FY2025 Earnings Estimate for STX Issued By Cantor Fitzgerald

Seagate Technology Holdings plc (NASDAQ:STX - Free Report) - Research analysts at Cantor Fitzgerald reduced their FY2025 earnings per share estimates for Seagate Technology in a report released on Monday, April 28th. Cantor Fitzgerald analyst C. Muse now anticipates that the data storage provider will earn $6.60 per share for the year, down from their previous forecast of $6.67. Cantor Fitzgerald has a "Neutral" rating and a $120.00 price objective on the stock. The consensus estimate for Seagate Technology's current full-year earnings is $6.83 per share.

Several other equities analysts have also commented on the company. StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Wells Fargo & Company lowered their price objective on Seagate Technology from $120.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday. Summit Insights upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Citigroup cut their price objective on shares of Seagate Technology from $115.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Mizuho decreased their target price on shares of Seagate Technology from $115.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.89.

Seagate Technology Price Performance

Shares of NASDAQ:STX traded up $3.06 during trading on Wednesday, reaching $93.07. 3,408,252 shares of the company's stock traded hands, compared to its average volume of 2,851,796. The stock has a market capitalization of $19.70 billion, a P/E ratio of 17.01 and a beta of 1.31. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $115.32. The company has a 50 day moving average of $83.26 and a 200-day moving average of $92.82.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.15. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.33 earnings per share.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be given a $0.72 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 annualized dividend and a yield of 3.09%. Seagate Technology's dividend payout ratio (DPR) is 41.62%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 555,677 shares of the company's stock, valued at approximately $46,988,047.12. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Seagate Technology

A number of large investors have recently made changes to their positions in STX. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Seagate Technology by 9.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,834 shares of the data storage provider's stock worth $4,215,000 after buying an additional 4,229 shares during the period. Kingswood Wealth Advisors LLC boosted its position in Seagate Technology by 87.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 8,578 shares of the data storage provider's stock worth $740,000 after acquiring an additional 4,014 shares during the period. Norges Bank purchased a new position in Seagate Technology during the 4th quarter valued at about $25,729,000. Asset Management One Co. Ltd. increased its holdings in shares of Seagate Technology by 9.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 84,222 shares of the data storage provider's stock valued at $7,360,000 after purchasing an additional 7,599 shares during the period. Finally, Rheos Capital Works Inc. lifted its position in shares of Seagate Technology by 2.5% in the fourth quarter. Rheos Capital Works Inc. now owns 331,500 shares of the data storage provider's stock worth $28,612,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors and hedge funds 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.