La chaîne d'options affiche les données clés des options sur actions de Seagate Tech Hldgs à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour Seagate Tech Hldgs..

Seagate Tech Hldgs (NASDAQ:STX) Stock, Chaîne d'Options

Seagate Tech Hldgs

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

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<p>Deep-pocketed investors have adopted a bullish approach towards Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in STX usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Seagate Tech Hldgs. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 42% leaning bullish and 35% bearish. Among these notable options, 6 are puts, totaling $228,898, and 8 are calls, amounting to $395,465.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $118.0 for Seagate Tech Hldgs, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Seagate Tech Hldgs's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Seagate Tech Hldgs's whale activity within a strike price range from $95.0 to $118.0 in the last 30 days. </p>
<h3>Seagate Tech Hldgs Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729539032_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$4.0</td>
<td>$3.8</td>
<td>$4.0</td>
<td>$113.00</td>
<td>$80.0K</td>
<td>133</td>
<td style="text-align: right;">208</td>
</tr>
<tr>
<td>STX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$9.2</td>
<td>$9.1</td>
<td>$9.1</td>
<td>$115.00</td>
<td>$70.9K</td>
<td>676</td>
<td style="text-align: right;">148</td>
</tr>
<tr>
<td>STX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.8</td>
<td>$5.6</td>
<td>$5.78</td>
<td>$115.00</td>
<td>$57.8K</td>
<td>1.4K</td>
<td style="text-align: right;">127</td>
</tr>
<tr>
<td>STX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$3.8</td>
<td>$3.3</td>
<td>$3.48</td>
<td>$113.00</td>
<td>$52.4K</td>
<td>133</td>
<td style="text-align: right;">408</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$10.2</td>
<td>$9.8</td>
<td>$10.0</td>
<td>$100.00</td>
<td>$50.0K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Seagate Tech Hldgs</h3>
<p>Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.</p>
<p>Following our analysis of the options activities associated with Seagate Tech Hldgs, we pivot to a closer look at the company's own performance.</p>
<h3>Seagate Tech Hldgs's Current Market Status</h3>
<ul>
<li>With a volume of 1,637,808, the price of STX is up 0.01% at $112.13. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 1 days.</li>
</ul>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
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<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Seagate Tech Hldgs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Markets

A Closer Look at Seagate Tech Hldgs's Options Market Dynamics

<p><strong>Seagate Tech Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Seagate Tech Hldgs will report an <strong>earnings per share</strong> (EPS) of $1.44. </p>
<p>The market awaits Seagate Tech Hldgs's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.</p>
<p>It's important for new investors to understand that guidance can be a significant driver of stock prices.</p>
<h3>Performance in Previous Earnings</h3>
<p>The company's EPS beat by $0.32 in the last quarter, leading to a 4.02% increase in the share price on the following day.</p>
<p>Here's a look at Seagate Tech Hldgs's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q4 2024</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.73</td>
<td>0.29</td>
<td>-0.06</td>
<td>-0.19</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.05</td>
<td>0.33</td>
<td>0.12</td>
<td>-0.22</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>4.0%</td>
<td>1.0%</td>
<td>2.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729519323_0.png" alt="eps graph" /></p>
<h3>Seagate Tech Hldgs Share Price Analysis</h3>
<p>Shares of Seagate Tech Hldgs were trading at $112.12 as of October 18. Over the last 52-week period, shares are up 63.88%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/STX/earnings"><strong>To track all earnings releases for Seagate Tech Hldgs visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings

What to Expect from Seagate Tech Hldgs's Earnings

<p>Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.</p>
<p>Analysts expect Seagate Tech Hldgs to report an <strong>earnings per share</strong> (EPS) of $1.44.</p>
<p>Seagate Tech Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>The company's EPS beat by $0.32 in the last quarter, leading to a 4.02% increase in the share price on the following day.</p>
<p>Here's a look at Seagate Tech Hldgs's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q4 2024</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.73</td>
<td>0.29</td>
<td>-0.06</td>
<td>-0.19</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.05</td>
<td>0.33</td>
<td>0.12</td>
<td>-0.22</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>4.0%</td>
<td>1.0%</td>
<td>2.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729519323_0_0.png" alt="eps graph" /></p>
<h3>Tracking Seagate Tech Hldgs's Stock Performance</h3>
<p>Shares of Seagate Tech Hldgs were trading at $112.12 as of October 18. Over the last 52-week period, shares are up 63.88%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/STX/earnings"><strong>To track all earnings releases for Seagate Tech Hldgs visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Examining the Future: Seagate Tech Hldgs's Earnings Outlook

