Ritholtz Wealth Management and
Deroy & Devereaux Private Investment Counsel Inc grew their stock positions in
Seagate Technology Holdings Plc. The firm's share price, having gained
98% in the past six months, continues to rise, standing at
US$243, and some asset managers increased their stakes despite others selling shares.
Seagate enjoyed strong trading days, often outperforming competitors, and was mentioned numerous times as potentially undervalued. The company's AI-focused HAMR ramp benefited them, and they achieved record margins.
Morgan Stanley named Seagate a
Core 2026 Selection due to increasing cloud Capex spending. They reported strong third-quarter earnings that lead to a
27% stock soar and have raised their dividends from last year. Despite profit-taking, the stock's momentum is strong, buoyed by their Q1 results and guidance, and is expected to keep climbing.
Bernstein even initiated coverage with an Outperform recommendation.
Seagate Technology Holdings Plcs STX News Analytics from Tue, 29 Jul 2025 07:00:00 GMT to Sat, 17 Jan 2026 11:04:51 GMT -
Rating 8
- Innovation 5
- Information 8
- Rumor -3
