Seagate Technology (NASDAQ:STX) Stock Price Up 3.2% – Here’s Why

Seagate Technology Holdings PLC (NASDAQ:STX) shares rose 3.2% on Thursday . The company traded as high as $1,111.00 and last traded at $1,025.36. Approximately 5,496,310 shares traded hands during trading, an increase of 31% from the average session volume of 4,187,067 shares. The stock had previously closed at $993.25.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Micron’s blowout earnings and guidance reinforced the view that AI-related memory demand remains strong, boosting sentiment across the storage complex, including Seagate. SanDisk, Western Digital, Seagate Surge After Hours As Micron’s Blowout Earnings Signal Memory Upcycle
• Positive Sentiment: Market commentary highlighted Seagate as a beneficiary of the same AI storage trend lifting Micron, Western Digital, and SanDisk, with investors betting on tighter supply and improving pricing power. Western Digital and Seagate stocks get boost from big Micron earnings beat
• Positive Sentiment: Analysts and commentators also framed Seagate as an AI infrastructure winner with improved revenue, margins, and pricing power, supporting the stock’s rally. Is Seagate (STX) Turning AI-Fueled Pricing Power Into a More Durable Earnings Model?
• Neutral Sentiment: Several broader market updates mentioned Seagate as part of the AI-chip rebound, but those reports mainly reflected sector-wide momentum rather than company-specific news. Nvidia, Qualcomm, Apple, Wendy’s, and More Stocks That Explain Today’s Market
• Negative Sentiment: Some earlier reports noted that STX had fallen on concerns about leverage, AI spending risks, and weakness in parts of the chip complex, which may temper enthusiasm after the recent run-up. Why Seagate (STX) Shares Are Getting Obliterated Today

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Sanford C. Bernstein upped their price target on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Susquehanna increased their price target on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $831.79.

Seagate Technology Trading Up 3.2%

The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The company’s 50-day moving average is $801.27 and its 200-day moving average is $521.30. The stock has a market capitalization of $229.92 billion, a price-to-earnings ratio of 97.28 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share 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 company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the business posted $1.90 EPS. Seagate Technology’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

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

Insiders Place Their Bets

In other Seagate Technology news, CFO Gianluca Romano sold 22,488 shares of Seagate Technology stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the sale, the chief financial officer owned 42,847 shares in the company, valued at $33,173,004.34. The trade was a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the transaction, the chief executive officer directly owned 339,591 shares in the company, valued at approximately $255,131,322.39. This trade represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 141,069 shares of company stock valued at $107,161,712. 0.79% of the stock is currently owned by insiders.

Institutional Trading of Seagate Technology

Several institutional investors and hedge funds have recently bought and sold shares of STX. Salomon & Ludwin LLC lifted its position in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of 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 acquiring an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $28,000. Avion Wealth raised its stake in shares of Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the period. Finally, Concord Wealth Partners acquired a new position in shares of Seagate Technology in the 4th quarter worth approximately $28,000. 92.87% of the stock is currently owned by hedge funds and other 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.