Seagate Tech Hldgs Option Alert: Apr 17 $105 Puts at the Ask: 750 vs 95 OI

Seagate Tech Hldgs Option Alert: Apr 17 $105 Puts at the Ask: 750 @ $7.3 vs 95 OI; Ref=$101.36

Seagate Tech Hldgs (NASDAQ:STX) Azioni

Seagate Tech Hldgs

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

Seagate Technology

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Esperti di mercato individuano società con rendimenti elevati. Un&#39;analisi svela quali titoli del settore tech offrono dividendi generosi.

Dividendi elevati? 3 azioni consigliate dai migliori analisti di Wall Street

Gli analisti di Wall Street valutano le migliori azioni tecnologiche con alti rendimenti sui dividendi. Scopri queste opportunità.

3 azioni tecnologiche che pagano ottimi dividendi: ecco quali sono

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Analisi delle migliori azioni a dividendo nel settore informatico da monitorare per ottenere rendimenti elevati.

3 azioni a dividendo da monitorare nel settore informatico

Seagate Technology Holdings PLC - Ordinary Shares (Ireland)

Seagate Technology Holdings PLC

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Starrex International Ltd

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Citigroup analyst Asiya Merchant maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and lowers the price target from $115 to $90.

Citigroup Maintains Buy on Seagate Tech Hldgs, Lowers Price Target to $90

WIIM

DELL

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Shares of semiconductor, electronics and hardware stocks are trading higher after the Trump administration excluded a range of technology products, including consumer electronics from the 145% reciprocal tariffs bucket.

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iShares Dow Jones US Technology Sector Index Fund

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Penguin Solutions, Inc. - Ordinary Shares

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iShares PHLX SOX Semiconductor Sector Index Fund

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Shares of technology stocks are trading lower amid an overall market reversal following Wednesday's surge.

NTAP

Shares of hardware and storage stocks are trading lower amid overall tech weakness as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Mizuho analyst Vijay Rakesh maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Outperform and lowers the price target from $115 to $95.

Mizuho Maintains Outperform on Seagate Tech Hldgs, Lowers Price Target to $95

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

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Shares of companies in the broader technology sector are trading higher after President Trump issued a 90-day pause on reciprocal tariffs for all countries except China, which is restoring investor confidence.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Opera Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRA#NASDAQ">OPRA</a>)</h3>
<ul>
<li>Dividend Yield: 5.59%</li>
<li>TD Cowen analyst Lance Vitanza maintained a Buy rating and increased the price target from $25 to $28 on Oct. 30, 2024. This analyst has an accuracy rate of 73%.</li>
<li>B. Riley Securities analyst Lee Krowl reiterated a Buy rating and raised the price target from $24 to $25 on Oct. 30, 2024. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Feb. 27, Opera reported better-than-expected fourth-quarter revenue results and issued first-quarter revenue guidance above estimates.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408">latest OPRA news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408"><img loading="lazy" decoding="async" width="916" height="826" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033544/image-32.png" alt="" class="wp-image-861318" style="width:474px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033544/image-32.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033544/image-32-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033544/image-32-768x693.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</h3>
<ul>
<li>Dividend Yield: 5.25%</li>
<li>Goldman Sachs analyst Toshiya Hari maintained a Neutral rating and slashed the price target from $92 to $70 on Feb. 6, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Stifel analyst Ruben Roy downgraded the stock from Buy to Hold and cut the price target from $105 to $62 on Feb. 6, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Feb. 5, Skyworks issued second-quarter adjusted EPS guidance below estimates.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408">latest SWKS news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408"><img loading="lazy" decoding="async" width="906" height="826" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033624/image-33.png" alt="" class="wp-image-861325" style="width:489px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033624/image-33.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033624/image-33-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033624/image-33-768x700.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
<h3 class="wp-block-heading">Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>)</h3>
<ul>
<li>Dividend Yield: 4.19%</li>
<li>B of A Securities analyst Mehdi Hosseini maintained a Buy rating and cut the price target from $130 to $112 on March 13, 2025. This analyst has an accuracy rate of 61%.</li>
<li>UBS analyst Timothy Arcuri maintained a Neutral rating and increased the price target from $95 to $105 on Jan. 22, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On March 31, Seagate reported that it has completed the acquisition of Intevac.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to latest STX <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408">news </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0408"><img loading="lazy" decoding="async" width="902" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033707/image-34.png" alt="" class="wp-image-861337" style="width:507px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033707/image-34.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033707/image-34-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/08033707/image-34-768x711.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
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Wall Street's Most Accurate Analysts Spotlight On 3 Tech Stocks Delivering High-Dividend Yields

