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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Seagate Technology ( STX) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.1%. By the end of trading, Seagate Technology rose $1.25 (2.8%) to $45.95 on average volume. Throughout the day, 4,202,718 shares of Seagate Technology exchanged hands as compared to its average daily volume of 3,518,700 shares. The stock ranged in a price between $44.54-$46.00 after having opened the day at $44.95 as compared to the previous trading day's close of $44.70. Other companies within the Technology sector that increased today were: CSR ( CSRE), up 196.4%, Aehr Test Systems ( AEHR), up 36.0%, eLong ( LONG), up 20.5% and Sky-mobi ( MOBI), up 20.3%.

Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products. Seagate Technology has a market cap of $14.9 billion and is part of the computer hardware industry. Shares are up 37.4% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Seagate Technology a buy, 3 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Friendfinder Networks ( FFN), down 93.0%, Alteva ( ALTV), down 34.5%, Alvarion ( ALVR), down 13.5% and LookSmart ( LOOK), down 11.8% , were all laggards within the technology sector with Maxim Integrated Products ( MXIM) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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