Últimas noticias sobre Seagate Tech Hldgs (NASDAQ:STX) Bolsa

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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Following China's DeepSeek impact — an artificial intelligence model that could compete with Western models on capabilities and at a much lower cost — <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43289107/will-deepseek-hurt-magnificent-7-stocks-valuation">worries abounded regarding </a>its potential negative effect on the tech ecosystem. However, Palantir Technologies Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) <a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43463909/palantir-stock-is-surging-tuesday-whats-going-on">gangbusters earnings report</a> helped to recalibrate the compass. Still, rather than chasing the hottest hand of the moment, thinking investors may consider a less-heralded opportunity with Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>).
Let's be real here — Seagate is unlikely to generate the buzz of a Palantir or an Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in terms of AI relevance. Nevertheless, Seagate plays a critical role in machine intelligence by supplying high-capacity storage solutions that power AI workloads. Obviously, deep learning and other advanced models require enormous amounts of data and Seagate provides the drives that store and process this data efficiently.
Regarding STX stock, Palantir's individual metrics — such as blowing past revenue and earnings targets — don't mean much. Rather, it's the <a href="https://www.benzinga.com/news/earnings/earnings-beats/25/02/43468342/palantir-rockets-on-strong-q4-2024-was-only-a-dress-rehearsal-for-ai-growth-says-analyst">broader implications</a> for the innovation industry that matters. BofA Securities analyst Mariana Perez Mora stated that Palantir's disclosure revealed that "2024 was only a dress rehearsal." Mora further emphasized that "the company sees the world ripe for an AI and technology revolution."
By logical deduction, an AI and tech revolution would lead to more data processing and storage requirements — and that plays right into Seagate's hands.
<h2 class="wp-block-heading">Statistical Trends Favor a Bullish Outlook on STX Stock</h2>
Another element beyond the enticing fundamentals that favor a bullish outlook on STX stock is its statistical trends. Over the long run, the U.S. stock market features an <a href="https://www.benzinga.com/23/06/33061931/avoid-the-timing-trap-embrace-a-diversified-long-term-strategy">upward bias</a>. As a rule of thumb, investors will do well to consider individual names that also tend to rise over time. That's exactly the case with STX.
Over the past five years, against a stochastic view — that is, incorporating no other context aside from the temporal — the security has a 55.85% chance that a position entered at the beginning of the week will rise by the end of it. Extend this time period to four weeks and the upward bias only diminishes slightly to 54.2%.
In terms of magnitude of results, positive four-week periods feature a median return of 6.96% while negative periods incur a median loss of 6.59%.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit-1024x576.jpg" alt="" class="wp-image-765562" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
However, the market can respond more vigorously based on unusual fluctuations of the fear-greed continuum. Last week, STX suffered a loss of 8.32%. That's aberrant because over the past five years, the median loss under negative weeks sits at only 3.41%.
It's worth noting that under dynamic conditions — in this case, following an extreme-fear event involving a one-week loss between 5% and 10% — the responding long odds improve over the stochastic framework. By the end of the fourth subsequent week following unusual volatility, STX has a 60.71% chance of rising. The median return under positive outcomes is 6.32%, while the median loss under negative scenarios is 3.58%.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43474912/coffee-prices-soar-over-100-near-historic-rally-as-inflation-percolates-through-supply-chain">Coffee Prices Soar Over 100%, Near Historic Rally As Inflation Percolates Through Supply Chain</a>
<h2 class="wp-block-heading">Plotting an Effective Options Strategy</h2>
To be honest, the idea of generating returns of a few percentage points here or there isn't exactly enticing. However, with the power of multi-leg options strategies, the leverage can be enhanced significantly. One problem, though, is <a href="https://www.benzinga.com/money/how-to-research-and-choose-etfs">paralysis by analysis</a>. Just how does one go about selecting an appropriate strategy?
With the market intelligence above, this process is much simpler. By the options chain expiring Feb. 28 (four weeks following last week's extreme-fear event), there is a solid chance that under dynamic conditions, STX may rise to $102.45 or fall to $92.91. As such, an aggressive investor may consider the 95/102 <a href="https://www.benzinga.com/money/bull-spread">bull call spread</a>.
Under the bull spread, an investor buys a call option (the $95 call in the above case) and simultaneously sells a call (the $102 call). The credit received from the sale of the short call (which is $85 at time of writing) partially offsets the debit paid for the long call (which is $330 at this moment). Therefore, the net debit paid is $245, which also represents the most that can be lost in the trade.
Should STX stock rise to $102 or above, the trader picks up the maximum reward, which is represented by the difference between the strike prices (assuming the options multiplier of 100 shares per every option contract) minus the net debit paid. This comes out to $455 or a payout of 185.71%.
What's more, the long call of $95 provides some downside protection. Should the trade go awry, traders may be able to salvage some value out of the bull spread, so long as STX stock doesn't fall below $95. Less-aggressive investors may choose to consider lower long strikes (as well as short strikes) to improve the odds of success. However, such approaches will usually accompany a greater cash outlay and/or a lesser payout.
Read Next:
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Photo: JHVEPhoto/Shutterstock.com