Infrared Cameras Holdings, Inc. - Common Stock

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Shares of companies within the broader technology sector are trading lower as investors react to macro and supply chain uncertainty amid President Trump's sweeping Liberation Day tariffs and retaliatory responses from major trading nations.

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DATS, LMFA, TDTH, IVDA AAPL, AKAM, AMD, APPS, ARM, ARQQ, ASML, ATGL, CDNS, CMBM, CMTL, COHR, CSAI, DATS, DELL, DGNX, DT, ENPH, ENTG, FICO, FSLY, GDDY, GEN, GFS, GOOG, GOOGL, GWRE, INTC, INTZ, IVDA, JKS, KC, LAES, LDTC, LITE, LMFA, MASS, MAXN, MDB, MFH, MPWR, MRVL, MSAI, MSFT, MU, NTNX, NVDA, OKTA, OLED, OUST, PCOR, PENG, PLTR, PRSO, QCOM, QMCO, RDZN, RTC, SAIL, SEDG, SHOP, SMH, SMTK, SNCR, SNOW, SNPS, SOXX, STAI, STX, TDTH, TER, TTAN, U, UBXG, XLK, XTKG, YOU, ZETA, ZS

QMCO

SMTK

Shares of companies within the broader technology sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

IVDA

TDTH

Shares of companies in the broader technology sector are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

Seagate Tech Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STX#NYSE">STX</a>) short percent of float has risen 16.44% since its last report. The company recently reported that it has 18.73 million shares sold short, which is 11.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.42 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Seagate Tech Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742488216_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Seagate Tech Hldgs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Seagate Tech Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Seagate Tech Hldgs's peer group average for short interest as a percentage of float is 7.73%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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What Does the Market Think About Seagate Tech Hldgs?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Goldman Sachs cut American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) price target from $367 to $330. Goldman Sachs analyst Ryan Nash maintained a Buy rating. American Express shares closed at $264.38 on Monday. See how other <a href="https://www.benzinga.com/quote/AXP/analyst-ratings">analysts view this stock.</a></li>
<li>Morgan Stanley slashed the price target for SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) from $27 to $20. Morgan Stanley analyst Hamza Fodderwala maintained an Equal-Weight rating. SentinelOne shares closed at $18.91 on Monday. <a href="https://www.benzinga.com/quote/S/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel cut PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) price target from $22 to $19. Stifel analyst Steven Wieczynski maintained a Hold rating. PENN Entertainment shares closed at $17.26 on Monday. See how other analysts <a href="https://www.benzinga.com/quote/PENN/analyst-ratings">view this stock</a>.</li>
<li>RBC Capital cut the price target for GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) from $453 to $445. RBC Capital analyst Christopher Dendrinos maintained an Outperform rating. GE Vernova shares closed at $331.96 on Monday. <a href="https://www.benzinga.com/quote/GEV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut the price target for Align Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) from $270 to $235. Piper Sandler analyst Jason Bednar reiterated an Overweight rating. Align Technology shares closed at $169.59 on Monday. <a href="https://www.benzinga.com/quote/ALGNX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) price target from $125 to $115. Citigroup analyst Asiya Merchant maintained a Buy rating. Seagate shares settled at $90.51 on Monday. <a href="https://www.benzinga.com/quote/STX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital cut Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) price target from $23 to $20. Loop Capital analyst Rob Sanderson maintained a Buy rating. Lyft shares closed at $12.03 on Monday. <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities slashed Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) price target from $74 to $72. Truist Securities analyst Srikripa Devarakonda maintained a Hold rating. Incyte shares closed at $62.01 on Monday. &nbsp;<a href="https://www.benzinga.com/quote/INCY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital cut the price target for Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from $440 to $320. RBC Capital analyst Tom Narayan maintained an Outperform rating. Tesla shares settled at $238.01 on Monday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc slashed Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $220 to $202. Keybanc analyst Justin Patterson maintained an Overweight rating. Alphabet shares closed at $164.29 on Monday. <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Tesla To $320? Here Are 10 Top Analyst Forecasts For Tuesday

