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Singapore-based Seagate Technology Holdings plc (STX) engages in the provisioning of data storage technology and infrastructure solutions in Singapore, the U.S., and internationally. With a market cap of $32.8 billion, Seagate operates as one of the largest manufacturers of hard disk drives (HDDs) in the world.
The HDD and SSD maker has significantly outperformed the broader market over the past year. STX stock has soared more than 55% over the past 52 weeks and 78.9% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 16.4% gains over the past year and 9.7% returns on a YTD basis.