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Seagate Technology plc (NASDAQ: STX) – Is this large market cap stock undervalued?

Seagate Technology plc (NASDAQ: STX), is firmly in the large market cap category with market cap of 10933.83. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Seagate Technology plc is 36.39 (with a change from open of 0.92%), this in conjunction with a target price of 33.18. Volume today has so far reached 2290192, with an average volume of about 5622.38. The GAP for this stock, is -0.93%.

The P/E ratio is 44.17, bringing the forward P/E to a value of 11.22. The current EPS for Seagate Technology plc, is 0.82, with a EPS growth for this year coming to a value of -84.40%. Performance has been interesting with performance year to date coming to 4.56%.

Looking further into the growth statistics for Seagate Technology plc, EPS is looking like it will grow 7.46% in the next year. Looking even further it is projected to be 2.00%. Quarter over quarter is -45.00% for EPS growth and for sales growth quarter over quarter it is -9.40%. Looking at past EPS growth statistics we see that for the past five years it has been -5.60%. Sales growth for the past five years has in fact been 0.30%.

Looking at the ownership, we see that the insider ownership is at 0.10% and institutional ownership is 89.10%. Shares outstanding is 300.38, while shares float is at a value of 297.92. Float short for Seagate Technology plc is 11.77% and the short ratio is 6.24.

In terms of debt, long term debt/equity is 2.59, while the total debt/equity comes to 0. The ability to meet these debts, means that the current ratio is 1.6, and the quick ratio is 1.2. The most recent gross margin is 23.40% and their operating margin is 4.00%. The profit margin is 2.20%.

Seagate Technology plc has seen returns on assets of 2.90%, and on investment, 7.30%. Return on equity is 14.10%. Price/Earnings to growth ratio is 22.09. Price/Sales ratio is at a value of 0.98, with Price/book ratio coming to 6.77 and Price/cash is 9.67, and finally Price/Free cash Flow is 29.87.

The simple moving averages are 12.88% and 24.79% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -21.35% and the 52 week low is 97.56%.

Seagate Technology plc has a dividend yield of 6.92%, with a current price of 36.39. The ability to pay this means the payout ratio is 292.60%. This is in an industry, Data Storage Devices, with equally high dividends from other companies in this sector, which it is Technology. Seagate Technology plc is based in Ireland.

Performance in the Data Storage Devices industry means that Seagate Technology plc has seen performance for the past week of 0.86%, with performance for the month coming to 14.54%. Looking at the data for the quarter it is at a value of 56.76%, and for the half year the performance is -18.46%. Volatility for this week is 3.19% and for the month this is 2.85%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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