Citigroup analyst Asiya Merchant maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and lowers the price target from $125 to $115.

Citigroup Maintains Buy on Seagate Tech Hldgs, Lowers Price Target to $115

LIDR

MOBBW

Shares of companies in the broader technology sector are trading higher. The sector may be rising amid an overall rebound after investor uncertainty and several risk factors led to markets entering correction territory last week.

B of A Securities analyst Mehdi Hosseini maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and lowers the price target from $130 to $112.

B of A Securities Maintains Buy on Seagate Tech Hldgs, Lowers Price Target to $112

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Shares of companies with the broader tech sector are trading lower amid overall market weakness following a rise in Treasury yields. Investors may be evaluating ongoing global tension related to tariffs and conflict.

IVAC

Seagate To Acquire Intevac; Intevac Shareholders To Receive $4/Share In Cash Plus Special Dividend Of $0.052 Per Share And A Regular Dividend of $0.05 Per Share

Following China's DeepSeek impact — an artificial intelligence model that could compete with Western models on capabilities and at a much lower cost — <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43289107/will-deepseek-hurt-magnificent-7-stocks-valuation">worries abounded regarding </a>its potential negative effect on the tech ecosystem. However, Palantir Technologies Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) <a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43463909/palantir-stock-is-surging-tuesday-whats-going-on">gangbusters earnings report</a> helped to recalibrate the compass. Still, rather than chasing the hottest hand of the moment, thinking investors may consider a less-heralded opportunity with Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>).
Let's be real here — Seagate is unlikely to generate the buzz of a Palantir or an Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in terms of AI relevance. Nevertheless, Seagate plays a critical role in machine intelligence by supplying high-capacity storage solutions that power AI workloads. Obviously, deep learning and other advanced models require enormous amounts of data and Seagate provides the drives that store and process this data efficiently.
Regarding STX stock, Palantir's individual metrics — such as blowing past revenue and earnings targets — don't mean much. Rather, it's the <a href="https://www.benzinga.com/news/earnings/earnings-beats/25/02/43468342/palantir-rockets-on-strong-q4-2024-was-only-a-dress-rehearsal-for-ai-growth-says-analyst">broader implications</a> for the innovation industry that matters. BofA Securities analyst Mariana Perez Mora stated that Palantir's disclosure revealed that "2024 was only a dress rehearsal." Mora further emphasized that "the company sees the world ripe for an AI and technology revolution."
By logical deduction, an AI and tech revolution would lead to more data processing and storage requirements — and that plays right into Seagate's hands.
<h2 class="wp-block-heading">Statistical Trends Favor a Bullish Outlook on STX Stock</h2>
Another element beyond the enticing fundamentals that favor a bullish outlook on STX stock is its statistical trends. Over the long run, the U.S. stock market features an <a href="https://www.benzinga.com/23/06/33061931/avoid-the-timing-trap-embrace-a-diversified-long-term-strategy">upward bias</a>. As a rule of thumb, investors will do well to consider individual names that also tend to rise over time. That's exactly the case with STX.
Over the past five years, against a stochastic view — that is, incorporating no other context aside from the temporal — the security has a 55.85% chance that a position entered at the beginning of the week will rise by the end of it. Extend this time period to four weeks and the upward bias only diminishes slightly to 54.2%.
In terms of magnitude of results, positive four-week periods feature a median return of 6.96% while negative periods incur a median loss of 6.59%.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit-1024x576.jpg" alt="" class="wp-image-765562" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/04142357/STX-stock-probability-gambit.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
However, the market can respond more vigorously based on unusual fluctuations of the fear-greed continuum. Last week, STX suffered a loss of 8.32%. That's aberrant because over the past five years, the median loss under negative weeks sits at only 3.41%.
