Seagate EVP Teh Ban Seng Sells Shares Amid Analyst Confidence
Teh Ban Seng, EVP of Seagate, sold 989 shares as analysts maintain positive ratings.
Key Points
- Teh Ban Seng, EVP of Seagate, sold 989 shares on June 11, 2026, at a price of $995.81.
- Seagate's stock trades near $995.81 with a market cap of $210.65 billion and a P/E ratio of 88.5.
- Analysts like Morgan Stanley and JP Morgan maintain 'buy' ratings with targets up to $1,150.
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On June 11, 2026, Teh Ban Seng, Executive Vice President and Chief Commercial Officer of Seagate Technology Holdings plc, sold 989 shares of the company. The transaction was not planned in advance and took place with the shares trading at $995.81. This move comes as the company's stock remains strong in the market.
Seagate Technology Holdings plc Stock Up 20.0%
Shares of NasdaqGS:STX are trading near $995.81. Seagate Technology, a major player in the data storage industry, boasts a market cap of approximately $210.65 billion. The company has a P/E ratio of 88.5 and a forward P/E of 34.6, indicating growth expectations. The stock has a 52-week range between $127.61 and $966.80, and a beta of 2.083 suggests higher volatility compared to the market. Seagate's 50-day moving average stands at $714.01, while its 200-day moving average is $404.30.
$STX stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Seagate reported revenue of $11.01 billion, with a revenue growth rate of 44.1%. The company's earnings per share (EPS) is $10.52, and it maintains a net margin of 21.6%. Return on equity (ROE) is a healthy 17.9%. Seagate is scheduled to announce its next earnings on July 28, 2026.
Dividend
Seagate offers an annual dividend rate of $2.96, yielding 0.32%. Its dividend payout ratio is 27.7%, indicating a sustainable dividend policy. The company continues to provide value to its shareholders through consistent dividends.
Insider Buying and Selling at Seagate Technology Holdings plc
Several insiders at Seagate have been active in the market recently. On June 12, 2026, Teh Ban Seng sold 989 shares at an average price of $880.19. On the same day, John Christopher Morris, EVP & CTO, sold 1,364 shares, and Gianluca Romano, EVP & CFO, sold 903 shares, each at the same price. CEO William Mosley also sold 1,768 shares on June 12, 2026. These transactions were not planned under Rule 10b5-1 plans.
Analysts Set New Price Targets
Analysts continue to show confidence in Seagate's stock. On June 15, 2026, Morgan Stanley maintained its 'buy' rating with a price target of $1,035. JP Morgan also upheld its 'buy' rating with a target of $920 on June 12, 2026. Citigroup set a high price target of $1,150 on June 2, 2026, reinforcing a positive outlook on the stock. The consensus among 22 analysts is a 'buy' recommendation, with an average target price of $885.91.
About Seagate Technology Holdings plc
Seagate Technology Holdings plc specializes in providing data storage technology and infrastructure solutions globally. Headquartered in Singapore, the company offers a range of products including enterprise nearline hard disk drives, solid state drives, and network-attached storage solutions. Seagate also provides external storage solutions under various product lines and brands like LaCie. Founded in 1978, Seagate employs approximately 30,000 people worldwide under the leadership of CEO Dr. William David Mosley.
Bottom Line
Teh Ban Seng's recent sale of Seagate shares is a notable insider transaction, though it doesn't necessarily indicate a negative outlook. Seagate remains a strong player in the tech industry, with robust revenue growth and a solid market position. Analysts maintain a positive stance on the stock, reflecting confidence in its future performance. Investors should note that insider transactions are just one of many factors to consider in evaluating a stock's potential.
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