Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-eight research firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and twenty-three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $1,000.88.
Several equities research analysts have recently issued reports on the company. TD Cowen decreased their price objective on Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Argus upped their target price on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Evercore reiterated an “outperform” rating on shares of Seagate Technology in a research report on Wednesday, October 28th. Weiss Ratings lowered Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, November 2nd. Finally, Susquehanna decreased their price target on Seagate Technology from $925.00 to $765.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 28th.
Seagate Technology Stock Performance
Shares of NASDAQ STX opened at $545.14 on Friday. The company has a 50-day simple moving average of $746.01 and a 200-day simple moving average of $697.37. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.25. The company has a market cap of $125.14 billion, a PE ratio of 28.09 and a beta of 2.16. Seagate Technology has a 12 month low of $228.61 and a 12 month high of $1,145.00.
Seagate Technology (NASDAQ:STX – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.44 by $0.24. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $2.61 earnings per share. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. On average, equities analysts anticipate that Seagate Technology will post 37.96 earnings per share for the current year.
Seagate Technology Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 23rd. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. Seagate Technology’s payout ratio is currently 15.55%.
Insider Activity at Seagate Technology
In related news, CEO William D. Mosley sold 97,889 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total value of $75,584,012.46. Following the sale, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the sale, the executive vice president owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. The trade was a 90.08% 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. In the last 90 days, insiders have sold 439,747 shares of company stock valued at $349,271,735. Insiders own 0.51% of the company’s stock.
Institutional Investors Weigh In On Seagate Technology
Institutional investors have recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC increased its position in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares in the last quarter. Signature Equity Partners LLC raised its stake in shares of Seagate Technology by 383.3% in the 3rd quarter. Signature Equity Partners LLC now owns 29 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 23 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Seagate Technology during the 2nd quarter valued at $39,000. One River Asset Management LLC increased its holdings in Seagate Technology by 50.0% in the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 15 shares in the last quarter. Finally, Creative Capital Management Investments LLC increased its holdings in Seagate Technology by 104.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.
Key Stories Impacting Seagate Technology
Here are a few of the latest stories about STX:
- Positive Sentiment: CoreWeave beat expectations and raised its 2026 guidance, reviving confidence that AI data-center construction will sustain demand for Seagate’s nearline storage products. Seagate Stocks Jump as CoreWeave Results Revive Nearline Storage Demand
- Positive Sentiment: A Morgan Stanley analysis points to potential recovery upside, citing the gap between Seagate’s strong sales growth and its recent share-price decline. Morgan Stanley Sees Potential Rebound
- Negative Sentiment: The rally follows a sharp multi-month selloff, and investors remain divided on whether the AI-related bounce can last; its durability may depend on how data-center investment is financed. Storage Stocks Rebound as CoreWeave Revives AI Trade
Seagate Technology Company Profile
Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.
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