Groupama Asset Managment Makes New Investment in Western Digital Corporation $WDC

Groupama Asset Managment purchased a new stake in Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, HoldingsChannel reports. The fund purchased 2,944 shares of the data storage provider’s stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ORG Partners LLC increased its position in Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after purchasing an additional 117 shares during the period. Rakuten Securities Inc. lifted its position 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 purchasing an additional 407 shares during the period. Cullen Frost Bankers Inc. lifted its position 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 purchasing an additional 204 shares during the period. Grove Bank & Trust bought a new stake in shares of Western Digital in the 3rd quarter valued at $30,000. Finally, Westfuller Advisors LLC bought a new stake in shares of Western Digital in the 3rd quarter valued at $30,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on WDC shares. Weiss Ratings raised shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Citigroup boosted their price objective on Western Digital to $325.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen lowered Western Digital from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. China Renaissance began coverage on Western Digital in a research note on Friday, December 5th. They set a “buy” rating and a $193.00 target price for the company. Finally, Evercore reiterated an “outperform” rating and issued a $230.00 target price on shares of Western Digital in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $265.58.

Insider Activity

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the transaction, the insider owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This trade represents a 7.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total value of $5,108,800.00. Following the completion of the transaction, the chief executive officer owned 623,586 shares in the company, valued at $159,288,807.84. The trade was 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 92,795 shares of company stock worth $24,265,884. Corporate insiders own 0.18% of the company’s stock.

Western Digital Trading Down 7.5%

Shares of Western Digital stock opened at $293.10 on Friday. The company has a market capitalization of $99.37 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 0.68 and a beta of 1.76. The stock has a fifty day simple moving average of $265.63 and a 200 day simple moving average of $186.89. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $319.62. 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 posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm earned $1.77 EPS. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were given a $0.125 dividend. 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 presently 5.02%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Hyperscaler partnerships are strengthening revenue visibility for fiscal 2026 and support Western Digital’s high-capacity storage roadmap for AI/data-center customers — a demand-side fundamental that underpins longer-term sales growth. Western Digital’s Hyperscaler Momentum Boosts Revenue Visibility
• Positive Sentiment: Technical momentum remains constructive — analysts and chart watchers cite a recent golden-cross (50-day SMA crossing above 200-day SMA), which can attract trend-following capital and support the stock on pullbacks. These 2 Data Storage Stocks Just Flashed Golden Crosses
• Neutral Sentiment: Valuation and momentum are now front-and-center — recent outsized gains have left investors parsing whether current prices already reflect near-term demand upside; some coverage frames current moves as momentum-driven rather than news-driven. Western Digital (WDC) Valuation Check After Strong Recent Share Price Momentum
• Negative Sentiment: Profit-taking and a “reset” in expectations after the AI-driven run-up appear to be the immediate catalysts; a recent conference presentation was treated by some traders as a sell-the-news event rather than a fresh demand surprise. Additionally, management’s move to monetize remaining SanDisk stake (cash-raising to reduce debt) may be viewed as balance-sheet cleanup rather than an earnings accelerator. Heavy insider selling (many recent open-market sales, few/zero purchases) adds to negative perception. Western Digital (WDC) slides as investors extend a pullback after a sharp AI-driven run-up

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.