Zacks Research Issues Pessimistic Estimate for STX Earnings

Seagate Technology Holdings plc (NASDAQ:STX - Free Report) - Stock analysts at Zacks Research decreased their Q1 2026 earnings per share (EPS) estimates for Seagate Technology in a research note issued on Tuesday, May 20th. Zacks Research analyst R. Department now expects that the data storage provider will earn $1.90 per share for the quarter, down from their prior forecast of $2.01. The consensus estimate for Seagate Technology's current full-year earnings is $6.83 per share.

A number of other equities analysts have also commented on STX. Rosenblatt Securities reissued a "buy" rating and issued a $130.00 price objective on shares of Seagate Technology in a research note on Friday. BNP Paribas Exane raised Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research note on Friday, May 16th. BNP Paribas raised Seagate Technology from a "strong sell" rating to a "hold" rating in a research note on Friday, May 16th. Bank of America upped their price target on Seagate Technology from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday. Finally, Cantor Fitzgerald upped their price target on Seagate Technology from $110.00 to $125.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.37.

Seagate Technology Stock Performance

Seagate Technology stock traded up $3.87 on Thursday, reaching $116.61. The company's stock had a trading volume of 2,091,349 shares, compared to its average volume of 3,886,056. The company has a market cap of $24.75 billion, a price-to-earnings ratio of 21.32 and a beta of 1.32. The business's fifty day moving average price is $87.09 and its 200 day moving average price is $92.64. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $116.67.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.15. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The firm had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The business's revenue was up 30.5% compared to the same quarter last year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.47%. The ex-dividend date is Wednesday, June 25th. Seagate Technology's payout ratio is 41.62%.

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

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 555,677 shares in the company, valued at $46,988,047.12. This 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 is available through the SEC website. Also, SVP Kian Fatt Chong sold 6,410 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $111.26, for a total value of $713,176.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,856 shares of company stock valued at $11,202,861. 0.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STX. Park Avenue Securities LLC grew its holdings in shares of Seagate Technology by 5.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,012 shares of the data storage provider's stock worth $519,000 after buying an additional 333 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Seagate Technology by 95.4% during the fourth quarter. Diversify Advisory Services LLC now owns 3,507 shares of the data storage provider's stock worth $312,000 after buying an additional 1,712 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Seagate Technology by 37.6% during the fourth quarter. UMB Bank n.a. now owns 852 shares of the data storage provider's stock worth $74,000 after buying an additional 233 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Seagate Technology by 46.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,266 shares of the data storage provider's stock worth $109,000 after buying an additional 404 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Seagate Technology by 3.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 11,122 shares of the data storage provider's stock worth $960,000 after buying an additional 388 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

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.