Western Digital Corporation $WDC Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Posted by George Bondi on Nov 1st, 2026

Mirae Asset Global Investments Co. Ltd. purchased a new position in Western Digital Corporation (NASDAQ:WDC – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund purchased 306,332 shares of the data storage provider’s stock, valued at approximately $139,216,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WDC. Legal & General Group Plc purchased a new stake in Western Digital during the 2nd quarter valued at about $1,602,927,000. Anther Capital Ltd purchased a new position in Western Digital in the 2nd quarter worth approximately $901,601,000. Deutsche Bank AG purchased a new position in Western Digital in the 2nd quarter worth approximately $885,565,000. Value Aligned Research Advisors LLC acquired a new position in shares of Western Digital during the 1st quarter worth approximately $350,403,000. Finally, Trivest Advisors Ltd acquired a new position in shares of Western Digital during the 2nd quarter worth approximately $627,606,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the completion of the sale, the chief executive officer directly owned 575,966 shares of the company’s stock, valued at approximately $256,287,591.02. This trade represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara Gubbi sold 1,795 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $459.87, for a total transaction of $825,466.65. Following the completion of the sale, the insider owned 80,571 shares in the company, valued at approximately $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 25,436 shares of company stock valued at $11,340,064. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WDC. BNP Paribas Exane upped their price target on Western Digital from $660.00 to $700.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. UBS Group reiterated a “buy” rating and set a $625.00 price objective on shares of Western Digital in a research report on Friday, October 23rd. Zacks Research downgraded Western Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Robert W. Baird set a $900.00 price objective on Western Digital in a research note on Friday, October 23rd. Finally, Citigroup dropped their target price on Western Digital from $740.00 to $660.00 and set a “buy” rating for the company in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $591.04.

Read Our Latest Stock Analysis on WDC

Western Digital News Summary

Here are the key news stories impacting Western Digital this week:

Positive Sentiment: Western Digital reported fiscal first-quarter 2027 revenue of $4.38 billion, non-GAAP EPS of $4.64 and free cash flow of $1.38 billion, exceeding expectations. Management also forecast approximately $5.1 billion in fiscal second-quarter revenue and $5.80 in non-GAAP EPS, signaling continued strength in AI-related data-center storage demand. Western Digital slides as strong results fail to calm spending and sector worries
Positive Sentiment: Analyst targets remain well above the current trading level, with Quiver Quantitative citing a six-month median target of $650. Several analysts view Western Digital as a major beneficiary of AI infrastructure expansion and rising demand for high-capacity nearline hard drives. Western Digital selloff and analyst targets
Neutral Sentiment: Western Digital and Seagate are both benefiting from AI data-center spending. However, comparisons favor Seagate on some metrics, including return on equity, valuation and free-cash-flow generation, potentially affecting investor preference within the storage group. Seagate versus Western Digital
Negative Sentiment: Investors are questioning whether AI infrastructure spending and lofty storage-sector valuations can remain sustainable. A sharp decline in Sandisk and weakness across memory and semiconductor stocks amplified pressure on WDC, even after Sandisk delivered strong results and raised guidance. Memory-sector selloff
Negative Sentiment: Quarterly capital spending of $227 million, continued buybacks and capacity and technology-transition needs have raised concerns about cash demands and future returns. Profit-taking after WDC’s substantial earlier advance may also be contributing to the decline. Quiver also reports 110 insider sales and no insider purchases over the past six months, an additional sentiment headwind. Western Digital spending and insider activity

Western Digital Price Performance

Western Digital stock opened at $366.11 on Friday. The firm has a 50 day simple moving average of $421.46 and a 200-day simple moving average of $416.75. Western Digital Corporation has a 1-year low of $132.43 and a 1-year high of $799.87. The stock has a market cap of $137.04 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.29 and a beta of 2.11.

Western Digital (NASDAQ:WDC – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.53. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.14 billion. Western Digital had a return on equity of 55.62% and a net margin of 69.20%. The firm’s revenue for the quarter was up 55.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. Equities analysts expect that Western Digital Corporation will post 23.62 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.1750 per share. The ex-dividend date is Friday, December 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Western Digital’s previous quarterly dividend of $0.15. Western Digital’s dividend payout ratio (DPR) is currently 2.33%.

Western Digital Profile

(Free Report)

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.