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Director Conyers Yolanda Lee sold 750 ordinary shares of Seagate Technology Holdings PLC (NASDAQ:STX) on December 2, 2025, at a price of $272.91, for a total value of $204,682. Following the transaction, Conyers directly owns 5,601 shares of the company.This insider sale comes as Seagate, a prominent player in the Technology Hardware, Storage & Peripherals industry with a market capitalization of $58.06 billion, has delivered an impressive 218% return year-to-date. The stock currently trades at a P/E ratio of 34.3, which InvestingPro analysis suggests is slightly above its Fair Value. Notably, Seagate has maintained dividend payments for 15 consecutive years, with a current yield of 1.1%.
In other recent news, Seagate Technology has completed a significant financial transaction involving $500 million of its subsidiary’s 3.50% Exchangeable Senior Notes due 2028. The company exchanged these notes for approximately $503.4 million in cash and 4.3 million ordinary shares of Seagate stock. This move follows an earlier announcement about the exchange agreements, which highlights Seagate’s strategic financial management. Additionally, several analyst firms have adjusted their price targets for Seagate Technology. BofA Securities increased its price target to $320, citing an improved supply and demand balance in the hard disk drive industry. TD Cowen raised its target to $340, noting bullish fundamentals and sentiment after meetings with Seagate’s management. Cantor Fitzgerald set a new price target of $400, referencing the hard disk drive oligopoly dynamics and expectations of continued demand exceeding supply through 2026. These adjustments reflect a positive outlook from analysts regarding Seagate’s market position and future prospects.
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