<p><strong>Seagate Technology Holdings plc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) is scheduled to report first-quarter fiscal 2025 earnings on Oct. 22.</p>
<p>The Zacks Consensus Estimate for first-quarter fiscal 2025 earnings has been revised upwards by 2.1% in the past 60 days at $1.48 per share. The company reported a non-GAAP loss per share of 22 cents in the prior year quarter. The Zacks Consensus Estimate for revenues is currently pegged at $2.11 billion, indicating a 44.8% uptick from the year-ago actual.</p>
<p>Management anticipates first-quarter fiscal 2025 revenues to be $2.1 billion (+/- $150 million). Non-GAAP earnings are expected to be $1.40 per share (+/- 20 cents).</p>
<p>STX&#39;s earnings beat the Zacks Consensus Estimate in three of the last four quarters and missed the remaining occasion. The average earnings surprise is 80.9%.</p>
<h2>Factors Shaping the Upcoming Results of Seagate</h2>
<p>Seagate expects incremental increases in mass capacity demand, owing to strengthening demand from global cloud customers and modest improvement in the nearline enterprise market. Nearline cloud revenues have been driven by improving sales to cloud service providers and steadying enterprise demand. Also, higher traditional cloud computing workloads and new AI deployments have been driving nearline demand. Seagate expects this momentum to continue in fiscal 2025.</p>
<p>Secular trends and innovations in driving up aerial density are likely to have spurred mass capacity storage demand. The launch of the Mozaic 3+ hard drive platform earlier in the year, which featured Heat-Assisted Magnetic Recording technology, positioned it well to capture share in the mass capacity storage solutions market.</p>
<p>We expect mass capacity revenues to be up 62.8% year over year to $1,655.9 million in the fiscal first quarter. Seagate anticipates the increase in mass capacity revenues to offset lower revenues from legacy markets.</p>
<p>For VIA, management anticipates sales to fluctuate in the second half of the calendar 2024. Though smart cities are the biggest end-market opportunity, the near-term budget visibility remains blurry amid existing macroeconomic uncertainty.</p>
<div class="chart_embed">
<h3>Seagate Technology Holdings PLC Price and EPS Surprise</h3>
<p><img alt="Seagate Technology Holdings PLC Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e7/1729166300.png" style="height:263px; width:542px" title="" /></p>
<p><span style="font-size:13px">Seagate Technology Holdings PLC price-eps-surprise</span><span style="font-size:13px"> | </span><span style="font-size:13px">Seagate Technology Holdings PLC Quote</span></p>
</div>
<p>Gross margin is expected to have benefited from a higher mix of mass capacity revenues and ongoing pricing actions. The company expects minimal underutilization costs owing to the improving demand environment.</p>
<p>Our estimate for revenues from the HDD segment is pegged at $1,932.2 million, indicating an increase of 49.2% from the year-ago actual. The estimate for the non-HDD (which includes enterprise data solutions, cloud systems and solid-state drives) segment is pegged at $169.1 million, implying an increase of 6.3% from the prior-year level.</p>
<p>Soft global macroeconomic conditions, especially a relatively sluggish recovery in China, remain a concern. Increasing costs are additional headwinds. In the fiscal first quarter, the non-GAAP operating expenses are expected to be $270 million.</p>
<h2>What the Zacks Model Unveils</h2>
<p>Our proven model does predict an earnings beat for Seagate this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is exactly the case here.</p>
<p>Seagate has an Earnings ESP of +5.09% and sports a Zacks Rank #1 at present.</p>
<h2>Other Stocks to Consider</h2>
<p>Here are some stocks you may consider, as our model shows that these have the right combination of elements to beat on earnings this season.</p>
<p><strong>SEI Investments Company</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seic#NASDAQ">SEIC</a>) currently has an Earnings ESP of +0.94% and a Zacks Rank #2.</p>
<p>SEIC is scheduled to report quarterly earnings on Oct. 23. The Zacks Consensus Estimate for SEIC&#39;s to-be-reported quarter&#39;s earnings and revenues is pegged at $1.07 per share and $532.1 million, respectively. Shares of SEIC have gained 29.9% in the past year.</p>
<p><strong>Ameriprise Financial, Inc</strong>. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amp#NYSE">AMP</a>) presently has an Earnings ESP of +0.5% and a Zacks Rank #2. AMP is scheduled to report quarterly numbers on Oct. 23. The Zacks Consensus Estimate for AMP&#39;s to-be-reported quarter&#39;s earnings and revenues is pegged at $8.86 per share and $4.3 billion, respectively. Shares of AMP have risen 60% in the past year.</p>
<p><strong>American Airlines Group Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) has an Earnings ESP of +32.87% and a Zacks Rank #2 at present. AAL is scheduled to report quarterly figures on Oct. 24. The Zacks Consensus Estimate for AAL&#39;s to-be-reported quarter&#39;s earnings and revenues is pegged at 13 cents per share and $13.49 billion, respectively. Shares of AAL have increased 13.5% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2352201/seagate-gears-up-for-q1-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2352201">To read this article on Zacks.com click here.</a></p>


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SEIC

Seagate Gears Up for Q1 Earnings: What's in the Offing?

<p>Combining growth and income can be extremely valuable when investing in the stock market. While dividends can provide a stable and consistent stream of cash, the potential for growth can lead to capital appreciation. These three stocks have provided significant income to shareholders and are expected to keep doing so. Additionally, they show avenues for solid growth.</p>
<h2><strong>Frontline: Income the Size of an Oil Tanker</strong></h2>
<p>First up is <strong>Frontline PLC</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fro#NYSE">FRO</a>). Frontline operates a fleet of oil tankers. As of Jun. 30, 2024, the company operated 82 vessels. The company operates these ships using various ownership structures. These include outright ownership, leasing, and charter agreements. Over the past three years, the company&#39;s trailing twelve-month revenues have seen very strong growth. Revenue has achieved a compound annual growth rate of 35% over that period.</p>
<p>This has coincided with the company&#39;s share price rising 175% over the last three years. That big rise in share price has also given shareholders big dividends. Over the past twelve months, the company&#39;s dividend yield is 7.9%. Its dividend yield has fluctuated widely over time from 0% to upwards of 20%. However, over the last 10 years, its average is 7.2%.</p>
<p>In addition, analysts see the company maintaining strong revenue and earnings per share growth. Analysts expect those figures to rise at a compound annual rate of 20.8% and 9.7%, respectively. Furthermore, Wall Street analysts see solid upside in the stock despite its strong rise in recent years. The average price target for the company implies a 16% upside from its current level. A recent upgrade by BTIG Research supports this potential upside. The firm moved its rating from Neutral to Buy, placing a $30 target on Frontline.</p>
<p>It is important to note that many of Frontline&#39;s vessels, particularly its largest ones, transport oil from the Middle East to other regions. This adds geopolitical risk to the firm.</p>
<h2><strong>Blackstone: 3% Dividend Yield Combined with A Bottoming Market?</strong></h2>
<p>Next up is <strong>Blackstone</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>). The financial services company is the largest alternative asset manager in the world. The company manages various, mostly private, investment funds. They focus on real estate, private equity, infrastructure, and hedge fund strategies. It generates revenue from fees that it charges for managing these funds, as well as from incentive fees generated when the funds perform well. Over the past year, the company has achieved strong share price returns and provided a notable amount of dividend income.</p>
<p>Shares are up 42%, and the company&#39;s trailing twelve-month dividend yield is 2.3%. Analysts project that figure will rise by 3% in the next twelve-month period. On average, analysts expect the company&#39;s revenue and earnings per share to continue growing strongly over the next two years. The expected compound annual growth rates for these metrics are 24% and 22%, respectively.</p>
<p>Some evidence shows that the private investment fund industry may be nearing a bottom. If current trends continue, the amount of capital raised for private equity and venture capital funds in 2024 will be the lowest since 2016. The number of these funds launched in the first half of 2024 is down 47% compared to the first half of 2023. Additionally, falling interest rates have historically led to more deals in this industry. Continued falls in interest rates would increase demand for new Blackstone funds, all else being equal. Additionally, the fact that the industry may be at a fundraising bottom could provide a strong tailwind going forward.</p>
<h2><strong>Seagate: More Data Means More Storage</strong></h2>
<p>Last up is <strong>Seagate Technology</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>). Seagate makes hardware that stores data on computers. This includes things like hard drives and solid-state drives (SSDs). These devices are where files, videos, and various other types of information are stored on a computer.</p>
<p>Seagate mainly sells its storage solutions to large customers, like data centers. &quot;Mass capacity&quot; customers that require large-scale solutions make up over 90% of the storage Seagate sells. One might consider the company semiconductor-adjacent. Its products rely on semiconductors made by companies like Samsung.</p>
<p>As the world becomes more digitized, there must be more hardware to store digital information. The company cites an International Data Corporation report stating that increased digitization and increased information created by AI will drive demand for data storage. The report expects storage needs to rise by 24% annually through 2028. Analysts are projecting the company&#39;s revenue to rise by 26% annually over the next two years. Additionally, Seagate is expected to provide a respectable dividend yield of 2.6% over the next twelve months.</p>
<p>The article &quot;<a href="https://www.marketbeat.com/stock-ideas/top-income-stocks-offering-big-dividend-yields-and-future-growth/">Top Income Stocks Offering Big Dividend Yields and Future Growth</a>&quot; first appeared on MarketBeat.</p>


