Seagate Technology Holdings PLC (STX)

In the past six months, Seagate Technology Holdings Plc (STX) stock price has seen a notable rise, outperforming the S&P500 Index by +54.87%. Seagate reported strong revenue and profitability growth for four consecutive quarters, driven by robust cloud and AI storage demand. Seagate has significantly increased production of its 24-28 terabyte PMR drives. The company has been scaling up production of its HAMR-based Mozaic products and remains on track to qualify a broader range of cloud customers. On May 22, 2025, Seagate announced an increase in its share repurchase authorization to $5 billion. Seagate commenced and concluded exchange offers and consent solicitations for several series of senior notes in May and June 2025. Recent filings indicate that Seagate executives have sold significant shares. Analyst ratings for STX are predominantly positive, with a "Moderate Buy" consensus.

Seagate Technology Holdings Plc experiences demand seasonality for its products and services. The company anticipates seasonal declines in the video, image, and analytics (VIA) and legacy markets. There is typically higher seasonal demand in the consumer market, which supports sales of legacy products. Ongoing demand strength from cloud customers is expected to partially offset seasonal declines in other markets. The March quarter typically experiences seasonal demand fluctuations. Despite strong demand, Seagate has faced supply constraints, which can limit its ability to respond to in-quarter volume upside opportunities. Seagate has seen and anticipates continued improvement in the enterprise and OEM markets. The increasing adoption of AI applications is expected to spur a wave of demand for data storage, with HDDs playing a key role.

Seagate Technology Holdings Plc is a leading global provider of mass-data storage infrastructure solutions, operating within the Technology sector, specifically in the Computer Hardware and Electronic Components industries. Seagate designs and manufactures high-performance data storage devices, including Hard Disk Drives (HDDs) for mass capacity storage, Solid State Drives (SSDs), Solid State Hybrid Drives (SSHDs), Storage Subsystems for enterprises, External Storage Solutions, and Specialized Drives. The company also offers the Lyve Edge-to-Cloud Mass Capacity Platform and Data Recovery Services.

Seagate Technology Holdings Plc has a significant global presence. While headquartered in Singapore, the company has business operations and a presence across the United States, the Netherlands, and internationally. Its global footprint includes 41 locations across the globe, spanning numerous cultures. Seagate sells its products primarily to original equipment manufacturers, distributors, and retailers worldwide.

Seagate's brand reputation is largely positive due to its innovation, technology leadership, and focus on meeting market demands. The company is recognized for its storage devices and leadership in mass-capacity data storage solutions, including the HAMR-based Mozaic platform. Seagate's products are crucial for storing digital content, and its Lyve edge-to-cloud platform positions it well to meet enterprise and consumer needs. Seagate released a "Decarbonizing Data" report in April 2025, highlighting its commitment to sustainability. In January 2024, Seagate shared its fifth annual DEI Report, showcasing progress in representation, inclusion, social impact, and equity. Recent insider selling activity by executives could potentially raise questions about internal confidence.

Institutional investors hold a significant majority of Seagate Technology Holdings Plc's shares, controlling 89% of the company. The Vanguard Group, Inc. is the largest shareholder with 11% of shares outstanding, followed by JPMorgan Chase & Co., Sanders Capital, LLC, Capital Research Global Investors, BlackRock, Inc., Franklin Resources Inc, State Street Corp, Fmr Llc, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC, Advisors Capital Management LLC and Acadian Asset Management LLC. Individual investors hold approximately 10% ownership, while insider ownership is under 1%.