Seagate Technology (NASDAQ:STX) Stock Jumps 2.2% – Should You Buy?

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) traded up 2.2% during mid-day trading on Monday. The stock traded as high as $665.55 and last traded at $644.21. Approximately 4,245,466 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 4,409,510 shares. The stock had previously closed at $630.49.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Strong HDD demand supports earnings outlook: Analysts project that Seagate will exceed fiscal first-quarter 2027 earnings expectations, helped by surging AI and cloud infrastructure demand, improved pricing and increased adoption of its Mozaic technology. Management’s guidance calls for EPS of $7.10 to $7.50. Seagate Technology Q1 preview: Analysts project earnings beat amid strong HDD demand
• Positive Sentiment: AI storage partnership expands Seagate’s addressable market: Seagate announced expanded interoperability between its high-capacity HAMR and SMR storage technologies and Broadcom platforms. The solution has been validated for hyperscale deployment by Microsoft Azure, potentially strengthening Seagate’s position with major cloud customers. Seagate Simplifies High-Capacity Storage Scaling for AI and Cloud Infrastructure
• Positive Sentiment: Recent operating momentum provides a favorable backdrop: Seagate’s latest reported quarter delivered EPS of $5.71 versus the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion. The upcoming earnings report is therefore a key catalyst for confirming whether AI-driven demand and pricing strength are continuing. Seagate Eyes a Q1 Earnings Beat: Is the Stock Worth Buying Now?
• Neutral Sentiment: Investor attention is centered on the earnings release: Seagate is scheduled to report results after the market close, with investors watching revenue, margins, pricing, capacity expansion and forward guidance. Earnings to watch: Seagate reports results
• Negative Sentiment: Production capacity remains a risk: Bank of America said demand for AI-era storage may be outpacing Seagate’s ability to expand production, creating execution and supply constraints even as demand remains strong. Seagate’s booming business comes with an unexpected twist
• Negative Sentiment: One analyst reduced its valuation target: Cantor Fitzgerald lowered its price target from $1,300 to $1,000, although it maintained an “overweight” rating, signaling continued optimism but a more cautious valuation outlook.

Analyst Ratings Changes

STX has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Melius Research initiated coverage on Seagate Technology in a report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target for the company. Wall Street Zen upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Wells Fargo & Company cut their price objective on Seagate Technology from $1,180.00 to $865.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Finally, Rosenblatt Securities set a $1,100.00 price objective on Seagate Technology in a research report on Monday. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $951.92.

Seagate Technology Stock Up 2.2%

The firm has a market capitalization of $146.49 billion, a P/E ratio of 46.41 and a beta of 2.06. The firm’s 50-day moving average is $820.59 and its 200 day moving average is $812.85. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67.

Seagate Technology (NASDAQ:STX) last released its 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 firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 35.79 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were issued a dividend of $0.74 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.5%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This represents a 90.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 9,354 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $877.91, for a total transaction of $8,211,970.14. Following the transaction, the executive vice president directly owned 22,693 shares of the company’s stock, valued at $19,922,411.63. This represents a 29.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 467,506 shares of company stock worth $379,191,992 in the last 90 days. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Seagate Technology

Institutional investors have recently made changes to their positions in the business. VUB Generali dochodkova spravcovska spolocnost a.s. acquired a new position in Seagate Technology during the third quarter worth $507,000. Leo Wealth LLC acquired a new stake in Seagate Technology in the 3rd quarter valued at $598,000. Hilton Head Capital Partners LLC lifted its position in Seagate Technology by 155.2% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 74 shares of the data storage provider’s stock worth $68,000 after buying an additional 45 shares in the last quarter. Bright Futures Wealth Management LLC. lifted its position in Seagate Technology by 10.3% during the 3rd quarter. Bright Futures Wealth Management LLC. now owns 278 shares of the data storage provider’s stock worth $256,000 after buying an additional 26 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its stake in shares of Seagate Technology by 1,323.4% during the 3rd quarter. Valley National Advisers Inc. now owns 2,861 shares of the data storage provider’s stock worth $2,638,000 after buying an additional 2,660 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.