Wedbush Reaffirms Outperform Rating for Seagate Technology (NASDAQ:STX)

Wedbush restated their outperform rating on shares of Seagate Technology (NASDAQ:STX) in a research note released on Wednesday morning,RTT News reports. They currently have a $150.00 target price on the data storage provider’s stock. Wedbush also issued estimates for Seagate Technology’s Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $2.28 EPS, FY2025 earnings at $7.03 EPS, Q1 2026 earnings at $2.41 EPS, Q2 2026 earnings at $3.01 EPS and FY2026 earnings at $12.87 EPS.

A number of other equities analysts have also recently commented on STX. Susquehanna lifted their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a research report on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $120.00 price objective on shares of Seagate Technology in a report on Wednesday. UBS Group raised their price target on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday. Mizuho lowered their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Evercore ISI increased their price objective on Seagate Technology from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Trading Down 0.2 %

Shares of Seagate Technology stock opened at $108.19 on Wednesday. The business’s 50-day moving average price is $95.00 and its 200-day moving average price is $100.42. The firm has a market capitalization of $22.89 billion, a PE ratio of 19.78 and a beta of 1.06. Seagate Technology has a 12 month low of $82.31 and a 12 month high of $115.32.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm posted ($0.34) earnings per share. The business’s revenue was up 49.1% compared to the same quarter last year. As a group, analysts predict that Seagate Technology will post 6.92 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 2.66%. Seagate Technology’s payout ratio is 52.65%.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the completion of the transaction, the chief executive officer now owns 622,497 shares of the company’s stock, valued at approximately $64,011,366.51. This trade represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kian Fatt Chong sold 9,182 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $105.50, for a total transaction of $968,701.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,073 shares of company stock worth $5,106,149. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in Seagate Technology by 133.8% in the third quarter. Victory Capital Management Inc. now owns 171,952 shares of the data storage provider’s stock worth $18,834,000 after purchasing an additional 98,418 shares during the period. Versor Investments LP bought a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $2,146,000. Lighthouse Investment Partners LLC purchased a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $499,000. Forte Capital LLC ADV increased its position in Seagate Technology by 29.8% during the 3rd quarter. Forte Capital LLC ADV now owns 28,972 shares of the data storage provider’s stock valued at $3,173,000 after buying an additional 6,653 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Seagate Technology by 3,549.7% during the third quarter. International Assets Investment Management LLC now owns 204,493 shares of the data storage provider’s stock valued at $22,398,000 after buying an additional 198,890 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other 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.