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Sushree Mohanty

Is Seagate Stock a Buy Now After the Company Announced Plans to Acquire Intevac?

Seagate Intevac Krish Sankar

Seagate Technology (STX) is a major player in the data storage industry, known for its innovations in hard disk drives (HDDs) and, more recently, its advancements in solid-state drives (SSDs).

On Feb. 13, the company announced its intention to acquire Intevac (IVAC), a provider of thin-film processing systems. Analysts have taken note of this acquisition and how it could improve the company’s production capabilities and market position, projecting as much as 55% upside potential for STX stock.

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Top stories on inkl right now

Four Things We Learned From USMNT’s Perfect World Cup Response

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The Stars and Stripes cruised to four wins during the fall international break.

Sports Illustrated

Judge orders officials to preserve all evidence tied to Christa Pike’s botched execution

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Judge tells Tennessee officials all items in execution room must be saved as Pike remains restrained in hospital bed

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Appeals court reverses convictions in kidnapping and terrorism case involving 3-year-old boy's death

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The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

National Guard Troops Took Larger Role in California Immigration Raid Than Previously Known: Report

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