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Stock Comparison · Structural lead, mixed market

Nordic Semiconductor A vs Seagate Technology Holdings: Which Stock Looks Stronger in 2026?

Seagate Technology leads structurally, with profitability as the clearest single gap between the two profiles. Nordic Semiconductor ASA does not offset that deficit through any equally strong structural edge elsewhere. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (NOD.OL: STOXX 600, STX: S&P 500).

Updated 2026-05-17

Most of the separation is still concentrated in profitability. Seagate Technology Holdings plc leads by 22 points on the overall comparison score.

Trajectory Similarity
0.64
Moderately similar
Peer-set rank: #4
within Nordic Semiconductor ASA's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The match is driven mainly by revenue growth trajectory and capital structure.

Similarity drivers
revenue growth trajectorycapital structure
What reduces the match
margin trend
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
NOD.OL
Nordic Semiconductor ASA
30
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
STX
Seagate Technology Holdings plc
52
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: NOD.OL vs STX Profitability 18 86 Stability 45 40 Valuation 14 22 Growth 56 61 NOD.OL STX
Gap Ranking
#1 Profitability +68
#2 Valuation +8
#3 Growth +5
#4 Stability +5
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NOD.OL and STX Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NOD.OLSTX Relative valuation Structural strength

The setup is mixed: neither company clearly combines the stronger profile with the more supportive price setup.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NOD.OL and STX each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NOD.OL Elevated · above norm 0th 50th 100th 17 pct gap STX Elevated · above norm 0th 50th 100th 82nd 99th
Today NOD.OL sits in the upper portion of its own 5-year history (82nd percentile), while STX sits higher in its own history (99th). Within each stock's own 5-year context, NOD.OL is at a historically more favourable entry position than STX. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
On profitability, Seagate Technology Holdings plc ranks near the top of the group; Nordic Semiconductor ASA sits in the weaker half.
Valuation
Neither side looks especially strong on valuation, though Nordic Semiconductor ASA still ranks somewhat higher.
Profitability — Dominant Gap
NOD.OL
18
STX
86
Gap+68in favour of STX

The profitability lead is mainly driven by a 30-point operating margin advantage.

What else supports the lead

Seagate Technology Holdings plc also shows lower market-fundamental divergence, which makes the lead look less detached from the underlying business picture.

What this means for the comparison

Profitability is the clearest single gap, but the broader lead is not limited to that alone.

Explore full peer positioning in AssetNext

Break down the NOD.OL vs STX comparison across all dimensions with the full interactive tool.

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Similar profitability-driven comparisons

Explore how NOD.OL and STX each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.