Zacks Research Analysts Increase Earnings Estimates for STX

Seagate Technology Holdings plc (NASDAQ:STX) – Research analysts at Zacks Research increased their FY2025 earnings per share estimates for Seagate Technology in a research report issued on Tuesday, May 20th. Zacks Research analyst R. Department now expects that the data storage provider will post earnings of $7.07 per share for the year, up from their previous estimate of $6.69. The consensus estimate for Seagate Technology’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Seagate Technology’s Q4 2025 earnings at $2.19 EPS, Q2 2026 earnings at $2.02 EPS, Q3 2026 earnings at $2.03 EPS, Q4 2026 earnings at $2.15 EPS, FY2026 earnings at $8.09 EPS, Q1 2027 earnings at $2.23 EPS, Q2 2027 earnings at $2.30 EPS, Q3 2027 earnings at $2.43 EPS and FY2027 earnings at $9.55 EPS.

Several other equities research analysts have also recently weighed in on STX. Mizuho reduced their price objective on Seagate Technology from $115.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. BNP Paribas Exane raised Seagate Technology from an “underperform” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research note on Friday, May 16th. BNP Paribas raised Seagate Technology from a “strong sell” rating to a “hold” rating in a research note on Friday, May 16th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Wedbush restated an “outperform” rating and set a $140.00 target price on shares of Seagate Technology in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.37.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $112.74 on Friday. The business’s 50 day moving average is $86.62 and its two-hundred day moving average is $92.74. Seagate Technology has a 1-year low of $63.19 and a 1-year high of $115.32. The stock has a market capitalization of $23.93 billion, a P/E ratio of 20.61 and a beta of 1.32.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 29th. The data storage provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.15. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis.

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

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.55%. Seagate Technology’s payout ratio is 41.62%.

Insider Activity at Seagate Technology

In related news, Director Judy Bruner sold 10,446 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $108.71, for a total value of $1,135,584.66. Following the completion of the sale, the director now owns 12,268 shares in the company, valued at approximately $1,333,654.28. The trade was a 45.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total value of $1,691,200.00. Following the sale, the chief executive officer now directly owns 555,677 shares in the company, valued at $46,988,047.12. This trade represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,856 shares of company stock worth $11,202,861. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new position in shares of Seagate Technology in the 4th quarter valued at $26,000. Elequin Capital LP purchased a new position in shares of Seagate Technology in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Seagate Technology in the 4th quarter valued at $27,000. Wayfinding Financial LLC purchased a new position in shares of Seagate Technology in the 1st quarter valued at $31,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of Seagate Technology by 2,200.0% in the 1st quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock valued at $39,000 after acquiring an additional 440 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

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.