Nordea Investment Management AB Has $17.06 Million Stock Holdings in Western Digital Corporation $WDC

Nordea Investment Management AB boosted its stake in Western Digital Corporation (NASDAQ:WDC) by 42.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 98,062 shares of the data storage provider’s stock after acquiring an additional 29,060 shares during the quarter. Nordea Investment Management AB’s holdings in Western Digital were worth $17,063,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cooper Financial Group bought a new stake in shares of Western Digital during the fourth quarter worth $282,000. Sovereign Financial Group Inc. lifted its stake in shares of Western Digital by 13.2% in the 4th quarter. Sovereign Financial Group Inc. now owns 2,167 shares of the data storage provider’s stock valued at $373,000 after acquiring an additional 252 shares during the last quarter. Impact Capital Partners LLC acquired a new stake in shares of Western Digital during the 4th quarter valued at $267,000. Everpar Advisors LLC acquired a new stake in shares of Western Digital during the 4th quarter valued at $275,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Western Digital by 6.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,334 shares of the data storage provider’s stock worth $402,000 after acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Stock Up 2.1%

Shares of WDC opened at $301.05 on Wednesday. The stock’s 50-day moving average price is $269.02 and its two-hundred day moving average price is $190.51. Western Digital Corporation has a 12 month low of $28.83 and a 12 month high of $319.62. The company has a market capitalization of $102.07 billion, a PE ratio of 30.20, a PEG ratio of 0.68 and a beta of 1.76. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34.

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

Western Digital Announces Dividend

The company also recently announced 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 dividend payout ratio is currently 5.02%.

Wall Street Analysts Forecast Growth

WDC has been the subject of a number of recent research reports. Argus set a $300.00 target price on Western Digital in a report on Tuesday, February 3rd. Truist Financial set a $310.00 price target on Western Digital in a report on Tuesday, February 3rd. UBS Group set a $306.00 price objective on Western Digital in a research note on Friday, January 30th. China Renaissance assumed coverage on shares of Western Digital in a report on Friday, December 5th. They issued a “buy” rating and a $193.00 price objective for the company. Finally, Robert W. Baird set a $310.00 target price on shares of Western Digital in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and a consensus price target of $265.58.

More Western Digital News

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

• Positive Sentiment: Fundamentals: WDC’s January quarter beat estimates (EPS and revenue) and showed strong revenue growth and margins, giving investors a fundamental reason to bid the stock higher.
• Positive Sentiment: AI/storage tailwind: Analysts and market writeups highlight memory & storage stocks benefiting from the AI build‑out, a structural demand driver that supports further upside for WDC. Why Memory Stocks Are Winning the AI Boom While Big Tech Struggles
• Positive Sentiment: Analyst / media bullishness: Recent pieces laying out reasons WDC could keep climbing add to positive sentiment and attract momentum buyers. 2 Reasons Why Western Digital Stock Could Keep Climbing In 2026
• Positive Sentiment: Market reaction coverage: Market headlines pointing out WDC’s intraday gain help reinforce buying interest. Western Digital (WDC) Increases Despite Market Slip: Here’s What You Need to Know
• Neutral Sentiment: Short‑interest reporting appears unreliable: several feeds flagged a “large increase” in short interest but the numeric entries show zeros/NaN — this looks like a data glitch and shouldn’t be read as a true short‑squeeze signal.
• Neutral Sentiment: Volume and retail signals: Today’s advance occurred on below‑average volume, and isolated retail discounts (e.g., a WD Elements promo) are unlikely to materially change demand trends. Western Digital WD Elements Desktop External Hard Drive drops to $548.25
• Negative Sentiment: Valuation & positioning risk: WDC is trading near its highs and at an elevated P/E versus historical levels — that raises pullback risk if AI demand growth or margin assumptions disappoint.

Insider Activity

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the completion of the transaction, the chief executive officer owned 623,586 shares in the company, valued at approximately $159,288,807.84. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew E. Massengill sold 36,926 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,795 shares of company stock worth $24,265,884 in the last 90 days. 0.18% of the stock is owned by company insiders.

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.