Seagate Technology (NASDAQ:STX) Shares Up 1.9% – Should You Buy?

Seagate Technology Holdings PLC (NASDAQ:STX) shares were up 1.9% during mid-day trading on Monday . The stock traded as high as $831.64 and last traded at $802.45. 4,854,168 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 4,288,059 shares. The stock had previously closed at $787.66.

Key Seagate Technology News

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

• Positive Sentiment: Analysts and market commentary point to rising AI-driven demand for NAND and storage products, plus stronger enterprise SSD growth and multiyear supply agreements, as reasons Seagate’s valuation could still be attractive. Sandisk vs. Seagate Technology: What Do Their Revenue Trends Tell Investors About Their Roles in the Artificial Intelligence Ecosystem?
• Positive Sentiment: Another report said STX may be materially undervalued based on fresh AI demand news, reinforcing the idea that investors are re-rating the stock higher on growth expectations. Seagate (STX) Stock May Be 34% Undervalued On Fresh AI Demand News
• Positive Sentiment: Zacks and other analyst-focused coverage highlighted Seagate as a name to watch ahead of earnings, suggesting expectations are building for another strong report or potential beat. Seagate (STX) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Broader analyst commentary has also included Seagate among preferred tech names, citing strong results and an improving growth outlook tied to AI demand. The Zacks Analyst Blog Highlights Johnson & Johnson, Lam Research, Seagate, KVH Industries and Dawson Geophysical
• Neutral Sentiment: Coverage comparing Sandisk and Seagate framed both companies as beneficiaries of AI infrastructure spending, but the article was more informational than a direct catalyst for STX. Sandisk vs. Seagate Technology: What Do Their Revenue Trends Tell Investors About Their Roles in the Artificial Intelligence Ecosystem?
• Neutral Sentiment: Jim Cramer also mentioned Seagate after its strong rebound and ahead of earnings, but his comments were more about managing gains than signaling a clear new catalyst. Jim Cramer suggests trimming Seagate position after strong comeback ahead of July 28 earnings

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on STX shares. JPMorgan Chase & Co. boosted their price objective on shares of Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. China Renaissance upped their target price on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Mizuho boosted their price objective on Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. 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 report on Monday, July 13th. Finally, Bank of America increased their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Twenty-two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $898.52.

Seagate Technology Stock Performance

The stock has a market cap of $203.16 billion, a P/E ratio of 85.91 and a beta of 2.04. The stock has a 50 day simple moving average of $888.04 and a 200 day simple moving average of $599.64. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities analysts expect that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Insider Activity at Seagate Technology

In other news, EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the sale, the executive vice president directly owned 11,954 shares of the company’s stock, valued at approximately $8,826,474.98. This trade represents a 32.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 151,069 shares of company stock valued at $126,191,753 in the last quarter. 0.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds have recently made changes to their positions in the stock. Walker Asset Management LLC acquired a new position in Seagate Technology in the second quarter valued at $338,000. Ballast Inc. purchased a new stake in shares of Seagate Technology in the second quarter valued at about $222,000. Regent Peak Wealth Advisors LLC bought a new position in shares of Seagate Technology during the 2nd quarter worth approximately $354,000. Taylor & Morgan Wealth Management LLC grew its stake in 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 valued at $582,000 after purchasing an additional 49 shares during the period. Finally, Nolet Wealth Management LLC bought a new position in Seagate Technology during the second quarter valued at about $293,000. 92.87% of the stock is currently owned by institutional investors.

About Seagate Technology

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.