The Rhumbline Advisers reduced its position in Seagate Technology Holdings Plc, and the company's stock price dipped by 5.08% on February 10th. Despite this, global entities like Citi remained bullish due to steady market demand. The company's stock also reached a 52-week high. A series of stock trades happened around Seagate, including trimming by BTC Capital Management Inc and Affinity Wealth Management LLP's acquisition of shares. Seagate's Q2 earnings and robust revenue guidance also sparked interest. Seagate also turned heads with a strong Q2 performance and AI storage demand, which led to a surge in its share price by 5.3%. However, according to Jim Cramer, the company is facing a supply crunch that it can't meet. The company's price target increased by 47.21% to $454.99. Despite reporting strong Q2 results, Seagate experienced a cool-off in its stock. Seagate CEO stated the company is sold out through 2026, indicating high demand. Evidently, the company isn't flying under analysts' radar, as many are praising its performance even after the surge.
Seagate Technology Holdings Plcs STX News Analytics from Thu, 03 Jul 2025 07:00:00 GMT to Sat, 14 Feb 2026 10:42:39 GMT - Rating 8 - Innovation 6 - Information 8 - Rumor 3
