Seagate Technology (NASDAQ:STX) Sets New 1-Year High on Analyst Upgrade

Key Points

• Seagate Technology reached a new 52-week high after an upgrade from Cantor Fitzgerald, raising its price target from $175.00 to $280.00, reflecting strong analyst confidence.
• The company recently reported $2.59 earnings per share, surpassing analyst estimates, and has set a Q1 2026 EPS guidance of 2.100-2.500.
• Seagate announced a quarterly dividend of $0.72 per share, with a scheduled payment date of October 9th, indicating a commitment to returning value to shareholders.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday after Cantor Fitzgerald raised their price target on the stock from $175.00 to $280.00. Cantor Fitzgerald currently has an overweight rating on the stock. Seagate Technology traded as high as $227.88 and last traded at $226.63, with a volume of 864875 shares changing hands. The stock had previously closed at $221.23.

Several other equities analysts also recently issued reports on the stock. TD Cowen upped their price objective on shares of Seagate Technology from $135.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Morgan Stanley upped their price objective on shares of Seagate Technology from $167.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Benchmark upped their price objective on shares of Seagate Technology from $165.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Citigroup upped their price objective on shares of Seagate Technology from $167.00 to $215.00 and gave the company a "buy" rating in a report on Monday, September 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Seagate Technology in a report on Thursday, July 10th. They set a "buy" rating and a $170.00 price objective on the stock. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $183.47.

Insiders Place Their Bets

In other Seagate Technology news, insider James Ci Lee sold 1,116 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $153.36, for a total value of $171,149.76. Following the sale, the insider owned 257 shares in the company, valued at approximately $39,413.52. This represents a 81.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ban Seng Teh sold 3,732 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was 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 represents a 47.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,935 shares of company stock worth $12,289,616. Corporate insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On Seagate Technology

Institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. acquired a new stake in Seagate Technology in the 4th quarter valued at $26,000. Fourth Dimension Wealth LLC acquired a new stake in Seagate Technology in the 4th quarter valued at $27,000. Harbor Asset Planning Inc. acquired a new stake in Seagate Technology in the 2nd quarter valued at $27,000. Rakuten Securities Inc. grew its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after acquiring an additional 168 shares during the period. Finally, MTM Investment Management LLC acquired a new stake in Seagate Technology in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Performance

The business's 50 day moving average is $168.29 and its 200-day moving average is $127.03. The stock has a market cap of $48.84 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 1.28 and a beta of 1.53.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.14. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the company earned $1.05 EPS. The firm's revenue for the quarter was up 29.5% compared to the same quarter last year. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Sell-side 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 issued a $0.72 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. Seagate Technology's dividend payout ratio (DPR) is presently 42.54%.

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.