Seagate Technology Holdings PLC (NASDAQ:STX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) have earned an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $792.4583.

Several research analysts have commented on STX shares. Wells Fargo & Company lifted their price target on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Wall Street Zen upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Loop Capital upped their price target on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Bank of America upped their price target on Seagate Technology from $900.00 to $1,000.00 in a research report on Monday. Finally, Susquehanna upped their price target on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th.

Key Seagate Technology News

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

• Positive Sentiment: Mizuho raised its price target on Seagate to $1,090, citing AI-related growth potential and implying additional upside if demand trends continue. Mizuho raises its Seagate stock price target to $1,090 on AI growth. My models show 130% gains are possible over the next 4 years
• Positive Sentiment: Yahoo Finance highlighted Seagate as gaining on “unprecedented AI-driven demand,” with analysts expecting strong EPS growth over the next several years and recent bullish calls reinforcing the growth story. Seagate Technology (STX) Gaining on Unprecedented AI-Driven Demand
• Positive Sentiment: Recent coverage from Citi and Bank of America also stayed constructive on Seagate, including a BofA target hike to $1,000, signaling continued analyst confidence in the company’s AI storage opportunity. Citi Remains Bullish on Seagate Technology (STX) – Here’s Why
• Neutral Sentiment: Several recent articles frame Seagate as an AI infrastructure beneficiary with Mozaic/HAMR technology and improving revenue and cash flow, but these are mostly reiterations of the bullish thesis rather than new company-specific catalysts. Is Seagate (STX) Quietly Becoming an AI Infrastructure Linchpin Through Its Mozaic Storage Strategy?
• Neutral Sentiment: Some headlines note STX is trading down alongside other semiconductor and storage names due to broader sector weakness and geopolitical/macro worries, which may be weighing on the stock in the short term. Seagate, Amtech, and Lattice Semiconductor Shares Are Falling, What You Need To Know
• Negative Sentiment: One Zacks piece cautioned that despite Seagate’s sharp recent run, valuation risk has risen after the stock’s big surge, which could limit near-term upside. STX Stock Tops Industry Returns in 3 Months: A Smart Investment Now?

Seagate Technology Stock Down 3.5%

Shares of STX stock opened at $815.99 on Thursday. The stock’s 50 day simple moving average is $689.85 and its 200 day simple moving average is $468.16. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology has a twelve month low of $124.63 and a twelve month high of $966.80. The company has a market capitalization of $182.97 billion, a price-to-earnings ratio of 77.42 and a beta of 2.04.

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

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is 28.08%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 13,780 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $924.99, for a total value of $12,746,362.20. Following the sale, the chief executive officer directly owned 323,591 shares in the company, valued at $299,318,439.09. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $885.33, for a total value of $663,997.50. Following the completion of the sale, the director owned 4,101 shares in the company, valued at $3,630,738.33. This trade represents a 15.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 155,187 shares of company stock valued at $108,267,701. 0.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Seagate Technology

A number of institutional investors and hedge funds have recently bought and sold shares of STX. Integrated Wealth Concepts LLC boosted its stake in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Seagate Technology in the second quarter worth $262,000. Cerity Partners LLC boosted its stake in Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after purchasing an additional 7,517 shares in the last quarter. Sei Investments Co. boosted its stake in Seagate Technology by 64.8% in the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after purchasing an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Seagate Technology by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after purchasing an additional 462 shares in 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.