Zacks Research Has Pessimistic Outlook of STX Q1 Earnings

Seagate Technology Holdings plc (NASDAQ:STX - Free Report) - Zacks Research cut their Q1 2026 earnings per share estimates for Seagate Technology in a research note issued to investors on Tuesday, May 20th. Zacks Research analyst R. Department now anticipates that the data storage provider will post earnings per share of $1.90 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.

Other analysts have also recently issued research reports about the company. Wedbush reissued an "outperform" rating and issued a $140.00 price objective on shares of Seagate Technology in a research report on Wednesday. Northland Securities reiterated an "outperform" rating and issued a $160.00 price target (up from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Mizuho dropped their price target on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company cut their price objective on shares of Seagate Technology from $120.00 to $105.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.21.

Seagate Technology Stock Down 2.4%

NASDAQ:STX opened at $104.43 on Thursday. The firm has a 50 day moving average of $85.77 and a 200 day moving average of $92.60. Seagate Technology has a 52 week low of $63.19 and a 52 week high of $115.32. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 19.09 and a beta of 1.32.

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

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Wednesday, June 25th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Wednesday, June 25th. Seagate Technology's dividend payout ratio (DPR) is presently 41.62%.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 directly owns 555,677 shares of the company's stock, valued at $46,988,047.12. This trade represents a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Seagate Technology

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in shares of Seagate Technology by 56.5% during the 4th quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider's stock valued at $1,348,262,000 after acquiring an additional 5,640,443 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Seagate Technology by 12.9% during the 1st quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider's stock worth $1,607,321,000 after buying an additional 2,161,191 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Seagate Technology by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider's stock valued at $2,414,446,000 after buying an additional 1,814,821 shares during the period. Wellington Management Group LLP lifted its holdings in Seagate Technology by 3,339.4% in the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider's stock valued at $79,343,000 after acquiring an additional 906,840 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Seagate Technology in the fourth quarter valued at approximately $77,341,000. Hedge funds and other institutional investors own 92.87% of the company's stock.

About Seagate Technology

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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