ABN Amro Investment Solutions Increases Holdings in Western Digital Corporation $WDC

ABN Amro Investment Solutions increased its position in Western Digital Corporation (NASDAQ:WDC) by 19.5% during the first quarter, HoldingsChannel.com reports. The fund owned 20,683 shares of the data storage provider’s stock after acquiring an additional 3,378 shares during the quarter. ABN Amro Investment Solutions’ holdings in Western Digital were worth $5,595,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WDC. Rakuten Securities Inc. boosted 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 purchasing an additional 407 shares in the last quarter. Avion Wealth increased its position in shares of Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in shares of Western Digital in the first quarter valued at $32,000. Swiss RE Ltd. acquired a new position in shares of Western Digital during the 4th quarter worth $32,000. Finally, BOKF NA raised its stake in shares of Western Digital by 6,700.0% during the 3rd 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. 92.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the sale, the chief executive officer owned 598,150 shares in the company, valued at $246,342,096. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the completion of the sale, the director directly owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. This represents a 16.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 28,959 shares of company stock worth $12,631,666. 0.18% of the stock is owned by company insiders.

More Western Digital News

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

• Positive Sentiment: Analysts and market commentators are highlighting Western Digital as a top AI/storage beneficiary with short-term upside potential after recent volatility. Buy 3 Top-Ranked AI Giants on the Dip Amid Short-Term Price Upside
• Positive Sentiment: Western Digital and Kioxia have reportedly restarted merger talks focused on combining flash memory assets, which could create a larger NAND player and improve strategic positioning. Western Digital (WDC) Revives Kioxia Merger Talks Over Flash Memory Assets
• Neutral Sentiment: Western Digital was also included in broader coverage of the AI trade returning to favor, with chip stocks and memory names rebounding together ahead of major tech earnings. The Stock Market’s AI Trade Is Back With a Bang
• Neutral Sentiment: Gene Munster’s comments about a potential 2027 AI-driven hardware upgrade cycle add to the bullish long-term narrative for memory demand, though this is more of a thematic tailwind than an immediate catalyst. AAPL, HPQ, SNDK, WDC: Gene Munster Says ‘Memory Hog’ AI Will Trigger a Massive 2027 Upgrade Cycle

Western Digital Price Performance

Western Digital stock opened at $556.67 on Thursday. The stock has a market capitalization of $191.87 billion, a P/E ratio of 33.23 and a beta of 2.11. Western Digital Corporation has a 12-month low of $66.51 and a 12-month high of $799.87. The firm’s 50-day moving average is $562.77 and its two-hundred day moving average is $393.59.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company’s revenue was up 45.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, analysts forecast that Western Digital Corporation will post 9.61 EPS for the current year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.15 dividend. This is a boost from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 5th. This represents a $0.60 annualized dividend and a yield of 0.1%. Western Digital’s payout ratio is presently 3.58%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WDC. TD Cowen boosted their price objective on shares of Western Digital from $325.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Melius Research set a $1,050.00 target price on shares of Western Digital and gave the stock a “buy” rating in a research report on Monday, June 29th. Evercore reaffirmed an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a report on Tuesday, May 26th. Susquehanna increased their price target on shares of Western Digital from $360.00 to $500.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Finally, Rosenblatt Securities raised their price objective on shares of Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $520.32.

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.