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 0.7%. By the end of trading, Seagate Technology rose $1.41 (2.5%) to $56.82 on average volume. Throughout the day, 3,044,798 shares of Seagate Technology exchanged hands as compared to its average daily volume of 3,493,000 shares. The stock ranged in a price between $55.31-$57.14 after having opened the day at $55.61 as compared to the previous trading day's close of $55.41. Other companies within the Technology sector that increased today were: FireEye ( FEYE), up 38.6%, SemiLEDs ( LEDS), up 25.0%, Pixelworks ( PXLW), up 22.0% and China Finance Online ( JRJC), up 17.7%.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products. Seagate Technology has a market cap of $18.3 billion and is part of the computer hardware industry. Shares are down 1.3% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Seagate Technology a buy, 1 analyst rates 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.