Redwood Investment Management LLC Takes Position in Western Digital Corporation $WDC

Redwood Investment Management LLC purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,989 shares of the data storage provider’s stock, valued at approximately $1,079,000.

Several other institutional investors and hedge funds have also modified their holdings of WDC. China Universal Asset Management Co. Ltd. acquired a new position in Western Digital during the 4th quarter worth approximately $2,270,000. Nomura Asset Management Co. Ltd. lifted its stake in Western Digital by 33.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock valued at $193,303,000 after purchasing an additional 282,156 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in Western Digital in the fourth quarter valued at approximately $20,889,000. World Investment Advisors boosted its position in Western Digital by 145.8% in the fourth quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock valued at $1,025,000 after buying an additional 3,529 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Western Digital by 62.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 342,516 shares of the data storage provider’s stock worth $59,040,000 after buying an additional 131,247 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Trending Headlines about Western Digital

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

• Positive Sentiment: A significant “Power Inflow” alert, indicating strong institutional and retail buying pressure, helped trigger a sharp intraday rebound in Western Digital shares. Traders viewed the order-flow signal as bullish. Western Digital Shares Rise 4% After Key Trading Signal
• Positive Sentiment: Western Digital was included among AI-infrastructure stocks that could benefit from more than $750 billion in planned 2026 Big Tech spending. Rising demand for data-center storage and memory supports the company’s growth outlook. Buy 5 AI Infrastructure Stocks as Big Tech’s AI Spending Continues
• Positive Sentiment: The broader memory and storage sector rebounded strongly after a sharp selloff, lifting Western Digital alongside SanDisk, Micron, Seagate and SK Hynix. Analysts cited improving industry fundamentals, strong AI demand and limited near-term risk of semiconductor oversupply as reasons for optimism. Memory Stocks Blast Off
• Neutral Sentiment: Brokerages currently assign Western Digital an average “Moderate Buy” recommendation, while investor attention has increased. The heightened interest may support trading momentum but also reflects the stock’s high volatility. Western Digital Given Average Recommendation of Moderate Buy
• Negative Sentiment: Recent insider selling contributed to a prior decline and remains a sentiment overhang, particularly after Western Digital’s substantial rally. Western Digital Trading Down Following Insider Selling
• Negative Sentiment: Valuation is a key risk. Western Digital has been one of the strongest performers in the AI memory and storage trade, but its elevated valuation leaves less room for disappointment when the company reports earnings. Western Digital’s Earnings Will Test Whether Its AI Rally Has More Room

Insider Activity at Western Digital

In related news, insider Cynthia L. Tregillis sold 808 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $529.63, for a total value of $427,941.04. Following the completion of the sale, the insider directly owned 114,539 shares in the company, valued at $60,663,290.57. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the transaction, the director directly owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,093 shares of company stock worth $2,751,337 over the last three months. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WDC. Jefferies Financial Group set a $575.00 price target on shares of Western Digital in a report on Tuesday, May 26th. Robert W. Baird raised their price objective on Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, May 4th. The Goldman Sachs Group restated a “neutral” rating and set a $400.00 price objective on shares of Western Digital in a research report on Friday, May 1st. Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Rosenblatt Securities increased their target price on Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $520.32.

Western Digital Stock Performance

Shares of NASDAQ WDC opened at $544.84 on Monday. Western Digital Corporation has a 52-week low of $73.14 and a 52-week high of $799.87. The firm has a 50 day moving average price of $568.03 and a two-hundred day moving average price of $408.97. The stock has a market cap of $187.80 billion, a P/E ratio of 32.53 and a beta of 2.11.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (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 the consensus estimate of $3.25 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was up 45.5% on a year-over-year basis. Analysts predict that Western Digital Corporation will post 9.61 earnings per share for the current fiscal year.

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.