Seagate Technology (NASDAQ:STX – Get Free Report) is expected to be releasing its Q4 2025 earnings data before the market opens on Tuesday, July 22nd. Analysts expect Seagate Technology to post earnings of $2.45 per share and revenue of $2.40 billion for the quarter. Seagate Technology has set its Q4 2025 guidance at 2.200-2.600 EPS.
Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.75 by $0.15. Seagate Technology had a net margin of 17.49% and a negative return on equity of 105.02%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. On average, analysts expect Seagate Technology to post $7 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Seagate Technology Trading Up 1.3%
Shares of NASDAQ STX opened at $149.08 on Tuesday. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $152.16. The firm has a market capitalization of $31.64 billion, a PE ratio of 21.54 and a beta of 1.45. The firm has a fifty day simple moving average of $124.06 and a two-hundred day simple moving average of $101.44.
Seagate Technology declared that its Board of Directors has approved a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the data storage provider to purchase up to 21.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
Seagate Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th were issued a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $2.88 annualized dividend and a yield of 1.93%. Seagate Technology’s dividend payout ratio (DPR) is presently 41.62%.
Analyst Ratings Changes
Several research analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Seagate Technology in a report on Thursday, July 10th. They issued a “buy” rating and a $170.00 price objective for the company. Wedbush restated an “outperform” rating and issued a $140.00 price objective on shares of Seagate Technology in a report on Wednesday, May 21st. Bank of America upped their price objective on shares of Seagate Technology from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company upped their price objective on shares of Seagate Technology from $105.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Finally, Barclays increased their price target on shares of Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.00.
Read Our Latest Stock Report on STX
Insider Activity at Seagate Technology
In other news, Director Michael R. Cannon sold 24,190 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.00, for a total transaction of $2,878,610.00. Following the sale, the director owned 10,835 shares of the company’s stock, valued at $1,289,365. This trade represents a 69.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephanie Tilenius sold 2,693 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.04, for a total transaction of $344,811.72. Following the sale, the director directly owned 12,244 shares in the company, valued at approximately $1,567,721.76. The trade was a 18.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 393,791 shares of company stock worth $47,582,998. 0.81% of the stock is owned by insiders.
Institutional Trading of Seagate Technology
A hedge fund recently raised its stake in Seagate Technology stock. Integrated Wealth Concepts LLC increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 168.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,177 shares of the data storage provider’s stock after buying an additional 4,499 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Seagate Technology were worth $610,000 at the end of the most recent reporting period. 92.87% of the stock is currently owned by institutional investors and hedge funds.
About Seagate Technology
(Get Free Report)
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.
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