Seagate Technology (NASDAQ:STX) Trading 1.8% Higher – Should You Buy?

Seagate Technology Holdings PLC (NASDAQ:STX) shares traded up 1.8% on Wednesday . The stock traded as high as $921.38 and last traded at $908.10. Approximately 5,239,351 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 4,307,935 shares. The stock had previously closed at $891.83.

Seagate Technology News Summary

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

• Positive Sentiment: Investors are betting Seagate can benefit from fresh AI demand, with commentary suggesting the stock may still be undervalued relative to its growth outlook. Seagate (STX) Stock May Be 34% Undervalued On Fresh AI Demand News
• Positive Sentiment: Analysts and stock screeners are highlighting Seagate ahead of its upcoming earnings report, saying the company has the ingredients for an earnings beat. Seagate (STX) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Brokerage commentary and analyst roundups have continued to frame Seagate as a beneficiary of strong results and AI-driven growth, reinforcing bullish sentiment around the name. Top Analyst Reports for Johnson Johnson, Lam Research & Seagate
• Neutral Sentiment: A broader technology-stock rebound and ongoing volatility in the AI trade have helped lift sentiment across chip and storage names, which may be supporting Seagate alongside peers. 5 Things to Know Before the Stock Market Opens on Tuesday
• Neutral Sentiment: Jim Cramer recently noted Seagate’s strong comeback but suggested investors consider trimming positions ahead of earnings, which adds some caution despite the bullish momentum. Jim Cramer suggests trimming Seagate position after strong comeback ahead of July 28 earnings
• Negative Sentiment: Some of the recent excitement may already be priced in after a strong rally, and investors are watching whether upcoming results can justify the sharp move higher. Sandisk vs. Seagate Technology: What Do Their Revenue Trends Tell Investors About Their Roles in the Artificial Intelligence Ecosystem?

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Cantor Fitzgerald increased their target price on shares of Seagate Technology from $1,000.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Argus boosted their price target on Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Bank of America upped their target price on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Twenty-two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $898.52.

Seagate Technology Stock Up 1.8%

The company has a market capitalization of $203.62 billion, a P/E ratio of 86.16 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The firm’s fifty day moving average is $888.04 and its 200-day moving average is $599.64.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the business earned $1.90 earnings per share. The company’s revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 9,343 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total value of $8,636,856.06. Following the completion of the transaction, the chief executive officer directly owned 311,517 shares in the company, valued at approximately $287,972,545.14. This represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of Seagate Technology stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the transaction, the chief financial officer owned 42,860 shares in the company, valued at approximately $37,724,943.40. This trade represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 151,069 shares of company stock valued at $126,191,753. 0.79% of the stock is owned by insiders.

Institutional Trading of Seagate Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. increased its position in shares of Seagate Technology by 0.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the last quarter. Beaumont Financial Advisors LLC boosted its stake in Seagate Technology by 2.1% in the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after buying an additional 17 shares in the last quarter. Cornerstone Wealth Group LLC boosted its stake in Seagate Technology by 0.5% in the first quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock worth $1,388,000 after buying an additional 19 shares in the last quarter. Finally, WealthCollab LLC grew its position in Seagate Technology by 27.4% during the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

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.