Several major asset management firms have made adjustments to their holdings in Seagate Technology Holdings Plc (NASDAQ:STX). US Bancorp DE, Csenge Advisory Group and Mitsubishi UFJ Asset Management have increased their holdings, whereas Mizuho Markets Americas and Oppenheimer Asset Management have sold their shares. Goldman Sachs has recognised Seagate as the best hardware stock to buy. Seagate's shares have been given a consensus recommendation of 'Hold' by brokerages. Seagate is set to report its Q4 earnings and fiscal year 2024 results on July 23, 2024. Following mixed results in fiscal Q2 2024, STX beat EPS by 79%, leading to a revision in analysts' predictions.
STX also reported successful Q3 Earnings, despite missing revenue projections. Seagate’s HDD breakout has been considered a game changer against Western Digital. Yet concerns remain as Seagate's revenue falls for the seventh consecutive quarter. There are also issues of job cuts and possible sanctions violations being investigated. Nonetheless, Seagate still boasts of strong institutional backing, with 82% ownership.
Seagate Technology Holdings Plcs STX News Analytics from Sun, 23 Dec 2018 04:33:46 GMT to Sun, 21 Jul 2024 12:23:55 GMT - Rating 3 - Innovation -3 - Information 7 - Rumor -4
