Head to Head Review: Seagate Technology PLC (STX) & Its Competitors
Seagate Technology PLC (NASDAQ: STX) is one of 31 public companies in the “Computer Hardware” industry, but how does it weigh in compared to its rivals? We will compare Seagate Technology PLC to similar businesses based on the strength of its risk, dividends, institutional ownership, analyst recommendations, earnings, valuation and profitability.
Volatility & Risk
Seagate Technology PLC has a beta of 1.72, indicating that its share price is 72% more volatile than the S&P 500. Comparatively, Seagate Technology PLC’s rivals have a beta of 1.29, indicating that their average share price is 29% more volatile than the S&P 500.
This table compares Seagate Technology PLC and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Seagate Technology PLC||7.17%||81.87%||13.66%|
|Seagate Technology PLC Competitors||4.03%||10.45%||6.20%|
This is a summary of current ratings and price targets for Seagate Technology PLC and its rivals, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Seagate Technology PLC||3||20||6||1||2.17|
|Seagate Technology PLC Competitors||312||1526||3207||125||2.61|
Seagate Technology PLC currently has a consensus price target of $40.81, indicating a potential upside of 19.34%. As a group, “Computer Hardware” companies have a potential downside of 4.11%. Given Seagate Technology PLC’s higher probable upside, equities research analysts clearly believe Seagate Technology PLC is more favorable than its rivals.
Valuation and Earnings
This table compares Seagate Technology PLC and its rivals gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Seagate Technology PLC||$10.77 billion||$2.05 billion||13.26|
|Seagate Technology PLC Competitors||$21.04 billion||$4.38 billion||20.71|
Seagate Technology PLC’s rivals have higher revenue and earnings than Seagate Technology PLC. Seagate Technology PLC is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Institutional and Insider Ownership
90.0% of Seagate Technology PLC shares are held by institutional investors. Comparatively, 62.0% of shares of all “Computer Hardware” companies are held by institutional investors. 0.9% of Seagate Technology PLC shares are held by company insiders. Comparatively, 13.9% of shares of all “Computer Hardware” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Seagate Technology PLC pays an annual dividend of $2.52 per share and has a dividend yield of 7.4%. Seagate Technology PLC pays out 97.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Computer Hardware” companies pay a dividend yield of 2.6% and pay out 58.2% of their earnings in the form of a dividend.
Seagate Technology PLC beats its rivals on 8 of the 15 factors compared.
About Seagate Technology PLC
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. Its storage technology portfolio also includes storage subsystems and high performance computing solutions. Its products are designed for applications in enterprise servers and storage systems, client compute applications and client non-compute applications. It designs, fabricates and assembles various components found in its disk drives, including read/write heads and recording media. Its design and manufacturing operations are based on technology platforms that are used to produce various disk drive products that serve multiple data storage applications and markets.
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