StreetInsider.com News Articles

Seagate shares fall after Wells Fargo cuts price target

Fri, 16 Oct 2026 10:29:48 -0400

Seagate Technology shares dropped 5.3% in morning trading Friday, reaching a session low of $652.70, after Wells Fargo analyst Joseph Quatrochi reduced his price target to $865 from $1,180 while keeping an Overweight rating on the stock.

The price target reduction came after a steep multi-week selloff in the stock. Seagate previously rallied from a 52-week low of $209 to a peak of $1,145.

Sector concerns have grown following reports that Toshiba plans to approximately double its mass-capacity hard drive production with an investment of around $380 million. The planned capacity expansion has raised questions about supply-demand balance and nearline pricing in

Seagate Technology (STX) PT Lowered to $865 at Wells Fargo

Fri, 16 Oct 2026 06:29:03 -0400

Wells Fargo analyst Aaron Rakers lowered the price target on Seagate Technology (NASDAQ: STX) to $865.00 (from $1,180.00) while maintaining a Overweight rating.

Seagate Technology to Report Fiscal First Quarter 2027 Financial Results on October 27, 2026

Tue, 13 Oct 2026 16:05:00 -0400

SINGAPORE--(BUSINESS WIRE)-- Seagate Technology Holdings plc (NASDAQ: STX), a leading innovator of mass-capacity data storage, will report fiscal first quarter 2027 financial results after the US market closes on Tuesday, October 27, 2026. The investment community conference call to discuss these results will take place that day at 2:00 PM PT / 5:00 PM ET.

The live audio webcast can be accessed online at Seagate’s Investor Relations website at investors.seagate.com.

About Seagate Technology

Seagate (NASDAQ: STX) is a pioneer in mass-capacity data storage, accelerating ability to harness the full value of data. Our portfolio of advanced

Seagate Technology to Report Fiscal First Quarter 2027 Financial Results on October 27, 2026

Tue, 13 Oct 2026 16:05:00 -0400

The live audio webcast can be accessed online at Seagate’s Investor Relations website at investors.seagate.com.

About Seagate Technology

Seagate (NASDAQ: STX) is a pioneer in mass-capacity data storage, accelerating ability to harness the full value of data. Our portfolio of advanced

Bernstein SocGen: 'TDK's crown jewels up for grabs? Buy STX and WDC on weakness'

Thu, 08 Oct 2026 08:23:26 -0400

Bernstein SocGen Group analyst Mark C. Newman defends STX and WDS stocks amid the Bloomberg news report.

The analyst commented: "Bloomberg news reported that Seagate and Toshiba are locked in a contest for TDK’s magnetic heads business for HDD. STX fell 9% and WDC fell 7% on this news. Why were STX and WDC shares down on this news? We think the market has three main concerns with this news, particularly when combined with the other recent headlines of Toshiba adding capacity (that we wrote on here): 1) it increases concerns that Toshiba is getting more aggressive on capacity

Bernstein SocGen: 'TDK's crown jewels up for grabs? Buy STX and WDC on weakness'

Thu, 08 Oct 2026 08:23:26 -0400

Bernstein SocGen: 'TDK's crown jewels up for grabs? Buy STX and WDC on weakness'

Thu, 08 Oct 2026 08:23:26 -0400

Bernstein SocGen: 'TDK's crown jewels up for grabs? Buy STX and WDC on weakness'

Thu, 08 Oct 2026 08:23:26 -0400

Toshiba and Seagate seek to acquire TDK's magnetic head unit, Goldman comments

Tue, 06 Oct 2026 10:03:03 -0400

Investing.com -- Goldman Sachs maintained its Buy rating on TDK shares. Toshiba and Seagate Technology (NASDAQ:STX) are pursuing the acquisition of TDK's magnetic head business, according to a report. The potential deal is expected to reach hundreds of billions of yen.

Toshiba began discussions with TDK about purchasing the magnetic head business in spring 2026. Seagate later submitted a higher offer during the summer months. Goldman wrote today: "...we take no view on the veracity the article".

Both companies are concerned about magnetic head procurement risks if they fail to secure the acquisition. Three-party talks involving Toshiba, Seagate, and TDK have begun

Evercore says vertical integration favors Seagate and WDC

Tue, 06 Oct 2026 06:19:35 -0400

Investing.com -- Evercore analysts said the hard disk drive industry can meet growing exabyte demand while maintaining discipline on finished-drive units through higher areal density, which produces more terabytes per drive.

The firm said this approach shifts the production bottleneck upstream from final assembly into head wafers, HAMR photonics, magnetic media, glass substrates, deposition and testing. This dynamic favors Seagate (NASDAQ:STX) and Western Digital (NASDAQ:WDC), according to Evercore.

The analysts noted that both companies manufacture substantially all of their heads and media, allowing them to co-optimize the recording system, accelerate yield learning and retain the resulting cost per terabyte benefit.

HAMR technology adds

Evercore says vertical integration favors Seagate and WDC

Tue, 06 Oct 2026 06:19:35 -0400

HAMR technology adds

3 tactical chip stocks to buy ahead of earnings, according to Goldman

Mon, 05 Oct 2026 08:13:59 -0400

Investing.com -- Goldman Sachs said it sees a more constructive trading setup for semiconductor stocks heading into third-quarter earnings, after a sector pullback it attributed to significant de-risking, and named Applied Materials, Seagate and Microchip as tactical ideas.

Analysts led by James Schneider said the sector has fallen sharply over the past two months, with the SOX index down 11% against a 4% gain for the S&P 500. That is "in stark contrast to the 2Q setup," when the bank signaled a more cautious tactical outlook ahead of results. Goldman sees estimate upside across most sub-sectors, particularly semiconductor equipment, compute and

3 tactical chip stocks to buy ahead of earnings, according to Goldman

Mon, 05 Oct 2026 08:13:59 -0400

3 tactical chip stocks to buy ahead of earnings, according to Goldman

Mon, 05 Oct 2026 08:13:59 -0400

3 tactical chip stocks to buy ahead of earnings, according to Goldman

Mon, 05 Oct 2026 08:13:59 -0400

3 tactical chip stocks to buy ahead of earnings, according to Goldman

Mon, 05 Oct 2026 08:13:59 -0400

3 tactical chip stocks to buy ahead of earnings, according to Goldman

Mon, 05 Oct 2026 08:13:59 -0400

Goldman Sachs: 'Tactical Ideas: See upside for AMAT, STX, MCHP; downside for QCOM, KLAC, WDC'

Mon, 05 Oct 2026 07:35:48 -0400

Goldman Sachs: 'Tactical Ideas: See upside for AMAT, STX, MCHP; downside for QCOM, KLAC, WDC'.