Wedbush Has Bearish Estimate for STX FY2026 Earnings

Seagate Technology Holdings plc (NASDAQ:STX) – Research analysts at Wedbush lowered their FY2026 EPS estimates for shares of Seagate Technology in a report released on Tuesday, January 21st. Wedbush analyst M. Bryson now anticipates that the data storage provider will post earnings of $12.87 per share for the year, down from their previous forecast of $13.50. 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.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.28. Seagate Technology had a net margin of 11.34% and a negative return on equity of 32.19%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business posted ($0.34) earnings per share. The firm’s quarterly revenue was up 49.1% compared to the same quarter last year.

Several other research analysts also recently weighed in on the stock. Citigroup lifted their target price on shares of Seagate Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on Seagate Technology from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Mizuho reduced their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Rosenblatt Securities raised their target price on Seagate Technology from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley decreased their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $120.71.

Seagate Technology Stock Up 3.7 %

STX opened at $101.25 on Wednesday. The business has a fifty day simple moving average of $94.32 and a 200-day simple moving average of $100.28. The firm has a market cap of $21.42 billion, a PE ratio of 26.44 and a beta of 1.06. Seagate Technology has a fifty-two week low of $82.31 and a fifty-two week high of $115.32.

Hedge Funds Weigh In On Seagate Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its holdings in shares of Seagate Technology by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 2,560 shares of the data storage provider’s stock valued at $281,000 after buying an additional 89 shares during the last quarter. Affinity Capital Advisors LLC raised its stake in shares of Seagate Technology by 1.5% in the third quarter. Affinity Capital Advisors LLC now owns 6,620 shares of the data storage provider’s stock worth $725,000 after acquiring an additional 100 shares during the last quarter. My Legacy Advisors LLC lifted its position in shares of Seagate Technology by 3.9% during the fourth quarter. My Legacy Advisors LLC now owns 3,113 shares of the data storage provider’s stock worth $294,000 after purchasing an additional 118 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of Seagate Technology by 3.7% during the fourth quarter. AdvisorNet Financial Inc now owns 3,377 shares of the data storage provider’s stock valued at $291,000 after purchasing an additional 122 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of Seagate Technology by 3.6% in the third quarter. Ballentine Partners LLC now owns 3,671 shares of the data storage provider’s stock valued at $402,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the transaction, the director now directly owns 6,555 shares of the company’s stock, valued at approximately $667,430.10. This trade represents a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kian Fatt Chong sold 9,182 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $105.50, for a total transaction of $968,701.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,173 shares of company stock valued at $5,529,679 over the last quarter. 0.81% of the stock is owned by company insiders.

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.