Shares of Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) dropped 5.5% during mid-day trading on Monday . The stock traded as low as $840.01 and last traded at $860.66. Approximately 4,128,046 shares were traded during trading, a decline of 3% from the average session volume of 4,245,331 shares. The stock had previously closed at $910.34.
Key Seagate Technology News
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Citigroup raised its price target on Seagate Technology to $1,240 from $1,150 and reiterated a buy rating, signaling continued analyst confidence in the company’s upside. Tickerreport.com
- Positive Sentiment: Zacks highlighted Seagate as one of several memory stocks that look attractive after the recent sell-off, citing AI demand, improving pricing, and lower valuations. Zacks
- Neutral Sentiment: Seagate said it will report fiscal fourth-quarter and full-year 2026 results on July 28, which puts investors in wait-and-see mode ahead of the earnings release. Business Wire
- Neutral Sentiment: Commentary around Seagate’s upcoming earnings focuses on whether AI and cloud demand can offset concerns about inventory levels, cloud capex hesitation, and macro volatility. Yahoo Finance
- Negative Sentiment: Seagate has been caught in a broader memory-stock selloff triggered by weak sentiment around SK Hynix and renewed doubts about AI demand and memory pricing. Yahoo Finance
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Loop Capital lifted their price target 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. Zacks Research downgraded shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wells Fargo & Company raised shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $900.00 to $1,100.00 in a report on Friday, July 10th. Melius Research assumed coverage on shares of Seagate Technology in a research report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target on the stock. Finally, Rosenblatt Securities raised their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $898.52.
Seagate Technology Trading Up 2.1%
The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The business’s fifty day moving average is $886.49 and its 200-day moving average is $581.00. The stock has a market capitalization of $196.94 billion, a PE ratio of 83.33 and a beta of 2.04.
Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly 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 net margin of 21.60% and a return on equity of 1,005.65%. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the firm posted $1.90 earnings per share. Seagate Technology’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.
Seagate Technology Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th were issued a $0.74 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.
Insider Transactions at Seagate Technology
In other Seagate Technology news, EVP Ban Seng Teh sold 989 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $870,507.91. Following the completion of the sale, the executive vice president owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $794,811.57. Following the sale, the chief financial officer owned 42,860 shares of the company’s stock, valued at $37,724,943.40. This represents a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 151,069 shares of company stock worth $126,191,753 in the last three months. 0.79% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC raised its stake in shares of Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 51 shares during the period. Rakuten Securities Inc. boosted its position in Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth increased its holdings in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Concord Wealth Partners purchased a new position in Seagate Technology in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.
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.
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