Clay Northam Wealth Management LLC Acquires New Shares in Seagate Technology Holdings PLC $STX

Clay Northam Wealth Management LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,549 shares of the data storage provider’s stock, valued at approximately $224,000.

Other institutional investors also recently bought and sold shares of the company. Spirepoint Private Client LLC purchased a new position in Seagate Technology in the second quarter worth about $207,000. ORG Wealth Partners LLC boosted its position in Seagate Technology by 207.2% in the second quarter. ORG Wealth Partners LLC now owns 725 shares of the data storage provider’s stock worth $105,000 after purchasing an additional 489 shares during the last quarter. Meridian Investment Counsel Inc. purchased a new position in Seagate Technology in the second quarter worth about $327,000. Old Port Advisors boosted its position in Seagate Technology by 0.3% in the second quarter. Old Port Advisors now owns 35,658 shares of the data storage provider’s stock worth $5,147,000 after purchasing an additional 123 shares during the last quarter. Finally, CX Institutional boosted its position in Seagate Technology by 66.2% in the second quarter. CX Institutional now owns 2,210 shares of the data storage provider’s stock worth $319,000 after purchasing an additional 880 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other news, Director Jay L. Geldmacher sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the sale, the director owned 352 shares in the company, valued at $52,976. This represents a 87.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ban Seng Teh sold 3,732 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $193.30, for a total value of $721,395.60. Following the completion of the sale, the executive vice president owned 4,172 shares in the company, valued at $806,447.60. The trade was a 47.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,935 shares of company stock worth $12,289,616. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Down 1.1%

Shares of NASDAQ STX opened at $217.51 on Friday. The firm has a market cap of $46.32 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $231.96. The business has a fifty day simple moving average of $174.24 and a two-hundred day simple moving average of $130.52.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 30th. Seagate Technology’s payout ratio is presently 42.54%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STX. Robert W. Baird raised their target price on Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Morgan Stanley raised their target price on Seagate Technology from $167.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Cantor Fitzgerald raised their target price on Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. UBS Group raised their price objective on Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company raised their price objective on Seagate Technology from $122.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.58.

Seagate Technology Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.