Linscomb Wealth Inc. Buys New Shares in Seagate Technology Holdings PLC $STX

Linscomb Wealth Inc. bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,810 shares of the data storage provider’s stock, valued at approximately $261,000.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Seagate Technology by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after acquiring an additional 2,161,191 shares in the last quarter. Wellington Management Group LLP lifted its stake in Seagate Technology by 3,339.4% in the 1st quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock worth $79,343,000 after purchasing an additional 906,840 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Seagate Technology by 2.7% in the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after buying an additional 769,009 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Seagate Technology in the second quarter worth about $45,955,000. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Seagate Technology during the 1st quarter worth approximately $17,546,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on STX. BNP Paribas Exane decreased their target price on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Wednesday. Evercore ISI raised their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Citigroup raised their price target on Seagate Technology from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. Finally, Wedbush lifted their target price on Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.18.

Insider Transactions at Seagate Technology

In other news, Director Jay L. Geldmacher sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the transaction, the director directly owned 352 shares of the company’s stock, valued at approximately $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ban Seng Teh sold 3,732 shares of Seagate Technology stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $193.30, for a total value of $721,395.60. Following the transaction, the executive vice president owned 4,172 shares in the company, valued at approximately $806,447.60. The trade was a 47.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 45,090 shares of company stock worth $9,759,648. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ:STX opened at $255.88 on Friday. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $280.35. The firm has a market cap of $54.49 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 1.17 and a beta of 1.63. The firm’s fifty day moving average is $213.78 and its two-hundred day moving average is $156.88.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.21. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.2%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s dividend payout ratio (DPR) is 36.97%.

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.