Earnings Beats

Long Ideas

Options

$STX

NVDA

PLTR

Options Corner: Seagate Technology Delivers An Unheralded Opportunity Amid AI Resurgence

Investors with a lot of money to spend have taken a bearish stance on Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
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.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Seagate Tech Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 45%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $828,491, and 2 are calls, for a total amount of $80,000.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $100.0 for Seagate Tech Hldgs during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
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 $100.0 over the preceding 30 days.
<h3>Seagate Tech Hldgs 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738602925_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.2</td>
<td>$11.1</td>
<td>$11.2</td>
<td>$100.00</td>
<td>$243.2K</td>
<td>5.1K</td>
<td>0</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$13.3</td>
<td>$13.0</td>
<td>$13.2</td>
<td>$100.00</td>
<td>$132.0K</td>
<td>202</td>
<td>200</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$13.4</td>
<td>$12.9</td>
<td>$13.13</td>
<td>$100.00</td>
<td>$131.3K</td>
<td>202</td>
<td>100</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.4</td>
<td>$11.0</td>
<td>$11.1</td>
<td>$100.00</td>
<td>$73.2K</td>
<td>5.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.1</td>
<td>$11.0</td>
<td>$11.1</td>
<td>$100.00</td>
<td>$64.3K</td>
<td>5.1K</td>
<td>528</td>
</tr>
</tbody>
</table>

<h3>About Seagate Tech Hldgs</h3>
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.
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.
<h3>Seagate Tech Hldgs's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,150,300, with STX's price down by -1.88%, positioned at $94.55.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What Analysts Are Saying About Seagate Tech Hldgs</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $118.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Seagate Tech Hldgs with a target price of $134. 
&#x2A; An analyst from Susquehanna has decided to maintain their Negative rating on Seagate Tech Hldgs, which currently sits at a price target of $68. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Seagate Tech Hldgs with a target price of $150. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Seagate Tech Hldgs, maintaining a target price of $110. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Seagate Tech Hldgs, targeting a price of $129. 
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.
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.

Markets

What the Options Market Tells Us About Seagate Tech Hldgs

IT hardware stocks have dropped <a href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more">following the DeepSeek news</a>.
Despite the plunge, BofA Securities analyst Wamsi Mohan likes stocks such as Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) for various idiosyncratic reasons.
The analyst focused largely on non-AI-themed stocks that have specific catalysts.
Corning: The analyst noted that Corning's key drivers include a cyclical recovery in its optical business, growth in Lumen/BEAD programs, solar opportunities, stable display profitability and its <a href="https://www.benzinga.com/quote/GLW/analyst-ratings">upcoming Investor Day on March 18.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/25/01/43215631/amazon-prime-video-shifts-focus-to-live-sports-looks-to-become-profitable-by-end-of-2025" target="_blank" rel="noreferrer noopener">Amazon Prime Video Shifts Focus To Live Sports, Looks To Become Profitable By End Of 2025</a>
Hewlett Packard: The company's key drivers are the Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) acquisition and synergies, IT spending recovery and cost-cutting initiatives, with AI server exposure <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">not factored into the valuation.</a>
The analyst anticipates Hewlett Packard will experience a pro-forma EPS increase of 8% for 2026, excluding synergies, and 18% with $350 million in cost synergies.
Western Digital: The company's key driver is the upcoming spin-off, which is expected to unlock value <a href="https://www.benzinga.com/quote/WDC/analyst-ratings">between $5-$10 billion</a>.
Seagate Technology: The firm's key drivers include the ramp-up of HAMR, higher gross margins from high-capacity drives, and sustained data center spending.
Apple: The tech behemoth's key drivers include the iPhone SE launch, insourcing the modem for higher margins, WWDC with AI use cases, <a href="https://www.benzinga.com/quote/STX/analyst-ratings">and iPhone 17 in Sept 2025.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43153571/openais-sam-altman-flip-flops-on-trump-as-500-billion-stargate-ai-project-is-announced-years-after-praising-reid-hoffman-for-stopping-his-re-election" target="_blank" rel="noreferrer noopener">OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says ‘I Wish I Had Done More Of My Own Thinking'</a></li>
</ul>
Photo: Shutterstock

