Affinity Capital Advisors LLC Has $4.15 Million Holdings in Seagate Technology Holdings PLC $STX

Key Points

• Affinity Capital Advisors cut its Seagate Technology stake by 28% in the second quarter, selling 1,672 shares and retaining 4,304 shares worth approximately $4.15 million. Institutional investors collectively own 92.87% of the company.
• Seagate reported quarterly earnings of $5.71 per share and revenue of $3.63 billion, exceeding estimates of $5.10 per share and $3.50 billion; revenue increased 48.5% year over year. The company issued first-quarter fiscal 2027 EPS guidance of $7.10 to $7.50.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus rating and an average price target of $986. Seagate also declared a quarterly dividend of $0.74 per share, equivalent to a 0.4% annualized yield.

Affinity Capital Advisors LLC lessened its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 28.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,304 shares of the data storage provider's stock after selling 1,672 shares during the quarter. Seagate Technology accounts for approximately 0.5% of Affinity Capital Advisors LLC's investment portfolio, making the stock its 29th biggest holding. Affinity Capital Advisors LLC's holdings in Seagate Technology were worth $4,153,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in STX. Bridgewater Advisors Inc. lifted its position in Seagate Technology by 0.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider's stock worth $579,000 after buying an additional 13 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock valued at $31,000 after acquiring an additional 15 shares in the last quarter. Beaumont Financial Advisors LLC increased its position in shares of Seagate Technology by 2.1% in the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider's stock valued at $321,000 after acquiring an additional 17 shares during the last quarter. Cornerstone Wealth Group LLC increased its position in shares of Seagate Technology by 0.5% in 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 acquiring an additional 19 shares during the last quarter. Finally, WealthCollab LLC boosted its position in Seagate Technology by 27.4% during the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $812.76 on Friday. The company's 50 day moving average price is $894.71 and its two-hundred day moving average price is $645.87. Seagate Technology Holdings PLC has a 12-month low of $148.56 and a 12-month high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a market cap of $184.21 billion, a PE ratio of 58.56 and a beta of 2.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts' consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company's revenue was up 48.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 34.42 earnings per share 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 given a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology's payout ratio is presently 21.33%.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 168 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $817.76, for a total transaction of $137,383.68. Following the completion of the transaction, the executive vice president directly owned 11,920 shares in the company, valued at $9,747,699.20. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 694 shares of the company's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $877.45, for a total value of $608,950.30. Following the sale, the executive vice president owned 347 shares of the company's stock, valued at $304,475.15. The trade was a 66.67% 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. Insiders have sold a total of 149,638 shares of company stock worth $126,692,095 in the last 90 days. Corporate insiders own 0.79% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on STX shares. China Renaissance upped their price target on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Bank of America lifted their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Seagate Technology from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Barclays lifted their price target on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Finally, Loop Capital upped their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the company a "buy" rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Analysts raised Seagate’s estimated fair value from $959.48 to $1,115.87, citing stronger hard-drive pricing power, AI-related storage demand, and improving expectations for margins and cash generation. Seagate stock fair value rises after analysts lift storage demand
• Positive Sentiment: Jim Cramer argued that Seagate’s recent earnings were not poor, reinforcing the view that the company remains a beneficiary of AI-related demand. Seagate previously exceeded quarterly earnings and revenue expectations and issued strong forward EPS guidance. Jim Cramer discusses Seagate earnings
• Neutral Sentiment: Seagate remains one of the growth stocks highlighted for August, with analysts pointing to continued AI-driven demand as a potential long-term opportunity. Top-ranked growth stocks for August
• Negative Sentiment: Western Digital’s earnings beat was overshadowed by guidance that failed to meet extremely high investor expectations. Because Seagate and Western Digital compete in hard-disk drives, the disappointment triggered broader selling across memory and storage stocks. Why Western Digital stock is sinking
• Negative Sentiment: Shares across the sector, including Seagate, Western Digital, Sandisk, Micron and SK Hynix, continued to weaken as investors questioned whether AI-related memory demand and pricing can sustain current valuations.
• Negative Sentiment: SK Hynix’s approval of roughly $38 billion for two new memory fabrication plants heightened concerns about future capacity expansion, capital spending and a possible oversupply cycle in 2027. SK Hynix approves new memory fabs

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.

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