Seagate Technology (NASDAQ:STX) Reaches New 12-Month High - Here's What Happened

Key Points

• New 52-week high after Seagate reported a blowout quarter — EPS $4.10 vs. $3.51 estimate and revenue $3.11B (up 44.1% year-over-year), with Q4 2026 guidance of $4.80–$5.20 EPS.
• Analysts raised outlooks: several firms boosted price targets (Rosenblatt to $1,000, Argus to $750, UBS to $545) and the stock carries a consensus "Moderate Buy" with an average target of $709.13, attracting momentum investors.
• Seagate declared a quarterly dividend of $0.74 (annualized $2.96, ~0.4% yield) while insiders have recently sold shares; institutional ownership is high at about 92.9%.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $749.00 and last traded at $738.1740, with a volume of 6012724 shares trading hands. The stock had previously closed at $726.93.

Seagate Technology News Roundup

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

• Positive Sentiment: Company posted and was widely praised for a strong quarter (sales and EPS beat), which market commentary says drove the recent rally; analysts have lifted forecasts and earnings estimates. Read More.
• Positive Sentiment: Zacks and other outlets report that earnings estimates are moving higher for STX, signaling analyst upgrades that can support further upside. Read More.
• Positive Sentiment: STX was added to Zacks’ Rank #1 (Strong Buy) momentum list, which can attract short‑term momentum investors and higher trading volume. Read More.
• Positive Sentiment: Analyst coverage pieces highlight Seagate as a growth story with three reasons to consider it, reinforcing buy-side interest. Read More.
• Positive Sentiment: Management will present at the J.P. Morgan Global Tech & TD Cowen TMT conferences later this month — events that typically boost institutional engagement and can catalyze re-rating if management confirms demand trends. Read More.
• Neutral Sentiment: Long-term performance write-ups note that hypothetical $1,000 investments in Seagate years ago would have produced large gains; useful for investor context but not an immediate price driver. Read More.
• Neutral Sentiment: Round-ups and lists (e.g., S&P 500 movers that have doubled in 2026) mention Seagate among top performers — good PR but secondary to fundamental/earnings news. Read More.
• Negative Sentiment: Jim Cramer warned that stocks like Seagate look "overextended" for him despite recent strength, a cautionary view that can temper retail sentiment and prompt profit-taking. Read More.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group boosted their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Argus boosted their price objective on shares of Seagate Technology from $450.00 to $750.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, KeyCorp set a $500.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 28th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $709.13.

Seagate Technology Stock Up 1.5%

The firm's fifty day moving average price is $454.23 and its 200-day moving average price is $358.04. The company has a market capitalization of $165.52 billion, a price-to-earnings ratio of 70.04 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company's revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology's dividend payout ratio is 28.08%.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 24,584 shares of the company's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the completion of the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at approximately $152,779,151.07. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kian Fatt Chong sold 5,846 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Insiders have sold 70,430 shares of company stock valued at $28,544,576 over the last quarter. Company insiders own 0.79% of the company's stock.

Institutional Trading of Seagate Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC increased its holdings in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock valued at $27,000 after purchasing an additional 51 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology in the fourth quarter valued at $28,000. Concord Wealth Partners acquired a new stake in Seagate Technology in the fourth quarter valued at $28,000. McMillan Office Inc. acquired a new stake in Seagate Technology in the first quarter valued at $39,000. Finally, Avion Wealth increased its holdings in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 79 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Company Profile

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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