Seagate Technology Holdings
STX on Nasdaq. Seagate sells hard drives and solid-state drives to businesses and consumers. Market value $201.1bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to June 2026.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
See cheaper Technology stocks on the list
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $1.70 of spare cash in the past 12 months. A savings account pays about $4.
You pay 45.1 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 30 cents a year. Above 10 is good.
Quality score: 84 of 100. Price score: 19 of 100. Our list needs 70 on quality and 60 on price.
$805.63 a share, 285% above its 1-year low
Over the past year the price has ranged from $209.00 to $1,145.00.
Dividend: 0.3% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $11.7bn | $7.4bn | $6.6bn | $9.1bn | $12.2bn |
| Operating margin | |||||
| Operating margin | 16.8% | -4.6% | 6.9% | 20.8% | 33.6% |
| Debt to equity | |||||
| Debt to equity | 52.43 | n/a | n/a | n/a | 1.66 |
| Shares outstanding | |||||
| Shares outstanding | 0.21bn | 0.21bn | 0.21bn | 0.22bn | 0.23bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)8 of 9
- Profit backed by cash (accruals)Yes
- Debt1.66× equity
- Revenue growth, five yearsSlow, 2.7% a year
- Buying back its own sharesNo, 9% more shares since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $3.6 billion last quarter, up 48% on a year ago.
- Profit: $1.3 billion, up 165% on a year ago.
- It keeps 34 cents of each $1 of sales as operating profit, up from 21 cents a year earlier.
- Spare cash over the past 12 months: $3.1 billion, up from $818 million.
- Debt is $1.9 billion more than cash, down from $4.2 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $2.2bn |
| December 2024 | $2.3bn |
| March 2025 | $2.2bn |
| June 2025 | $2.4bn |
| September 2025 | $2.6bn |
| December 2025 | $2.8bn |
| March 2026 | $3.1bn |
| June 2026 | $3.6bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $305m |
| December 2024 | $336m |
| March 2025 | $340m |
| June 2025 | $488m |
| September 2025 | $549m |
| December 2025 | $593m |
| March 2026 | $748m |
| June 2026 | $1.3bn |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 27 October 2026
- Last annual report (10-K)
- 4 August 2026
- Next quarterly (estimated, 10-Q)
- 29 July 2026
Who owns it
7 long-term investors we follow own it, up from 5 last quarter. 1,951 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Sanders CapitalLew Sanders | $3.4bn | 3.4% | Cut |
| Sachem Head CapitalScott Ferguson | $455m | 9.5% | New |
| Hosking PartnersJeremy Hosking | $52m | 1.7% | Cut |
| Boston PartnersBoston Partners team | $12m | <0.1% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $10m | <0.1% | Cut |
| First Manhattan Co.First Manhattan partners | $693,401 | <0.1% | Added |
| Oasis ManagementSeth Fischer | $347,400 | <0.1% | New |
Largest holders overall
- BlackRock$14.6bnAdded
- Vanguard Capital Management$14.1bnAdded
- State Street$9.6bnAdded
- FMR$7.9bn
- Vanguard Portfolio Management$7.7bnCut
- Invesco$7.3bnAdded
- WCM Investment Management$5.2bnAdded
- JPMorgan Chase$5.0bnCut
- Geode Capital Management$5.0bn
- Morgan Stanley$4.6bn
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- BlackRock, Inc.Passive investor6.1%Since 31 March 2025
- JPMORGAN CHASE & CO.Passive investorSold down below 5%Since 31 October 2025
- Vanguard Portfolio ManagementPassive investorSold down below 5%Since 30 June 2026
- Capital Research Global InvestorsPassive investorSold down below 5%Since 30 June 2025
- Sanders CapitalPassive investorSold down below 5%Since 30 June 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
BlackRock, Inc. Passive investor | 6.1% | 31 March 2025 | |
JPMORGAN CHASE & CO. Passive investor | Sold down below 5% | 31 October 2025 | |
Vanguard Portfolio Management Passive investor | Sold down below 5% | 30 June 2026 | |
Capital Research Global Investors Passive investor | Sold down below 5% | 30 June 2025 | |
Sanders Capital Passive investor | Sold down below 5% | 30 June 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 11 sold $595m, $393m of it under preset trading plans.
- MOSLEY WILLIAM DCEO, DirectorSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 11,002
- Price
- $935.60
- Value
- $10m
- MOSLEY WILLIAM DCEO, DirectorSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 18,998
- Price
- $914.67
- Value
- $17m
- Morris John ChristopherEVP & CTOSoldunder a preset trading plan
- Date
- 21 September 2026
- Shares
- 9,354
- Price
- $877.91
- Value
- $8m
- Romano GianlucaEVP & CFOSold
- Date
- 15 September 2026
- Shares
- 49,984
- Price
- $772.16
- Value
- $39m
- MOSLEY WILLIAM DCEO, DirectorSold
- Date
- 15 September 2026
- Shares
- 97,889
- Price
- $772.14
- Value
- $76m
- Teh Ban SengEVP & Chief Commercial OfficerSoldunder a preset trading plan
- Date
- 15 September 2026
- Shares
- 52,730
- Price
- $782.08
- Value
- $41m
- Morris John ChristopherEVP & CTOSold
- Date
- 15 September 2026
- Shares
- 15,466
- Price
- $772.15
- Value
- $12m
- Teh Ban SengEVP & Chief Commercial OfficerSoldunder a preset trading plan
- Date
- 14 September 2026
- Shares
- 989
- Price
- $779.00
- Value
- $770,431
- Morris John ChristopherEVP & CTOSold
- Date
- 14 September 2026
- Shares
- 493
- Price
- $781.23
- Value
- $384,952
- Romano GianlucaEVP & CFOSoldunder a preset trading plan
- Date
- 14 September 2026
- Shares
- 955
- Price
- $781.24
- Value
- $746,087
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 October 2026 | MOSLEY WILLIAM D CEO, Director | Sold under a preset trading plan | 11,002 | $935.60 | $10m |
| 1 October 2026 | MOSLEY WILLIAM D CEO, Director | Sold under a preset trading plan | 18,998 | $914.67 | $17m |
| 21 September 2026 | Morris John Christopher EVP & CTO | Sold under a preset trading plan | 9,354 | $877.91 | $8m |
| 15 September 2026 | Romano Gianluca EVP & CFO | Sold | 49,984 | $772.16 | $39m |
| 15 September 2026 | MOSLEY WILLIAM D CEO, Director | Sold | 97,889 | $772.14 | $76m |
| 15 September 2026 | Teh Ban Seng EVP & Chief Commercial Officer | Sold under a preset trading plan | 52,730 | $782.08 | $41m |
| 15 September 2026 | Morris John Christopher EVP & CTO | Sold | 15,466 | $772.15 | $12m |
| 14 September 2026 | Teh Ban Seng EVP & Chief Commercial Officer | Sold under a preset trading plan | 989 | $779.00 | $770,431 |
| 14 September 2026 | Morris John Christopher EVP & CTO | Sold | 493 | $781.23 | $384,952 |
| 14 September 2026 | Romano Gianluca EVP & CFO | Sold under a preset trading plan | 955 | $781.24 | $746,087 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It isn't cheap on profits: 45.1× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.