Q1 EPS Estimates for Seagate Technology Lifted by Wedbush

Seagate Technology Holdings plc (NASDAQ:STX) – Equities researchers at Wedbush lifted their Q1 2025 EPS estimates for Seagate Technology in a note issued to investors on Monday, October 21st. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings per share of $1.64 for the quarter, up from their previous forecast of $1.31. Wedbush has a “Outperform” rating and a $150.00 price objective 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 equities research analysts have also recently issued reports on the stock. Barclays lifted their target price on shares of Seagate Technology from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their price target on shares of Seagate Technology from $90.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Northland Securities increased their price objective on shares of Seagate Technology from $142.00 to $144.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley boosted their target price on Seagate Technology from $115.00 to $133.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Rosenblatt Securities increased their price target on Seagate Technology from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $118.83.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $103.98 on Thursday. The business’s 50 day moving average price is $105.13 and its 200-day moving average price is $99.58. Seagate Technology has a 1 year low of $64.12 and a 1 year high of $115.32. The firm has a market capitalization of $21.83 billion, a PE ratio of -80.60 and a beta of 1.04.

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

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s dividend payout ratio (DPR) is -217.05%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 4,872 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $110.00, for a total value of $535,920.00. Following the sale, the executive vice president now owns 9,969 shares of the company’s stock, valued at $1,096,590. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO William D. Mosley sold 141,785 shares of Seagate Technology stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $110.18, for a total value of $15,621,871.30. Following the completion of the transaction, the chief executive officer now owns 668,616 shares in the company, valued at approximately $73,668,110.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ban Seng Teh sold 4,872 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was 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 in the company, valued at approximately $1,096,590. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 218,398 shares of company stock worth $23,238,106 over the last three months. Insiders own 0.89% of the company’s stock.

Institutional Trading of Seagate Technology

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of 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 worth $2,303,274,000 after buying an additional 746,395 shares during the period. Delta Global Management LP acquired a new stake in shares of Seagate Technology in the 1st quarter valued at $33,478,000. Point72 Hong Kong Ltd purchased a new stake in shares of Seagate Technology during the 2nd quarter worth $35,349,000. Clearbridge Investments LLC grew its stake in shares of 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 worth $247,218,000 after purchasing an additional 337,464 shares in the last quarter. Finally, Duquesne Family Office LLC increased its holdings in Seagate Technology by 22.0% in 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. Hedge funds and other institutional investors own 92.87% of the company’s stock.

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.