Key Points
- Seagate CEO William Mosley sold 30,000 shares on May 20 for about $22.54 million at an average price of $751.29. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still holds 339,591 shares.
- Seagate reported strong quarterly results, beating earnings and revenue expectations with $4.10 EPS on $3.11 billion in revenue. The company also guided Q4 2026 EPS at 4.8 to 5.2 and announced a quarterly dividend of $0.74 per share.
- Investor sentiment remains mixed despite AI infrastructure optimism boosting the stock. Analysts have a consensus Moderate Buy rating, but some commentary has raised valuation concerns, including views that the stock is “too pricey.”
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CEO William Mosley sold 30,000 shares of Seagate Technology stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the sale, the chief executive officer owned 339,591 shares of the company's stock, valued at $255,131,322.39. This trade represents a 8.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Seagate Technology Price Performance
Shares of Seagate Technology stock opened at $810.46 on Friday. Seagate Technology Holdings PLC has a twelve month low of $105.35 and a twelve month high of $841.31. 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 has a 50-day simple moving average of $557.38 and a two-hundred day simple moving average of $408.64. The stock has a market capitalization of $181.73 billion, a price-to-earnings ratio of 76.89 and a beta of 1.98.
Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share 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 business had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $2.96 billion. During the same quarter in the previous year, the company earned $1.90 EPS. The business'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. Analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.
Seagate Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology's payout ratio is currently 28.08%.
Key Headlines Impacting Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Seagate stock is benefiting from renewed enthusiasm around AI infrastructure spending after Nvidia’s latest results, which reinforced demand for storage and memory hardware. Seagate Stock, Western Digital Bounce Back After Nvidia Results
- Positive Sentiment: Seagate announced exchanges with holders of $185.9 million of exchangeable notes, a move that could help manage debt and improve capital structure flexibility. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
- Positive Sentiment: Investor interest in AI “picks-and-shovels” names has also helped sentiment, with reports that billionaire Stanley Druckenmiller added Seagate to his AI hardware rotation. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead
- Neutral Sentiment: Seagate’s CEO disclosed a sale of 30,000 shares under a pre-arranged 10b5-1 plan, which is routine but can still weigh on sentiment. SEC filing
- Neutral Sentiment: At the same time, some commentary is turning cautious on valuation, with Jim Cramer calling Seagate “too pricey,” which could limit further multiple expansion. Jim Cramer on Seagate: “Too Pricey”
- Negative Sentiment: Seagate also drew negative attention from commentary suggesting the AI storage boom could lose momentum later in the cycle, raising long-term supply and pricing concerns for memory-chip and storage makers. Advanced Energy, Vishay Precision, and Bel Fuse Shares Plummet, What You Need To Know
Hedge Funds Weigh In On Seagate Technology
Institutional investors have recently modified their holdings of the business. National Pension Service raised its holdings in shares of Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock worth $59,044,000 after buying an additional 54,722 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Seagate Technology during the 4th quarter worth $23,882,000. New York State Teachers Retirement System raised its holdings in shares of Seagate Technology by 5.0% during the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider's stock worth $51,510,000 after buying an additional 8,991 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Seagate Technology by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider's stock worth $142,874,000 after buying an additional 6,028 shares in the last quarter. Finally, Keystone Investors PTE Ltd. raised its holdings in shares of Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider's stock worth $11,879,000 after buying an additional 18,000 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on STX shares. Wedbush lifted their price objective on Seagate Technology from $700.00 to $825.00 and gave the company an "outperform" rating in a report on Monday, April 27th. Citigroup lifted their price objective on Seagate Technology from $595.00 to $740.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. BNP Paribas Exane lifted their price objective on Seagate Technology from $530.00 to $860.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. KeyCorp set a $500.00 price objective on Seagate Technology in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Seagate Technology in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $733.71.
Check Out Our Latest Stock Report on STX
About Seagate Technology
(
Get Free Report)
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.
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