It's worth noting that under dynamic conditions — in this case, following an extreme-fear event involving a one-week loss between 5% and 10% — the responding long odds improve over the stochastic framework. By the end of the fourth subsequent week following unusual volatility, STX has a 60.71% chance of rising. The median return under positive outcomes is 6.32%, while the median loss under negative scenarios is 3.58%.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43474912/coffee-prices-soar-over-100-near-historic-rally-as-inflation-percolates-through-supply-chain">Coffee Prices Soar Over 100%, Near Historic Rally As Inflation Percolates Through Supply Chain</a>
<h2 class="wp-block-heading">Plotting an Effective Options Strategy</h2>
To be honest, the idea of generating returns of a few percentage points here or there isn't exactly enticing. However, with the power of multi-leg options strategies, the leverage can be enhanced significantly. One problem, though, is <a href="https://www.benzinga.com/money/how-to-research-and-choose-etfs">paralysis by analysis</a>. Just how does one go about selecting an appropriate strategy?
With the market intelligence above, this process is much simpler. By the options chain expiring Feb. 28 (four weeks following last week's extreme-fear event), there is a solid chance that under dynamic conditions, STX may rise to $102.45 or fall to $92.91. As such, an aggressive investor may consider the 95/102 <a href="https://www.benzinga.com/money/bull-spread">bull call spread</a>.
Under the bull spread, an investor buys a call option (the $95 call in the above case) and simultaneously sells a call (the $102 call). The credit received from the sale of the short call (which is $85 at time of writing) partially offsets the debit paid for the long call (which is $330 at this moment). Therefore, the net debit paid is $245, which also represents the most that can be lost in the trade.
Should STX stock rise to $102 or above, the trader picks up the maximum reward, which is represented by the difference between the strike prices (assuming the options multiplier of 100 shares per every option contract) minus the net debit paid. This comes out to $455 or a payout of 185.71%.
What's more, the long call of $95 provides some downside protection. Should the trade go awry, traders may be able to salvage some value out of the bull spread, so long as STX stock doesn't fall below $95. Less-aggressive investors may choose to consider lower long strikes (as well as short strikes) to improve the odds of success. However, such approaches will usually accompany a greater cash outlay and/or a lesser payout.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/25/02/43476012/trumps-canada-tariffs-bffs-for-decades-what-went-wrong-can-it-really-be-about-fentanyl-unlikely">Trump&#8217;s Canada Tariffs: BFFs For Decades, What Went Wrong? Can It Really Be About Fentanyl?</a></li>
</ul>
Photo: JHVEPhoto/Shutterstock.com

Earnings Beats

Long Ideas

Options

$STX

Options Corner: Seagate Technology Delivers An Unheralded Opportunity Amid AI Resurgence

Investors with a lot of money to spend have taken a bearish stance on Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with STX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Seagate Tech Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 45%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $828,491, and 2 are calls, for a total amount of $80,000.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $100.0 for Seagate Tech Hldgs during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Seagate Tech Hldgs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Seagate Tech Hldgs's substantial trades, within a strike price spectrum from $90.0 to $100.0 over the preceding 30 days.
<h3>Seagate Tech Hldgs 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738602925_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.2</td>
<td>$11.1</td>
<td>$11.2</td>
<td>$100.00</td>
<td>$243.2K</td>
<td>5.1K</td>
<td>0</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$13.3</td>
<td>$13.0</td>
<td>$13.2</td>
<td>$100.00</td>
<td>$132.0K</td>
<td>202</td>
<td>200</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$13.4</td>
<td>$12.9</td>
<td>$13.13</td>
<td>$100.00</td>
<td>$131.3K</td>
<td>202</td>
<td>100</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.4</td>
<td>$11.0</td>
<td>$11.1</td>
<td>$100.00</td>
<td>$73.2K</td>
<td>5.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>STX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.1</td>
<td>$11.0</td>
<td>$11.1</td>
<td>$100.00</td>
<td>$64.3K</td>
<td>5.1K</td>
<td>528</td>
</tr>
</tbody>
</table>

