Gunderson Capital Management Inc. Purchases Shares of 44,801 Western Digital Corporation $WDC

Gunderson Capital Management Inc. purchased a new stake in Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 44,801 shares of the data storage provider’s stock, valued at approximately $7,718,000. Western Digital makes up approximately 3.5% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds have also modified their holdings of WDC. ORG Partners LLC raised its position in Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Rakuten Securities Inc. boosted its position in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 204 shares during the last quarter. Grove Bank & Trust bought a new position in shares of Western Digital during the 3rd quarter worth approximately $30,000. Finally, Westfuller Advisors LLC bought a new position in shares of Western Digital during the 3rd quarter worth approximately $30,000. 92.51% of the stock is currently owned by institutional investors.

Insider Activity at Western Digital

In other news, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $260.43, for a total value of $9,616,638.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the sale, the insider owned 107,794 shares of the company’s stock, valued at approximately $29,137,796.14. This represents a 8.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 92,795 shares of company stock valued at $24,265,884 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WDC. Mizuho boosted their price objective on shares of Western Digital to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Robert W. Baird set a $310.00 target price on shares of Western Digital in a research report on Monday, February 2nd. Wedbush reiterated an “outperform” rating and issued a $325.00 price target on shares of Western Digital in a research note on Monday, February 9th. Wall Street Zen cut shares of Western Digital from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Wells Fargo & Company increased their price objective on shares of Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.75.

Western Digital News Summary

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

• Positive Sentiment: Sanford C. Bernstein upgraded WDC to Outperform and doubled its price target (to ~$340), calling the recent sector selloff an overreaction and framing WDC as an attractive entry after the pullback. This upgrade and higher target are driving buy-side interest and price-target-driven flows. Bernstein Upgrade
• Positive Sentiment: Bernstein and other bullish notes argue the recent algorithmic dumping in storage presents a buying opportunity; that narrative is attracting dip-buyers into WDC and peers. Blockonomi
• Positive Sentiment: Operational/market proof points: a vendor (JetStor) announced an 80PB archive deployment using WD Ultrastar drives — a tangible data-center win that supports demand for high-capacity HDDs. JetStor Win
• Neutral Sentiment: Technical/product roadmap: coverage notes highlight WDC’s investment in next-gen HAMR and ePMR drives as a potential longer-term edge for capacity, margins and data-center share — a structural positive but not an immediate price mover. Zacks HAMR/ePMR
• Neutral Sentiment: Longer-term context pieces (10‑year return comparisons) and “buy the dip” commentary are circulating; useful for framing investor sentiment but not new fundamental news. 24/7 Wall St.
• Negative Sentiment: Google’s announcement of TurboQuant and related compression research has renewed concerns that algorithmic advances could reduce near-term demand for raw memory/storage capacity, triggering algorithmic/quant-driven selling across the group. That narrative pressured peers and contributed to recent volatility. TheStreet on TurboQuant
• Negative Sentiment: Sector chill: broader “memory trade” coverage notes and data show the high-momentum memory/storage rally has cooled, which can trigger profit-taking in WDC after a strong run. Investopedia
• Negative Sentiment: Insider selling and large recent institutional rebalancing (documented in market data) are being cited by some commentary as a headwind that could limit near-term upside if selling persists. QuiverQuant analysis

Western Digital Price Performance

Shares of NASDAQ WDC opened at $270.49 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $274.30 and its two-hundred day moving average price is $196.78. The company has a market cap of $91.71 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $319.62.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. On average, analysts predict that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital’s payout ratio is 5.02%.

About Western Digital

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.