FY2025 EPS Estimate for Seagate Technology Raised by Analyst

Seagate Technology Holdings plc (NASDAQ:STX) – Analysts at Zacks Research upped their FY2025 EPS estimates for Seagate Technology in a research report issued to clients and investors on Tuesday, May 20th. Zacks Research analyst R. Department now anticipates that the data storage provider will post earnings per share of $7.07 for the year, up from their prior forecast of $6.69. The consensus estimate for Seagate Technology’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Seagate Technology’s Q4 2025 earnings at $2.19 EPS, Q2 2026 earnings at $2.02 EPS, Q3 2026 earnings at $2.03 EPS, Q4 2026 earnings at $2.15 EPS, FY2026 earnings at $8.09 EPS, Q1 2027 earnings at $2.23 EPS, Q2 2027 earnings at $2.30 EPS, Q3 2027 earnings at $2.43 EPS and FY2027 earnings at $9.55 EPS.

STX has been the topic of several other research reports. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Seagate Technology in a research report on Friday. Barclays boosted their price target on shares of Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on shares of Seagate Technology from $105.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday. UBS Group boosted their price target on shares of Seagate Technology from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, April 30th. Finally, Bank of America boosted their price target on shares of Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.37.

Seagate Technology Trading Up 3.6%

Shares of Seagate Technology stock opened at $112.74 on Friday. The company’s fifty day simple moving average is $86.62 and its two-hundred day simple moving average is $92.67. Seagate Technology has a 12-month low of $63.19 and a 12-month high of $115.32. The company has a market cap of $23.93 billion, a P/E ratio of 20.61 and a beta of 1.32.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The firm’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS.

Seagate Technology declared that its board has authorized a stock buyback program on Thursday, May 22nd that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to purchase up to 21.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Wednesday, June 25th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 annualized dividend and a dividend yield of 2.55%. Seagate Technology’s dividend payout ratio is presently 41.62%.

Insider Transactions at Seagate Technology

In related news, Director Judy Bruner sold 10,446 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $108.71, for a total transaction of $1,135,584.66. Following the transaction, the director now owns 12,268 shares in the company, valued at $1,333,654.28. This represents a 45.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the transaction, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. This trade represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,856 shares of company stock worth $11,202,861. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MBB Public Markets I LLC bought a new position in Seagate Technology during the first quarter valued at approximately $300,000. United Services Automobile Association bought a new position in Seagate Technology during the first quarter valued at approximately $385,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in Seagate Technology by 6.2% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,314 shares of the data storage provider’s stock valued at $366,000 after purchasing an additional 250 shares during the period. Jones Financial Companies Lllp lifted its position in Seagate Technology by 77.4% during the first quarter. Jones Financial Companies Lllp now owns 17,351 shares of the data storage provider’s stock valued at $1,474,000 after purchasing an additional 7,569 shares during the period. Finally, Panoramic Capital LLC lifted its position in Seagate Technology by 591.8% during the first quarter. Panoramic Capital LLC now owns 131,433 shares of the data storage provider’s stock valued at $11,165,000 after purchasing an additional 112,433 shares during the period. 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.