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DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants

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ASML

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Shares of tech and AI stocks are trading lower amid AI competition concerns from China's DeepSeek.

Cantor Fitzgerald analyst C.J. Muse expressed views on Seagate Technology Holdings PLC&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) second-quarter&nbsp;results while retaining a Neutral rating and<a target="_blank" href="https://www.benzinga.com/quote/stx/analyst-ratings" rel="noreferrer noopener"> a price target of $120</a>.
Yesterday, the company reported&nbsp;second-quarter&nbsp;FY25 revenue of&nbsp;$2.33 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43113660/seagate-technology-reports-fiscal-second-quarter-2025-financial-results" rel="noreferrer noopener">beating the consensus.</a>
Seagate <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">expects&nbsp;third-quarter</a>&nbsp;adjusted EPS of&nbsp;$1.70 at the midpoint, against the analyst&#8217;s previewed estimate of ~$1.60. It also expects revenue of&nbsp;$2.10&nbsp;billion at the midpoint versus the&nbsp;analyst&#8217;s previewed estimate of $2.10 billion.
The analyst says Seagate provided a better-than-expected report, with March quarter revenues down $200 million due to previously discussed supply chain issues.
Muse writes that while some investors fear a cyclical peak after six quarters of Nearline revenue recovery, management highlighted limited supply additions, build-to-order contracts, long lead times of up to 52 weeks, and strong AI-driven EB growth, supporting sustained demand.
The analyst notes that management remains highly optimistic about the HAMR ramp in the second half of FY25, expecting it to drive incremental share gains, higher drive density, and improved gross margins.
The analyst raised the CY25 EPS estimate to $8.85 (from $8.60; vs. consensus of $8.06) and reiterated the CY26 EPS estimate at $11.00 (vs. street view of $9.82).
Investors can gain exposure to the stock via&nbsp;StockSnips AI-Powered Sentiment US All Cap ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWZ#NASDAQ">NEWZ</a>) and&nbsp;Affinity World Leaders Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WLDR#BATS">WLDR</a>).
Price Action: STX shares are up 7.97% at $109.32  at the last check Wednesday.
Read Next:
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</ul>
Photo via Shutterstock.

Large Cap

Price Target

Reiteration

NEWZ

WLDR

Seagate Reports Solid Q2, Analyst Optimistic About Advanced HAMR Technology Impact In 2025

