Yield: 3.40%
Seagate is a leader in the market for memory and storage devices, such as hard drives, solid state drives and cloud storage. This technology is essential to make products such as laptops and smartphones work efficiently. Valuations on memory stocks have been generally depressed in recent years, as analysts didn’t see much growth ahead. However, the industry surprised to the upside over the past two years as tech spending picked up, and that showed how storage is still a cash cow industry. Over the past few months, Seagate stock has slid off its highs. This puts the stock back in the bargain range, as it sells for about 8 times forward earnings and offers a 3.4% dividend yield. Therefore, Seagate is a good long-term stock investment.