Seagate Technology (NASDAQ:STX) Hits New 12-Month High Following Analyst Upgrade

18 Sep 2025, 05:14 by Kim Johansen · The Markets Daily

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday after Benchmark raised their price target on the stock from $165.00 to $250.00. Benchmark currently has a buy rating on the stock. Seagate Technology traded as high as $214.20 and last traded at $211.12, with a volume of 7395171 shares trading hands. The stock had previously closed at $195.99.

Other equities analysts also recently issued research reports about the company. Barclays lifted their price target on Seagate Technology from $180.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. Sanford C. Bernstein initiated coverage on Seagate Technology in a research note on Tuesday. They set an “outperform” rating and a $250.00 price target for the company. UBS Group lifted their price target on Seagate Technology from $85.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Robert W. Baird boosted their target price on Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their price target on Seagate Technology from $122.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Fifteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $170.05.

Get Our Latest Stock Report on STX

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 3,732 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $193.30, for a total value of $721,395.60. Following the sale, the executive vice president owned 4,172 shares in the company, valued at approximately $806,447.60. This trade represents a 47.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $153.75, for a total value of $3,075,000.00. Following the completion of the sale, the chief executive officer owned 478,912 shares in the company, valued at $73,632,720. This trade represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,935 shares of company stock valued at $12,289,616 in the last ninety days. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in Seagate Technology in the fourth quarter valued at $26,000. Fourth Dimension Wealth LLC bought a new position in Seagate Technology in the fourth quarter valued at $27,000. Elequin Capital LP bought a new position in Seagate Technology in the fourth quarter valued at $27,000. Harbor Asset Planning Inc. bought a new position in Seagate Technology in the second quarter valued at $27,000. Finally, Rakuten Securities Inc. increased its stake in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

The firm has a market cap of $45.44 billion, a P/E ratio of 31.52, a PEG ratio of 1.22 and a beta of 1.53. The stock has a 50 day moving average of $163.76 and a 200 day moving average of $123.86.

Seagate Technology (NASDAQ:STX – Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology’s dividend payout ratio (DPR) is 42.54%.

Seagate Technology declared that its Board of Directors has initiated a share buyback plan on Thursday, May 22nd that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to repurchase up to 21.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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