Seagate Technology Holdings PLC $STX Holdings Trimmed by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 37.5% in the third quarter, HoldingsChannel reports. The fund owned 1,395 shares of the data storage provider’s stock after selling 838 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Seagate Technology were worth $1,287,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Retirement Wealth Solutions LLC grew its stake in shares of Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 12 shares during the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares in the last quarter. Baker Tilly Wealth Management LLC raised its position in Seagate Technology by 4.6% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider’s stock worth $295,000 after purchasing an additional 14 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares during the last quarter. Finally, One River Asset Management LLC raised its position in Seagate Technology by 50.0% in the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock worth $42,000 after purchasing an additional 15 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Shares of STX stock opened at $642.14 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The stock has a market cap of $146.02 billion, a PE ratio of 47.06 and a beta of 2.06. The stock has a 50-day moving average of $827.45 and a 200-day moving average of $811.60. Seagate Technology Holdings PLC has a one year low of $217.67 and a one year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the company posted $2.59 earnings per share. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 35.79 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th were paid a $0.74 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target on Seagate to $1,200 from $1,150 and reiterated a Buy rating, citing HDD demand that is exceeding long-term expectations. The bank expects fiscal Q1 2027 revenue near the high end of guidance and earnings above management’s projected range. Seagate price target raised as Bank of America sees strong demand for hard drives
• Positive Sentiment: J.P. Morgan and other analysts issued bullish views, while Morgan Stanley reportedly expects further share-price appreciation. Zacks also upgraded STX to a Buy and added it to its Strong Buy list, reflecting improving earnings expectations. Seagate Tech Gets a Buy from J.P. Morgan
• Positive Sentiment: The earnings preview highlights favorable storage pricing, constrained HDD capacity, and rising nearline and AI-oriented demand. Analysts are looking for Seagate to build on its recent earnings beat, including its latest $5.71-per-share result versus a $5.10 consensus estimate. STX Stock Earnings Preview
• Neutral Sentiment: Seagate’s strong rally—reported at roughly 155% for the year—has prompted investors to consider taking profits. This creates near-term volatility even though the fundamental outlook remains constructive. Micron and Seagate profit-taking analysis

Insider Transactions at Seagate Technology

In other news, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the transaction, the executive vice president directly owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This represents a 90.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total value of $38,595,645.44. Following the transaction, the chief financial officer owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 466,959 shares of company stock valued at $378,840,741. 0.51% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Argus upped their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wedbush lifted their price objective on Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Rosenblatt Securities boosted their price objective on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Finally, Susquehanna upped their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $975.92.

Seagate Technology Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.