STX Stock Recent News

Seagate Technology Holdings plc (NASDAQ:STX ) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2025 1:45 PM ET Company Participants Gianluca Romano - CFO Conference Call Participants Erik Woodring - Morgan Stanley Erik Woodring All right. We're going to get started here at 10:45.

FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, today announced that management is scheduled to participate in the following investor events: Event: Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 4, 2025 Details: Presentation at 10:45 AM PT / 1:45 PM ET and hosting investor meetings Event: Loop Capital Markets 6th Annual Investor Conference on Tuesday, March 11, 2025 Details: Hosting.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Intevac, Inc. (NasdaqGS: IVAC) to Seagate Technology Holdings plc (NasdaqGS: STX). Under the terms of the proposed transaction, shareholders of Intevac will receive $4.00 in cash for each share of Intevac that they own. KSF is seeking to determine whether this consideration and the process that led to it are a.

STX will buy Intevac for $4.00 per share in an all-cash transaction. The buyout is expected to close by late March or early April 2025.

Seagate Technology Holdings plc STX is trading comparatively cheap from a valuation standpoint. STX is currently trading at a forward 12-month price-to-sales ratio of 2.05X, a discount compared with the Zacks Computer & Technology sector's 6.53X and the Zacks Computer – Integrated Systems industry's 3.27X.

Seagate, the data storage company, has announced its intent to acquire Intevac, a hard drive equipment producer, in an all-cash deal worth $119 million.

Seagate's HDD drives are essential for AI models, offering low-cost, high-capacity storage solutions, making it a strong investment opportunity. Seagate's Q2 revenue surged 50% y/y, driven by robust enterprise demand and GenAI applications, with continued growth expected in Q3. Seagate's operating margins and cash flow have significantly improved, reducing debt and enhancing profitability, underscoring its financial health.

Among sell-side analysts on Wall Street, Morgan Stanley is one of the most well-known. The company's large investment banking business, which generated $6.1 billion in revenue in fiscal 2024, contributes to the scope of its equity coverage.

Seagate (NASDAQ: STX) recently released its Q2 earnings, and its stock has surged 25% year-to-date (Jan. 24), reaching nearly $108 per share. STX beat both on top and bottom lines in its fiscal second quarter, which ended December 27.

Seagate Technology Holdings plc reported strong Q2 '25 earnings with 50% YoY revenue growth and significant margin expansion, driven by high demand from cloud service providers. Despite a $200mm revenue headwind in Q3 '25 from production issues, Seagate's operational improvements and increased inventory levels support future growth. Seagate should realize a strong free cash flow tailwind through operations and working down inventories in e2h25.