Key Points
- Director Yolanda Lee Conyers sold 750 Seagate shares on June 1 at an average price of $885.33, totaling about $664,000. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Seagate recently reported strong quarterly results, beating analyst estimates with EPS of $4.10 versus $3.51 expected and revenue of $3.11 billion versus $2.96 billion expected. Revenue rose 44.1% year over year, and the company also raised its Q4 2026 guidance.
- Analysts and investors remain broadly positive, with several firms raising price targets and the consensus rating at “Moderate Buy.” The stock has also drawn attention from institutions, while a recent $175 million settlement may reduce legal uncertainty.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction on Monday, June 1st. The stock was sold at an average price of $885.33, for a total transaction of $663,997.50. Following the transaction, the director directly owned 4,101 shares in the company, valued at approximately $3,630,738.33. This represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Seagate Technology Trading Up 0.6%
Shares of NASDAQ STX opened at $926.61 on Wednesday. The company's fifty day moving average is $621.76 and its 200-day moving average is $437.45. The stock has a market cap of $207.77 billion, a price-to-earnings ratio of 87.91 and a beta of 2.04. Seagate Technology Holdings PLC has a twelve month low of $118.75 and a twelve month high of $953.72. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.
Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business's quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.
Seagate Technology Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.74 per share. 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 Wednesday, June 24th. Seagate Technology's dividend payout ratio (DPR) is currently 28.08%.
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Citigroup raised its price target on Seagate Technology Holdings PLC (STX) to $1,150 from $740 and reiterated a Buy rating, signaling meaningful upside from current levels and likely supporting investor sentiment.
- Positive Sentiment: Seagate also benefited from news that it reached a $175 million settlement over shareholder claims tied to alleged sales to Huawei, which may reduce legal uncertainty that has weighed on the stock. Article Title
- Neutral Sentiment: Recent Q1 earnings coverage suggests investors are still comparing Seagate’s results and outlook with other semiconductor names, but no new operating update was included in the latest items. Article Title
- Negative Sentiment: CEO William D. Mosley sold shares in two separate pre-arranged Rule 10b5-1 transactions, and director Prat Bhatt and director Yolanda Lee Conyers also sold stock. While planned sales are often routine, multiple insider sales can create a mild headwind for sentiment.
Institutional Investors Weigh In On Seagate Technology
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. National Pension Service increased its stake in Seagate Technology by 28.0% in the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock valued at $59,044,000 after buying an additional 54,722 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Seagate Technology in the 4th quarter valued at $23,882,000. New York State Teachers Retirement System increased its stake in Seagate Technology by 5.0% in the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider's stock valued at $51,510,000 after buying an additional 8,991 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Seagate Technology by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider's stock valued at $142,874,000 after buying an additional 6,028 shares during the last quarter. Finally, Praxis Investment Management Inc. increased its stake in Seagate Technology by 56.5% in the 4th quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider's stock valued at $1,822,000 after buying an additional 2,389 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Seagate Technology from $582.00 to $767.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 1st. Bank of America lifted their price target on shares of Seagate Technology from $840.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Loop Capital lifted their price target on shares of Seagate Technology from $950.00 to $1,140.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Seagate Technology has a consensus rating of "Moderate Buy" and a consensus price target of $772.04.
View Our Latest Research 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.
Further Reading
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