Wedbush Equities Analysts Boost Earnings Estimates for STX

Seagate Technology Holdings plc (NASDAQ:STX) – Wedbush raised their Q1 2025 earnings estimates for shares of Seagate Technology in a research note issued on Monday, October 21st. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings of $1.64 per share for the quarter, up from their previous forecast of $1.31. Wedbush currently has a “Outperform” rating and a $150.00 target price 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.

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

STX has been the subject of several other research reports. TD Cowen boosted their price target on shares of Seagate Technology from $110.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $125.00 price target on shares of Seagate Technology in a report on Wednesday. Benchmark reissued a “hold” rating on shares of Seagate Technology in a report on Wednesday. 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 report on Wednesday, July 24th. Finally, Robert W. Baird boosted their price target on shares of Seagate Technology from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $118.83.

Seagate Technology Price Performance

NASDAQ:STX opened at $103.01 on Thursday. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of -79.85 and a beta of 1.04. The company has a 50 day moving average price of $105.16 and a 200-day moving average price of $99.68. Seagate Technology has a 1-year low of $64.12 and a 1-year high of $115.32.

Institutional Trading of Seagate Technology

A number of large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its stake in shares of Seagate Technology by 3.6% during the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock worth $281,000 after buying an additional 89 shares during the period. CWM LLC increased its stake in shares of Seagate Technology by 3.0% during the second quarter. CWM LLC now owns 3,307 shares of the data storage provider’s stock worth $342,000 after buying an additional 97 shares during the period. Affinity Capital Advisors LLC increased its stake in shares of Seagate Technology by 1.5% during the third quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider’s stock worth $725,000 after buying an additional 100 shares during the period. Csenge Advisory Group increased its stake in shares of Seagate Technology by 1.4% during the first quarter. Csenge Advisory Group now owns 8,473 shares of the data storage provider’s stock worth $788,000 after buying an additional 119 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of Seagate Technology by 3.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 3,452 shares of the data storage provider’s stock worth $357,000 after buying an additional 122 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 4,872 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were 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 $1,096,590. This represents 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 at the SEC website. In other Seagate Technology news, Director Jay L. Geldmacher sold 4,100 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $103.30, for a total transaction of $423,530.00. Following the sale, the director now directly owns 2,852 shares in the company, valued at $294,611.60. This represents 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 at the SEC website. 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 owns 9,969 shares in the company, valued at $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 have sold 218,398 shares of company stock worth $23,238,106 over the last three months. Company insiders own 0.89% of the company’s stock.

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 given a $0.72 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.88 dividend on an annualized basis and a yield of 2.80%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.70. Seagate Technology’s dividend payout ratio is presently -217.05%.

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.