How Is Seagate Technology's Stock Performance Compared to Other Tech Stocks?

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Singapore-based Seagate Technology Holdings plc (STX) engages in the provision of data storage technology and infrastructure solutions in Singapore, the U.S., and internationally. With a market cap of $27.8 billion, Seagate operates as one of the largest manufacturers of hard disk drives (HDDs) in the world.
Companies with a market cap of $10 billion or more are categorized as "large-cap stocks." Seagate fits this description perfectly, with its market cap exceeding this threshold, reflecting its substantial size and influence in the SSD and HDD storage market.
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Seagate touched its all-time high of $133.76 in yesterday's trading session before slightly pulling back. STX stock has soared 48.1% over the past three months, significantly outpacing the Technology Select Sector SPDR Fund's (XLK) 13.9% gains during the same time frame.
STX has outpaced the tech sector over the longer term as well. STX stock has surged 52.1% on a YTD basis and 23.9% over the past 52 weeks, outperforming XLK's 3.9% uptick in 2025 and 4.4% gains over the past year.
Seagate's stock has shot up above its 50-day moving average in late April and above its 200-day moving average in May, underscoring its bullish upturn.
Seagate Technology's stock prices rallied 11.6% in the trading session after the release of its impressive Q3 results on Apr. 29. During the quarter, demand for mass capacity storage remained elevated, leading to Seagate's topline soaring 30.5% year-over-year to $2.2 billion, beating the Street's expectations by 1.3%. Moreover, the company experienced a massive improvement in its margins. Seagate's adjusted operating margin for the quarter jumped to 23.5%, significantly up from 11.1% reported in Q3 2024. This led to its adjusted operating income surging 177% year-over-year to $507 million. Meanwhile, its adjusted net income soared by an impressive 473.2% year-over-year to $407 million, and its adjusted EPS of $1.90 surpassed the consensus estimates by a notable margin.
Furthermore, as per the company's projections' midpoint, Seagate's Q4 revenues are expected to come in at $2.4 billion and adjusted EPS to come in at $2.40, showcasing significant year-over-year and sequential growth. The company also remains confident in its ability to drive sustainable growth beyond 2025 on the back of solid industry fundamentals and its own positioning.
Meanwhile, Seagate has also outperformed its peer Western Digital Corporation's (WDC) 32.4% surge on a YTD basis and 1.6% dip over the past 52 weeks.
Among the 19 analysts covering the STX stock, the consensus rating is a 'Moderate Buy.' As of writing, the stock is trading above its mean price target of $125.72.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com