Dividends

Price Target

Top Income Stocks Offering Big Dividend Yields and Future Growth

<p><strong>Seagate Technology Holdings plc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) is a leading provider of data storage technology and infrastructure solutions.</p>
<p>Seagate reported revenues of $6.55 billion in fiscal 2024. In the fiscal fourth quarter of 2024, non-GAAP revenues of $1.89 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially driven by growing demand for mass capacity solutions. Management projected revenues to be $1.85 billion (+/- $150 million) for the fiscal fourth quarter.</p>
<h2>STX Witnesses Solid Demand for Mass Capacity</h2>
<p>Seagate is witnessing mass capacity demand improvement with nearline cloud demand picking up pace. In the last reported quarter, mass capacity revenues surged 46% year over year to $1.44 billion, owing to stronger global cloud demand. Sequentially, mass capacity revenues were up 22%.</p>
<p>Strengthening the global cloud demand environment is fueling demand for nearline capacity demand. In the last reported quarter, nearline cloud revenues more than doubled year over year, owing to higher traditional cloud computing workloads and new AI deployments. STX expects this momentum to continue in fiscal 2025.</p>
<p>Also, cloud service providers are focusing more on the development of AI applications while building cloud infrastructure. This includes training of large language models and expansion of the entire hardware stack to cushion generative AI content-driven growth. Seagate believes HDDs will play a key role in enabling these stages of the AI adoption curve and expects HDD demand to pick up pace going ahead.</p>
<p>Seagate&#39;s launch of the Mozaic 3+ hard drive platform, featuring Heat-Assisted Magnetic Recording (HAMR) technology, is also expected to aid in capturing a greater share in the market of mass capacity storage solutions.</p>
<p>Seagate expects HAMR to aid in exploiting megatrends like AI and machine learning, which will drive long-term demand for cost-effective mass-capacity storage solutions. The company has completed multiple qualifications for its 24TB CMR / 28TB SMR drives. It expects to begin volume shipments in the first quarter of fiscal 2025.</p>
<h2>STX&#39;s Mass Capacity Exabyte Shipments</h2>
<p>Mass capacity exabyte shipments represent more than 90% of total exabyte shipments. In the last reported quarter, the company shipped 103.9 exabytes for the mass-capacity storage market (including nearline, video and image applications and network-attached storage). This recorded a year-over-year increase of 38% in exabyte shipments and 17% sequentially.</p>
<h2>STX&#39;s Robust Outlook</h2>
<p>Driven by incremental improvements in mass-capacity demand, management anticipates first-quarter fiscal 2025 revenues to be $2.10 billion (+/- $150 million).<br />
Gross margin is expected to benefit from a higher mix of mass-capacity revenues and ongoing pricing actions. Non-GAAP earnings for the fiscal first quarter of 2025 are expected to be $1.40 per share (+/- 20 cents).</p>
<p>The non-GAAP operating expenses are expected to be $270 million. At the midpoint of the revenue guidance, management expects the non-GAAP operating margin to grow in the high-teens percentage range of revenues. Management anticipates fiscal 2025 capex to be at or below the low end of its long-term target range of 4-6% of revenues.</p>
<p>However, for VIA, management anticipates sales to fluctuate in the second half of the calendar 2024. Though smart cities are the biggest end-market opportunity, the near-term budget visibility remains blurry amid existing macroeconomic uncertainty.</p>
<h2>STX Needs to Watch Out for Cut-throat Competitive Landscape</h2>
<p>The increasing demand trends offer all players a lucrative opportunity to drive growth thereby resulting in intense competition. Stiff competition can put pricing pressure which can affect margin performance.</p>
<p>Seagate faces tough competition from other players like<strong> Western Digital Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>), <strong>NetApp Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntap#NASDAQ">NTAP</a>) and <strong>Pure Storage, Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pstg#NYSE">PSTG</a>) in the data storage industry including HDD and SSD manufacturers. It also faces competition from companies engaged in offering storage subsystems, like electronic manufacturing services and contract electronic manufacturing.</p>
<p>Headquartered in San Jose, CA, WDC is a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies. Western Digital is well-positioned to gain from continued momentum in its HDD and Flash businesses. In the fiscal fourth quarter of 2024, sales from the Cloud end market climbed 89% year over year due to higher demand for its nearline HDDs and enterprise SSDs, along with improved pricing.</p>
<p>NetApp provides enterprise storage as well as data management software and hardware products and services. It assists enterprises in managing multiple cloud environments, adopting next-generation technologies like artificial intelligence, Kubernetes and contemporary databases, and navigating the complexity brought by the quick development of data and cloud usage. NetApp&#39;s performance is being driven by strong demand for an all-flash portfolio and growth in first-party and marketplace cloud storage services. All-Flash Array Business&#39; annualized ARR was $3.4 billion, up 21% in the first quarter of 2025.</p>
<p>Headquartered in Mountain View, CA, PSTG provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. Pure Storage&#39;s primary offerings are FlashArray and FlashBlade products, which include FlashArray//C, FlashArray//XL, FlashArray File Services, FlashBlade//S and FlashBlade//E. Momentum in its FlashBlade solutions, including FlashBlade//E and subscription-based offerings, is cushioning Pure Storage&#39;s performance. Healthy subscription services revenues (with 25% year-over-year growth in the second-quarter fiscal 2025) are tailwinds. In the last reported quarter, revenues soared 11% year over year and beat the Zacks Consensus Estimate by 1%.</p>
<p><a href="https://www.zacks.com/stock/news/2348985/will-seagate-continue-to-gain-from-increasing-mass-capacity-demand?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2348985">To read this article on Zacks.com click here.</a></p>


Guidance

Offerings

NTAP

PSTG

Will Seagate Continue to Gain From Increasing Mass Capacity Demand?

