Seagate Technology Holdings plc (NASDAQ:STX - Free Report) - Research analysts at Northland Capmk boosted their Q2 2025 earnings per share (EPS) estimates for shares of Seagate Technology in a report released on Wednesday, October 23rd. Northland Capmk analyst G. Richard now forecasts that the data storage provider will earn $1.69 per share for the quarter, up from their previous estimate of $1.53. The consensus estimate for Seagate Technology's current full-year earnings is $7.35 per share. Northland Capmk also issued estimates for Seagate Technology's Q3 2025 earnings at $1.77 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $6.67 EPS, Q1 2026 earnings at $1.96 EPS, Q2 2026 earnings at $2.40 EPS, Q3 2026 earnings at $2.41 EPS, Q4 2026 earnings at $2.55 EPS and FY2026 earnings at $9.34 EPS.
Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.28. The business had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $2.13 billion. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. The business's quarterly revenue was up 49.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.34) EPS.
A number of other brokerages have also recently commented on STX. TD Cowen lifted their price target on Seagate Technology from $110.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on Seagate Technology from $96.00 to $107.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th. Susquehanna lifted their price objective on Seagate Technology from $55.00 to $65.00 and gave the stock a "negative" rating in a research report on Wednesday, July 24th. Wells Fargo & Company lifted their price objective on Seagate Technology from $90.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $125.00 price objective on shares of Seagate Technology in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $118.83.
Get Our Latest Stock Analysis on STX
Seagate Technology Price Performance
Seagate Technology stock traded down $1.69 during trading hours on Monday, reaching $101.32. The company had a trading volume of 2,752,742 shares, compared to its average volume of 2,519,775. The company has a 50-day moving average price of $105.16 and a 200 day moving average price of $99.83. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of -78.81 and a beta of 1.04. Seagate Technology has a 12-month low of $66.93 and a 12-month high of $115.32.
Seagate Technology Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.88 annualized dividend and a dividend yield of 2.84%. This is a boost from Seagate Technology's previous quarterly dividend of $0.70. Seagate Technology's payout ratio is currently -223.26%.
Insider Transactions at Seagate Technology
In related news, Director Jay L. Geldmacher sold 4,100 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $103.30, for a total transaction of $423,530.00. Following the completion of the sale, the director now owns 2,852 shares in the company, valued at approximately $294,611.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total transaction of $72,075.00. Following the completion of the sale, the director now owns 3,034 shares of the company's stock, valued at approximately $291,567.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jay L. Geldmacher sold 4,100 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $103.30, for a total value of $423,530.00. Following the completion of the transaction, the director now directly owns 2,852 shares of the company's stock, valued at approximately $294,611.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,398 shares of company stock worth $23,238,106 over the last quarter. 0.89% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Seagate Technology
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted 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 during the last quarter. Delta Global Management LP bought a new position in Seagate Technology during the first quarter valued at approximately $33,478,000. Point72 Hong Kong Ltd bought a new position in Seagate Technology during the second quarter valued at approximately $35,349,000. Clearbridge Investments LLC boosted its stake in Seagate Technology by 14.5% during the first quarter. Clearbridge Investments LLC now owns 2,656,828 shares of the data storage provider's stock valued at $247,218,000 after buying an additional 337,464 shares during the last quarter. Finally, Duquesne Family Office LLC boosted its stake in Seagate Technology by 22.0% during the second quarter. Duquesne Family Office LLC now owns 1,755,278 shares of the data storage provider's stock valued at $181,268,000 after buying an additional 316,295 shares during the last quarter. Institutional investors own 92.87% of the company's stock.
About Seagate Technology
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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.
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