Kercheville Advisors LLC Buys Shares of 950 Seagate Technology Holdings PLC $STX

Kercheville Advisors LLC purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the first quarter, Holdings Channel.com reports. The fund purchased 950 shares of the data storage provider’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STX. Salomon & Ludwin LLC raised its stake in 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. lifted its holdings in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in Seagate Technology during the fourth quarter worth about $28,000. Avion Wealth boosted its position in Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares during the period. Finally, Concord Wealth Partners purchased a new position in shares of Seagate Technology in the fourth quarter worth about $28,000. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on STX shares. UBS Group upped their price target on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Barclays increased their target price on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley boosted their price objective on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $831.79.

Seagate Technology Stock Down 5.1%

STX stock opened at $1,038.59 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The company’s 50 day moving average is $791.71 and its 200 day moving average is $516.18. The stock has a market cap of $232.88 billion, a price-to-earnings ratio of 98.54 and a beta of 2.04. Seagate Technology Holdings PLC has a 1-year low of $133.85 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (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 business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the business posted $1.90 earnings per share. Seagate Technology’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts predict 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 will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued 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 of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is currently 28.08%.

Insider Activity at Seagate Technology

In related news, Director Shankar Arumugavelu sold 1,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $927.68, for a total value of $927,680.00. Following the completion of the transaction, the director directly owned 6,626 shares in the company, valued at approximately $6,146,807.68. The trade was a 13.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Christopher Morris sold 1,364 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 $1,200,579.16. Following the completion of the transaction, the executive vice president directly owned 12,088 shares in the company, valued at approximately $10,639,736.72. This represents a 10.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 141,069 shares of company stock worth $107,161,712 in the last three months. 0.79% of the stock is owned by insiders.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Mizuho raised its price target on Seagate to $1,090 from $875 and kept an Outperform rating, citing higher estimates after the company’s AI-related results, which supports the bull case for continued upside. Mizuho Lifts PT on Seagate Technology Holdings (STX)
• Positive Sentiment: Multiple articles highlighted Seagate as a top AI memory/storage stock, with investors focusing on strong demand for nearline hard drives and data storage needed for AI workloads, a theme that has helped drive the stock’s sharp rally. Mizuho Lifts PT on Seagate Technology Holdings (STX)
• Neutral Sentiment: Commentary from 247WallSt noted that Seagate’s valuation now looks stretched after its parabolic run, and suggested the risk/reward is less attractive without a pullback, which may temper enthusiasm even though the longer-term AI story remains intact. Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon
• Neutral Sentiment: Market chatter also focused on how much further STX can rally after rising roughly 290% year to date, indicating strong momentum but also raising expectations that could limit near-term gains. Up 290% YTD, How High Can Seagate Rally?
• Negative Sentiment: Fox Advisors downgraded Seagate from Overweight to Equal Weight, suggesting some analysts think much of the good news is already reflected in the stock price. Finviz downgrade mention
• Negative Sentiment: A broader selloff in memory-related stocks briefly pressured sentiment across the group, as investors reacted to macro and geopolitical risk; that kind of weakness can spill over into Seagate even when the company-specific outlook remains strong. Memory Stock Rout Hits Popular DRAM ETF

Seagate Technology Company Profile

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.