<p><strong>Seagate Tech Hldgs's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STX#NYSE">STX</a>) short percent of float has fallen 5.56% since its last report. The company recently reported that it has <strong>10.83 million shares sold short</strong>, which is 6.29% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.88 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Seagate Tech Hldgs Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727892917_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Seagate Tech Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Seagate Tech Hldgs's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Seagate Tech Hldgs's peer group average for short interest as a percentage of float is 6.77%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Looking Into Seagate Tech Hldgs's Recent Short Interest

<p><strong>Micron Technology, Inc.</strong>&nbsp;proved the doubters and analysts wrong with a Babe Ruth-style homerun earnings report that saw revenues nearly double YoY driven by the artificial intelligence (AI) boom. The irony is that at least three analysts downgraded, trimmed estimates or lowered price targets for Micron ahead of its fiscal fourth-quarter earnings report, sending shares as low as $84.12 on Sept. 12, 2024. MarketBeat analysts thought otherwise, citing the 4 Reasons to Buy the 44% Price Drop and looking to Capitalize on Micron&#39;s 24% Drop.</p>
<p>Micron&#39;s solid AI-driven demand-powered earnings report helped lift the computer and technology sector, driving shares of memory device makers like <strong>Western Digital Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>) and <strong>Seagate Technology Holdings plc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) higher.</p>
<h2><strong>Micron Finally Reaps AI Boom Benefits With Strong Q4 Results</strong></h2>
<p>The market had been waiting for Micron to show evidence of benefitting from the AI boom<a href="https://www.marketbeat.com/stock-ideas/is-amd-a-legitimate-threat-to-nvidia-what-investors-should-watch/" rel="noopener" target="_blank">,</a> such as NVIDIA Co.<strong>&nbsp;</strong>or&nbsp;<strong>Oracle Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>), as&nbsp;illustrated in their earnings blowouts. Yet, prior earnings and guidance were tepid and in line. This prompted many downgrades citing concerns that AI alone couldn&#39;t help slumping spot DRAM prices and inventory glut hurting its non-AI business like PCs and smartphones.</p>
<p>Micron&#39;s fiscal fourth-quarter of 2024 earnings report put all doubts to rest. The company reported EPS of $1.18, beating consensus estimates by 7 cents. Revenues surged 93.3% YoY to $7.75 billion, crushing consensus estimates by over $100 million. Non-GAAP gross margin rose to 36.5%, up from 28.1% sequentially.</p>
<h2><strong>AI and Data Centers Stole the Show </strong></h2>
<p>Robust AI demand fueled the surge in its data center DRAM products and industry-leading high bandwidth memory (HBM) chips, which have already been booked until 2025. However, Micron&#39;s recently announced acquisition of 2 Taiwan factories was meant to boost its capacity for these red-hot chops. HBM chips are tailor-made for AI applications like computer vision, natural language processing (NLP), and computer vision.&nbsp;</p>
<p>Micron Technology CEO Sanjay Mehrotra didn&#39;t downplay his excitement, stating, &quot;We are entering fiscal 2025 with the best competitive positioning in Micron&#39;s history. We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025.&quot; The company hit record NAND revenue led by data center and SSD sales, which exceeded $1 billion for the first time.</p>
<h2><strong>Micron Ups the Ante and Raises Guidance </strong></h2>
<p>Micron Technology raised its fiscal first-quarter of 2025 EPS to $1.66 to $1.82 versus consensus estimates of $1.52. First-quarter revenues are expected to be between $8.50 billion and $8.90 billion, crushing the $8.27 billion consensus estimates. Non-GAAP margin is expected to be around 39.5% +/- 1%.</p>
<p>Micron Technology EVP Manish Bhatia notes that the demand for traditional servers will continue to grow and improve as IT software deployment continues. Modest unit growth is expected for general server growth. However, AI servers are expected to be robust in 2025 as AI momentum continues. Micron has strengthened its position with HBM growth in AI servers with its high capacity 128 gigabyte DIMMs being used in AI servers for training and inferencing. Both enterprise AI and cloud servers are driving demand.</p>
<h2><strong>MU Stock Completes a Cup Pattern</strong></h2>
<p>A cup pattern forms on a swing-high lip line that falls to a swing-low, forming a rounding bottom that rises back up to retest the cup lip line. From there,&nbsp; a handle may form on a pullback or a continuation above the cup lip line, which acts as a new floor support.</p>
<p><img alt="Micron MU stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240926092911_chartq-mu.jpg" style="height:754px; width:915px" /></p>
<p>MU formed its cup lip line around $110.39 and sold off to the $84.91 swing low, and the multiple pre-earnings report analyst downgrades and price cuts. MU rose to the $96.18 level driven by the divergence bottom formed on the daily RSI heading into its fiscal Q4 2024 earnings release.</p>
<p>The solid report triggered a price gap to the $110.58 gap fill level, competing with the cup pattern. MU will either use the cup lip line as a floor support and trend higher or pullback to form a handle, forming a potential cup-and-handle breakout if it successfully surges back up through the cup lip line. RSI rose to the 70-band. <strong>Fibonacci</strong><strong> </strong>(<strong>Fib) pullback support levels are at $110.39, $104.48, $98.52, and $89.97.</strong></p>
<p>Micron Technology&#39;s average consensus price target is <strong>$146.04, </strong>and its highest analyst price target&nbsp;is&nbsp;<strong>$225.00</strong>. Analysts have given it 25 Buy ratings, one Hold rating, and one Sell rating.</p>
<p>With MU&#39;s large gap following earnings, it&#39;s best not to chase. Bullish investors can buy on pullbacks using cash-secured puts to take advantage of the elevated premiums at the fib pullback support levels to buy the dip and write covered calls to execute a wheel strategy for income in addition to the 0.41% annual dividend yield.</p>
<p>The article &quot;<a href="https://www.marketbeat.com/originals/micron-stock-soars-as-ai-demand-fuels-big-q4-earnings-beat/">Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat</a>&quot; first appeared on MarketBeat.</p>


