Seagate Tech Announces Exchange Offer for Outstanding Notes

Seagate Tech ( (STX) ) has shared an announcement.

On May 27, 2025, Seagate Data Storage Technology Pte. Ltd., a subsidiary of Seagate Technology Holdings, issued $400 million in 5.875% Senior Notes due 2030. These notes are guaranteed by Seagate and its subsidiaries, and the issuance is part of a strategic financial maneuver to manage and optimize its debt structure. Additionally, on May 28, 2025, Seagate announced an exchange offer for eight series of outstanding notes issued by Seagate HDD Cayman, aiming to replace them with new notes issued by Seagate Data Storage Technology. This move is intended to streamline Seagate’s financial operations and potentially improve its market positioning by consolidating its debt under a single issuer.

The most recent analyst rating on (STX) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Seagate Tech stock, see the STX Stock Forecast page.

Spark’s Take on STX Stock

According to Spark, TipRanks’ AI Analyst, STX is a Outperform.

Seagate Tech’s overall stock score is buoyed by strong earnings call insights and corporate events, highlighting solid growth and shareholder-focused strategies. This is complemented by positive technical indicators. However, financial performance concerns, particularly related to leverage, slightly temper the score.

To see Spark’s full report on STX stock, click here.

More about Seagate Tech

Seagate Technology Holdings plc operates in the data storage industry, providing a range of data storage solutions. The company is known for its hard disk drives and storage products, catering to both consumer and enterprise markets.

Average Trading Volume: 4,341,793

Technical Sentiment Signal: Buy

Current Market Cap: $24.84B

For an in-depth examination of STX stock, go to TipRanks’ Stock Analysis page.