Seagate Technology (NASDAQ:STX) Stock Price Up 2.4% – Here’s Why

Seagate Technology Holdings PLC (NASDAQ:STX) shares shot up 2.4% during mid-day trading on Tuesday . The company traded as high as $826.90 and last traded at $820.52. 3,146,057 shares were traded during trading, a decline of 29% from the average session volume of 4,432,234 shares. The stock had previously closed at $800.99.

Key Seagate Technology News

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

• Positive Sentiment: AI infrastructure expansion is driving demand for Seagate’s nearline mass-capacity hard drives. Data-center growth, multiyear capacity agreements and disciplined supply are improving pricing power and helping keep production capacity largely allocated through 2027. Seagate Technology: AI Runs On Disks Nobody Else Wants To Make
• Positive Sentiment: The company’s HAMR-based Mozaic platform is increasing storage density and strengthening its competitive position. Analysts and market commentary view the technology roadmap, along with Seagate’s build-to-order model, as supporting further margin expansion. Seagate Technology Gains From AI Boom: Is Long-Term Growth Secured?
• Positive Sentiment: Recent operating momentum remains strong: Seagate’s latest quarterly revenue rose 48.5% year over year to $3.63 billion, while earnings of $5.71 per share exceeded consensus estimates. The company also issued first-quarter fiscal 2027 EPS guidance of $7.10 to $7.50, reinforcing expectations for continued growth.
• Neutral Sentiment: Investment commentary remains constructive but acknowledges that STX’s substantial share-price gains and high valuation make the risk-reward profile more balanced. Strong cash flow, rising storage prices and faster HAMR adoption support the bull case, while valuation increases execution risk. Does STX Stock Still Have More Room to Run After Solid Q4 Earnings?
• Negative Sentiment: CFO Gianluca Romano sold a combined 22,211 Seagate shares worth approximately $17.8 million, reducing his holdings materially. Because the transactions were executed under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than a negative view of the business, but the sales can still weigh on sentiment. SEC insider trading filing

Analyst Ratings Changes

STX has been the topic of several recent research reports. UBS Group upped their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Barclays raised their target price on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Mizuho upped their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,300.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Finally, Rosenblatt Securities lifted their price objective on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Stock Up 2.4%

The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The firm has a market cap of $185.97 billion, a price-to-earnings ratio of 59.12 and a beta of 2.06. The business’s 50 day moving average price is $892.31 and its 200 day moving average price is $651.47.

Seagate Technology (NASDAQ:STX) last posted 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 firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business’s revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts forecast that Seagate Technology Holdings PLC will post 34.42 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

Insiders Place Their Bets

In other news, EVP John Christopher Morris sold 168 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $817.76, for a total transaction of $137,383.68. Following the transaction, the executive vice president owned 11,920 shares in the company, valued at $9,747,699.20. This trade represents a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 880 shares of Seagate Technology stock in a transaction on Friday, August 7th. The shares were sold at an average price of $845.12, for a total transaction of $743,705.60. Following the completion of the sale, the chief financial officer directly owned 20,663 shares in the company, valued at $17,462,714.56. This represents a 4.08% 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 171,849 shares of company stock valued at $144,526,198 over the last quarter. Insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Several institutional investors have recently modified their holdings of the stock. Salomon & Ludwin LLC boosted its holdings in Seagate Technology by 124.4% in 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 last quarter. Rakuten Securities Inc. raised its holdings in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. Avion Wealth raised its holdings in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the last quarter. Concord Wealth Partners purchased a new position in shares of Seagate Technology in the fourth quarter valued at approximately $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 15 shares during the last quarter. 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.