Czech National Bank Grows Holdings in Western Digital Corporation $WDC

Czech National Bank grew its position in Western Digital Corporation (NASDAQ:WDC) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,154 shares of the data storage provider’s stock after acquiring an additional 2,043 shares during the period. Czech National Bank’s holdings in Western Digital were worth $15,531,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WDC. ORG Partners LLC grew its position in shares of 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 acquiring an additional 117 shares during the period. Cullen Frost Bankers Inc. raised its holdings in 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 purchased a new position in Western Digital during the third quarter worth approximately $30,000. Westfuller Advisors LLC purchased a new position in Western Digital during the third quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in Western Digital by 207.0% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after purchasing an additional 178 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on WDC. Mizuho boosted their price objective on Western Digital to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Bank of America lifted their price target on shares of Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Cantor Fitzgerald boosted their price target on shares of Western Digital to $325.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. New Street Research set a $250.00 price objective on shares of Western Digital in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company increased 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. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $265.58.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Long-term customer contracts extend visibility into AI/hyperscale demand and improve revenue predictability, supporting WDC’s growth narrative. Western Digital’s Long Contracts Recast AI Storage Growth And Valuation
• Positive Sentiment: Analyst pieces highlight WDC’s AI/cloud exposure and superior cash returns versus peers (NetApp), reinforcing a buy case that could limit downside in a pullback. Western Digital Riding on AI & Cloud Boom to Power Growth
• Positive Sentiment: Technical flow: a “power inflow” signal near $278 helped an intraday rebound (about +3%), showing short-term buying interest that can cushion volatility. Western Digital Shares Rebound, Climb 3% After Key Trading Signal
• Neutral Sentiment: Broker/industry notes that memory prices could spike (benefiting suppliers), but firm-specific exposure and product mix will determine how much WDC captures any rally. Memory Prices Could Spike More Than 100%: Buy Micron Stock Here
• Neutral Sentiment: Comparative coverage (Micron vs. Western Digital) underscores different exposure (memory vs. high-capacity drives); useful context but not an immediate catalyst for WDC alone. Micron (MU) vs Western Digital (WDC): Which AI Infrastructure Stock Offers Better Value?
• Negative Sentiment: Google’s TurboQuant — an algorithm that can materially cut AI memory requirements — prompted investor re‑assessment of long‑run hardware demand, putting pressure on memory/storage names including WDC. Google TurboQuant Puts Western Digital AI Storage Growth In Focus
• Negative Sentiment: Sector reaction: memory chip stocks fell sharply after TurboQuant news, reflecting short-term risk that AI efficiency gains could reduce near‑term demand forecasts for suppliers. Memory Chip Stocks Drop 6% as Google Unveils AI Efficiency Algorithm

Insider Buying and Selling at Western Digital

In related news, insider Vidyadhara K. Gubbi sold 8,518 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the transaction, the insider directly owned 99,276 shares in the company, valued at approximately $25,347,148.32. The trade was a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the company’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 sale, the chief executive officer directly 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. Insiders sold 92,795 shares of company stock worth $24,265,884 over the last three months. 0.18% of the stock is owned by corporate insiders.

Western Digital Stock Performance

NASDAQ WDC opened at $273.35 on Friday. The company has a market cap of $92.68 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 0.68 and a beta of 1.76. The stock’s 50 day simple moving average is $271.67 and its 200-day simple moving average is $191.82. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $319.62. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. As a group, equities research analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s dividend payout ratio is presently 5.02%.

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.