Seagate Technology (NASDAQ:STX) Shares Up 1.5% - Here's Why

Key Points

• Shares rose about 1.5% on heavy volume after Seagate reported a strong quarter, beating estimates with EPS $4.10 vs $3.51 and revenue of $3.11B (up 44.1% year-over-year).
• Analysts and models are lifting forecasts and price targets—examples include Cantor Fitzgerald to $1,000, BofA to $840 and Wells Fargo to $700—and Seagate was added to Zacks’ Rank #1, supporting near-term momentum (consensus target ≈ $709).
• Management set Q4 FY2026 guidance of EPS $4.80–$5.20, announced a $0.74 quarterly dividend (annualized $2.96, ~0.4% yield), and the stock trades at a market cap of ~$165.5B with a P/E around 70.

Shares of Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) shot up 1.5% during mid-day trading on Monday . The company traded as high as $749.00 and last traded at $738.1740. 5,983,764 shares traded hands during trading, an increase of 42% from the average session volume of 4,225,542 shares. The stock had previously closed at $726.93.

More Seagate Technology News

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

• Positive Sentiment: Seagate reported a very strong fiscal quarter that beat Wall Street on revenue and EPS, which is the fundamental driver behind the recent rally. Why Seagate Stock Skyrocketed This Week
• Positive Sentiment: Analysts and models are revising earnings estimates higher for STX, supporting near-term upside as forecasts and sentiment adjust to stronger results. Earnings Estimates Moving Higher for Seagate (STX): Time to Buy?
• Positive Sentiment: Seagate was added to Zacks’ Rank #1 (Strong Buy) momentum list, which can attract short-term momentum flows and trading interest. Best Momentum Stock to Buy for May 4th
• Positive Sentiment: Multiple articles highlight improving analyst sentiment and growth case for Seagate as AI/data-center demand supports mass-capacity storage makers. Forecast: Analysts Think Seagate Technology Holdings plc's Business Prospects Have Improved Drastically
• Neutral Sentiment: Positive press pieces on long-term returns and growth attributes boost investor interest but are less directly catalytic than earnings or estimate changes. Here's How Much a $1000 Investment in Seagate Made 10 Years Ago Would Be Worth Today
• Neutral Sentiment: Management will present at upcoming investor conferences (J.P. Morgan, TD Cowen), which gives investors more chances for guidance/visibility but is routine. Seagate to Participate in Upcoming Investor Events
• Negative Sentiment: Not all commentators are bullish: Jim Cramer warned stocks like Seagate look “overextended,” a caution that could prompt profit-taking or increased volatility despite strong fundamentals. Jim Cramer Says Stocks Like Seagate “Are Really Overextended” For Him

Analyst Upgrades and Downgrades

A number of research firms have issued reports on STX. Wells Fargo & Company increased their target price on Seagate Technology from $450.00 to $700.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of Seagate Technology in a report on Friday, March 27th. Cantor Fitzgerald increased their target price on Seagate Technology from $700.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. Bank of America increased their target price on Seagate Technology from $700.00 to $840.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Finally, Susquehanna raised their price target on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 29th. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $709.13.

Seagate Technology Trading Up 1.5%

The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The business has a 50-day moving average of $454.23 and a 200-day moving average of $358.04. The firm has a market cap of $165.52 billion, a price-to-earnings ratio of 70.04 and a beta of 1.98.

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

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology's dividend payout ratio (DPR) is currently 28.08%.

Insider Buying and Selling at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the firm's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Mosley sold 24,584 shares of the firm'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 of the company's stock, valued at $152,779,151.07. This represents a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 70,430 shares of company stock valued at $28,544,576 over the last three months. 0.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Seagate Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Seagate Technology by 1.6% during the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider's stock worth $6,642,796,000 after purchasing an additional 442,749 shares during the period. State Street Corp boosted its position in Seagate Technology by 1.0% during the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider's stock worth $2,587,535,000 after purchasing an additional 94,527 shares during the period. Morgan Stanley boosted its position in Seagate Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider's stock worth $1,464,391,000 after purchasing an additional 258,151 shares during the period. WCM Investment Management LLC bought a new position in Seagate Technology during the third quarter worth $1,187,621,000. Finally, Geode Capital Management LLC boosted its position in Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider's stock worth $1,343,683,000 after purchasing an additional 234,436 shares during the period. Institutional investors own 92.87% of the company's stock.

About Seagate Technology

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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