Tredje AP fonden Buys 205,819 Shares of Western Digital Corporation $WDC

Tredje AP fonden lifted its stake in Western Digital Corporation (NASDAQ:WDC) by 554.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 242,929 shares of the data storage provider’s stock after purchasing an additional 205,819 shares during the quarter. Tredje AP fonden’s holdings in Western Digital were worth $41,849,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WDC. Quadcap Wealth Management LLC lifted its position in Western Digital by 2.1% in the fourth quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock worth $346,000 after buying an additional 41 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its position in Western Digital by 2.6% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock valued at $341,000 after acquiring an additional 51 shares during the last quarter. Bogart Wealth LLC increased its position in Western Digital by 19.4% during the fourth quarter. Bogart Wealth LLC now owns 369 shares of the data storage provider’s stock valued at $64,000 after acquiring an additional 60 shares during the last quarter. 44 Wealth Management LLC raised its stake in shares of Western Digital by 0.8% in the third quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock valued at $1,120,000 after acquiring an additional 78 shares during the period. Finally, Addison Advisors LLC raised its stake in shares of Western Digital by 7.1% in the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock valued at $154,000 after acquiring an additional 85 shares during the period. Institutional investors own 92.51% of the company’s stock.

Western Digital Price Performance

WDC stock opened at $458.68 on Tuesday. Western Digital Corporation has a 12 month low of $49.00 and a 12 month high of $525.15. The firm’s 50-day moving average is $356.14 and its 200 day moving average is $260.04. The company has a market capitalization of $158.10 billion, a PE ratio of 27.38 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data 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. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm’s quarterly revenue was up 45.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Sell-side analysts forecast that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s payout ratio is currently 2.99%.

Insider Buying and Selling

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the sale, the insider directly owned 121,682 shares in the company, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at $246,342,096. The trade was a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,679 shares of company stock valued at $18,049,314 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Trending Headlines about Western Digital

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

• Positive Sentiment: Western Digital unveiled post-quantum cryptography-enabled Ultrastar UltraSMR hard drives, highlighting its push into next-generation, AI-era infrastructure security and potentially expanding enterprise demand. WD Advances Next-Generation Trusted Infrastructure with Industry’s First Post-Quantum Cryptography Hard Drives to Help Secure the Future of AI Data
• Positive Sentiment: Reports about AI storage demand suggest Western Digital and Seagate are benefiting from tighter supply and better pricing power in mass-capacity drives, which is supportive for revenue and margins. Seagate and Western Digital: AI Storage Demand Is Now Showing Up in Pricing Power
• Positive Sentiment: Broader coverage of the AI memory/storage boom is drawing investor attention to Western Digital as one of the names positioned to benefit from infrastructure spending. Memory Chip Stocks to Watch: Micron (MU), SK Hynix, and Western Digital Lead AI Boom
• Neutral Sentiment: Analyst sentiment remains constructive, with Western Digital receiving a “Moderate Buy” consensus rating, but this is a supportive backdrop rather than a fresh catalyst. Western Digital Corporation (NASDAQ:WDC) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Other articles on Micron and SanDisk largely reinforce the same industry theme: AI demand is improving the outlook for memory and storage suppliers, but they do not appear to be direct company-specific catalysts for Western Digital. Why Did Micron Stock Drop Today? Why Did Sandisk Stock Drop Today?

Analysts Set New Price Targets

WDC has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $488.00 price target on shares of Western Digital in a research note on Friday, May 1st. Cantor Fitzgerald raised their price objective on shares of Western Digital to $660.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Argus set a $300.00 target price on Western Digital in a research report on Tuesday, February 3rd. UBS Group upped their target price on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $400.00 price target on shares of Western Digital in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and a consensus price target of $395.83.

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.