Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report)’s share price rose 2.5% on Thursday . The stock traded as high as $816.68 and last traded at $803.13. 4,812,780 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 4,322,525 shares. The stock had previously closed at $783.18.
More Seagate Technology News
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Investor enthusiasm is being supported by Seagate’s strong operating momentum. The company recently reported quarterly revenue of $3.63 billion, up 48.5% year over year, while earnings of $5.71 per share exceeded the $5.10 consensus estimate. Management’s fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50 further supports the bullish outlook. AI boom article
- Positive Sentiment: Seagate’s gross margin reached 52.7% last quarter, reflecting the company’s ability to raise prices amid tight storage supply and strong demand. Investors are watching whether pricing power and elevated margins can persist as data-center customers expand capacity. Gross margin article
- Positive Sentiment: Wall Street remains broadly optimistic, with analysts citing Seagate’s outperformance versus other AI-infrastructure stocks and maintaining favorable growth expectations. AI infrastructure comparison
- Neutral Sentiment: Seagate retired approximately $150.7 million of 2028 exchangeable notes using cash and about 1.65 million ordinary shares. The move reduces upcoming debt but involved share issuance, creating a modest dilution consideration. Debt retirement article
- Negative Sentiment: Valuation and insider selling remain risks. EVP John Morris sold roughly $11.9 million of stock, reducing his position by 33.19%; the filing said the transaction covered tax withholding tied to vested equity awards, limiting—but not eliminating—the bearish signal. After a roughly 300% one-year rally, investors may also question how much AI-driven growth is already priced in. Insider selling article
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on STX shares. Wall Street Zen lowered Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 6th. Argus raised their price objective on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays increased their price target on Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Wells Fargo & Company lifted their price objective on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.
Seagate Technology Stock Up 6.9%
The company has a market cap of $195.28 billion, a PE ratio of 61.87 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The company has a fifty day moving average price of $842.11 and a 200 day moving average price of $739.30.
Seagate Technology (NASDAQ:STX – Get Free Report) last released its earnings results 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. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.
Seagate Technology Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid 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 (DPR) is presently 21.33%.
Insiders Place Their Bets
In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the sale, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. This trade represents a 41.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 15,466 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total value of $11,942,071.90. Following the transaction, the executive vice president directly owned 31,132 shares in the company, valued at $24,038,573.80. This trade represents a 33.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 457,605 shares of company stock worth $370,403,041. 0.51% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Seagate Technology
Several institutional investors and hedge funds have recently modified their holdings of STX. Retirement Wealth Solutions LLC raised its stake in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after buying an additional 12 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position 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 valued at $31,000 after acquiring an additional 15 shares in the last quarter. WealthCollab LLC grew its holdings in shares of Seagate Technology by 27.4% during the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 20 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in shares of Seagate Technology in the 4th quarter worth approximately $37,000. Finally, McMillan Office Inc. bought a new position in shares of Seagate Technology in the 1st quarter worth approximately $39,000. 92.87% of the stock is owned by hedge funds and other institutional investors.
Seagate Technology Company Profile
Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.
The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.
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