$STX

Teh Ban Seng (EVP & Chief Commercial Officer) sold 7,361 shares of Seagate Technology Holdings plc (STX) at an average of $920.80 ($920.14–$923.73, $6.78M total) across 2 trades on 2026-08-13.

U.S. stocks rose after tame July PPI data eased Fed-hike concerns. The S&P 500 and Nasdaq closed at record levels, up 0.7% and 0.8%. The 10-year Treasury yield fell to about 4.65%. Workday surged on a Reuters report that Silver Lake is in talks to acquire it. Birkenstock jumped after Q3 results and raised 2026 outlook.

Tiger Global Management, per its SEC 13F for Q2 2026, reported $23.98B in U.S. stocks across 46 holdings as of June 30. The fund trimmed top positions including Alphabet, Broadcom, Nvidia, and TSMC, and fully exited AppLovin and Zillow. It added new AI-chip bets in Cerebras (~$660M) and AMD (~$392M), increased Intel (~$365M), and initiated Seagate (~$275M) and Visa (~$274M).

Seagate Technology shares rose about 5% to $967.01, extending gains after its fiscal Q4 2026 results on July 29. The company reported annual revenue up 34%, record profitability, and $3.1 billion free cash flow, with Q1 fiscal 2027 guidance above analyst models. Analysts raised price targets (Rosenblatt to $1,400, Baird to $1,080, Wells Fargo to $1,180).

US stock indices closed mixed as memory chip stocks led gains. SanDisk (SNDK) rose nearly 9% and topped US market turnover for the first time, while Seagate, Western Digital, Micron and SK Hynix also advanced. Broadcom (AVGO) fell over 5%. SanDisk cited guidance for fiscal 2028-2030; SK Group’s chairman said a record memory supply shortfall is likely next year.

Sandisk shares rose about 7% to $1,630, with Western Digital up 4% to $505 and Micron up 3% to $978, extending Thursday gains. The article cites analyst price-target resets and a $14 billion buyback authorization at Sandisk, plus new multiyear customer agreements worth $93.9 billion. It links the move to Korea’s Kospi returning to bull-market territory.

Memory and storage shares rose Thursday. SanDisk gained 15% to $1,550, SK Hynix 9% to $168, and Western Digital 7% to $487, with Micron up 6% and Seagate up 5%. The move followed a Seoul-led rally tied to AI infrastructure optimism. SanDisk reported Q4 FY2026 revenue $8.96B; SK Hynix Q2 revenue rose 256.8% on HBM demand. SanDisk and SK Hynix also announced HBF collaboration.

The article says Legrand has bought TES, a Northern Ireland firm supplying electrical systems for AI data centres, citing growth from about 2 to 175 employees. It also notes Vertiv plans 300 jobs in Letterkenny and Seagate has products sold out to 2028. It highlights potential job cuts at Baker McKenzie (up to 1,000 globally, about 50 in Belfast) and Rapid7 (12% globally).

Zoetis (ZTS) shares fell nearly 6% to $72.66 after Q2 results. The company reported weaker vet clinical visits and lower net average selling prices, which could pressure margins. Akamai (AKAM) traded near the lower end of its range after Q2 revenue rose 5.8% to $1.1B and cloud bookings totaled $2.8B. Seagate (STX) dropped to $812.76 after Q2 non-GAAP EPS of $5.71 and revenue up 48.8% to $3.63B.

Shares of Entegris, Penguin Solutions, Seagate, Applied Materials, and KLA rose after upbeat earnings and higher AI-related forecasts, according to the article. Super Micro Computer reported EPS 84% above estimates and a revenue outlook above expectations, while CoreWeave’s sales forecast also beat. The piece cites a 155% YoY jump in South Korea semiconductor exports and notes gains in Nvidia, AMD, and Intel.