<h3>About Seagate Tech Hldgs</h3>
Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
In light of the recent options history for Seagate Tech Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Seagate Tech Hldgs's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,150,300, with STX's price down by -1.88%, positioned at $94.55.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What Analysts Are Saying About Seagate Tech Hldgs</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $118.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Seagate Tech Hldgs with a target price of $134. 
&#x2A; An analyst from Susquehanna has decided to maintain their Negative rating on Seagate Tech Hldgs, which currently sits at a price target of $68. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Seagate Tech Hldgs with a target price of $150. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Seagate Tech Hldgs, maintaining a target price of $110. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Seagate Tech Hldgs, targeting a price of $129. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Seagate Tech Hldgs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

What the Options Market Tells Us About Seagate Tech Hldgs

IT hardware stocks have dropped <a href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more">following the DeepSeek news</a>.
Despite the plunge, BofA Securities analyst Wamsi Mohan likes stocks such as Corning Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) for various idiosyncratic reasons.
The analyst focused largely on non-AI-themed stocks that have specific catalysts.
Corning: The analyst noted that Corning's key drivers include a cyclical recovery in its optical business, growth in Lumen/BEAD programs, solar opportunities, stable display profitability and its <a href="https://www.benzinga.com/quote/GLW/analyst-ratings">upcoming Investor Day on March 18.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/25/01/43215631/amazon-prime-video-shifts-focus-to-live-sports-looks-to-become-profitable-by-end-of-2025" target="_blank" rel="noreferrer noopener">Amazon Prime Video Shifts Focus To Live Sports, Looks To Become Profitable By End Of 2025</a>
Hewlett Packard: The company's key drivers are the Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) acquisition and synergies, IT spending recovery and cost-cutting initiatives, with AI server exposure <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">not factored into the valuation.</a>
The analyst anticipates Hewlett Packard will experience a pro-forma EPS increase of 8% for 2026, excluding synergies, and 18% with $350 million in cost synergies.
Western Digital: The company's key driver is the upcoming spin-off, which is expected to unlock value <a href="https://www.benzinga.com/quote/WDC/analyst-ratings">between $5-$10 billion</a>.
Seagate Technology: The firm's key drivers include the ramp-up of HAMR, higher gross margins from high-capacity drives, and sustained data center spending.
Apple: The tech behemoth's key drivers include the iPhone SE launch, insourcing the modem for higher margins, WWDC with AI use cases, <a href="https://www.benzinga.com/quote/STX/analyst-ratings">and iPhone 17 in Sept 2025.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43153571/openais-sam-altman-flip-flops-on-trump-as-500-billion-stargate-ai-project-is-announced-years-after-praising-reid-hoffman-for-stopping-his-re-election" target="_blank" rel="noreferrer noopener">OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says ‘I Wish I Had Done More Of My Own Thinking'</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Equities

Movers

Tech

General

JNPR

DeepSeek News Plunges IT Hardware Stocks, But Analyst Sees 5 Bright Spots Among Tech Giants

Press Releases

Seagate Introduces Hard Drive Capacities of Up to 36TB, Extending Its HAMR-Based Mozaic 3+ Technology Platform

Seagate Technology Reports Fiscal Second Quarter 2025 Financial Results

Seagate Announces Agreement to Acquire Intevac

INTEVAC INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Intevac, Inc. - IVAC

Seagate to Participate in Upcoming Investor Events

Jim Chirico, Ex-Avaya CEO, Has Been Named CEO of Instant Intelligence

Seagate Completes Acquisition of Intevac

Seagate Technology to Report Fiscal Third Quarter 2025 Financial Results on April 29, 2025

AI Is Redefining Tech Infrastructure Priorities: Seagate Report Calls for Balance Between Cost and Carbon

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