Seagate Technology (NASDAQ:STX) Stock Price Up 1.8% – Here’s What Happened

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) were up 1.8% on Thursday . The company traded as high as $874.97 and last traded at $852.95. 5,551,559 shares traded hands during trading, an increase of 25% from the average daily volume of 4,432,459 shares. The stock had previously closed at $837.66.

Seagate Technology News Roundup

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

• Positive Sentiment: Analysts raised Seagate’s fair-value estimate. Updated assumptions for hard-disk-drive pricing power, AI-driven storage demand, margins and cash generation lifted the estimate from $959.48 to $1,115.87, suggesting substantial potential upside from recent trading levels. Seagate Stock Fair Value Rises
• Positive Sentiment: STX remains a favored AI-growth idea. Zacks included Seagate among its five top-ranked growth stocks for August, citing AI-driven demand and the ongoing market rally. The company’s latest quarter also showed strong momentum, with revenue up 48.5% year over year and EPS of $5.71 beating the $5.10 consensus estimate. Top-Ranked Growth Stocks for August
• Neutral Sentiment: Insiders reported planned stock sales. CEO William Mosley sold 30,000 shares for roughly $24.5 million, while EVP John Christopher Morris sold 168 shares. Because the transactions were executed under pre-arranged Rule 10b5-1 plans, they provide limited insight into management’s current view of STX’s prospects. Seagate Insider Sale Filing
• Negative Sentiment: Disappointing peer guidance triggered sector-wide selling. Sandisk and Western Digital delivered earnings beats, but their outlooks failed to meet investors’ exceptionally high expectations. The reaction pushed memory and storage shares—including Seagate, Micron, SK Hynix and Samsung—lower as investors reassessed AI-demand growth and elevated valuations. Sandisk Outlook Shook AI Memory Trade

Analysts Set New Price Targets

Several research analysts have commented on STX shares. The Goldman Sachs Group raised their price objective on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Susquehanna lifted their price objective on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Loop Capital upped their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Mizuho lifted their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Finally, Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology Trading Up 1.8%

The company has a market cap of $191.26 billion, a PE ratio of 61.45 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The business has a 50-day simple moving average of $896.61 and a 200-day simple moving average of $640.99.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data 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 net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business posted $2.59 earnings per share. Seagate Technology’s quarterly 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. On average, analysts predict that Seagate Technology Holdings PLC will post 33.08 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio is presently 21.33%.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 17,080 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $827.30, for a total value of $14,130,284.00. Following the transaction, the chief executive officer directly owned 295,517 shares in the company, valued at approximately $244,481,214.10. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $794,811.57. Following the completion of the sale, the chief financial officer owned 42,860 shares in the company, valued at approximately $37,724,943.40. This represents a 2.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,638 shares of company stock worth $126,692,095 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

A number of institutional investors and hedge funds have recently modified their holdings of STX. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 15 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the period. WealthCollab LLC grew its holdings in shares of Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after buying an additional 20 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Seagate Technology during the 1st quarter worth approximately $39,000. Finally, Concord Wealth Partners acquired a new stake in shares of Seagate Technology in the 4th quarter valued at about $28,000. 92.87% of the stock is currently owned by institutional investors.

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.