Zacks Research Issues Positive Forecast for STX Earnings

Seagate Technology Holdings PLC (NASDAQ:STX) – Research analysts at Zacks Research raised their Q4 2026 earnings estimates for Seagate Technology in a report released on Tuesday, November 18th. Zacks Research analyst Team now anticipates that the data storage provider will post earnings of $2.83 per share for the quarter, up from their previous forecast of $2.59. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Seagate Technology’s current full-year earnings is $6.83 per share.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.21. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.58 EPS. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS.

Several other analysts also recently commented on STX. Loop Capital increased their target price on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Thursday, November 13th. UBS Group dropped their target price on shares of Seagate Technology from $235.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Susquehanna increased their price target on Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group raised their price target on Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.41.

Seagate Technology Stock Up 3.2%

Shares of NASDAQ STX traded up $8.39 during trading on Thursday, reaching $267.53. The company had a trading volume of 613,298 shares, compared to its average volume of 4,061,403. Seagate Technology has a 12-month low of $63.19 and a 12-month high of $297.88. The business’s 50-day moving average is $238.04 and its 200 day moving average is $174.64. The stock has a market cap of $57.13 billion, a PE ratio of 34.15, a P/E/G ratio of 1.17 and a beta of 1.63.

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a $0.74 dividend. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. Seagate Technology’s dividend payout ratio (DPR) is currently 38.00%.

Insider Buying and Selling

In related news, EVP Kian Fatt Chong sold 7,078 shares of Seagate Technology stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $272.14, for a total transaction of $1,926,206.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the transaction, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 131,261 shares of company stock worth $34,210,708 in the last quarter. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Several hedge funds have recently bought and sold shares of STX. Harbor Asset Planning Inc. purchased a new position in shares of Seagate Technology in the second quarter valued at $27,000. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. MTM Investment Management LLC purchased a new position in Seagate Technology in the second quarter worth about $29,000. First Horizon Corp bought a new stake in shares of Seagate Technology in the 3rd quarter valued at approximately $33,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of Seagate Technology in the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.