Downgrades

Technicals

ORCL

Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat

<p><strong>Keysight Technologies, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/keys#NYSE">KEYS</a>) has been designated by UL Solutions as the certification test partner for Thunderbolt 5 products. This new role reinforces UL Solutions&#39; position as an Intel-authorized lab for Thunderbolt 5 technologies.</p>
<p>Thunderbolt 5 certification mandates compliance with Thunderbolt standards and Keysight, in collaboration with UL Solutions, is committed to ensuring that the products meet these requirements. To validate Thunderbolt 5 certification, UL Solutions uses several Keysight test and measurement products, including the Infiniium UXR B Series Oscilloscopes, the M8000 Series High-Performance BERT and ENA Vector Network Analyzers.</p>
<p>Thunderbolt 5 brings a significant advancement in wired connectivity, boasting data transfer speeds of up to 120 Gbps &mdash; almost three times faster than Thunderbolt 4. This enhanced capability accommodates innovative display technologies and improves power delivery, enabling quicker transfers of large files like ultra-high-definition videos and intricate 3D models. The outcome is a more efficient workflow, increased productivity and an enriched user experience.</p>
<h2>Keysight&#39;s Testing Solutions Gain Traction</h2>
<p>Keysight&#39;s performance is benefiting from the strong demand for its electronic design and test solutions. As electronic devices serve as the backbone of Internet of Things services, wireless technology, data centers and 5G technologies, the swift adoption of these devices is driving an increased need for the company&#39;s electronic testing equipment.</p>
<div class="chart_embed">
<h3>Keysight Technologies Inc. Price and Consensus</h3>
<p><img alt="Keysight Technologies Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/a5/1727445933.png" style="height:265px; width:581px" title="" /></p>
<p><span style="font-size:13px">Keysight Technologies Inc. price-consensus-chart | Keysight Technologies Inc. Quote</span></p>
<p>Its award-winning Radar Scene Emulator is the only solution in the market to imitate realistic roadway scenarios in a lab environment. This solution was chosen by a leading U.S. auto manufacturer for testing and validation of autonomous drive systems.</p>
<p>Earlier this month, Keysight announced that it had achieved a milestone by successfully testing and certifying Autotalks&#39; vehicle-to-everything (V2X) communication solution in its device security research lab, Riscure Security Solutions, under the Common Criteria certification program. The successful completion will likely ensure the highest security standards, marking the first time a V2X chipset with an embedded Hardware Security Module receiving such certification.</p>
<p>The rising demand for electronics testing equipment is poised to boost Keysight&#39;s revenues and stock performance as it capitalizes on the growing adoption of essential electronic devices.</p>
</div>
<p>&nbsp;</p>
<h2>KEYS&#39; Zacks Rank &amp; Stock Price Performance</h2>
<p>KEYS currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 19.6% in the past year compared with the sub-industry&#39;s growth of 16%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/79564.jpg?v=28587084" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Stocks to Consider</h2>
<p>Some better-ranked stocks from the broader technology space are <strong>Seagate Technology Holdings plc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>), <strong>ANSYS, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>) and <strong>American Software, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>).&nbsp;STX presently sports a Zacks Rank #1 (Strong Buy), whereas ANSS &amp; AMSWA carry a Zacks Rank #2 (Buy).</p>
<p>Seagate Technology delivered an earnings surprise of 80.9%, on average, in three of the trailing four quarters. In the last reported quarter, STX pulled off an earnings surprise of 40%. The Zacks Consensus Earnings Estimate for STX has increased 18% to $7.41 in the past 60 days.</p>
<p>ANSYS delivered an earnings surprise of 4.8%, on average, in three of the trailing four quarters. In the last reported quarter, ANSS pulled off an earnings surprise of 28.9%. It has a long-term earnings growth expectation of 6.4%.</p>
<p>American Software delivered an earnings surprise of 84.5%, on average, in the trailing four quarters. In the last reported quarter, AMSWA pulled off an earnings surprise of 71.4%. The Zacks Consensus Earnings Estimate for AMSWA has increased 8.6% to 38 cents in the past 60 days.</p>
<p><a href="https://www.zacks.com/stock/news/2342766/can-keys-stock-gain-from-facilitating-thunderbolt-5-certification?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2342766">To read this article on Zacks.com click here.</a></p>


Small Cap

AMSWA

ANSS

KEYS

Can KEYS Stock Gain From Facilitating Thunderbolt 5 Certification?

