Seagate Technology (NASDAQ:STX) Trading 5.9% Higher – Should You Buy?

Seagate Technology Holdings PLC (NASDAQ:STX) rose 5.9% during mid-day trading on Monday . The company traded as high as $886.89 and last traded at $868.26. 3,427,903 shares were traded during mid-day trading, a decline of 19% from the average session volume of 4,243,452 shares. The stock had previously closed at $820.16.

Seagate Technology News Roundup

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Seagate was highlighted as a top momentum name for July, with articles noting its strong one-year gains, earnings surprises, and growth expectations. Micron & 2 Momentum Stocks to Buy in July for Explosive Upside
• Positive Sentiment: Another market piece argued that Seagate’s massive run is not over, pointing to the ongoing hyperscaler storage cycle and AI infrastructure demand as key drivers. Seagate’s 485% Run Isn’t Over and Our Target Proves It
• Positive Sentiment: Seagate was also included in a list of stocks that may beat estimates again, reinforcing expectations for another strong quarterly report. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Sentiment around the AI hardware and memory supply chain remained constructive, with commentary saying tight supply and margin gains at Seagate, Micron, and Western Digital could support pricing and earnings. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (STX)
• Neutral Sentiment: Susquehanna raised its price target on Seagate from $615 to $775 but kept a neutral rating, suggesting the stock has already run far enough that some upside may be priced in. Benzinga report on Susquehanna price target increase
• Neutral Sentiment: Valuation-focused coverage noted that Seagate trades at a premium after a long rally, even while AI demand could still support further gains. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value
• Negative Sentiment: The only clearly cautionary note was Susquehanna’s neutral stance and reduced upside relative to the current price, which could limit near-term enthusiasm after the stock’s steep run. Benzinga report on Susquehanna price target increase

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. TD Cowen increased their target price on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Evercore increased their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Loop Capital raised their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $886.92.

Seagate Technology Stock Up 3.9%

The firm has a market capitalization of $192.84 billion, a P/E ratio of 81.60 and a beta of 2.04. The firm’s 50 day moving average is $863.76 and its two-hundred day moving average is $560.15. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the firm posted $1.90 earnings per share. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th were issued a dividend of $0.74 per share. The ex-dividend date was Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Insiders Place Their Bets

In other news, EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares in the company, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the transaction, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,069 shares of company stock worth $126,191,753 in the last three months. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the last quarter. WealthCollab LLC grew its stake in Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after buying an additional 20 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Seagate Technology in the 1st quarter valued at about $39,000. Finally, Armstrong Advisory Group Inc. bought a new position in Seagate Technology in the 4th quarter valued at about $28,000. 92.87% of the stock is owned by institutional investors.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.