Vestcor Inc raised its position in Western Digital Corporation (NASDAQ:WDC – Free Report) by 52.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,834 shares of the data storage provider’s stock after buying an additional 3,388 shares during the quarter. Vestcor Inc’s holdings in Western Digital were worth $1,694,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its holdings in shares of Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 407 shares in the last quarter. Avion Wealth raised its holdings in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. BOKF NA lifted its position in Western Digital by 6,700.0% in the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 268 shares during the period. JPL Wealth Management LLC acquired a new stake in Western Digital in the third quarter valued at about $33,000. Finally, Ameriflex Group Inc. boosted its holdings in Western Digital by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 312 shares of the data storage provider’s stock valued at $37,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.
Key Stories Impacting Western Digital
Here are the key news stories impacting Western Digital this week:
- Positive Sentiment: Western Digital is benefiting from strong investor enthusiasm around AI-driven storage demand, with recent articles highlighting new AI-focused storage technologies, improved analyst valuation estimates, and expectations for firmer HDD and memory pricing. Why Western Digital (WDC) Is Up 12.0% After Unveiling New AI‑Focused Storage Technologies
- Positive Sentiment: Citigroup reportedly raised its price target on Western Digital by 37%, helping push the stock to fresh highs as investors positioned ahead of the company’s Computex-related AI announcements. Western Digital (WDC) Hits All-Time High as Citi Hikes PT by 37%
- Positive Sentiment: The company has also been cleaning up its balance sheet and making more AI-related moves, which some investors view as supporting additional upside. Western Digital Could Be Halfway Through Retiring 2028 Convertible Debt. What It Means for the Stock.
- Neutral Sentiment: Western Digital’s recent earnings were strong, with the company beating estimates and issuing upbeat guidance, but the stock still saw a short-term dip as some traders appeared to take profits after a big run. Western Digital (WDC) Stock Dips 3% Despite Strong Earnings—Should Investors Buy the Pullback?
- Neutral Sentiment: Recent coverage also notes that the broader market and semiconductor stocks have been choppy, with Broadcom’s cautious AI outlook pressuring memory names like Western Digital even after the company’s strong news flow. MU, SNDK, WDC: Memory Stocks Dip As Broadcom’s Forecast Dampens AI Sentiment, Retail Turns Buyer
- Negative Sentiment: One near-term headwind is profit-taking after Western Digital’s rapid run-up to all-time highs, which has led to some price weakness despite the longer-term bullish narrative. Western Digital (WDC) Stock Dips While Market Gains: Key Facts
Insider Buying and Selling at Western Digital
Wall Street Analysts Forecast Growth
Several research firms have issued reports on WDC. Bank of America boosted their target price on Western Digital to $495.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Morgan Stanley restated an “overweight” rating and issued a $488.00 price target on shares of Western Digital in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $400.00 price objective on shares of Western Digital in a research report on Friday, May 1st. Cantor Fitzgerald raised their target price on Western Digital to $660.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Evercore restated an “outperform” rating and set a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $424.33.
Get Our Latest Stock Analysis on WDC
Western Digital Price Performance
Shares of WDC stock opened at $511.72 on Monday. The stock has a market cap of $176.38 billion, a P/E ratio of 30.55 and a beta of 2.13. Western Digital Corporation has a fifty-two week low of $54.60 and a fifty-two week high of $602.54. The business has a fifty day simple moving average of $422.06 and a 200-day simple moving average of $295.71.
Western Digital (NASDAQ:WDC – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company earned $1.36 EPS. The firm’s revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, sell-side analysts anticipate that Western Digital Corporation will post 9.57 earnings per share for the current year.
Western Digital Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be given a $0.15 dividend. This is a boost from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, June 5th. Western Digital’s dividend payout ratio (DPR) is currently 3.58%.
Western Digital Company Profile
Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.
Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.
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