Seagate Technology (NASDAQ:STX) Trading Up 3% – What’s Next?

Posted by Brian Himes on Aug 28th, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report)’s stock price was up 3% during mid-day trading on Wednesday . The stock traded as high as $851.69 and last traded at $846.37. Approximately 2,063,357 shares changed hands during trading, a decline of 53% from the average daily volume of 4,401,495 shares. The stock had previously closed at $821.67.

Key Stories Impacting Seagate Technology

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

Positive Sentiment: Seagate’s management will participate in upcoming investor events, including The Six Five Summit: AI Unleashed 2026. Investors may look for updates on AI-related storage demand, product plans and hyperscaler relationships. Seagate to Participate in Upcoming Investor Events
Positive Sentiment: Analyst coverage continues to emphasize Seagate’s potential as an indirect AI beneficiary. Expanding data-center workloads, high-capacity storage requirements and reported hyperscaler contracts through 2027 could support revenue growth. Prediction: Seagate Could Be One of AI’s Most Unexpected Winners
Positive Sentiment: The company’s latest quarter exceeded expectations, with adjusted earnings of $5.71 per share versus a $5.10 consensus estimate and revenue of $3.63 billion versus $3.50 billion expected. Revenue increased 48.5% year over year, and management’s next-quarter EPS guidance of $7.10 to $7.50 points to continued momentum. Seagate Up 10.7% Since Last Earnings Report
Positive Sentiment: Sell-side sentiment remains favorable, with a Moderate Buy consensus and an average price target of $986. Recent target increases from Citigroup, Wells Fargo, Argus and TD Cowen reflect confidence in Seagate’s earnings outlook and AI-linked demand.
Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, or $2.96 annualized. The approximately 0.3% yield offers modest shareholder income but is unlikely to be a significant near-term catalyst.
Neutral Sentiment: The stock has outperformed since earnings but remains volatile and trades below its 50-day moving average. Its high beta and premium earnings multiple leave it sensitive to profit-taking, interest-rate changes and broader technology-sector sentiment.
Negative Sentiment: EVP James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by 96.29%. The sale was made under a pre-arranged Rule 10b5-1 plan, which lessens its significance but may still weigh on investor sentiment. SEC filing for James Ci Lee stock sale

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Susquehanna raised their target price on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Evercore upped their price target on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Fox Advisors cut shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Read Our Latest Research Report on STX

Seagate Technology Price Performance

The stock has a 50-day moving average price of $875.70 and a 200 day moving average price of $694.71. 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 firm has a market cap of $192.02 billion, a price-to-earnings ratio of 61.04 and a beta of 2.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 18,138 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $849.35, for a total value of $15,405,510.30. Following the completion of the sale, the chief executive officer owned 298,483 shares in the company, valued at $253,516,536.05. This represents a 5.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gianluca Romano sold 9,076 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $849.35, for a total transaction of $7,708,700.60. Following the sale, the chief financial officer owned 22,997 shares of the company’s stock, valued at approximately $19,532,501.95. This represents a 28.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 193,765 shares of company stock valued at $166,634,842. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of STX. Rakuten Securities Inc. grew its holdings in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Retirement Wealth Solutions LLC increased its position in Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake 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 during the last quarter. Quarry LP purchased a new stake in Seagate Technology during the 4th quarter valued at approximately $31,000. Finally, WealthCollab LLC lifted its position in 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. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.