Seagate Technology Holdings PLC (NASDAQ:STX) Receives $792.46 Average Target Price from Brokerages

Seagate Technology Holdings PLC (NASDAQ:STX) has been assigned a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $831.7917.

STX has been the topic of several research analyst reports. Bank of America upped their price objective on Seagate Technology from $900.00 to $1,000.00 in a research note on Monday, June 8th. Loop Capital upped their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Rosenblatt Securities upped their price objective on Seagate Technology from $500.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley upped their price objective on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Evercore upped their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $1,018.80 on Thursday. Seagate Technology has a twelve month low of $127.61 and a twelve month high of $1,032.52. The stock’s 50 day moving average price is $721.33 and its 200-day moving average price is $482.71. The company has a market capitalization of $228.45 billion, a PE ratio of 96.66 and a beta of 2.04. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the business earned $1.90 EPS. The company’s 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. On average, equities analysts anticipate that Seagate Technology will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s dividend payout ratio is presently 28.08%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 5,626 shares of the stock in a transaction 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 sale, the executive vice president owned 11,954 shares in the company, valued at $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 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 sale, the chief executive officer owned 339,591 shares in the company, valued at approximately $255,131,322.39. This represents a 8.12% decrease in their position. 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 have sold a total of 165,653 shares of company stock worth $117,161,746 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC lifted its position in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares in the last quarter. Rakuten Securities Inc. lifted 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. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology during the fourth quarter worth $28,000. Avion Wealth lifted its position in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Seagate Technology during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Morgan Stanley raised its price target on Seagate Technology (STX) to $1,035 from $767 and reiterated an Overweight rating, citing improving HDD pricing and expectations that supply shortages could last through at least 2028. Benzinga reference
• Positive Sentiment: Several market reports highlighted Seagate as a beneficiary of stronger AI/data-center storage demand, with tech and memory stocks broadly gaining on optimism around the sector. Yahoo Finance reference
• Positive Sentiment: Seagate also received fresh support from “growth stock” and “AI memory/storage” articles that framed STX as an attractive way to play tightening supply and rising infrastructure spending. Zacks reference
• Neutral Sentiment: Seagate disclosed multiple insider sales on June 12, including CEO William D. Mosley and executives Gianluca Romano, Ban Seng Teh, and John Christopher Morris. The sales were sizable in dollar terms, but several were made under pre-arranged trading plans and do not necessarily signal a change in fundamentals.
• Neutral Sentiment: Seagate redeemed its 3.50% exchangeable senior notes due 2028, removing roughly $150.7 million of debt and improving balance-sheet flexibility. Yahoo Finance reference

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.