Cantor Fitzgerald Estimates STX FY2026 Earnings

Seagate Technology Holdings plc (NASDAQ:STX) – Stock analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for Seagate Technology in a report released on Monday, June 9th. Cantor Fitzgerald analyst C. Muse forecasts that the data storage provider will post earnings of $8.73 per share for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $125.00 target price on the stock. The consensus estimate for Seagate Technology’s current full-year earnings is $6.83 per share.

A number of other research analysts have also issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $140.00 target price on shares of Seagate Technology in a report on Wednesday, May 21st. Mizuho decreased their target price on Seagate Technology from $115.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Citigroup lifted their target price on Seagate Technology from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. BNP Paribas Exane upgraded Seagate Technology from an “underperform” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Friday, May 16th. Finally, BNP Paribas upgraded Seagate Technology from a “strong sell” rating to a “hold” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and an average target price of $119.42.

Seagate Technology Trading Down 1.7%

NASDAQ:STX opened at $127.99 on Tuesday. The firm has a market cap of $27.16 billion, a PE ratio of 23.40 and a beta of 1.40. The stock has a fifty day moving average price of $95.36 and a 200 day moving average price of $94.54. Seagate Technology has a 12-month low of $63.19 and a 12-month high of $132.23.

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

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be given a $0.72 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.25%. Seagate Technology’s dividend payout ratio (DPR) is presently 41.62%.

Seagate Technology declared that its Board of Directors has initiated a share repurchase program on Thursday, May 22nd that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the data storage provider to repurchase up to 21.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $117.01, for a total value of $87,757.50. Following the transaction, the director now owns 5,055 shares in the company, valued at $591,485.55. The trade was a 12.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 555,677 shares in the company, valued at $46,988,047.12. This trade represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 393,192 shares of company stock valued at $46,303,128 in the last three months. 0.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Yousif Capital Management LLC raised its stake in shares of Seagate Technology by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 27,594 shares of the data storage provider’s stock worth $2,382,000 after buying an additional 121 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Seagate Technology by 37.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,150 shares of the data storage provider’s stock worth $1,760,000 after buying an additional 5,527 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Seagate Technology by 3.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,613 shares of the data storage provider’s stock worth $41,395,000 after buying an additional 14,185 shares in the last quarter. Vest Financial LLC raised its stake in shares of Seagate Technology by 33.4% during the 4th quarter. Vest Financial LLC now owns 4,950 shares of the data storage provider’s stock worth $427,000 after buying an additional 1,238 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of Seagate Technology by 5.7% during the 4th quarter. Apollon Wealth Management LLC now owns 12,887 shares of the data storage provider’s stock worth $1,112,000 after buying an additional 693 shares in the last quarter. Institutional investors and hedge funds 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.