Seagate Technology (NASDAQ:STX) Announces Earnings Results

Seagate Technology (NASDAQ:STX) released its earnings results on Tuesday. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61, FiscalAI reports. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%. Seagate Technology updated its Q1 2027 guidance to 7.100-7.500 EPS.

Seagate Technology Price Performance

NASDAQ:STX traded down $69.69 during mid-day trading on Tuesday, hitting $747.30. 8,474,514 shares of the company’s stock traded hands, compared to its average volume of 4,345,973. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market cap of $167.57 billion, a PE ratio of 70.90 and a beta of 2.04. The firm’s 50 day simple moving average is $894.67 and its 200 day simple moving average is $615.89. Seagate Technology has a 1 year low of $138.30 and a 1 year high of $1,145.00.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Mizuho increased 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. TD Cowen upped their target price on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Loop Capital lifted their price target on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Evercore upped their price target on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $898.52.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate’s core investment case remains supported by strong demand for high-capacity nearline hard drives used in cloud and AI data centers. Rising exabyte shipments and momentum for its Mozaic platform could support revenue growth, margins and fiscal-year guidance. Can Increasing HDD Exabyte Shipments Bolster Seagate’s Q4 Earnings?
• Positive Sentiment: Morgan Stanley continues to express strong conviction in Seagate and Western Digital, arguing that the hard-disk-drive market has strengthened rather than weakened as AI infrastructure investment increases. Seagate, Western Digital Slide Again
• Positive Sentiment: Wedbush raised its price target ahead of the report, reflecting optimism about Seagate’s AI-driven storage opportunity and earnings potential. Wedbush Just Raised Its Price Target on Seagate Stock
• Neutral Sentiment: Options traders are positioning for a substantial post-earnings move, signaling unusually high volatility around the fiscal fourth-quarter results and management’s forward guidance. Here’s How Much Traders See Seagate Stock Moving After Earnings
• Negative Sentiment: The stock’s rally has moved well beyond what management’s prior guidance explicitly supported, raising the risk of profit-taking or a sell-the-news reaction unless results and the outlook materially exceed expectations. Seagate’s Stock Rally Has Outrun Its Own Guidance
• Negative Sentiment: Memory and storage shares are facing broad sector pressure, while concerns about tariffs affecting semiconductor trading partners are adding to caution ahead of earnings. Another Memory Massacre Is Inbound on Tuesday
• Negative Sentiment: Jim Cramer’s warning for leveraged AI investors is reinforcing broader de-risking in AI infrastructure stocks, potentially increasing selling pressure in high-beta names such as STX. Jim Cramer Tells Leveraged AI Investors Sell It

Insider Buying and Selling at Seagate Technology

In related news, EVP John Christopher Morris sold 1,364 shares of Seagate Technology stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the transaction, the executive vice president directly owned 12,088 shares in the company, valued at $10,639,736.72. The trade was a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 9,343 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total value of $8,636,856.06. Following the sale, the chief executive officer owned 311,517 shares in the company, valued at approximately $287,972,545.14. This trade represents a 2.91% 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 sold 151,069 shares of company stock worth $126,191,753 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its position in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares in the last quarter. Quarry LP purchased a new stake in Seagate Technology during the 4th quarter worth about $31,000. Palisade Asset Management LLC purchased a new stake in Seagate Technology during the 3rd quarter worth about $37,000. Larson Financial Group LLC raised its stake in Seagate Technology by 41.9% in the 3rd quarter. Larson Financial Group LLC now owns 166 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 49 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in Seagate Technology in the 4th quarter valued at about $41,000. 92.87% of the stock is owned by institutional investors and hedge funds.

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.