Seagate Technology (NASDAQ:STX) Shares Up 6.3% – Time to Buy?

Seagate Technology Holdings PLC (NASDAQ:STX) shares rose 6.3% on Friday . The company traded as high as $852.98 and last traded at $849.28. 2,541,727 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 4,348,741 shares. The stock had previously closed at $798.61.

Seagate Technology News Roundup

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

• Positive Sentiment: Investor demand for memory stocks widened beyond NAND on Friday, lifting storage-related shares including Seagate. The move suggests expectations for strong pricing, improving industry conditions and sustained AI-driven demand for data-center storage. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: AI-related stocks are among the market’s strongest performers, providing a favorable backdrop for Seagate because cloud providers and data centers require increasing storage capacity. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday
• Positive Sentiment: Industry commentary remains constructive on memory valuations, citing strong pricing, rapid market growth and shifting competitive positions across major suppliers. That optimism is supporting the wider storage trade, including STX. Why This Analyst Says Memory Stock Valuations Make a Lot of Sense
• Neutral Sentiment: Seagate’s latest results provide fundamental support: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates. Management’s Q1 fiscal 2027 EPS guidance is $7.10 to $7.50.
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,333, and CEO William Mosley sold 30,000 shares for about $24.5 million. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary signals, although the sales may attract some investor caution.

Wall Street Analyst Weigh In

Several research firms recently commented on STX. JPMorgan Chase & Co. increased their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Barclays upped their price objective on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Melius Research began coverage on Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price on the stock. Finally, TD Cowen boosted their target price on Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology Stock Up 6.3%

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 $192.49 billion, a price-to-earnings ratio of 61.19 and a beta of 2.06. The firm’s 50 day moving average price is $852.94 and its two-hundred day moving average price is $708.76.

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

Seagate Technology Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s payout ratio is 21.33%.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 30,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $816.28, for a total transaction of $24,488,400.00. Following the sale, the chief executive officer owned 295,168 shares in the company, valued at $240,939,735.04. This trade represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 3,516 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $849.35, for a total value of $2,986,314.60. Following the completion of the sale, the executive vice president directly owned 12,805 shares in the company, valued at approximately $10,875,926.75. The trade was a 21.54% 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 sold 191,765 shares of company stock worth $161,865,249 over the last three months. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of STX. Retirement Wealth Solutions LLC boosted its stake in shares of Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after buying an additional 12 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Seagate Technology during the 2nd quarter valued at $39,000. Trust Co. of Vermont acquired a new position in Seagate Technology during the 2nd quarter worth $54,000. Triumph Capital Management increased its position in shares of Seagate Technology by 93.5% in the 2nd quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock worth $58,000 after purchasing an additional 29 shares during the last quarter. Finally, Cornerstone Financial Management LLC increased its position in shares of Seagate Technology by 109.7% in the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock worth $63,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors 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.