Seagate Technology (NASDAQ:STX) Stock Price Up 7.9% – What’s Next?

Seagate Technology Holdings PLC (NASDAQ:STX) shares shot up 7.9% during mid-day trading on Thursday . The stock traded as high as $811.51 and last traded at $810.46. 3,466,043 shares traded hands during trading, a decline of 18% from the average session volume of 4,210,723 shares. The stock had previously closed at $751.07.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate’s latest margin and revenue trends show strong execution, with record gross margins, tight supply, and pricing support pointing to continued earnings upside. Can Seagate Sustain Its Gross Margin Expansion Momentum?
• Positive Sentiment: AI infrastructure spending remains a tailwind for memory and storage stocks, including STX, after Nvidia’s strong results. Seagate Stock, Western Digital Bounce Back After Nvidia Results
• Positive Sentiment: Seagate’s exchange of $185.9 million in notes could support balance-sheet flexibility and reduce financial risk. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: CEO William Mosley sold 30,000 shares under a pre-arranged 10b5-1 plan; routine insider selling does not necessarily signal a fundamental change, but it can still weigh on sentiment. SEC filing
• Neutral Sentiment: Some analysts and commentators are questioning valuation, with Jim Cramer calling Seagate “too pricey,” which could limit further upside unless earnings keep accelerating. Jim Cramer on Seagate: “Too Pricey”
• Negative Sentiment: There is also growing caution that the AI memory/storage boom could slow later in the cycle, raising concerns about future supply, pricing, and demand. Advanced Energy, Vishay Precision, and Bel Fuse Shares Plummet, What You Need To Know

Wall Street Analysts Forecast Growth

STX has been the topic of several recent analyst reports. KeyCorp set a $500.00 price target on shares of Seagate Technology in a report on Wednesday, January 28th. Wall Street Zen raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Bank of America lifted their target price on shares of Seagate Technology from $700.00 to $840.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Finally, Robert W. Baird raised their price objective on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $733.71.

Seagate Technology Stock Up 0.3%

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 fifty day moving average price is $565.92 and its 200-day moving average price is $411.46. The stock has a market capitalization of $182.24 billion, a PE ratio of 77.11 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results 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. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 EPS. 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 earnings per share for the current year.

Seagate Technology Announces Dividend

The business 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 $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is currently 28.08%.

Insider Buying and Selling

In other news, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the sale, the executive vice president owned 3,691 shares in the company, valued at approximately $3,016,580.48. The trade was a 68.44% decrease in their position. 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 a total of 148,283 shares of company stock worth $88,528,318 over the last quarter. 0.79% of the stock is owned by insiders.

Institutional Trading of Seagate Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Summitry LLC bought a new position in shares of Seagate Technology during the first quarter valued at $211,000. CTC Alternative Strategies Ltd. purchased a new position in Seagate Technology in the 1st quarter worth about $322,000. Paragon Private Wealth Management LLC raised its position in Seagate Technology by 12.6% in the 1st quarter. Paragon Private Wealth Management LLC now owns 7,678 shares of the data storage provider’s stock worth $3,008,000 after buying an additional 857 shares during the last quarter. Edgestream Partners L.P. bought a new position in Seagate Technology during the 1st quarter valued at about $215,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after acquiring an additional 943,170 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

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.