Western Digital Corporation $WDC Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH increased its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 4,841.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,747 shares of the data storage provider’s stock after acquiring an additional 41,882 shares during the quarter. Erste Asset Management GmbH’s holdings in Western Digital were worth $7,970,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avion Wealth raised its stake in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 113 shares in the last quarter. Concord Wealth Partners acquired a new position in Western Digital in the fourth quarter valued at $41,000. BOKF NA increased its stake in Western Digital by 6,700.0% in the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 268 shares during the period. JPL Wealth Management LLC acquired a new position in Western Digital in the third quarter valued at $33,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Western Digital in the fourth quarter valued at $49,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on WDC. Evercore restated an “outperform” rating and issued a $575.00 price objective on shares of Western Digital in a research note on Tuesday, May 26th. Wedbush restated an “outperform” rating and issued a $325.00 price objective on shares of Western Digital in a research note on Monday, February 9th. Sanford C. Bernstein upgraded shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective on the stock in a research note on Tuesday, March 31st. Robert W. Baird lifted their price objective on shares of Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Citigroup lifted their price objective on shares of Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $433.29.

Insider Activity

In other news, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the sale, the director owned 3,903 shares of the company’s stock, valued at $2,062,813.56. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the sale, the chief executive officer directly owned 598,150 shares in the company, valued at approximately $246,342,096. The trade was a 3.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 29,322 shares of company stock worth $12,768,550 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Western Digital News Summary

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

• Positive Sentiment: Mizuho reportedly raised targets on Western Digital and peers, citing an AI-driven memory supply crunch that could extend through 2027, a bullish setup for pricing power and earnings. Memory Stocks Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) Surge on AI-Driven Demand Forecast
• Positive Sentiment: Wells Fargo recently increased its price target on WDC, reinforcing the bullish analyst backdrop that has helped support the stock’s rally. Wells Fargo Raises Western Digital (WDC) Price Target by $75
• Positive Sentiment: Memory and storage names, including Western Digital, are rebounding sharply after Friday’s selloff, suggesting momentum traders are pushing the stock higher even without a fresh company-specific announcement. Micron Rockets 8%, Western Digital Surges 7%, SanDisk Pops 6% in Memory-Stock Snap-Back
• Neutral Sentiment: Several articles question whether the stock is still a buy after a massive run-up, which reflects investor debate more than a clear fundamental shift. Up 981%, Is Western Digital Stock Still a Buy?
• Neutral Sentiment: Social-media and market chatter also highlight strong performance, debt-management via convertible note exchanges, and broad semiconductor-sector strength, but these are more supportive context than direct catalysts. Western Digital Stock (WDC) Opinions on Strong Performance and Note Exchanges

Western Digital Stock Up 3.0%

Shares of NASDAQ:WDC opened at $526.93 on Tuesday. The company has a market cap of $181.62 billion, a price-to-earnings ratio of 31.46 and a beta of 2.13. The firm’s 50-day simple moving average is $427.13 and its 200-day simple moving average is $298.34. Western Digital Corporation has a fifty-two week low of $54.60 and a fifty-two week high of $602.54.

Western Digital (NASDAQ:WDC) last issued 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. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The business’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, research analysts forecast that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s payout ratio is presently 3.58%.

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.