Why Smart Investors Are Choosing This $16 AI Stock
If you've missed out on NVIDIA's recent 1,600% run...Don't worry because there's one AI stock that could be a lot more lucrative. It's currently trading for only $16. And most importantly... even OpenAI founder Sam Altman admits the future of AI "depends" on this company's work.
About Seagate Technology plc
Seagate Technology 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. Its products are used in enterprise servers and storage systems; and edge compute and non-compute applications. The company also provides enterprise data solutions portfolio comprising storage subsystems for enterprises, cloud service providers, and scale-out storage servers and original equipment manufacturers (OEMs). In addition, it offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 168TB. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology plc was founded in 1978 and is based in Dublin, Ireland.
General
| Name | Seagate Technology plc |
| Ticker | STX |
| Exchange | NASDAQ |
| Sector | Technology |
| Industry | Computer Hardware |
| Currency | USD |
| Country | USA |
| Fiscal Year End | July |
| Full Time Employees | 42,000 |
Highlights
| Analyst Target | 77.27 |
| Market Cap | 17,103,196,160 |
| PE Ratio | 62.46 |
| PEG Ratio | 6.75 |
| EBITDA | 1,702,000,000 |
Share Stats
| Shares Outstanding | 231,531,008 |
| Shares Float | 212,393,744 |
| Shares Short | 15,776,122 |
| Insider Holdings | 56% |
| Institution Holdings | 87.80% |
Highlights
| Analyst Target | 77.27 |
| Market Cap | 17,103,196,160 |
| PE Ratio | 62.46 |
| PEG Ratio | 6.75 |
| EBITDA | 1,702,000,000 |
Valuation
| Trailing PE | 19.30 |
| Forward PE | 13.97 |
| Price/Sales (Trailing 12 Mt.) | 1.96 |
| Price/Book (Most Recent Quarter) | 18.07 |
Dividend
Seagate Technology plc pays out a dividend of $2.62 per share, with a dividend yield of 2.75%.
STX's last dividend payment was made to shareholders on April 7, 2021.
They pay out 56.05% of their earnings out as a dividend.
Recent Dividends
| Jul 5, 2024 | $0.70 |
| Apr 4, 2024 | $0.70 |
| Jan 9, 2024 | $0.70 |
| Oct 10, 2023 | $0.70 |
| Jul 5, 2023 | $0.70 |
| Apr 6, 2023 | $0.70 |
| Jan 5, 2023 | $0.70 |
| Oct 5, 2022 | $0.70 |
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