<p><strong>eBay Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) is the world&#39;s largest online auction site connecting buyers and sellers worldwide. It was one of the first consumer-to-consumer (C2C) online auction sites on the internet, and it&#39;s nearing its 30<sup>th</sup> birthday. eBay is no longer the hypergrowth e-commerce stock it once was; it is a stable and steady blue-chip internet stock that remains profitable with a solid balance sheet and liquidity. Its shares are coming off a 52-week high.</p>
<p>eBay operates in the computer and technology sector and competes with online auction and eCommerce marketplaces, including <strong>Etsy Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>), Amazon.com Inc., <strong>Mercari Inc.</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mcary#OTC">MCARY</a>) and Alibaba Group Holding Ltd.</p>
<h2><strong>Capitalizing on the Collectibles Market </strong></h2>
<p>eBay is one of the largest sites for collectibles auctions and sales. It charges a 13% fee to sellers for sold items. Hobbyists and collectors of comic books, <strong>Funko Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnko#NASDAQ">FNKO</a>), Funko Pops, trading cards, sneakers, handbags, watches, and antiques from all over the world gather to bid on collectible items. Collectibles was the second largest contributor to gross merchandise volume (GMV) in its second-quarter of 2024 earnings report.</p>
<h2><strong>Partnering With PSA: Grading and Authentication </strong></h2>
<p>eBay has made several deals with Collectors, the parent company of Professional Sports Authenticator (PSA). PSA is a widely used third-party grading and authentication service that focuses on authenticating, grading, and encapsulating trading cards, autographs, toys, and Funko Pops. Graded cards sell for much more money than raw cards. eBay transferred trading card assets to the PSA vault for holding. PSA customers can easily sell their graded and encapsulated cards from the PSA vault on eBay at any time without having to wait for their cards to be shipped back to them to ship out to the buyers.</p>
<p>eBay also completed the acquisition of Goldin Auctions, a premium auction house for collectibles, from Collectors. Goldin has gained mainstream popularity thanks to its <strong>Netflix Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) series &quot;King of Collectibles&quot;&nbsp;which is&nbsp;streaming for&nbsp;a second season.</p>
<h2><strong>Refurbished Inventory and Authentication Guarantee Growth </strong></h2>
<p>eBay expanded its refurbished service to include golf clubs. It&#39;s launched stores for brands and original equipment manufacturers (OEMs) like Dyson to sell their refurbished inventory. <strong>Seagate Technologies Holdings plc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) is responsible for direct sales of its factory-recertified hard drives. It has also reached a milestone in its Authentication Guarantee Program. It has authenticated its 10th million items since its inception, including a pair of Air Jordan 1 Low Lucky Green sneakers in its Las Vegas facility.</p>
<p>eBay has also launched a &quot;click-to-resell&quot; button with Certilogo, an AI-powered pre-owned clothing authentication provider. eBay is the largest pre-owned clothing and merchandise marketplace, benefiting from the off-brand consumer shopping tailwinds.</p>
<h2><strong>Investments in AI and ML Are Paying Off </strong></h2>
<p>eBay&#39;s investments in AI are paying off as it deployed its first supercomputer. It gives them the capacity to build and refine larger LLMs on trillions of tokens. Its supercomputer is on par with the top 50 supercomputers in the world in terms of computing speed and petaflops. Its generative AI offerings are helping sellers better list their items, creating more detailed item descriptions. eBay launched a generative AI-powered discovery feature called Shop the Look for fashion buyers. This feature lets eBay curate personalized outfits of new and pre-owned apparel and luxury items that match a user&#39;s style and preferences.</p>
<h2><strong>Magical Listings Are a Game Changer </strong></h2>
<p>One of the major friction points and bottlenecks for sellers is the time-consuming task of listing items for sale on eBay. The seller has to complete a number of tasks that include creating a compelling description along with the title, item details, category selections, pricing and shipping options. eBay&#39;s AI-powered Magical Listing Tool automates the listing process as soon as the seller uploads a picture of the item to be sold. The tool will automatically create the description and fill in the details, which the seller overlooks and confirms before going live. Currently, Magical Listings is still in beta.</p>
<p>eBay CEO Jamie Iannone commented, &quot;After fully rolling out generative AI descriptions, we are continuing to test and iterate on the next phase of our magical listing experience, which leverages user-uploaded product images to help sellers fill in the category, title, and other item aspects for a listing. A subset of sellers are testing this experience in beta, and we are leveraging their feedback and expertise to train our models and expand coverage to a broader range of categories.</p>
<h2><strong>eBay&#39;s Steady Eddie Single-Digit Growth Quarter </strong></h2>
<p>eBay reported Q2 2024 EPS of $1.18, which beat consensus analyst expectations by 5 cents. Revenues rose 1.3% YoY to $2.57 billion versus $2.53 billion consensus estimates. GAAP net income was $226 million, while non-GAAP net income was $602 million. eBay generated $367 million of operating cash flow and $278 million of free cash flow.</p>
<p>GMV was up 1% to $18.4 billion. Active buyers were flat YoY at 132 million. eBay Motors Parts and Accessories (P&amp;A) segment had the highest GMV in the quarter, followed by Collectibles. Non-GAAP operating margins came in at 27.9%, higher than the 27.6% upper end of guidance. Advertising revenue grew 12% YoY as total ad revenue rose to 2.2% of GMV.</p>
<p>The company bought back $1 billion of stock in the quarter, or 19 million shares. There is still $1.9 billion remaining in its buyback program. After paying out $135 million in cash dividends, eBay closed the quarter with $6.3 billion in cash and cash equivalents.</p>
<h2><strong>eBay Issues Mixed Guidance </strong></h2>
<p>The company expects third-quarter 2024 EPS of $1.15 to $1.20, beating $1.13 consensus estimates. Revenues are expected between $2.50 billion and $2.56 billion, versus $2.54 billion consensus estimates.</p>
<h2><strong>EBAY Stock Forms a Potential Bull Flag Set-Up </strong></h2>
<p>A bull flag forms when the stock surges through its upper descending trendline resistance, which moves parallel to its descending lower trendline support after peaking its flag pole run up at a swing high.</p>
<p><img alt="eBay EBAY stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240922164924_chartq-ebay.jpg" style="height:744px; width:915px" /></p>
<p>EBAY formed its swing high at $64.96, shy of the highest analyst price target of $65.00. The flagpole commenced with parallel descending (falling) upper and lower trendlines. A market structure high (MSH) sell trigger also forms under $63.02. The daily relative strength index (RSI) is slipping to the 65-band. <strong>Fibonacci</strong><strong> </strong>(<strong>Fib) pullback support levels are at $60.82, $56.98, $56.63, and $55.29.</strong></p>
<p>eBay&#39;s average consensus price target is <strong>$56.90, </strong>and its highest analyst price target is $65.00<strong>. </strong>&nbsp;</p>
<p>EBAY stock recently peaked off its highest analyst price target at $65.00. Its consensus price target is 9% lower at $56.90. However, if a bull flag triggers, it may also be setting up its next leg higher. Bullish investors can enter on pullbacks using cash-secured puts at the fib pullback support levels to buy the dip. &nbsp;</p>
<p>By implementing a bullish call debit spread, bullish options investors can limit the downside and profit from modest upside gains for less capital than owning the stock.</p>
<p>The article &quot;<a href="https://www.marketbeat.com/originals/why-ebay-stock-is-the-steady-performer-you-cant-ignore/">Why eBay Stock Is the Steady Performer You Can&#39;t Ignore</a>&quot; first appeared on MarketBeat.</p>


Buybacks

EBAY

ETSY

FNKO

MCARY

NFLX

Why eBay Stock Is the Steady Performer You Can't Ignore

WIIM

AAOI

AEVA

ANET

BELFB

CALX

FLEX

GDDY

LINK

PMTS

SHOP

SNOW

TWLO

ZBRA

Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

<p><strong>Seagate Tech Hldgs's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STX#NYSE">STX</a>) short percent of float has risen 3.58% since its last report. The company recently reported that it has <strong>11.48 million shares sold short</strong>, which is 6.66% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 6.36 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Seagate Tech Hldgs Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726260316_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Seagate Tech Hldgs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Seagate Tech Hldgs's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Seagate Tech Hldgs's peer group average for short interest as a percentage of float is 7.96%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Peering Into Seagate Tech Hldgs's Recent Short Interest

ASML

DELL

INTC

LRCX

MRVL

NVDA

NXPI

Shares of semiconductor, hardware and AI-linked stocks are trading lower as the sector continues to pull back. Chip stocks may also be down in sympathy with Broadcom, which fell after reporting earnings.

