Seagate Technology Holdings PLC (NASDAQ:STX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $158.1111.

Several analysts have weighed in on STX shares. BNP Paribas Exane upgraded shares of Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a research note on Friday, May 16th. BNP Paribas upgraded shares of Seagate Technology from a "strong sell" rating to a "hold" rating in a research note on Friday, May 16th. Susquehanna lifted their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a research note on Wednesday, July 30th. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird lifted their price objective on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th.

Seagate Technology Stock Up 2.0%

Shares of NASDAQ STX traded up $3.77 during mid-day trading on Tuesday, reaching $196.81. 3,624,720 shares of the company were exchanged, compared to its average volume of 3,862,577. The company's 50-day simple moving average is $157.87 and its 200-day simple moving average is $120.23. The stock has a market capitalization of $41.86 billion, a P/E ratio of 29.07, a P/E/G ratio of 1.18 and a beta of 1.53. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $199.24.

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

Seagate Technology Dividend Announcement

The firm 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 1.5%. Seagate Technology's payout ratio is 42.54%.

Seagate Technology announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 22nd that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the data storage provider to buy up to 21.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, Director Jay L. Geldmacher sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the transaction, the director directly owned 352 shares in the company, valued at approximately $52,976. The trade was a 87.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Ci Lee sold 3,509 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the transaction, the insider owned 1,288 shares of the company's stock, valued at $199,305.12. The trade was a 73.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,078 shares of company stock valued at $8,561,503 over the last quarter. 0.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds and other institutional investors have recently made changes to their positions in STX. Cetera Investment Advisers raised its position in shares of Seagate Technology by 3.8% in the 4th quarter. Cetera Investment Advisers now owns 55,069 shares of the data storage provider's stock valued at $4,753,000 after buying an additional 2,038 shares in the last quarter. Deutsche Bank AG raised its position in shares of Seagate Technology by 53.7% in the 4th quarter. Deutsche Bank AG now owns 1,130,761 shares of the data storage provider's stock valued at $97,596,000 after buying an additional 394,908 shares in the last quarter. Ethic Inc. raised its position in shares of Seagate Technology by 7.7% in the 4th quarter. Ethic Inc. now owns 18,592 shares of the data storage provider's stock valued at $1,605,000 after buying an additional 1,324 shares in the last quarter. Focus Partners Wealth increased its position in Seagate Technology by 81.3% during the 4th quarter. Focus Partners Wealth now owns 14,457 shares of the data storage provider's stock worth $1,274,000 after purchasing an additional 6,483 shares in the last quarter. Finally, Gotham Asset Management LLC increased its position in Seagate Technology by 75.4% during the 4th quarter. Gotham Asset Management LLC now owns 45,138 shares of the data storage provider's stock worth $3,896,000 after purchasing an additional 19,399 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.