Seagate Technology (NASDAQ:STX) Stock Unloaded Rep. Julie Johnson

Key Points

• Representative Julie Johnson sold between $1,001 and $15,000 in Seagate Technology stock on July 29th, as part of reported trades including shares of other major companies like Microsoft and Chevron.
• Seagate Technology reported $2.59 earnings per share for the last quarter, exceeding estimates and showing a year-over-year revenue increase of 29.5% to $2.44 billion.
• The company has authorized a $5 billion stock buyback program, indicating a belief by its board that the stock is undervalued, and declared a quarterly dividend of $0.72 per share, with an annual yield of 1.9%.

Representative Julie Johnson (D-Texas) recently sold shares of Seagate Technology Holdings PLC NASDAQ: STX. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Seagate Technology stock on July 29th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/29/2025.
• Purchased $1,001 - $15,000 in shares of Packaging Corporation of America NYSE: PKG on 7/25/2025.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 7/25/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 7/25/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 7/25/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 7/24/2025.
• Sold $1,001 - $15,000 in shares of Philip Morris International NYSE: PM on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of CME Group NASDAQ: CME on 7/22/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Packaging Corporation of America NYSE: PKG on 7/22/2025.

Seagate Technology Stock Performance

STX opened at $154.43 on Friday. The business has a 50 day moving average price of $144.66 and a 200 day moving average price of $111.30. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $158.00. The firm has a market cap of $32.84 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.50.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company earned $1.05 EPS. The company's revenue for the quarter was up 29.5% on a year-over-year basis. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology announced that its board has authorized a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the data storage provider to purchase up to 21.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 30th. Seagate Technology's payout ratio is currently 42.54%.

Wall Street Analysts Forecast Growth

STX has been the subject of several analyst reports. Citigroup boosted their target price on Seagate Technology from $140.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group began coverage on shares of Seagate Technology in a research report on Thursday, July 10th. They set a "buy" rating and a $170.00 target price on the stock. BNP Paribas raised shares of Seagate Technology from a "strong sell" rating to a "hold" rating in a research report on Friday, May 16th. UBS Group boosted their target price on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company boosted their target price on shares of Seagate Technology from $122.00 to $160.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.44.

Institutional Trading of Seagate Technology

A number of large investors have recently bought and sold shares of the stock. Ameriflex Group Inc. bought a new stake in shares of Seagate Technology during the fourth quarter worth $26,000. Elequin Capital LP bought a new stake in shares of Seagate Technology during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Seagate Technology during the fourth quarter worth $27,000. Harbor Asset Planning Inc. bought a new stake in shares of Seagate Technology during the second quarter worth $27,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock worth $27,000 after purchasing an additional 168 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider James Ci Lee sold 1,116 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $153.36, for a total value of $171,149.76. Following the transaction, the insider owned 257 shares in the company, valued at $39,413.52. This trade represents a 81.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $153.75, for a total value of $3,075,000.00. Following the completion of the transaction, the chief executive officer owned 478,912 shares in the company, valued at approximately $73,632,720. This represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 430,270 shares of company stock worth $53,173,431 over the last ninety days. Company insiders own 0.81% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

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.

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