<p>Investors with significant funds have taken a bullish position in Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), a development that retail traders should be aware of.</p>
<p>This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in STX usually indicates foreknowledge of upcoming events.</p>
<p>Today, Benzinga's options scanner identified 8 options transactions for Seagate Tech Hldgs. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 37% being bullish and 12% bearish. Of all the options we discovered, 7 are puts, valued at $420,775, and there was a single call, worth $32,344.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $102.0 for Seagate Tech Hldgs, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Seagate Tech Hldgs's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Seagate Tech Hldgs's whale trades within a strike price range from $95.0 to $102.0 in the last 30 days. </p>
<h3>Seagate Tech Hldgs Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725388239_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$5.3</td>
<td>$5.2</td>
<td>$5.3</td>
<td>$95.00</td>
<td>$106.0K</td>
<td style="text-align: right;">89</td>
<td style="text-align: right;">289</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$7.8</td>
<td>$7.6</td>
<td>$7.7</td>
<td>$100.00</td>
<td>$93.1K</td>
<td style="text-align: right;">722</td>
<td style="text-align: right;">121</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$6.2</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$100.00</td>
<td>$65.8K</td>
<td style="text-align: right;">726</td>
<td style="text-align: right;">109</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$5.4</td>
<td>$5.2</td>
<td>$5.3</td>
<td>$95.00</td>
<td>$42.4K</td>
<td style="text-align: right;">89</td>
<td style="text-align: right;">369</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$5.4</td>
<td>$5.2</td>
<td>$5.3</td>
<td>$95.00</td>
<td>$42.4K</td>
<td style="text-align: right;">89</td>
<td style="text-align: right;">369</td>
</tr>
</tbody>
</table>
</p>
<h3>About Seagate Tech Hldgs</h3>
<p>Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.</p>
<p>Following our analysis of the options activities associated with Seagate Tech Hldgs, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Seagate Tech Hldgs</h3>
<ul>
<li>With a trading volume of 717,970, the price of STX is down by -0.07%, reaching $99.48.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 51 days from now.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Seagate Tech Hldgs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Seagate Tech Hldgs's Options Frenzy: What You Need to Know

<p>On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/08/30/final-trades-lennar-oracle-and-seagate.html">Halftime Report Final Trades</a>,&#8221; <strong>Bryn Talkington</strong> of Requisite Capital Management said she likes free cash flow yield, and named <strong>Lennar Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a free <a href="https://www.benzinga.com/quote/LEN/analyst-ratings">cash flow yield of 11%</a>.</p>
<p>On Aug. 5, Seaport Global analyst Kenneth Zener downgraded the rating for Lennar from Buy to Neutral.</p>
<p><strong>Jim Lebenthal </strong>of Cerity Partners said <strong>Oracle Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is a well-valued tech stock.</p>
<p>On June 12, Oracle reported fourth-quarter revenue of $14.3 billion, missing the consensus estimate of $14.554 billion, according to Benzinga Pro. Oracle reported fourth-quarter adjusted earnings of $1.63 per share, missing average analyst estimates of $1.65 per share.</p>
<p> <em>Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a></em></p>
<p><strong>Stephanie Link</strong> of Hightower picked <strong>Seagate Technology Holdings plc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) as her final trade.</p>
<p>On July 23, Seagate Tech reported quarterly earnings of $1.05 per share. The company beat the analyst consensus estimate of 75 cents per share. </p>
<p>The company reported quarterly sales of $1.89 billion which beat the analyst consensus estimate of $1.877 billion. The company said it expects first-quarter revenue of approximately $2.1 billion, plus or minus $150 million, versus estimates of $1.877 billion. </p>
<p>The company anticipates first-quarter adjusted earnings of $1.40 per share, plus or minus 20 cents per share, versus <a href="https://www.benzinga.com/news/earnings/24/07/39919112/seagate-technology-q4-earnings-revenue-beat-eps-beat-strong-guidance-amid-improving-cloud-demand-en">estimates of 75 cents per share.</a></p>
<p><strong>Price Action:</strong></p>
<ul>
<li>Lennar shares gained 0.9% to close at $182.06 during Friday's session.</li>
<li>Oracle shares gained 1.3% to settle at $141.29 during Friday's session.</li>
<li>Seagate shares gained 2.1% to settle at $99.55 on Friday.</li>
</ul>
<p><strong>Check This Out: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/24/08/40666406/top-2-real-estate-stocks-that-could-blast-off-this-quarter">Top 2 Real Estate Stocks That Could Blast Off This Quarter</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


Lennar, Oracle, Seagate On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Lennar, Oracle, Seagate Technology

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Seagate Tech Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with STX, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Seagate Tech Hldgs.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $198,500, and 6 are calls, for a total amount of $294,045.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $105.0 for Seagate Tech Hldgs over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Seagate Tech Hldgs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Seagate Tech Hldgs's substantial trades, within a strike price spectrum from $90.0 to $105.0 over the preceding 30 days.</p>
<h3>Seagate Tech Hldgs 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724269564_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.1</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$90.00</td>
<td>$153.6K</td>
<td>105</td>
<td>1.5K</td>
</tr>
<tr>
<td>STX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$5.0</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$105.00</td>
<td>$91.6K</td>
<td>1.0K</td>
<td>500</td>
</tr>
<tr>
<td>STX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$5.1</td>
<td>$4.8</td>
<td>$4.8</td>
<td>$105.00</td>
<td>$89.2K</td>
<td>1.0K</td>
<td>250</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.05</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$90.00</td>
<td>$44.9K</td>
<td>105</td>
<td>1.9K</td>
</tr>
<tr>
<td>STX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.9</td>
<td>$4.8</td>
<td>$4.9</td>
<td>$105.00</td>
<td>$31.3K</td>
<td>1.0K</td>
<td>64</td>
</tr>
</tbody>
</table>
</p>
<h3>About Seagate Tech Hldgs</h3>
<p>Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.</p>
<p>Having examined the options trading patterns of Seagate Tech Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of Seagate Tech Hldgs</h3>
<ul>
<li>Currently trading with a volume of 724,083, the STX's price is up by 0.38%, now at $103.94. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 64 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Seagate Tech Hldgs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


