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By The Online Investor Staff, updated Sat., Apr. 25, 5:41 PM

Slide #3. Seagate Technology plc

Company: Seagate Technology plc (NASDAQ:STX)
$Amount Authorized: $2,500,000,000
Buyback Details: Seagate Technology plc (NASDAQ:STX) (the "Company" or "Seagate") today announced that its Board of Directors has authorized the Company to repurchase up to $2.5 billion of its outstanding ordinary shares (the "April 2015 Authorization"). As a result of the April 2015 Authorization, Seagate currently has an aggregate authority to repurchase approximately $3.1 billion of its ordinary shares. Share repurchases under the April 2015 Authorization may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, or by any combination of such methods. The timing and actual number of shares repurchased will depend on a variety of factors including the ordinary share price, corporate and regulatory requirements and other market and economic conditions. The share repurchase authorization may be suspended or discontinued at any time.

Seagate Technology is a provider of electronic data storage solutions. Co.'s principal products are hard disk drives (HDDs). Hard disk drives are devices that store digitally encoded data on rotating disks with magnetic surfaces. Co. also produces a range of electronic data storage products including solid state hybrid drives and solid state drives. Co.'s products are designed for a variety of end user devices such as digital video recorders and personal data backup systems. In addition to its data storage products and subsystems, Co. provides data storage services for small to medium-sized businesses, including online backup, data protection and recovery solutions.
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Company Name:  Seagate Technology Plc
Stock buyback:  STX buyback
Sector:  Computer Peripherals
Number of ETFs Holding STX:  53
Total Market Value Held by ETFs:  $892.77M
Total Market Capitalization:  $19.12B
% of Market Cap. Held by ETFs:  4.67%

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April 25, 2015    5:41 PM Eastern
Quotes delayed 20 minutes

Buy (3.03 out of 4)
50th percentile
(ranked higher than approx. 50% of all stocks covered)
Based on Zacks ABR data;
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