Seagate Technology (NASDAQ:STX) Sets New 12-Month High – Here’s What Happened

Seagate Technology Holdings PLC (NASDAQ:STX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $332.00 and last traded at $330.42, with a volume of 5551768 shares. The stock had previously closed at $289.83.

Key Headlines Impacting Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Seagate’s HAMR roadmap and higher-capacity drives are highlighted as a multi-year growth driver for data-center storage demand, supporting long-term revenue upside. Seagate: HAMR Drives To Boost Capacity Of The Growth Story
• Positive Sentiment: Sector momentum: analysts and investors are rotating into storage names as AI spending lifts demand for cold and warm storage — contributing to Seagate hitting record highs earlier this week. Why Micron, Seagate, and Western Digital Shares Soared
• Positive Sentiment: Visibility and institutional interest are rising — Nasdaq/index moves and analyst target increases (and a modest dividend bump) have reinforced the bullish narrative and raised investor attention. Seagate Technology (NASDAQ:STX) Nasdaq Index Expands Storage Reach
• Neutral Sentiment: Supply dynamics are shifting in memory and modules (a 2026 RAM shortage story); tighter upstream components could reshape OEM buying patterns — ambiguous for Seagate: could boost some demand but also constrain system builds. Why is there a RAM shortage in 2026?
• Negative Sentiment: Insider selling: CEO William Mosley disclosed a sale of 20,000 shares (~$5.7M), which can amplify short-term selling and raises caution among some investors. Seagate Technology (NASDAQ:STX) CEO Sells $5,711,200.00 in Stock
• Negative Sentiment: Valuation and profit-taking: after a roughly 254% one‑year gain, some coverage asks whether STX is fully priced; stretched multiples and short‑term revenue/consensus risk are prompting traders to lock in gains. Is It Too Late To Consider Seagate Technology Holdings (STX) After Its 254% One-Year Surge

Wall Street Analyst Weigh In

A number of analysts have weighed in on STX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Rosenblatt Securities upped their price objective on shares of Seagate Technology from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup increased their target price on shares of Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Morgan Stanley lifted their target price on Seagate Technology from $270.00 to $337.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Finally, UBS Group cut their price target on Seagate Technology from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $293.13.

Seagate Technology Stock Down 7.7%

The stock has a market cap of $60.75 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 1.21 and a beta of 1.60. The company’s 50-day moving average is $277.15 and its 200-day moving average is $215.41.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 annualized dividend and a dividend yield of 1.0%. Seagate Technology’s dividend payout ratio is 38.00%.

Insiders Place Their Bets

In other news, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the sale, the director owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gianluca Romano sold 54,021 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the sale, the chief financial officer owned 56,293 shares of the company’s stock, valued at $16,052,511.88. This trade represents a 48.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 132,555 shares of company stock worth $36,743,207 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in Seagate Technology by 34.9% during the 1st quarter. Advisors Asset Management Inc. now owns 916 shares of the data storage provider’s stock worth $78,000 after acquiring an additional 237 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Seagate Technology by 0.7% during the first quarter. Alliancebernstein L.P. now owns 227,763 shares of the data storage provider’s stock worth $19,348,000 after purchasing an additional 1,555 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after buying an additional 4,499 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Seagate Technology by 77.4% in the first quarter. Jones Financial Companies Lllp now owns 17,351 shares of the data storage provider’s stock valued at $1,474,000 after buying an additional 7,569 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in Seagate Technology by 6.2% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,314 shares of the data storage provider’s stock worth $366,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.