Seagate Technology (NASDAQ:STX) Stock Price Down 3.8% – Here’s Why

Posted by Brenda Bartman on Oct 14th, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report)’s stock price was down 3.8% during trading on Monday. The company traded as low as $750.68 and last traded at $753.25. 4,072,240 shares were traded during mid-day trading, a decline of 7% from the average session volume of 4,374,824 shares. The stock had previously closed at $783.00.

Trending Headlines about Seagate Technology

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

Positive Sentiment: Seagate remains positioned to benefit from artificial-intelligence infrastructure spending and growing data-center storage demand. Its HAMR technology supports higher-capacity hard drives, including 44TB products currently available and a longer-term roadmap toward 100TB drives, potentially lowering customers’ storage and operating costs. Seagate’s Improving Earnings Support a Cautious Upside
Positive Sentiment: Recent operating results provide fundamental support: fiscal 2026 sales increased 34% to approximately $12.2 billion, adjusted operating margins reached 36.5%, and free cash flow grew substantially. The latest reported quarter also exceeded consensus estimates for earnings and revenue, with revenue up 48.5% year over year. Seagate’s Improving Earnings Support a Cautious Upside
Neutral Sentiment: The company is scheduled to report fiscal first-quarter 2027 results after the market close on October 27. That report will be an important catalyst for testing whether strong AI-related demand and management’s guidance can justify the stock’s elevated valuation. Seagate to Report Fiscal First Quarter 2027 Results
Negative Sentiment: Shares of Seagate and Western Digital fell alongside broader memory stocks after reports of design breakthroughs in China raised concerns about future competition, reduced supply constraints, and potentially lower pricing power across the storage industry. Seagate and Western Digital Shares Plummet
Negative Sentiment: Investors are also questioning valuation after Seagate’s stock gained roughly 766% since July 2021 and recently declined sharply despite analysts largely maintaining their earnings estimates. The resulting gap between the share price and consensus price targets creates both perceived upside and concern that expectations may be too optimistic. Rapid Growth, High Volatility, and Near 50% Upside

Analysts Set New Price Targets

Several research firms have weighed in on STX. Argus boosted their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. TD Cowen raised their price objective on Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley lifted their price objective on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Get Our Latest Report on STX

Seagate Technology Price Performance

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 firm’s fifty day moving average price is $851.58 and its 200-day moving average price is $798.06. The stock has a market cap of $162.25 billion, a P/E ratio of 51.41 and a beta of 2.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly 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 company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s revenue was up 48.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 35.70 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s dividend payout ratio is 21.33%.

Insider Activity

In related news, CFO Gianluca Romano sold 49,984 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the transaction, the chief financial officer owned 70,756 shares in the company, valued at $54,634,952.96. The trade was a 41.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 9,354 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the transaction, the executive vice president directly owned 22,693 shares of the company’s stock, valued at $19,922,411.63. The trade was a 29.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 466,959 shares of company stock valued at $378,840,741. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after acquiring an additional 2,326,538 shares in the last quarter. National Pension Service increased its position in Seagate Technology by 0.8% during the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock valued at $805,490,000 after purchasing an additional 6,944 shares during the period. Janus Henderson Group PLC increased its position in Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after purchasing an additional 943,170 shares during the period. Amundi raised its holdings in Seagate Technology by 32.2% in the 1st quarter. Amundi now owns 965,565 shares of the data storage provider’s stock worth $378,267,000 after purchasing an additional 235,359 shares in the last quarter. Finally, Swedbank AB raised its holdings in Seagate Technology by 67.6% in the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock worth $277,821,000 after purchasing an additional 285,949 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Company Profile

(Get Free Report)

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.