Seagate Technology (NASDAQ:STX) Trading Down 6.8% – Should You Sell?

Posted by Geri Gentry on Jul 26th, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report)’s stock price traded down 6.8% during mid-day trading on Friday . The company traded as low as $835.50 and last traded at $851.69. 5,080,386 shares changed hands during trading, an increase of 18% from the average daily volume of 4,313,049 shares. The stock had previously closed at $913.36.

Key Headlines Impacting Seagate Technology

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

Positive Sentiment: Several previews say Seagate remains well positioned to beat fiscal Q4 expectations, citing AI-driven storage demand, rising HAMR adoption, and improving margins that could support another strong earnings report. Article title: STX Likely to Beat Q4 Earnings: Is it a Portfolio Must-Have Now?
Positive Sentiment: Another earnings preview argues Seagate’s AI tailwinds are intact, with higher-density storage demand and operating leverage supporting profitability, though valuation has become less compelling. Article title: Seagate Earnings Preview: AI Tailwinds Remain, But Fading Sentiment Caps The Premium
Positive Sentiment: Commentary from the last two days says Seagate could rebound after being off from recent highs if earnings confirm strong demand for high-capacity storage. Article title: Seagate Stock Is Off 20% From Its High. Why July 28 Earnings Could Trigger a Rebound.
Neutral Sentiment: Short-interest data showed no meaningful change in borrowed shares, so it does not appear to be a major driver of trading today.
Neutral Sentiment: One market note highlighted rising losses across mega-cap AI names like Tesla, Alphabet, Meta, Amazon, and Microsoft, reinforcing the broader risk-off tone in AI-related stocks. Article title: Why Tesla, Google, and other Mag 7 stocks are losing billions in valuation
Negative Sentiment: A trading-focused report says Seagate is falling on broad semiconductor weakness and concerns that AI spending may be shifting, which is likely weighing on the shares despite upbeat earnings expectations. Article title: Why Is Seagate Stock Falling on Friday?

Analyst Ratings Changes

Several brokerages have weighed in on STX. Citigroup increased their target price on Seagate Technology from $1,150.00 to $1,240.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. TD Cowen upped their price target on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. UBS Group increased their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Evercore lifted their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $898.52.

View Our Latest Stock Report on Seagate Technology

Seagate Technology Stock Down 6.8%

The firm’s fifty day moving average is $893.15 and its two-hundred day moving average is $610.20. The firm has a market cap of $190.97 billion, a price-to-earnings ratio of 80.81 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the company earned $1.90 EPS. Seagate Technology’s quarterly 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. On average, sell-side analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 9,343 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $924.42, for a total transaction of $8,636,856.06. Following the sale, the chief executive officer owned 311,517 shares of the company’s stock, valued at $287,972,545.14. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction 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 transaction, the chief financial officer directly owned 42,860 shares of the company’s stock, valued at approximately $37,724,943.40. The trade was a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 151,069 shares of company stock worth $126,191,753 in the last three months. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STX. Walker Asset Management LLC acquired a new stake in Seagate Technology in the 2nd quarter valued at about $338,000. Ballast Inc. acquired a new position in shares of Seagate Technology in the 2nd quarter worth approximately $222,000. Regent Peak Wealth Advisors LLC acquired a new position in shares of Seagate Technology in the 2nd quarter worth approximately $354,000. Taylor & Morgan Wealth Management LLC raised its holdings in shares of Seagate Technology by 8.8% in the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 603 shares of the data storage provider’s stock worth $582,000 after purchasing an additional 49 shares in the last quarter. Finally, Nolet Wealth Management LLC bought a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $293,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

(Get Free Report)

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.