Seagate Technology (NASDAQ:STX) Shares Up 4.4% – Still a Buy?

Seagate Technology Holdings PLC (NASDAQ:STX) shot up 4.4% during trading on Tuesday . The company traded as high as $792.01 and last traded at $771.01. 6,427,137 shares traded hands during trading, an increase of 51% from the average session volume of 4,244,382 shares. The stock had previously closed at $738.54.

Trending Headlines about Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Analysts and commentators point to three core reasons for optimism—robust earnings, AI/data-center demand and positive momentum—framing the rally as fundamentally driven rather than speculative. Read More.
• Positive Sentiment: Zacks labels STX a top momentum stock, noting technical strength and analyst upgrades that make it attractive to momentum-focused investors. Read More.
• Positive Sentiment: A feature on AI winners highlights a lesser-known AI play that has outpaced Nvidia, reinforcing the narrative that Seagate is benefiting from AI/storage demand and drawing new investor interest. Read More.
• Positive Sentiment: Multiple outlets report earnings-estimate revisions moving higher for Seagate, a bullish signal for near-term fundamentals and a common catalyst for further price gains. Read More.
• Positive Sentiment: Coverage highlighting Seagate as a growth stock (three reasons) and inclusion on Zacks’ #1 momentum list reinforce institutional and retail buy interest. Read More.
• Neutral Sentiment: Seagate announced management will present at upcoming investor conferences (J.P. Morgan and TD Cowen), which may give additional forward guidance and investor access but are not immediate earnings news. Read More.
• Neutral Sentiment: BusinessWire/Yahoo releases detail the same conference schedule and timing for presentations—useful for tracking potential management commentary. Read More.
• Neutral Sentiment: Feature pieces on long-term returns (what $1,000 would have become) raise investor interest and highlight strong multi-year performance, but have limited short-term catalytic value. Read More.
• Negative Sentiment: Some commentary warns the run-up may be overextended — Jim Cramer (via InsiderMonkey) flagged names like Seagate as “really overextended,” a caution that could prompt profit-taking or dampen momentum if echoed by institutional investors. Read More.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Evercore increased their price objective on shares of Seagate Technology from $550.00 to $750.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. China Renaissance increased their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Wells Fargo & Company increased their price objective on shares of Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. Finally, Wedbush increased their price objective on shares of Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $709.13.

Seagate Technology Stock Up 4.4%

The firm has a market capitalization of $172.88 billion, a P/E ratio of 73.15 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The business’s fifty day moving average price is $454.23 and its two-hundred day moving average price is $358.04.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the business earned $1.90 EPS. The company’s revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Insider Transactions at Seagate Technology

In other news, EVP Kian Fatt Chong sold 5,846 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the completion of the sale, the chief executive officer owned 355,591 shares in the company, valued at $149,607,801.43. This represents a 5.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,430 shares of company stock worth $28,544,576 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

A number of institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology in the 4th quarter worth approximately $28,000. Avion Wealth boosted its stake in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in Seagate Technology in the 4th quarter worth approximately $28,000. 92.87% of the stock is currently owned by institutional investors.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.