Seagate Technology (NASDAQ:STX) Sets New 12-Month High – Should You Buy?

Seagate Technology Holdings PLC (NASDAQ:STX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $823.98 and last traded at $813.5030, with a volume of 654735 shares. The stock had previously closed at $782.64.

More Seagate Technology News

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

• Positive Sentiment: Evercore raised its price target on Seagate Technology from $750 to $1,000 and reiterated an outperform rating, signaling confidence in further upside from current levels.
• Positive Sentiment: BofA Securities lifted its price target to $840 from $700 and kept a Buy rating after Seagate delivered strong fiscal third-quarter 2026 results, reinforcing optimism around earnings and demand. Seagate Technology Holdings Plc (STX) Poised for Robust Growth as a Top Tech Stock in Louis Navellier’s Portfolio
• Positive Sentiment: Market commentary notes Seagate has been one of the standout tech performers in 2026, with the stock hitting all-time highs amid a multi-quarter earnings inflection and strong sector appetite for memory-related names. Seagate Technology (STX) At Its All-Time High Following A Multi-Quarter Earnings Inflection
• Neutral Sentiment: Reports showing increased attention on memory-focused funds, such as the Roundhill Memory ETF, support broader investor enthusiasm for the storage and memory cycle, which may be helping sentiment toward Seagate.
• Negative Sentiment: There was a reported increase in short interest, but the filing data appears inconsistent and showed zero shares outstanding, so this looks unlikely to be a meaningful bearish catalyst.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STX shares. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Barclays boosted their target price on Seagate Technology from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Susquehanna boosted their target price on Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. The Goldman Sachs Group boosted their target price on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, KeyCorp set a $500.00 target price on Seagate Technology in a report on Wednesday, January 28th. 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $719.54.

Seagate Technology Stock Performance

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 stock has a market cap of $181.35 billion, a price-to-earnings ratio of 76.74 and a beta of 1.98. The company’s 50-day simple moving average is $500.14 and its 200-day simple moving average is $382.23.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid 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 presently 28.08%.

Insiders Place Their Bets

In related news, Director Stephanie Tilenius sold 1,580 shares of Seagate Technology stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $766.61, for a total value of $1,211,243.80. Following the completion of the sale, the director owned 10,664 shares of the company’s stock, valued at approximately $8,175,129.04. The trade was a 12.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gianluca Romano sold 1,902 shares of Seagate Technology stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $770.00, for a total transaction of $1,464,540.00. Following the completion of the sale, the chief financial officer directly owned 40,945 shares of the company’s stock, valued at approximately $31,527,650. The trade was a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 102,723 shares of company stock worth $53,301,684 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of STX. Annis Gardner Whiting Capital Advisors LLC grew its position in Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares during the period. Beaumont Financial Advisors LLC grew its position in Seagate Technology by 2.1% during the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock valued at $321,000 after buying an additional 17 shares during the period. Cornerstone Wealth Group LLC grew its position in Seagate Technology by 0.5% during the first quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock valued at $1,388,000 after buying an additional 19 shares during the period. Gateway Investment Advisers LLC grew its position in Seagate Technology by 1.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after buying an additional 25 shares during the period. Finally, Trajan Wealth LLC grew its position in Seagate Technology by 1.9% during the fourth quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock valued at $365,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

About Seagate Technology

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.