Zurcher Kantonalbank Zurich Cantonalbank Sells 2,079 Shares of Western Digital Corporation $WDC

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Western Digital Corporation (NASDAQ:WDC) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,997 shares of the data storage provider’s stock after selling 2,079 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Western Digital were worth $15,504,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC lifted its holdings in shares of Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 204 shares during the last quarter. Westfuller Advisors LLC bought a new stake in Western Digital during the 3rd quarter valued at about $30,000. Finally, Avion Wealth lifted its holdings in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In other news, insider Cynthia L. Tregillis sold 363 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $377.09, for a total value of $136,883.67. Following the completion of the sale, the insider owned 120,023 shares in the company, valued at approximately $45,259,473.07. The trade was a 0.30% 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, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 623,586 shares of the company’s stock, valued at approximately $159,288,807.84. This represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 92,711 shares of company stock worth $24,300,404. 0.18% of the stock is owned by company insiders.

Western Digital Trading Up 1.4%

NASDAQ:WDC opened at $389.10 on Thursday. Western Digital Corporation has a one year low of $37.47 and a one year high of $402.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The firm has a market cap of $131.92 billion, a P/E ratio of 39.03, a P/E/G ratio of 0.81 and a beta of 1.77. The firm has a 50-day simple moving average of $299.66 and a 200-day simple moving average of $221.92.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the business posted $1.77 EPS. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. Equities analysts anticipate that Western Digital Corporation will post 8.47 EPS for the current fiscal year.

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were issued a $0.125 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.1%. Western Digital’s payout ratio is currently 5.02%.

Wall Street Analyst Weigh In

WDC has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price objective on shares of Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Cantor Fitzgerald lifted their price objective on shares of Western Digital to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Sanford C. Bernstein upgraded shares of 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. Citigroup lifted their price objective on shares of Western Digital to $405.00 and gave the company a “buy” rating in a report on Monday, April 13th. Finally, Wall Street Zen lowered shares of Western Digital from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $310.79.

Trending Headlines about Western Digital

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

• Positive Sentiment: Barclays raised its coverage and boosted WDC’s price target to $405 with an Overweight rating, reinforcing institutional buy-side momentum and supporting the rally. Barclays raises price target to $405
• Positive Sentiment: JPMorgan (and Morgan Stanley commentary) flagged WDC as a top memory/storage idea and JPMorgan raised its price target to $400, adding credibility to the upside case and likely driving buy-side flows. JPMorgan and Morgan Stanley Bullish on Western Digital (WDC)
• Positive Sentiment: Analyst coverage has broadly shifted positive — Evercore and other shops have published bullish notes and the street consensus sits around a “moderate buy,” helping sustain momentum into new highs. Analyst consensus and Evercore note
• Positive Sentiment: Sector bullishness from continued AI-driven memory demand (Micron coverage and broader commentary) is lifting peers like WDC as investors price in stronger near‑term storage demand and higher margins. Stock Market Today, April 22: Micron Technology Surges on Continued Memory Boom
• Neutral Sentiment: Western Digital published its FY2025 Annual Sustainability Report emphasizing efficiency and sustainability for AI-scale storage — a message that can help institutional ESG positioning but has limited immediate revenue impact. WD Raises the Bar on Sustainable Infrastructure
• Neutral Sentiment: Management will be participating in several investor conferences (Barclays, J.P. Morgan, Bank of America) in May–June, which provides additional chances for guidance clarity and analyst engagement — important but informational. WD to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Memory-focused ETF flows (first dedicated memory ETF reaching ~$1B AUM) show strong demand for the group, which benefits WDC as a large-cap exposure to the theme but may amplify volatility. Memory ETF hits $1B AUM
• Negative Sentiment: Zacks and other commentators note WDC’s rapid run (to a 52-week high) leaves valuation stretched and raises the risk of a pullback if AI demand growth or margin assumptions disappoint. That makes timing entry points and position sizing more important. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52-Week High?
• Negative Sentiment: Comparative analysis (SanDisk vs Western Digital) highlights NAND-focused peers with different end-market exposure; investors worried about longer-term NAND vs HDD secular trends may prefer competitors, which could cap WDC’s multiple over time. SanDisk vs. Western Digital: Which Memory Storage Stock Is the Better Buy?

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.