Wedbush Expects Reduced Earnings for Seagate Technology

Seagate Technology Holdings plc (NASDAQ:STX) – Analysts at Wedbush decreased their Q3 2025 earnings per share estimates for Seagate Technology in a research report issued on Tuesday, January 21st. Wedbush analyst M. Bryson now expects that the data storage provider will post earnings of $1.62 per share for the quarter, down from their previous forecast of $2.16. 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 $7.18 per share. Wedbush also issued estimates for Seagate Technology’s Q4 2025 earnings at $2.28 EPS, FY2025 earnings at $7.03 EPS, Q1 2026 earnings at $2.41 EPS and Q2 2026 earnings at $3.01 EPS.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.28. Seagate Technology had a negative return on equity of 58.59% and a net margin of 14.67%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned ($0.34) earnings per share. The firm’s revenue for the quarter was up 49.1% on a year-over-year basis.

Several other research firms have also commented on STX. Wells Fargo & Company lowered their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Citigroup upped their price objective on Seagate Technology from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday. Benchmark raised Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Wednesday. Evercore ISI raised their price target on Seagate Technology from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.56.

Seagate Technology Price Performance

Shares of STX opened at $108.18 on Thursday. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 19.78 and a beta of 1.06. Seagate Technology has a 1 year low of $82.31 and a 1 year high of $115.32. The business’s 50 day simple moving average is $94.55 and its 200-day simple moving average is $100.33.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Seagate Technology during the third quarter valued at $133,031,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Seagate Technology by 341.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,308,958 shares of the data storage provider’s stock valued at $143,370,000 after buying an additional 1,012,638 shares in the last quarter. State Street Corp boosted its holdings in Seagate Technology by 6.8% in the 3rd quarter. State Street Corp now owns 8,502,674 shares of the data storage provider’s stock worth $937,081,000 after buying an additional 541,585 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Seagate Technology by 29.5% during the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider’s stock valued at $197,844,000 after acquiring an additional 405,232 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Seagate Technology in the second quarter valued at approximately $35,349,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.53, for a total value of $1,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 642,497 shares in the company, valued at $63,947,726.41. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $101.82, for a total value of $76,365.00. Following the sale, the director now directly owns 6,555 shares in the company, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,073 shares of company stock valued at $5,106,149. 0.81% of the stock is currently owned by insiders.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.66%. Seagate Technology’s dividend payout ratio is presently 52.65%.

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.