Seagate (STX) Surpasses Philadelphia Semiconductor Index, Emerging as Top Performer

Seagate Technology Holdings plc (NASDAQ:STX) ranks among the best performing S&P 500 stocks in the last 3 months. On August 25, Cantor Fitzgerald restated its Overweight rating on Seagate Technology Holdings plc (NASDAQ:STX) with a $175 price target. The firm stated that Seagate emerged as one of the top performers in its coverage universe, surpassing the Philadelphia Semiconductor Index (SOX).

With client purchase orders and long-term contracts that last into the second half of 2026, Cantor Fitzgerald anticipates Seagate Technology Holdings plc (NASDAQ:STX) to validate a robust supply and demand environment.

Along with reinforcing confidence in Seagate’s technology roadmap, the firm also expects price trends to continue supporting the company’s improvement in gross margin.

Potential tariff effects remain a prominent topic for investors, though Cantor Fitzgerald stated that Seagate Technology Holdings plc (NASDAQ:STX) is seeking clarification from the Trump Administration on Section 232, with further information likely in the coming days.

Originally founded as Shugart Technology in 1978, Seagate Technology Holdings plc (NASDAQ:STX) is an American data storage company that formally started operations in 1979. The company offers a full portfolio of storage devices, systems, and services from edge to cloud.

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Disclosure: None. This article is originally published at Insider Monkey.