Seagate Technology PLC (STX): Today's Featured Computer Hardware Winner

Seagate Technology was a winner within the computer hardware industry, rising $0.48 (1.1%) to $46.31 on light volume
By TheStreet Wire ,

Seagate Technology

(

STX

) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.5%. By the end of trading, Seagate Technology rose $0.48 (1.1%) to $46.31 on light volume. Throughout the day, 2,984,963 shares of Seagate Technology exchanged hands as compared to its average daily volume of 4,901,500 shares. The stock ranged in a price between $45.79-$46.50 after having opened the day at $46.37 as compared to the previous trading day's close of $45.83. Other companies within the Computer Hardware industry that increased today were:

Radcom

(

RDCM

), up 15.4%,

Dataram Corporation

(

DRAM

), up 13.9%,

Performance Technologies

(

PTIX

), up 7.0% and

Dot Hill Systems Corporation

(

HILL

), up 6.8%.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide. Seagate Technology has a market cap of $16.4 billion and is part of the technology sector. Shares are up 50.7% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Seagate Technology a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates

Seagate Technology

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Overland Storage

(

OVRL

), down 4.7%,

Hutchinson Technology

(

HTCH

), down 2.4%,

Lantronix

(

LTRX

), down 2.4% and

XRS

(

XRSC

), down 2.2%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider

iShares Dow Jones US Technology

(

IYW

) while those bearish on the computer hardware industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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