Q1 EPS Estimates for Seagate Technology Raised by Wedbush

Seagate Technology Holdings plc (NASDAQ:STX) – Equities research analysts at Wedbush raised their Q1 2025 earnings estimates for shares of Seagate Technology in a research report issued on Monday, October 21st. Wedbush analyst M. Bryson now forecasts that the data storage provider will earn $1.64 per share for the quarter, up from their prior forecast of $1.31. Wedbush currently 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.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company increased their price objective on shares of Seagate Technology from $90.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Rosenblatt Securities increased their price target on shares of Seagate Technology from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Robert W. Baird raised their target price on Seagate Technology from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, Citigroup boosted their price target on Seagate Technology from $125.00 to $130.00 and gave the stock 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $118.83.

Seagate Technology Stock Performance

STX opened at $103.52 on Thursday. Seagate Technology has a 52-week low of $64.12 and a 52-week high of $115.32. The firm has a market cap of $21.74 billion, a P/E ratio of -80.25 and a beta of 1.04. The business’s fifty day moving average is $105.04 and its 200-day moving average is $99.55.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (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 the consensus estimate of $2.13 billion. Seagate Technology had a negative return on equity of 30.18% and a net margin of 11.34%. The firm’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.34) earnings per share.

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 dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.88 annualized dividend and a dividend yield of 2.78%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s dividend payout ratio (DPR) is presently -217.05%.

Insider Transactions at Seagate Technology

In related news, CFO Gianluca Romano sold 25,760 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $94.54, for a total value of $2,435,350.40. Following the completion of the sale, the chief financial officer now directly owns 52,620 shares in the company, valued at $4,974,694.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP John Christopher Morris sold 1,131 shares of Seagate Technology stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $111.90, for a total value of $126,558.90. Following the transaction, the senior vice president now directly owns 7,191 shares of the company’s stock, valued at $804,672.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gianluca Romano sold 25,760 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $94.54, for a total transaction of $2,435,350.40. Following the sale, the chief financial officer now directly owns 52,620 shares of the company’s stock, valued at $4,974,694.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 214,298 shares of company stock worth $22,814,576. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors have recently modified their holdings of STX. Vanguard Group Inc. lifted its holdings in Seagate Technology by 3.1% in 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 period. Delta Global Management LP acquired a new position in shares of Seagate Technology in the 1st quarter valued at about $33,478,000. Point72 Hong Kong Ltd bought a new stake in shares of Seagate Technology during the 2nd quarter valued at about $35,349,000. Clearbridge Investments LLC grew 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 worth $247,218,000 after purchasing an additional 337,464 shares during the period. 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 worth $181,268,000 after purchasing an additional 316,295 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Company Profile

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.