Tech stocks enjoyed a surge Wednesday, driven by a sharp rise in semiconductor shares after President Donald Trump, OpenAI's Sam Altman, Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) co-founder Larry Ellison, and SoftBank CEO Masayoshi Son unveiled the <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/43135764/trumps-500-billion-stargate-ai-plan-puts-3-etfs-in-focus">Stargate Project on Tuesday</a>.
The $500 billion initiative is set to develop AI infrastructure in the U.S. over the next four years.
According to OpenAI, &#8220;this infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world.&#8221;
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) was up 2.3% by midday trading in New York, eyeing their fourth straight positive session, the longest streak since late September. 
Yet, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&#8217;s CEO Elon Musk questioned the financial viability, saying that founders &#8220;<a href="https://www.benzinga.com/markets/equities/25/01/43121798/elon-musk-says-project-stargate-doesnt-actually-have-the-money-after-trump-announces-500-billion-ai-investment-led-by-softbank-oracle-and-openai">don't actually have the money</a>.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They don't actually have the money
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1881923570458304780?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The earnings season continues to be off to a strong start, with companies surpassing fourth-quarter expectations, showcasing the resilience of corporate America. Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) delivered a stronger-than-expected quarterly performance across the board, driving its shares up 12%.
Elsewhere, small caps paused for a breather following Tuesday&#8217;s outperformance vis-à-vis large-cap counterparts. 
Chinese stocks slipped, with the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) down 0.8%, after Trump floated the idea of imposing a 10% tariff on China starting from Feb. 1.
In commodities, gold prices surged to an 11-week-high, marking their tenth gain in the past eleven sessions, as investors flocked to safe-haven assets amid rising geopolitical risks.
On Wednesday, Trump warned Russian President Vladimir Putin of potential new sanctions if a peace deal for Ukraine is not reached. Meanwhile, oil prices remained flat after three consecutive sessions of losses.
In the crypto market, selling pressure is mounting as traders react to the absence of crypto-related commentary from the new administration, which had previously positioned itself as crypto-friendly. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) retreated nearly 2% to $104,000.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,933.62</td>
<td>1.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,103.81</td>
<td>0.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,173.70</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,307.01</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012225&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.8% to $602.64.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.3% higher to $441.25.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.6% to $533.22.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% to $228.56.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) rallied, up 2.4%; the&nbsp;Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.6%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Oracle Corp. rallied 7% as reaction to the Stargate project. Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) was the chipmaker&#8217;s top performer on Wednesday, up 14%. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose over 4%. </li>
<li>Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) rose 2.8% in reaction to quarterly results beating Street&#8217;s estimates. </li>
<li>Other stocks reacting to company earnings include Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), up 8.8%, Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), up 2.6%, United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), down 2%, Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), up 9%, Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), down 1.3%, Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) down 3.4%, Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), up 2.2%, GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), up 2.2%, Amphenol Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>), up 6%, The Travelers Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) up 3.8%, Halliburton Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), down 1.3%, Ally Financials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>), up 4.5%. </li>
<li>Major large-cap companies slated to report earnings after the close include Kinder Morgan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>), Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) and Steel Dynamics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), </li>
</ul>
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Chipmakers Rally On AI Stargate Bet, Netflix Soars, Bitcoin Falters As Trump Keeps Quiet On Crypto: What's Driving Markets Wednesday?

Cantor Fitzgerald analyst Matthew Prisco reiterates Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Neutral and maintains $120 price target.

Cantor Fitzgerald Reiterates Neutral on Seagate Tech Hldgs, Maintains $120 Price Target

U.S. stocks were higher, with the Dow Jones index gaining over 100 points on Wednesday.
Shares of Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) rose sharply during Wednesday's session after the company reported second-quarter EPS and revenues <a href="https://www.benzinga.com/news/earnings/25/01/43127554/seagate-ramps-up-technology-for-ai-delivers-profitable-growth-in-q2">above analyst estimates</a>.
The company posted quarterly earnings of $2.03 per share which beat the analyst consensus estimate of $1.88 per share. The company reported quarterly sales of $2.33 billion which beat the analyst consensus estimate of $2.32 billion.
Seagate shares jumped 8.4% to $109.77 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) surged 17.7% to $3.6750.</li>
<li>Schrödinger, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDGR#NASDAQ">SDGR</a>) rose 17.6% to $25.08. Schrödinger reported inducement grants under Nasdaq Listing Rule 5635(c)(4).</li>
<li>Absci Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>) shares jumped 17.4% to $3.78 after Needham initiated coverage with a Buy rating and a $9 price target.</li>
<li>GRAIL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAL#NASDAQ">GRAL</a>) gained 16.1% to $21.47.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) gained 16% to $3.32 after the company issued a press release celebrating Stargate AI initiative.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) surged 15.8% to $179.81. Shares of AI tech companies traded higher after President Trump announced a $500 billion AI infrastructure investment called Project Stargate.</li>
<li>Cerence Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) rose 15.5% to $15.78. Needham analyst Quinn Bolton upgraded Cerence from Hold to Buy and announced a $16 price target.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) climbed 15.4% to $7.95.</li>
<li>Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) gained 13.7% to $989.14 as the company reported stronger-than-expected fourth-quarter financial results on Tuesday.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) rose 13% to $326.88.</li>
<li>Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) gained 10.6% to $278.97.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) rose 8.5% to $38.95. Moderna recently announced it is receiving ongoing support from the U.S. HHS to accelerate the development of its mRNA-based pandemic influenza vaccines.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) gained 7.8% to $119.79. Shares of AI tech companies traded higher after President Trump announced a $500 billion AI infrastructure investment called Project Stargate.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) rose 6.8% to $94.79.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) surged 5.7% to $252.79 after the company reported better-than-expected quarterly financial results.</li>
<li>Teledyne Technologies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) gained 4.8% to $503.92 following upbeat quarterly results.</li>
</ul>
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Seagate Posts Upbeat Earnings, Joins Netflix, Travelers, Teledyne Technologies And Other Big Stocks Moving Higher On Wednesday

UBS analyst Timothy Arcuri maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Neutral and raises the price target from $95 to $105.

