William John Sempolinski Makes New Investment in Seagate Technology Holdings PLC $STX

William John Sempolinski purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 675 shares of the data storage provider’s stock, valued at approximately $651,000.

Other hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Seagate Technology in the 2nd quarter valued at about $262,000. Cerity Partners LLC raised its position in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. raised its position in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after acquiring an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after acquiring an additional 462 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Activity

In related news, Director Yolanda Conyers sold 750 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $815.11, for a total transaction of $611,332.50. Following the sale, the director owned 3,351 shares in the company, valued at approximately $2,731,433.61. This represents a 18.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Lee sold 9,013 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $794.84, for a total value of $7,163,892.92. Following the transaction, the executive vice president directly owned 347 shares of the company’s stock, valued at $275,809.48. This trade represents a 96.29% 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. Over the last ninety days, insiders sold 191,765 shares of company stock worth $161,865,249. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Up 6.3%

STX stock opened at $849.28 on Friday. 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 market capitalization of $192.49 billion, a P/E ratio of 61.19 and a beta of 2.06. Seagate Technology Holdings PLC has a fifty-two week low of $183.02 and a fifty-two week high of $1,145.00. The business has a 50-day moving average of $851.92 and a 200-day moving average of $709.75.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a $0.74 dividend. The ex-dividend date of this dividend is Thursday, September 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 21.33%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment.
• Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation.

Analysts Set New Price Targets

STX has been the topic of several recent analyst reports. Wall Street Zen upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. China Renaissance raised their price target on Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Bank of America lifted their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Citigroup increased their target price on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Wedbush raised their target price on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

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.