2,232 Shares in Seagate Technology Holdings PLC $STX Bought by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,232 shares of the data storage provider’s stock, valued at approximately $322,000.

A number of other large investors have also recently bought and sold shares of STX. Wayfinding Financial LLC bought a new stake in Seagate Technology in the first quarter worth $31,000. Golden State Wealth Management LLC boosted its holdings in Seagate Technology by 2,200.0% in the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock worth $39,000 after purchasing an additional 440 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Seagate Technology during the first quarter valued at about $42,000. Costello Asset Management INC bought a new stake in Seagate Technology during the first quarter valued at about $47,000. Finally, Brooklyn Investment Group boosted its holdings in Seagate Technology by 41.5% during the first quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider’s stock valued at $60,000 after acquiring an additional 206 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on STX shares. TD Cowen upped their price target on shares of Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Mizuho upped their price target on shares of Seagate Technology from $160.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Susquehanna upped their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a report on Wednesday, July 30th. Wells Fargo & Company upped their price target on shares of Seagate Technology from $122.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Finally, Robert W. Baird upped their price target on shares of Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target of $193.32.

Seagate Technology Stock Performance

NASDAQ STX opened at $229.14 on Tuesday. The firm has a 50-day simple moving average of $175.83 and a 200 day simple moving average of $131.82. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $234.12. The stock has a market cap of $48.80 billion, a PE ratio of 33.85, a PEG ratio of 0.98 and a beta of 1.53.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.14. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm 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. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 42.54%.

Insider Activity

In other Seagate Technology news, insider James Ci Lee sold 3,509 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the transaction, the insider owned 1,288 shares in the company, valued at $199,305.12. This trade represents a 73.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay L. Geldmacher sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total transaction of $376,250.00. Following the transaction, the director owned 352 shares of the company’s stock, valued at approximately $52,976. This represents a 87.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,935 shares of company stock valued at $9,396,416. 0.79% of the stock is owned by company insiders.

About Seagate Technology

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.