1,158 Shares in Western Digital Corporation $WDC Bought by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. acquired a new position in Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,158 shares of the data storage provider’s stock, valued at approximately $199,000.

Several other institutional investors also recently modified their holdings of WDC. Rakuten Securities Inc. grew its stake 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 worth $27,000 after purchasing an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 204 shares during the last quarter. Westfuller Advisors LLC bought a new stake in shares of Western Digital in the third quarter worth $30,000. Avion Wealth grew its stake in shares of Western Digital by 163.8% in 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 during the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of Western Digital by 207.0% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock worth $32,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Price Performance

WDC opened at $494.09 on Thursday. Western Digital Corporation has a fifty-two week low of $48.58 and a fifty-two week high of $525.15. The firm has a market capitalization of $170.30 billion, a PE ratio of 29.50 and a beta of 2.10. The company’s 50-day moving average is $342.96 and its 200 day moving average is $252.65.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the business posted $1.36 EPS. The company’s revenue for the quarter was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, analysts expect that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s payout ratio is 2.99%.

Analyst Ratings Changes

WDC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Western Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Rosenblatt Securities increased their price target on Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Argus set a $300.00 price target on Western Digital in a report on Tuesday, February 3rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $400.00 price target on shares of Western Digital in a report on Friday, May 1st. Finally, Barclays increased their price target on Western Digital from $405.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $395.83.

More Western Digital News

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

• Positive Sentiment: Memory-chip stocks, including Western Digital, Micron, SanDisk, and Seagate, are rising in premarket trading as investors continue to bet that AI infrastructure will keep driving strong demand for storage and memory components. Article Title
• Positive Sentiment: A new memory-focused ETF has surged, reinforcing the market’s belief that memory chips are a key bottleneck in AI buildout and supporting sentiment for Western Digital as an AI-storage beneficiary. Article Title
• Neutral Sentiment: Several outlets highlighted Western Digital as a strong AI/storage name and a possible undervalued stock, which can help support investor confidence but does not add new fundamental information. Article Title
• Neutral Sentiment: MarketBeat flagged WDC within a broader market caution note, but the piece is more about macro risk and sector rotation than a company-specific issue. Article Title
• Negative Sentiment: Western Digital was called out in a “memory supercycle” pullback as traders locked in gains across the memory and storage group, suggesting recent weakness may reflect profit-taking after a huge rally rather than a new business problem. Article Title
• Negative Sentiment: Another report said the entire memory and storage complex sold off together, with Western Digital dropping alongside Micron and SanDisk, which points to sector-wide rotation pressure on WDC. Article Title

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the transaction, the insider owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This trade represents a 7.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at approximately $246,342,096. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,679 shares of company stock valued at $18,049,314 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Western Digital 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.