Q1 EPS Estimates for Seagate Technology Boosted by Wedbush

Seagate Technology Holdings plc (NASDAQ:STX - Free Report) - Stock analysts at Wedbush lifted their Q1 2025 EPS estimates for Seagate Technology in a research note issued to investors on Monday, October 21st. Wedbush analyst M. Bryson now forecasts that the data storage provider will earn $1.64 per share for the quarter, up from their previous forecast of $1.31. Wedbush has a "Outperform" rating and a $150.00 price target on the stock. The consensus estimate for Seagate Technology's current full-year earnings is $7.09 per share. Wedbush also issued estimates for Seagate Technology's Q2 2025 earnings at $2.13 EPS, Q3 2025 earnings at $2.64 EPS, Q4 2025 earnings at $2.77 EPS, FY2025 earnings at $9.16 EPS, Q1 2026 earnings at $2.88 EPS, Q2 2026 earnings at $3.16 EPS, Q3 2026 earnings at $3.62 EPS, Q4 2026 earnings at $4.09 EPS and FY2026 earnings at $13.76 EPS.

Several other analysts have also weighed in on STX. Northland Securities boosted their target price on shares of Seagate Technology from $142.00 to $144.00 and gave the company an "outperform" rating in a research note on Wednesday. Loop Capital boosted their target price on shares of Seagate Technology from $105.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Morgan Stanley boosted their target price on shares of Seagate Technology from $115.00 to $133.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of Seagate Technology from $96.00 to $107.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $118.83.

Seagate Technology Price Performance

STX traded up $0.46 during trading on Thursday, hitting $103.98. The company had a trading volume of 2,746,266 shares, compared to its average volume of 2,518,739. Seagate Technology has a 1-year low of $64.12 and a 1-year high of $115.32. The business has a 50-day moving average of $105.04 and a 200-day moving average of $99.55. The company has a market cap of $21.83 billion, a PE ratio of -79.67 and a beta of 1.04.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.28. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.13 billion. Seagate Technology had a net margin of 11.34% and a negative return on equity of 30.18%. The firm's quarterly revenue was up 49.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.34) earnings per share.

Institutional Trading of Seagate Technology

A number of hedge funds have recently bought and sold shares of STX. Vanguard Group Inc. lifted its stake in Seagate Technology by 3.1% during the first quarter. Vanguard Group Inc. now owns 24,753,076 shares of the data storage provider's stock valued at $2,303,274,000 after buying an additional 746,395 shares in the last quarter. Delta Global Management LP acquired a new position in shares of Seagate Technology in the 1st quarter valued at about $33,478,000. Point72 Hong Kong Ltd acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $35,349,000. Clearbridge Investments LLC increased its holdings in shares of Seagate Technology by 14.5% in the 1st quarter. Clearbridge Investments LLC now owns 2,656,828 shares of the data storage provider's stock valued at $247,218,000 after purchasing an additional 337,464 shares during the period. Finally, Duquesne Family Office LLC increased its holdings in shares of Seagate Technology by 22.0% in the 2nd quarter. Duquesne Family Office LLC now owns 1,755,278 shares of the data storage provider's stock valued at $181,268,000 after purchasing an additional 316,295 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 4,872 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $110.00, for a total value of $535,920.00. Following the completion of the sale, the executive vice president now directly owns 9,969 shares of the company's stock, valued at approximately $1,096,590. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Seagate Technology news, SVP John Christopher Morris sold 1,131 shares of the company's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $111.90, for a total value of $126,558.90. Following the completion of the sale, the senior vice president now directly owns 7,191 shares of the company's stock, valued at approximately $804,672.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 4,872 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $110.00, for a total transaction of $535,920.00. Following the sale, the executive vice president now directly owns 9,969 shares of the company's stock, valued at $1,096,590. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 218,398 shares of company stock valued at $23,238,106. 0.89% of the stock is owned by insiders.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Sunday, December 15th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.77%. This is an increase from Seagate Technology's previous quarterly dividend of $0.70. The ex-dividend date is Friday, December 13th. Seagate Technology's dividend payout ratio is presently -217.05%.

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.