Seagate Technology Holdings PLC (NASDAQ:STX) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Seagate Technology Holdings PLC has received an average rating of "Moderate Buy" from 22 brokerages, with an average 12-month price target of $193.32.
• Recent transactions include significant stock sales by executives, notably CEO William D. Mosley, who sold 20,000 shares valued at approximately $5 million.
• The company has announced a quarterly dividend of $0.72 per share, with an annualized yield of 1.1%, payable on October 9th to shareholders of record as of September 30th.

Shares of Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-two brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $193.3158.

STX has been the topic of a number of research reports. Citigroup boosted their target price on shares of Seagate Technology from $167.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Morgan Stanley lifted their price target on shares of Seagate Technology from $168.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Wells Fargo & Company increased their price objective on Seagate Technology from $122.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Benchmark raised their target price on Seagate Technology from $165.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Finally, TD Cowen upped their price target on Seagate Technology from $135.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th.

Insider Activity

In other news, EVP John Christopher Morris sold 15,347 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the transaction, the executive vice president owned 9,843 shares in the company, valued at approximately $1,927,259.40. The trade was a 60.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the sale, the chief executive officer owned 485,668 shares of the company's stock, valued at approximately $121,368,433.20. This trade represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,935 shares of company stock worth $14,394,416. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Personal CFO Solutions LLC bought a new stake in Seagate Technology in the first quarter valued at $223,000. Amalgamated Bank grew its stake in shares of Seagate Technology by 0.8% in the 1st quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider's stock valued at $2,545,000 after buying an additional 243 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in Seagate Technology in the 1st quarter valued at about $272,000. Alps Advisors Inc. raised its stake in Seagate Technology by 10.2% during the 1st quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider's stock worth $23,687,000 after buying an additional 25,817 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in Seagate Technology in the second quarter worth approximately $322,000. 92.87% of the stock is owned by institutional investors.

Seagate Technology Stock Down 0.8%

Shares of STX opened at $252.79 on Friday. The stock has a market cap of $53.84 billion, a PE ratio of 37.34, a PEG ratio of 1.14 and a beta of 1.63. Seagate Technology has a 12-month low of $63.19 and a 12-month high of $264.83. The business has a 50-day simple moving average of $183.78 and a two-hundred day simple moving average of $135.66.

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

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's dividend payout ratio is currently 42.54%.

About Seagate Technology

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.

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