UBS Maintains Neutral on Seagate Tech Hldgs, Raises Price Target to $105

Seagate Technology Holdings PLC&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>)&nbsp;shares are trading higher premarket on Wednesday. Yesterday, the company reported&nbsp;second-quarter&nbsp;FY25 revenue of&nbsp;$2.33 billion,&nbsp;beating<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43113660/seagate-technology-reports-fiscal-second-quarter-2025-financial-results" rel="noreferrer noopener"> the consensus of&nbsp;$1.56 billion</a>.
Adjusted gross margin rose to&nbsp;35.5%&nbsp;from&nbsp;23.6%&nbsp;a year ago quarter.
Adjusted operating margin escalated to 23.1% from 8.2% in the prior-year quarter. Adjusted EPS of $2.03 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">beat the consensus of $1.88</a>.
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In Q2, the company generated an operating cash flow of $221 million plus free cash flow of $150 million.
The company returned&nbsp;$148&nbsp;million&nbsp;to shareholders via its quarterly dividend. As of end of the second quarter, cash and cash equivalents totaled&nbsp;$1.2 billion.
Dividend: The board of directors declared a cash dividend of 72 cents per share. The dividend is payable on April 2, to shareholders of record as of March 19, 2025.
Outlook: Seagate expects third-quarter adjusted EPS of $1.70, against the consensus of $1.71. It also expects revenue of $2.1 billion versus the <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">$2.2 billion estimate</a>.
Seagate is &#8220;advancing&#8221; the company&#8217;s technology roadmap to meet customers&#8217; growing need for AI storage solutions, CEO Dave Mosley said.
&#8221;We began ramping HAMR-based Mozaic products to our lead cloud customer in the December quarter and are already sampling in capacities of up to 36 terabytes. Looking ahead, we believe Seagate is in a great position to deliver profitable growth in fiscal 2025,&#8221; he added.
Investors can gain exposure to the stock via&nbsp;StockSnips AI-Powered Sentiment US All Cap ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWZ#NASDAQ">NEWZ</a>) and&nbsp;Affinity World Leaders Equity ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/WLDR#BATS">WLDR</a>).
Price Action: STX shares are up 6.67% at $108 premarket at the last check Wednesday.
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Seagate Ramps Up Technology For AI, Delivers Profitable Growth In Q2

Susquehanna analyst Mehdi Hosseini maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Negative and raises the price target from $65 to $68.

Susquehanna Maintains Negative on Seagate Tech Hldgs, Raises Price Target to $68

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>B of A Securities raised the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $1,000 to $1,175. B of A Securities analyst Jessica Reif Ehrlich maintained a Buy rating. Netflix shares closed at $869.68 on Tuesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan increased 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) price target from $162 to $165. JP Morgan analyst Stephen Tusa maintained an Overweight rating. 3M shares closed at $146.89 on Tuesday. <a href="https://www.benzinga.com/quote/MMM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised the price target for Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) from $129 to $134. Morgan Stanley analyst Erik Woodring maintained an Overweight rating. Seagate shares closed at $101.25 on Tuesday. <a href="https://www.benzinga.com/quote/STX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut the price target for Fluence Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) from $22 to $15. Jefferies analyst Julien Dumoulin-Smith downgraded the stock from Buy to Hold. Fluence Energy shares closed at $14.41 on Tuesday. <a href="https://www.benzinga.com/quote/FLNC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Canaccord Genuity cut Cibus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBUS#NASDAQ">CBUS</a>) price target from $20 to $18. Canaccord Genuity analyst Austin Moeller maintained a Buy rating. Cibus shares settled at $2.34 on Tuesday. <a href="https://www.benzinga.com/quote/CBUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo raised The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) price target from $89 to $93. Wells Fargo analyst Michael Brown upgraded the stock from Equal-Weight to Overweight. Charles Schwab shares closed at $80.93 on Tuesday. <a href="https://www.benzinga.com/quote/SCHW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham increased AtriCure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRC#NASDAQ">ATRC</a>) price target from $40 to $51. Needham analyst Mike Matson maintained a Buy rating. AtriCure shares closed at $39.63 on Tuesday.  <a href="https://www.benzinga.com/quote/ATRC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital raised the price target for Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) from $255 to $280. Loop Capital analyst Chris Dankert upgraded the stock from Hold to Buy. Nordson shares settled at $220.18 on Tuesday. <a href="https://www.benzinga.com/quote/NDSN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) price target from $184 to $183. Barclays analyst Tim Long maintained an Underweight rating. Apple shares closed at $222.64 on Tuesday. <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. increased Avino Silver &amp; Gold Mines Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASM#NYSE">ASM</a>) price target from $1.8 to $1.9. HC Wainwright &amp; Co. analyst Heiko Ihle maintained a Buy rating. Avino Silver &amp; Gold Mines shares closed at $1.14 on Tuesday. <a href="https://www.benzinga.com/quote/ASM/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Apple To $183? Here Are 10 Top Analyst Forecasts For Wednesday

Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) reported better-than-expected second-quarter <a href="https://www.benzinga.com/quote/STX/earnings">earnings on Tuesday</a>.
The company posted quarterly earnings of $2.03 per share which beat the analyst consensus estimate of $1.88 per share. The company reported quarterly sales of $2.33 billion which beat the analyst consensus estimate of $2.32 billion.
&#8220;Seagate ended calendar 2024 on a strong note as we grew revenue, gross margin and non-GAAP EPS successively in each quarter of the year. Our results demonstrate structural improvements in the business and our focus on value capture in an improving demand environment, highlighted by decade-high gross margin performance exiting the December quarter,&#8221; said Dave Mosley, Seagate&#8217;s chief executive officer.
Seagate shares gained 3.7% to close at $101.25 on Tuesday.
These analysts made changes to their price targets on Seagate following earnings announcement.
<ul>
<li>Morgan Stanley analyst Erik Woodring maintained Seagate with an Overweight rating and raised the price target from $129 to $134.</li>
<li>Barclays analyst Tom O&#8217;Malley maintained the stock with an Equal-Weight rating and raised the price target from $95 to $105.</li>
<li>Northland Capital Markets analyst Gus Richard reiterated Seagate with an Outperform rating and raised the price target from $144 to $160.</li>
</ul>
Considering buying STX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="606" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152-1024x606.png" alt="" class="wp-image-744626" style="width:498px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152-1024x606.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152-300x178.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152-768x455.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152.png 1111w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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These Analysts Increase Their Forecasts On Seagate After Strong Q2 Earnings

Rosenblatt analyst Kevin Cassidy maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and raises the price target from $140 to $150.

Rosenblatt Maintains Buy on Seagate Tech Hldgs, Raises Price Target to $150

B of A Securities analyst Wamsi Mohan maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and raises the price target from $124 to $130.

B of A Securities Maintains Buy on Seagate Tech Hldgs, Raises Price Target to $130

Seagate Technology shares are trading higher after the company reported Q2 EPS and revenues above analyst estimates.

Citigroup analyst Asiya Merchant maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and raises the price target from $120 to $125.

Citigroup Maintains Buy on Seagate Tech Hldgs, Raises Price Target to $125

Northland Capital Markets analyst Gus Richard reiterates Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Outperform and raises the price target from $144 to $160.

Northland Capital Markets Reiterates Outperform on Seagate Tech Hldgs, Raises Price Target to $160

Barclays analyst Tom O'Malley maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Equal-Weight and raises the price target from $95 to $105.

Barclays Maintains Equal-Weight on Seagate Tech Hldgs, Raises Price Target to $105

<h3>Gainers</h3>
<ul>
<li>Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) shares increased by 16.9% to $1.38 during Wednesday's pre-market session. The company's market cap stands at $50.9 million. </li>
<li>Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) stock increased by 8.15% to $186.65. The market value of their outstanding shares is at $522.0 billion. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares moved upwards by 7.83% to $12.39. The market value of their outstanding shares is at $1.5 billion. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 7.42% to $2.75. The company's market cap stands at $4.9 million. </li>
<li>Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) stock increased by 7.2% to $108.55. The company's market cap stands at $22.9 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>MultiSensor AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSAI#NASDAQ">MSAI</a>) shares moved upwards by 6.93% to $1.85. The market value of their outstanding shares is at $59.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) stock fell 20.7% to $99.79 during Wednesday's pre-market session. The company's market cap stands at $2.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>VerifyMe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) stock declined by 9.0% to $2.73. The market value of their outstanding shares is at $28.6 million. </li>
<li>Alpha Modus Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMOD#NASDAQ">AMOD</a>) stock decreased by 8.17% to $1.8. The market value of their outstanding shares is at $23.7 million. </li>
<li>908 Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>) stock decreased by 7.6% to $2.8. The market value of their outstanding shares is at $97.5 million. </li>
<li>Neonode (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEON#NASDAQ">NEON</a>) shares decreased by 7.26% to $7.8. The market value of their outstanding shares is at $130.9 million. </li>
<li>SemiLEDs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEDS#NASDAQ">LEDS</a>) stock fell 6.86% to $1.63. The market value of their outstanding shares is at $11.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGYS

