Seagate Technology (NASDAQ:STX – Get Free Report) updated its third quarter 2025 earnings guidance on Tuesday. The company provided EPS guidance of 1.500-1.900 for the period, compared to the consensus EPS estimate of 1.710. The company issued revenue guidance of $2.0 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion. Seagate Technology also updated its Q3 guidance to $1.50-1.90 EPS.
Analyst Ratings Changes
STX has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Seagate Technology in a research report on Wednesday, October 23rd. Mizuho cut their target price on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. StockNews.com downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup boosted their target price on shares of Seagate Technology from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Rosenblatt Securities upped their price objective on Seagate Technology from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.71.
View Our Latest Stock Report on Seagate Technology
Seagate Technology Price Performance
Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.28. Seagate Technology had a negative return on equity of 32.19% and a net margin of 11.34%. 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 company posted ($0.34) EPS. The business’s revenue was up 49.1% on a year-over-year basis. As a group, equities research analysts predict that Seagate Technology will post 7.18 EPS for the current year.
Insider Transactions at Seagate Technology
In other news, 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 completion of the sale, the director now directly owns 6,555 shares in the company, valued at $667,430.10. This trade represents a 10.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kian Fatt Chong sold 9,182 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $105.50, for a total value of $968,701.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,173 shares of company stock valued at $5,529,679. Corporate insiders own 0.81% of the company’s stock.
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.
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