This Is What Whales Are Betting On Seagate Tech Hldgs

<p>The S&amp;P 500 and Nasdaq 100 indices notched their seventh consecutive day of gains on Friday, culminating in their strongest weekly performance since late October 2023 as investor sentiment toward risk assets improved in response to a string of upbeat economic indicators <a href="https://www.benzinga.com/calendars/economic">released throughout the week.</a></p>
<p>Tracking these indices, the <strong>SPDR S&amp;P 500 ETF Trust </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the <strong>Invesco QQQ Trust, Series 1</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) closed with modest daily gains of 0.2% and 0.1%, respectively. For the week, the S&amp;P 500 and Nasdaq 100 soared 4% and 5.5%, marking their best weekly performances in 10 months.</p>
<p>The Dow Jones Index, as tracked by the <strong>SPDR Dow Jones Industrial Average ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), closed 0.2% higher, marking its fourth straight session of gains and the best week since December 2023.</p>
<h3 class="wp-block-heading">Wall Street Extends Winning Streak On Bullish Economic Data, Record-High Earnings</h3>
<p>On Friday, traders welcomed a better-than-expected consumer sentiment reading from the University of Michigan, which signaled <a href="https://www.benzinga.com/news/econ-s/24/08/40419637/us-consumer-confidence-rebounds-in-august-expectations-are-subject-to-change-as-presidential-campaig">growing optimism among consumers.</a></p>
<p>A day earlier, initial jobless claims for the week ending Aug. 10 surprised to the downside, indicating fewer concerns about the resilience of the labor market, while retail sales spiked more than expected by 1% on a month-over-month basis in July, marking the strongest month since January 2023.</p>
<p>Softer-than-anticipated inflation data for both consumers and producers released earlier this week further fueled market enthusiasm, cementing expectations for an interest rate cut from the Federal Reserve next month.</p>
<p>The upbeat data has tempered bets on a larger rate reduction, with market participants now leaning toward a more modest 25-basis-point cut. Market-implied probabilities for a larger 50-basis-point reduction have tumbled to 23%, according to <strong>CME Group&#8217;s</strong> FedWatch tool, as economic data signals no rush for <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40405406/interest-rate-markets-rethink-fed-strategy-as-economic-data-signals-no-rush-for-m">an overly loose monetary policy. </a></p>
<p>&#8220;The latest data support our view that betting against consumers when jobs are expanding is a bad bet. Even bad weather didn&#8217;t stop them from going to the malls last month,&#8221; said <strong>Ed Yardeni</strong>, president at <strong>Yardeni Research</strong>.</p>
<p>The latest earnings season provides no indication of an impending recession, Yardeni said. With over 90% of S&amp;P 500 companies having reported second-quarter results, collective operating earnings per share for the index surged 10.9% year-over-year to a record high of $60.19.</p>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Movers On Friday</h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td>Company</td>
<td><strong>1-day return (%)</strong></td>
</tr>
<tr>
<td><strong>Ulta Beauty, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>)</td>
<td>3.21</td>
</tr>
<tr>
<td><strong>DexCom, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>)</td>
<td>3.16</td>
</tr>
<tr>
<td><strong>Tapestry, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>)</td>
<td>3.06</td>
</tr>
<tr>
<td><strong>West Pharmaceutical Services, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>)</td>
<td>2.67</td>
</tr>
<tr>
<td><strong>Bath &amp; Body Works, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>)</td>
<td>2.47</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<h3 class="wp-block-heading">Nasdaq 100&#8217;s Top 5 Movers On Friday</h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td>Security Name</td>
<td><strong>1-day return (%)</strong></td>
</tr>
<tr>
<td><strong>Atlassian Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>)</td>
<td>5.05</td>
</tr>
<tr>
<td><strong>DexCom, Inc.</strong></td>
<td>3.16</td>
</tr>
<tr>
<td><strong>PDD Holdings Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>)</td>
<td>2.90</td>
</tr>
<tr>
<td><strong>Take-Two Interactive Software, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>)</td>
<td>2.43</td>
</tr>
<tr>
<td><strong>Warner Bros. Discovery, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>2.36</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/08/40399595/bill-ackman-cuts-chipotle-stake-right-before-stock-drop-did-billionaire-see-what-the-market-coul">Bill Ackman Cuts Chipotle Stake Right Before Stock Drop: Did Billionaire See What The Market Couldn&#8217;t?</a></strong></li>
</ul>
<p><em>Photo generated using artificial intelligence via MidJourney. </em></p>


Equities

Broad U.S. Equity ETFs

Econ #s

Federal Reserve

ETFs

BBWI

CSCO

SPDR Dow Jones Industrial Average ETF Trust

DXCM

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TEAM

TTWO

ULTA

S&P 500, Nasdaq 100 Mark Seventh Straight Positive Session, Strongest Week Since October 2023: Friday's Top Movers

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Seagate Tech Hldgs</strong>.</p>
<p>Looking at options history for Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) we detected 14 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 57% with bearish.</p>
<p>From the overall spotted trades, 3 are puts, for a total amount of $421,060 and 11, calls, for a total amount of $1,379,816.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $120.0 for Seagate Tech Hldgs, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Seagate Tech Hldgs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Seagate Tech Hldgs's substantial trades, within a strike price spectrum from $85.0 to $120.0 over the preceding 30 days.</p>
<h3>Seagate Tech Hldgs Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723734158_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.1</td>
<td>$3.6</td>
<td>$4.1</td>
<td>$120.00</td>
<td>$472.6K</td>
<td style="text-align: right;">1</td>
<td>2.7K</td>
</tr>
<tr>
<td>STX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$4.1</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$120.00</td>
<td>$371.6K</td>
<td style="text-align: right;">1</td>
<td>1.6K</td>
</tr>
<tr>
<td>STX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$3.8</td>
<td>$3.5</td>
<td>$3.8</td>
<td>$120.00</td>
<td>$239.4K</td>
<td style="text-align: right;">1</td>
<td>0</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.2</td>
<td>$4.1</td>
<td>$4.2</td>
<td>$97.50</td>
<td>$236.4K</td>
<td style="text-align: right;">50</td>
<td>563</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.4</td>
<td>$4.1</td>
<td>$4.3</td>
<td>$97.50</td>
<td>$144.9K</td>
<td style="text-align: right;">50</td>
<td>1.3K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Seagate Tech Hldgs</h3>
<p>Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.</p>
<p>In light of the recent options history for Seagate Tech Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Seagate Tech Hldgs</h3>
<ul>
<li>Currently trading with a volume of 632,387, the STX's price is up by 2.37%, now at $99.36. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 70 days.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Seagate Tech Hldgs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


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Analyst Erik Woodring from Morgan Stanley maintained a Buy rating on Seagate Tech (STX – Research Report) and keeping the price target at $133.00. ...

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Seagate Tech Hldgs

Seagate Tech Hldgs (STX) Options

Seagate Tech Hldgs (NASDAQ:STX) Stock, Chaîne d'Options

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