WINTON GROUP Ltd Has $655,000 Stake in Western Digital Corporation $WDC

WINTON GROUP Ltd trimmed its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 82.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,804 shares of the data storage provider’s stock after selling 17,587 shares during the quarter. WINTON GROUP Ltd’s holdings in Western Digital were worth $655,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. increased its position in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares during the last quarter. Avion Wealth increased its position in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after buying an additional 113 shares during the last quarter. BOKF NA increased its position in Western Digital by 6,700.0% during the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after buying an additional 268 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Western Digital in the third quarter valued at about $33,000. Finally, Ameriflex Group Inc. grew its position in shares of Western Digital by 100.0% in the third quarter. Ameriflex Group Inc. now owns 312 shares of the data storage provider’s stock valued at $37,000 after purchasing an additional 156 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WDC. Jefferies Financial Group set a $575.00 price target on Western Digital in a research report on Tuesday, May 26th. Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $400.00 price target on shares of Western Digital in a research report on Friday, May 1st. Wall Street Zen raised Western Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Cantor Fitzgerald increased their target price on shares of Western Digital to $660.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and a consensus price target of $433.29.

Western Digital Stock Performance

NASDAQ WDC opened at $490.09 on Thursday. The firm has a 50-day simple moving average of $436.75 and a 200 day simple moving average of $303.37. Western Digital Corporation has a twelve month low of $54.60 and a twelve month high of $602.54. The stock has a market cap of $168.92 billion, a PE ratio of 29.26 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the company earned $1.36 earnings per share. The firm’s revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Research analysts forecast that Western Digital Corporation will post 9.57 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.15 per share. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, June 5th. Western Digital’s dividend payout ratio is 3.58%.

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the completion of the transaction, the insider owned 90,041 shares in the company, valued at $39,905,270.79. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cynthia L. Tregillis sold 432 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the transaction, the insider owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This represents a 0.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,322 shares of company stock worth $12,768,550 in the last three months. 0.18% of the stock is currently owned by company insiders.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Analysts remain constructive on Western Digital after recent AI-related strength, with Mizuho lifting its price target from $550 to $685 and keeping an Outperform rating, while Citi also reportedly raised its target. Mizuho and Citi Raise Western Digital (WDC) Price Targets
• Positive Sentiment: Western Digital continues to draw bullish attention from brokerages, with a consensus “Moderate Buy” rating signaling generally favorable expectations for the stock. Western Digital Corporation (NASDAQ:WDC) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Several market commentary pieces highlighted Western Digital as a trending or attention-worthy stock, reflecting elevated investor interest rather than a clear new fundamental catalyst. Here’s Why We Think Western Digital (NASDAQ:WDC) Might Deserve Your Attention Today
• Negative Sentiment: Western Digital fell alongside other semiconductor and storage names after a hotter CPI reading revived inflation and rate-hike concerns, pressuring the broader sector. IPG Photonics, Western Digital, and Skyworks Solutions Shares Are Falling, What You Need To Know
• Negative Sentiment: Memory and storage stocks sold off broadly, with Western Digital declining more than the market as investors rotated out of the group amid weaker risk sentiment. Micron Sinks 6%, Western Digital Falls 5% but SanDisk Holds Steady

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.