Seagate Technology (NASDAQ:STX) Stock Price Down 4.1% – Here’s Why

Seagate Technology Holdings PLC (NASDAQ:STX)’s stock price fell 4.1% during trading on Monday . The stock traded as low as $781.17 and last traded at $816.99. Approximately 4,627,389 shares changed hands during trading, an increase of 7% from the average session volume of 4,316,283 shares. The stock had previously closed at $851.69.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Morgan Stanley analyst Erik Woodring remains strongly bullish on Seagate and Western Digital, saying the hard-disk-drive market has continued to strengthen. AI data-center expansion is supporting demand for nearline HDDs, while higher exabyte shipments and Seagate’s Mozaic technology platform could bolster quarterly results. Seagate, Western Digital Slide Again. Morgan Stanley Still Pounding The Table For Both AI Stocks Can Increasing HDD Exabyte Shipments Bolster Seagate’s Q4 Earnings?
• Positive Sentiment: Seagate’s latest reported quarter exceeded expectations, with earnings and revenue ahead of consensus and revenue up 44.1% year over year. Management’s fiscal fourth-quarter earnings guidance of $4.80 to $5.20 per share provides a high bar but reflects confidence in ongoing demand.
• Neutral Sentiment: Options traders are anticipating a substantial post-earnings move, making Tuesday’s report a key near-term volatility catalyst. Investors will focus on guidance, AI-driven nearline demand, exabyte shipments, Mozaic adoption and any evidence that customers are increasing storage infrastructure spending. Here’s How Much Traders See Seagate Stock Moving After Earnings
• Negative Sentiment: The stock has reversed lower following its extended rally, with investors locking in gains ahead of earnings. Its sharp historical advance and high valuation leave less room for disappointment if results, outlook or AI demand commentary fail to exceed already-optimistic expectations. Seagate pulled back after 450% rally. Earnings will bring AI stock’s next test
• Negative Sentiment: New U.S. tariffs on key semiconductor trading partners and broader weakness across chip and hardware stocks are adding pressure to STX ahead of the report. A sector-wide pullback is overshadowing otherwise strong long-term momentum. Seagate Technology Holdings Falls On Tariffs As Fair Value Stays In Focus

Wall Street Analyst Weigh In

STX has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Evercore upped their target price on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Argus raised their price target on Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, UBS Group lifted their price target on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $898.52.

Seagate Technology Price Performance

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 company has a market capitalization of $183.19 billion, a PE ratio of 77.51 and a beta of 2.04. The company’s 50-day simple moving average is $893.15 and its 200-day simple moving average is $612.46.

Seagate Technology (NASDAQ:STX) last announced its earnings results 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 business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The business’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. As a group, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Dividend Announcement

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

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 9,343 shares of Seagate Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $924.42, for a total value of $8,636,856.06. Following the transaction, the chief executive officer directly owned 311,517 shares in the company, valued at approximately $287,972,545.14. This trade represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 989 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $870,507.91. Following the completion of the transaction, the executive vice president directly owned 4,290 shares in the company, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their position. 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 151,069 shares of company stock valued at $126,191,753 over the last 90 days. Insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Several hedge funds have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 15 shares in the last quarter. Salomon & Ludwin LLC lifted its position in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the period. WealthCollab LLC lifted its position in Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 20 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Seagate Technology in the 1st quarter valued at approximately $39,000. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

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.