Seagate Technology (NASDAQ:STX) Issues Quarterly Earnings Results

Seagate Technology (NASDAQ:STX - Get Free Report) posted its quarterly earnings data on Tuesday. The data storage provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.15, Briefing.com reports. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. Seagate Technology's quarterly revenue was up 30.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. Seagate Technology updated its Q4 2025 guidance to 2.200-2.600 EPS.

Seagate Technology Trading Up 2.6 %

STX traded up $2.38 during midday trading on Friday, hitting $92.39. The company's stock had a trading volume of 1,397,010 shares, compared to its average volume of 3,838,453. The firm has a market cap of $19.56 billion, a P/E ratio of 16.89 and a beta of 1.31. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $115.32. The firm has a 50-day moving average price of $83.39 and a two-hundred day moving average price of $93.08.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 annualized dividend and a yield of 3.12%. Seagate Technology's dividend payout ratio (DPR) is presently 41.62%.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total value of $1,691,200.00. Following the transaction, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on STX shares. Wedbush restated an "outperform" rating and issued a $140.00 price objective (down previously from $150.00) on shares of Seagate Technology in a research report on Wednesday. Morgan Stanley dropped their price objective on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Northland Securities reissued an "outperform" rating and issued a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. Citigroup decreased their target price on shares of Seagate Technology from $115.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company cut their price target on shares of Seagate Technology from $120.00 to $105.00 and set an "equal weight" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.89.

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.