William Mosley Sells 30,000 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the sale, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Trading Up 7.9%

STX stock traded up $59.39 during mid-day trading on Thursday, reaching $810.46. 3,468,931 shares of the stock traded hands, compared to its average volume of 4,213,517. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 52-week low of $105.35 and a 52-week high of $841.31. The company has a market cap of $181.73 billion, a P/E ratio of 76.89 and a beta of 1.98. The stock’s fifty day moving average is $548.86 and its 200-day moving average is $404.73.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS 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 company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the firm earned $1.90 earnings per share. The business’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Institutional Investors Weigh In On Seagate Technology

Large investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC boosted its position in Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares during the period. Salomon & Ludwin LLC boosted its stake in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares in the last quarter. WealthCollab LLC lifted its holdings in shares of Seagate Technology by 27.4% during the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 20 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Seagate Technology during the first quarter valued at $39,000. Finally, Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology in the 4th quarter worth approximately $28,000. Institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on STX. Rosenblatt Securities upped their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. TD Cowen upped their target price on Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup upped their target price on Seagate Technology from $595.00 to $740.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $733.71.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate and Western Digital rallied after Nvidia’s earnings reinforced strong AI infrastructure spending, which supports demand for storage hardware used in data centers. Seagate Stock, Western Digital Bounce Back After Nvidia Results
• Positive Sentiment: Seagate announced exchanges for $185.908 million of exchangeable notes, a move that may help simplify its capital structure and manage debt-related obligations. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Positive Sentiment: Seagate has also benefited from bullish investor positioning, including reports that billionaire Stanley Druckenmiller added AI memory names such as Seagate to his portfolio. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead
• Neutral Sentiment: CEO William D. Mosley sold 30,000 shares under a pre-arranged Rule 10b5-1 plan. While insider sales can draw attention, the planned nature of the trade makes it less concerning than an open-market sale. SEC Form 4 filing
• Negative Sentiment: Jim Cramer called Seagate “too pricey,” highlighting valuation concerns at nearly 50 times next year’s earnings estimates, which could limit upside if investors rotate away from expensive chip and memory names. Jim Cramer on Seagate: “Too Pricey”
• Negative Sentiment: Comments from Seagate management that building new factories is not practical near term raised supply-capacity questions and briefly pressured memory-stock sentiment, as investors weighed whether the AI demand boom could face future constraints. Seagate Capacity Shift Raises AI Supply Questions And Valuation Opportunity

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.