1,818 Shares in Seagate Technology Holdings PLC $STX Acquired by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC has invested approximately $262,000 in Seagate Technology Holdings PLC, acquiring 1,818 shares during the second quarter.
• Seagate has a strong market presence with a market capitalization of $46.14 billion, and a recent quarterly revenue of $2.44 billion, reflecting a 29.5% increase year-over-year.
• Insider selling has been notable, as CEO William D. Mosley sold 20,000 shares worth about $3.08 million, reducing his ownership by 4.01%.

Sivia Capital Partners LLC acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,818 shares of the data storage provider's stock, valued at approximately $262,000.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in Seagate Technology in the fourth quarter valued at approximately $26,000. Fourth Dimension Wealth LLC bought a new position in Seagate Technology in the fourth quarter valued at approximately $27,000. Elequin Capital LP bought a new position in Seagate Technology in the fourth quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new position in Seagate Technology in the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC increased its stake in Seagate Technology by 2,200.0% in the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock valued at $39,000 after acquiring an additional 440 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Price Performance

Shares of NASDAQ:STX traded up $4.59 during midday trading on Friday, hitting $221.23. 4,831,576 shares of the company's stock were exchanged, compared to its average volume of 3,534,323. The stock has a 50 day moving average price of $166.69 and a 200-day moving average price of $125.54. The company has a market cap of $47.12 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 1.25 and a beta of 1.53. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $221.66.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be paid a $0.72 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.3%. Seagate Technology's dividend payout ratio (DPR) is 42.54%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 3,732 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $193.30, for a total value of $721,395.60. Following the completion of the sale, the executive vice president owned 4,172 shares in the company, valued at approximately $806,447.60. This trade represents a 47.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Ci Lee sold 1,116 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $153.36, for a total transaction of $171,149.76. Following the completion of the sale, the insider owned 257 shares of the company's stock, valued at approximately $39,413.52. This trade represents a 81.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,935 shares of company stock worth $12,289,616. Company insiders own 0.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on STX. Citigroup raised their target price on shares of Seagate Technology from $167.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Mizuho raised their target price on shares of Seagate Technology from $160.00 to $245.00 and gave the company an "outperform" rating in a research report on Friday. Rosenblatt Securities raised their target price on shares of Seagate Technology from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of Seagate Technology in a research report on Thursday, July 10th. They issued a "buy" rating and a $170.00 target price on the stock. Finally, Sanford C. Bernstein began coverage on shares of Seagate Technology in a research report on Tuesday. They issued an "outperform" rating and a $250.00 target price on the stock. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $177.95.

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.