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MASS

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MSAI

NEON

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12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

Chips mixed as sector digests earnings, awaits results from Intel

The tech hardware market is booming in 2025, driven by smart city initiatives, IoT demand, and innovation in robotics, cloud, and edge computing, offering lucrative investment opportunities. Given these innovation trends, tech hardware stocks like NetApp (NTAP), Seagate Technology (STX), and Silicon Motion Technology (SIMO) could be smart choices this year. Read on... In today's technology-driven world, the rise of smart city initiatives and IoT-enabled infrastructure has significantly increased the demand for advanced hardware. This trend has fueled growth in hardware segments like SSDs, NAS, servers, and the chip industry.
As the sector continues to innovate, investors might consider fundamentally strong tech hardware stocks such as NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>), Seagate Technology Holdings plc (<a href="https://stocknews.com/stock/STX/">STX</a>), and Silicon Motion Technology Corporation (<a href="https://stocknews.com/stock/SIMO/">SIMO</a>), which offer promising prospects.
Ever-evolving hardware innovations are driving a surge in digital capabilities while advancing sustainable manufacturing practices, resonating with eco-conscious consumers. Meanwhile, increasing investments in hardware research and development make this sector both dynamic and lucrative. Hence, Gartner forecasts worldwide device spending to rise by <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025">9.5% in 2025</a>, reaching $805.72 billion.
Simultaneously, the rising demand for advanced hardware to support robotics, cloud, and edge computing continues to fuel growth in the tech hardware sector. As a result, the global IT hardware market is projected to reach <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market#:~:text=IT%20Hardware%20Market%20Research%20FAQs&amp;text=The%20Global%20IT%20Hardware%20Market,USD%20206.05%20billion%20by%202030.">$141.15 billion this year</a>, growing at a CAGR of 7.9%. Similarly, the global semiconductor market is expected to expand by <a href="https://www.idc.com/getdoc.jsp?containerId=prAP52837624">15% in 2025</a>, further solidifying the tech hardware sector's growth trajectory.
Considering these conducive trends, let's assess the fundamentals of the abovementioned tech hardware stocks.
NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>)
NTAP provides cloud-led and data-centric services to manage and share data on-premises and private and public clouds worldwide. It operates in two segments: Hybrid Cloud and Public Cloud. The company offers intelligent data management software and storage infrastructure solutions.
On December 1, 2024, NTAP announced the integration of its on-premises enterprise storage arrays with AWS Outposts, simplifying hybrid cloud deployments by enabling external block data volumes management via the AWS Management Console. The solution enhances resiliency, compliance, and infrastructure optimization for customers running enterprise applications and databases on Outposts.
On November 11, 2024, NTAP announced an expanded collaboration with Red Hat to enhance enterprise application development and management in virtual environments. This partnership integrates NTAP's intelligent data infrastructure with Red Hat OpenShift, offering customers improved flexibility and performance for managing virtualized environments and Kubernetes containerized workloads.
In terms of the trailing-12-month Return on Total Capital, NTAP's 26.75% is 753% higher than the 3.14% industry average. Similarly, its 12.78% trailing-12-month Return on Total Assets is 546.3% higher than the industry average of 1.98%. Its 0.72x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 14.8% higher than the industry average of 0.62x.
For the fiscal second quarter, which ended October 25, 2024, NTAP's net revenue increased 6.1% year-over-year to $1.66 billion. Its non-GAAP gross profit rose 6% from the year-ago value to $1.18 billion.
NTAP's non-GAAP income from operations grew 13.4% year-over-year to $475 million. In addition, the company's non-GAAP net income came in at $493 million or $1.87 per share, increases of 16% and 18.4% year-over-year, respectively.
Street expects NTAP's revenue for the quarter ending January 31, 2025, to increase 5.3% year-over-year to $1.63 billion. Its EPS for the quarter ending April 30, 2025, is expected to rise 10.4% year-over-year to $1.99. It surpassed the EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 39.6% to close the last trading session at $119.98.
