Oslo Pensjonsforsikring AS Makes New Investment in Western Digital Corporation $WDC

Oslo Pensjonsforsikring AS acquired a new position in Western Digital Corporation (NASDAQ:WDC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,480 shares of the data storage provider’s stock, valued at approximately $400,000.

A number of other large investors have also recently made changes to their positions in the stock. Rakuten Securities Inc. grew its stake in shares of Western Digital by 4,070.0% during 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 during the period. Avion Wealth raised its stake in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 113 shares during the period. Valley Wealth Managers Inc. purchased a new position in Western Digital during the first quarter valued at approximately $32,000. Swiss RE Ltd. purchased a new position in Western Digital during the fourth quarter valued at approximately $32,000. Finally, BOKF NA boosted its position in shares of Western Digital by 6,700.0% in the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 268 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WDC shares. Zacks Research raised shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Melius Research set a $1,050.00 target price on shares of Western Digital and gave the company a “buy” rating in a research note on Monday, June 29th. Rosenblatt Securities upped their target price on shares of Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Susquehanna increased their price target on Western Digital from $360.00 to $500.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Cantor Fitzgerald raised their price target on Western Digital from $660.00 to $900.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $520.32.

Insider Activity at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the sale, the chief executive officer directly owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the completion of the sale, the director owned 3,903 shares in the company, valued at $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,959 shares of company stock worth $12,631,666 over the last 90 days. Company insiders own 0.18% of the company’s stock.

More Western Digital News

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

• Positive Sentiment: Analysts and market commentators are highlighting Western Digital as a top AI/storage beneficiary with short-term upside potential after recent volatility. Buy 3 Top-Ranked AI Giants on the Dip Amid Short-Term Price Upside
• Positive Sentiment: Western Digital and Kioxia have reportedly restarted merger talks focused on combining flash memory assets, which could create a larger NAND player and improve strategic positioning. Western Digital (WDC) Revives Kioxia Merger Talks Over Flash Memory Assets
• Neutral Sentiment: Western Digital was also included in broader coverage of the AI trade returning to favor, with chip stocks and memory names rebounding together ahead of major tech earnings. The Stock Market’s AI Trade Is Back With a Bang
• Neutral Sentiment: Gene Munster’s comments about a potential 2027 AI-driven hardware upgrade cycle add to the bullish long-term narrative for memory demand, though this is more of a thematic tailwind than an immediate catalyst. AAPL, HPQ, SNDK, WDC: Gene Munster Says ‘Memory Hog’ AI Will Trigger a Massive 2027 Upgrade Cycle

Western Digital Price Performance

Western Digital stock opened at $556.67 on Thursday. Western Digital Corporation has a 1 year low of $66.51 and a 1 year high of $799.87. The firm’s 50 day moving average price is $562.77 and its 200-day moving average price is $393.59. The stock has a market cap of $191.87 billion, a P/E ratio of 33.23 and a beta of 2.11.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. Western Digital’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities analysts expect that Western Digital Corporation will post 9.61 EPS for the current year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a dividend of $0.15 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s payout ratio is currently 3.58%.

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.