Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP James Ci Lee sold 694 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $877.45, for a total value of $608,950.30. Following the completion of the transaction, the executive vice president owned 347 shares in the company, valued at approximately $304,475.15. This represents a 66.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Seagate Technology Stock Performance
Shares of NASDAQ:STX opened at $831.06 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a 1-year low of $144.75 and a 1-year high of $1,145.00. The stock has a market capitalization of $186.35 billion, a P/E ratio of 59.87 and a beta of 2.06. The business has a 50-day moving average price of $897.28 and a two-hundred day moving average price of $633.59.
Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. The company 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 company's revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 33.08 earnings per share for the current year.
Seagate Technology Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology's payout ratio is presently 21.33%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on STX. Sanford C. Bernstein restated an "outperform" rating and issued a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. BNP Paribas Exane raised their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Fox Advisors lowered Seagate Technology from an "overweight" rating to an "equal weight" rating in a research report on Monday, June 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Finally, China Renaissance boosted their price objective on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. One 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 stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and a consensus price target of $986.00.
View Our Latest Analysis on STX
Institutional Investors Weigh In On Seagate Technology
Large investors have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock worth $27,000 after buying an additional 51 shares during the period. WealthCollab LLC lifted its stake in Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider's stock valued at $36,000 after buying an additional 20 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Seagate Technology in the first quarter valued at approximately $39,000. Finally, Concord Wealth Partners acquired a new position in shares of Seagate Technology in the fourth quarter valued at approximately $28,000. 92.87% of the stock is currently owned by institutional investors.
Key Seagate Technology News
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Long-term AI orders are improving visibility. BNP Paribas highlighted unusually strong, long-term customer commitments, suggesting Seagate may have better revenue visibility than is typical for a cyclical storage company. That could support more durable growth and justify a favorable outlook. BNP Paribas Resets Seagate Target After Stunning AI Signal
- Positive Sentiment: Recent results and guidance exceeded expectations. Seagate reported quarterly earnings of $5.71 per share versus the $5.10 consensus estimate, while revenue of $3.63 billion topped forecasts of $3.50 billion and increased 48.5% year over year. Its $7.10-$7.50 per-share outlook for the next quarter also came in above expectations, reinforcing the AI-driven demand story. Seagate Rallies on Strong Q4 Results and Guidance
- Positive Sentiment: Industry AI spending remains a tailwind. Big Tech is expected to spend more than $750 billion on AI infrastructure in 2026, potentially benefiting Seagate and other storage suppliers as demand for data-center capacity expands. The Zacks Analyst Blog Highlights Micron, Seagate, Western Digital, Sandisk and Vertiv
- Neutral Sentiment: Executive selling was disclosed. EVP James Ci Lee sold 694 shares worth approximately $609,000 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced his holdings by two-thirds, but the scheduled nature of the transaction limits its significance as a signal about management’s outlook.
- Negative Sentiment: Storage stocks faced broad sector pressure. Seagate declined alongside Western Digital, Micron and other memory names as investors cooled on the group. The move suggests profit-taking and concerns about cyclical demand or elevated valuations, with STX trading at a high earnings multiple after a substantial rally. Seagate and Western Digital Dive as Memory Stocks Cool
Seagate Technology Company Profile
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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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