NTAP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of B, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #19 out of 41 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry. It has an A grade for Quality and a B for Momentum. <a href="https://stocknews.com/stock/NTAP/">Click here</a> to see NTAP's Growth, Value, Stability, and Sentiment ratings.
Seagate Technology Holdings plc (<a href="https://stocknews.com/stock/STX/">STX</a>)
Based in Singapore, STX is engaged in providing data storage technology and infrastructure solutions globally. The company offers mass capacity storage products, including enterprise nearline HDDs, enterprise nearline SSDs, enterprise nearline systems, video and image HDDs, and network-attached storage drives.
In terms of the trailing-12-month asset turnover ratio, STX's 0.96x is 53.6% higher than the 0.62x industry average. Likewise, the stock's 14.37% trailing-12-month Return on Total Capital is 358.3% higher than the 3.14% industry average. Also, its 10.34% trailing-12-month Return on Total Assets is 422.6% higher than the industry average of 1.98%.
STX's revenues for the fiscal first quarter ending September 27, 2024, increased 49.1% from the previous year, reaching $2.17 billion. Similarly, its non-GAAP operating income was $403 million, compared to a non-GAAP operating loss of $129 million.
For the same quarter, its non-GAAP net income and non-GAAP EPS stood at $337 million and $1.58, respectively, compared to a non-GAAP net loss and loss per share of $46 million and $0.22.
For the quarter ended December 30, 2024, STX's revenue is expected to increase 49.1% year-over-year to $2.32 billion. Its EPS for the same quarter is expected to grow considerably year-over-year to $1.88. STX surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past nine months, the stock has gained 15.6% to close the last trading session at $96.22.
STX's strong fundamentals are reflected in its POWR Ratings. It has an A grade for Growth and a B for Momentum and Quality. Within the Technology – Hardware industry, it is ranked #22. To access the additional POWR Ratings of STX for Value, Stability, and Sentiment, <a href="https://stocknews.com/stock/STX/">click here</a>.
Silicon Motion Technology Corporation (<a href="https://stocknews.com/stock/SIMO/">SIMO</a>)
Based in Hong Kong, SIMO and its subsidiaries design, develop, and market NAND flash controllers for solid-state storage devices internationally. The company offers controllers for computing-grade SSDs, enterprise-grade SSDs, eMMC and UFS mobile embedded storage, flash memory cards and flash drives, and specialized SSDs.
On November 8, 2024, SIMO announced its collaboration with TOP-electronics to expand its market presence across the EMEA region. The partnership focuses on delivering Ferri embedded storage and display interface solutions for AI, AIoT, embedded, and automotive applications.
In terms of the trailing-12-month net income margin, SIMO's 10.90% is 186.5% higher than the 3.80% industry average. Its 10.97% trailing-12-month EBIT margin is 105.1% higher than the industry average of 5.35%. Moreover, its 0.81x trailing-12-month asset turnover ratio is 29.6% higher than the industry average of 0.62x.
In the fiscal third quarter that ended September 30, 2024, SIMO's net sales stood at $212.41 million, up 23.3% year-over-year, and non-GAAP gross profit rose 35.5% year-over-year to $99.33 million. For the same quarter, its non-GAAP net income and earnings per ADS increased 47.3% and 46% over the prior-year quarter to $31.02 million and $0.92, respectively.
Analysts expect SIMO's EPS for the quarter ending March 31, 2025, to increase 7% year-over-year to $0.69. Its revenue for fiscal 2024 is expected to increase 25.7% year-over-year to $803.40 million. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past three months, the stock has gained 8.2% to close the last trading session at $51.71.
SIMO's positive outlook is reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It is ranked #6 out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. It has an A grade for Value. To see SIMO's Growth, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/SIMO/">click here</a>.
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<hr />
NTAP shares were unchanged in after-hours trading Friday. Year-to-date, NTAP has gained 5.65%, versus a 1.96% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ntap-stx-simo-3-tech-hardware-stocks-quietly-innovating/>3 Tech Hardware Stocks Quietly Innovating</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Hardware Stocks Quietly Innovating

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