Seagate Technology Holdings plc (STX) experienced a range of favourable investment activity over the last week, with various firms and investors increasing their stake in the company. For instance,
JLB & Associates Inc., Allianz Asset Management GmbH, Empowered Funds LLC, and others purchased significant shares. The stock has been highlighted as a top pick among cheap, undervalued, and affordable technology stocks. Seagate's recent announcement of a new credit deal has further strengthened its financial position. There's also promising implications from its Q2 2025 earnings call, which showcased strong revenue growth due to an increase in cloud demand. However, there's caution as the impressive earnings might not fully reflect the company's whole story. It's interesting to note that CEO William Mosley sold 20,000 shares, indicating insider action in the company. Despite some criticism from analysts, Seagate continues to be optimistic, and has received a consensus recommendation of 'Moderate Buy' from brokerages. They've recently confirmed an agreement to acquire Intevac, indicating active expansion efforts.
Seagate Technology Holdings Plcs STX News Analytics from Thu, 11 Nov 2021 08:00:00 GMT to Sat, 22 Feb 2025 21:27:59 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 3
