Western Digital Corporation $WDC Stock Position Increased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its holdings in Western Digital Corporation (NASDAQ:WDC) by 6.4% during the 3rd quarter, Holdings Channel reports. The fund owned 32,578 shares of the data storage provider’s stock after purchasing an additional 1,968 shares during the period. Generali Asset Management SPA SGR’s holdings in Western Digital were worth $14,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Western Digital during the second quarter worth $28,000. Dunhill Financial LLC acquired a new position in Western Digital during the second quarter valued at $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Western Digital during the second quarter valued at $31,000. Gables Capital Management Inc. purchased a new stake in Western Digital in the second quarter valued at $32,000. Finally, Valley National Advisers Inc. boosted its holdings in Western Digital by 182.6% in the third quarter. Valley National Advisers Inc. now owns 65 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WDC has been the topic of several analyst reports. Weiss Ratings downgraded Western Digital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Wall Street Zen raised Western Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. JPMorgan Chase & Co. upped their target price on Western Digital from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Summit Insights downgraded Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Citigroup dropped their target price on Western Digital from $740.00 to $660.00 and set a “buy” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and a consensus price target of $591.04.

Insider Activity at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the transaction, the chief executive officer owned 575,966 shares of the company’s stock, valued at approximately $256,287,591.02. This represents a 3.36% decrease in their position. The transaction 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, insider Vidyadhara K. Gubbi sold 1,795 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $459.87, for a total value of $825,466.65. Following the transaction, the insider owned 80,571 shares in the company, valued at $37,052,185.77. This represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,436 shares of company stock worth $11,340,064 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Western Digital’s fiscal first-quarter results exceeded expectations, with earnings of $4.64 per share versus the $4.11 consensus and revenue of $4.38 billion versus $4.14 billion expected. Revenue increased 55.5% year over year. Western Digital Corporation 2027 Q1 Results Earnings Call Presentation
• Positive Sentiment: The company recently raised its quarterly dividend by 16.7%, adding to the shareholder-return case after its strong earnings report. Western Digital Raises Dividend Following Strong Earnings
• Positive Sentiment: Analysts and market commentators point to surging hard-disk-drive demand, higher pricing and expanding AI workloads as factors supporting stronger fiscal second-quarter revenue, margins and earnings expectations. Zacks also upgraded WDC to a Rank #2, or “Buy.” WDC Fiscal Q2 Forecast Improves
• Neutral Sentiment: Western Digital’s CEO said AI storage demand could grow about 25% annually, while the company expects expanding margins. However, investors remain focused on whether demand and pricing can remain durable through the storage cycle. Western Digital CEO Discusses AI Storage Demand
• Negative Sentiment: WDC is declining after hours in sympathy with Seagate, whose results apparently raised concerns about storage-sector demand, supply or future cyclicality. The read-through is weighing on Western Digital despite its own positive earnings outlook. Western Digital Stock Slides After Hours
• Negative Sentiment: Argus lowered its price target from $600 to $500, citing valuation or sector risks, although it maintained a “Buy” rating. Other commentary also flags potential oversupply and cyclicality following WDC’s substantial multi-year rally.

Western Digital Stock Performance

WDC stock opened at $380.88 on Wednesday. The firm’s fifty day moving average is $426.85 and its 200 day moving average is $413.96. Western Digital Corporation has a one year low of $121.85 and a one year high of $799.87.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.53. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.14 billion. The firm’s quarterly revenue was up 55.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. As a group, research analysts expect that Western Digital Corporation will post 20.23 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be given a dividend of $0.1750 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.2%.

Western Digital Profile

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.