Seagate Technology (NASDAQ:STX) Trading Up 1.7% – Should You Buy?

Seagate Technology Holdings PLC (NASDAQ:STX)’s stock price was up 1.7% on Tuesday . The stock traded as high as $885.00 and last traded at $845.35. 4,988,150 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 4,428,507 shares. The stock had previously closed at $831.06.

Seagate Technology News Summary

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

• Positive Sentiment: Analysts raised Seagate’s fair value estimate. Updated assumptions increased the estimate from $959.48 to $1,115.87, reflecting greater confidence in hard-disk-drive pricing power, AI-driven storage demand, margins and cash generation. Seagate Stock Fair Value Rises
• Positive Sentiment: STX remains on growth-stock lists tied to AI infrastructure. Seagate was included among highly ranked August growth ideas alongside Micron, Vertiv and others, as investors continue to focus on demand from data centers and artificial intelligence. Top-Ranked Growth Stocks for August
• Positive Sentiment: Recent operating results provide fundamental support. Seagate’s latest quarterly EPS of $5.71 exceeded the $5.10 consensus, while revenue of $3.63 billion rose 48.5% year over year and surpassed estimates. Management also issued quarterly EPS guidance of $7.10 to $7.50.
• Neutral Sentiment: Insider selling is a modest overhang but appears less significant. CEO William Mosley sold 30,000 shares and EVP John Christopher Morris sold 168 shares. All reported transactions were made under pre-arranged Rule 10b5-1 plans, limiting their usefulness as signals of current management sentiment. Seagate Insider Filing
• Negative Sentiment: Weak sector guidance is restraining the stock. Sandisk and Western Digital delivered results that beat estimates but failed to provide the exceptionally strong outlook investors expected. The disappointment triggered selling across memory and storage shares, including Seagate, Micron and SK Hynix. Sandisk Outlook Shook AI Memory Trade

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on STX shares. Mizuho lifted their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Melius Research started coverage on shares of Seagate Technology in a research note on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price on the stock. Fox Advisors downgraded shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. The Goldman Sachs Group increased their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology Stock Up 1.8%

The firm has a market capitalization of $191.26 billion, a price-to-earnings ratio of 61.45 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The stock has a fifty day moving average of $896.61 and a two-hundred day moving average of $640.99.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company posted $2.59 EPS. The business’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 33.08 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is currently 21.33%.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 8,003 shares of the firm’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 transaction of $6,540,691.84. Following the completion of the sale, the executive vice president owned 3,691 shares of the company’s stock, valued at $3,016,580.48. This trade represents a 68.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the transaction, the chief executive officer owned 339,591 shares in the company, valued at $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 149,638 shares of company stock valued at $126,692,095 in the last three months. 0.79% of the stock is owned by insiders.

Institutional Trading of Seagate Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its holdings in shares of Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Avion Wealth lifted its position in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares in the last quarter. Concord Wealth Partners bought a new stake in Seagate Technology during the 4th quarter worth approximately $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Company Profile

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.