Arbejdsmarkedets Tillaegspension Purchases New Shares in Western Digital Corporation $WDC

Arbejdsmarkedets Tillaegspension purchased a new stake in Western Digital Corporation (NASDAQ:WDC) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 137,189 shares of the data storage provider’s stock, valued at approximately $23,634,000.

Several other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. raised its holdings in Western Digital by 4,070.0% in the 2nd 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. Cullen Frost Bankers Inc. raised its holdings in Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 204 shares in the last quarter. Westfuller Advisors LLC acquired a new position in Western Digital in the 3rd quarter valued at $30,000. Avion Wealth raised its holdings in Western Digital by 163.8% in the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in Western Digital by 207.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after acquiring an additional 178 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

More Western Digital News

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

• Positive Sentiment: Western Digital was named to the 2026 S&P Dow Jones Best-in-Class Index North America for the first time, highlighting its ESG performance and leadership in sustainable AI infrastructure. WD Named to 2026 S&P Dow Jones Best‑in‑Class Index North America, Recognizing Leadership in Sustainable AI Infrastructure
• Positive Sentiment: Multiple reports point to WDC riding an AI storage boom, with strong earnings, rising hyperscaler demand, and aggressive shareholder returns after the SanDisk split. WDC’s Whopping 893% Run in a Year: Buy the Stock Amid AI Storage Boom?
• Positive Sentiment: Memory chip stocks, including Western Digital, have been rising on momentum tied to AI demand and the view that storage is a critical constraint in data-center buildouts. SNDK, MU: Why Are AI Memory Chip Stocks Rising Today, 05/13/26?
• Neutral Sentiment: Broader market commentary also noted Western Digital among the recent high-momentum stocks, reflecting strong investor interest rather than a company-specific new catalyst. 2 Momentum Stocks to Consider Right Now and 1 That Underwhelm
• Negative Sentiment: One sector-risk report flagged WDC’s broader industry as vulnerable ahead of a policy change, which could temper some of the recent enthusiasm if macro conditions weaken. 3 Sectors That Look Most Vulnerable Ahead of May 15 (WDC)

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This represents a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $411.84, for a total value of $8,236,800.00. Following the completion of the sale, the chief executive officer owned 598,150 shares in the company, valued at $246,342,096. This trade represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 53,679 shares of company stock valued at $18,049,314 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WDC. Sanford C. Bernstein raised Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective for the company in a report on Tuesday, March 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $400.00 price objective on shares of Western Digital in a report on Friday, May 1st. Wells Fargo & Company boosted their price target on Western Digital from $335.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Mizuho set a $470.00 price target on Western Digital in a report on Friday, May 1st. Finally, Rosenblatt Securities boosted 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. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.83.

Western Digital Stock Down 1.0%

Shares of WDC opened at $489.15 on Friday. Western Digital Corporation has a 12-month low of $48.81 and a 12-month high of $525.15. The business has a 50-day simple moving average of $347.73 and a two-hundred day simple moving average of $255.19. The stock has a market cap of $168.60 billion, a PE ratio of 29.20 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities research 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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 5th. This is a boost from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s payout ratio is currently 2.99%.

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.