China Universal Asset Management Co. Ltd. Buys Shares of 13,175 Western Digital Corporation $WDC

China Universal Asset Management Co. Ltd. bought a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,175 shares of the data storage provider’s stock, valued at approximately $2,270,000.

A number of other large investors also recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its position in Western Digital by 51.6% during the 4th quarter. Rakuten Securities Inc. now owns 4,154 shares of the data storage provider’s stock valued at $716,000 after purchasing an additional 1,413 shares during the period. Diversified Enterprises LLC lifted its position in Western Digital by 30.1% during the 4th quarter. Diversified Enterprises LLC now owns 2,676 shares of the data storage provider’s stock valued at $461,000 after purchasing an additional 619 shares during the period. WPG Advisers LLC lifted its position in Western Digital by 12.8% during the 4th quarter. WPG Advisers LLC now owns 2,283 shares of the data storage provider’s stock valued at $393,000 after purchasing an additional 259 shares during the period. Chicago Partners Investment Group LLC lifted its position in Western Digital by 21.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,698 shares of the data storage provider’s stock valued at $1,326,000 after purchasing an additional 1,359 shares during the period. Finally, Turtle Creek Wealth Advisors LLC lifted its position in Western Digital by 12.0% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 2,155 shares of the data storage provider’s stock valued at $371,000 after purchasing an additional 231 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital News Summary

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

• Positive Sentiment: Wall Street price‑target raises and analyst upgrades (Barclays, JPMorgan, BofA and others) have driven buy interest and momentum into the earnings print. Read More.
• Positive Sentiment: Broader AI storage optimism — demand from cloud/AI customers and WDC’s high‑capacity HDD roadmap (40TB‑class drives in qualification) support expectations for stronger revenue and margin recovery. Read More.
• Positive Sentiment: Recent earnings history and near‑term expectations point to another beat — analysts and trade commentary highlight WDC’s ability to beat consensus, boosting investor positioning. Read More.
• Positive Sentiment: Peer/sector strength (Micron and memory group) and dedicated memory ETF flows are pulling large‑cap storage names like WDC higher as investors chase exposure to AI‑fuelled demand. Read More.
• Neutral Sentiment: Western Digital published its FY2025 sustainability report emphasizing energy efficiency and recycled‑content initiatives — helpful for ESG investor positioning but limited immediate revenue impact. Read More.
• Neutral Sentiment: Management will appear at multiple investor conferences (Barclays, J.P. Morgan, Bank of America) in May–June, which could provide clearer guidance and sustain analyst coverage. Read More.
• Positive Sentiment: SanDisk/diversified end‑market exposure (NAND + HDD + enterprise systems) is being highlighted as a revenue‑resilience factor versus pure NAND peers. Read More.
• Negative Sentiment: Rapid share gains have pushed valuation metrics higher; commentators warn a stretched multiple increases pullback risk if AI demand or margin assumptions disappoint. Read More.
• Negative Sentiment: Notable insider selling activity (disclosed Rule 10b5‑1 sales such as Cynthia Tregillis) is being flagged by trackers — routine for many executives but worth monitoring for signal/size. Read More.

Western Digital Stock Up 3.6%

NASDAQ:WDC opened at $403.12 on Friday. Western Digital Corporation has a 12-month low of $38.19 and a 12-month high of $416.37. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $136.67 billion, a P/E ratio of 40.43, a P/E/G ratio of 0.82 and a beta of 1.77. The stock’s fifty day simple moving average is $302.04 and its 200-day simple moving average is $223.18.

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

Western Digital Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Mizuho raised their price target on Western Digital to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Barclays raised their price target on Western Digital from $325.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America raised their price target on Western Digital from $375.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, TD Cowen raised their price target on Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and an average target price of $310.79.

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the transaction, the insider directly owned 121,682 shares in the company, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of Western Digital stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total value of $2,743,105.88. Following the transaction, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. This represents a 8.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 92,711 shares of company stock valued at $24,300,404. Insiders own 0.18% of the company’s stock.

Western Digital Company 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.