Western Digital Corporation $WDC Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG decreased its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 83.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,129 shares of the data storage provider’s stock after selling 26,173 shares during the period. J. Safra Sarasin Holding AG’s holdings in Western Digital were worth $884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WDC. 44 Wealth Management LLC increased its stake in Western Digital by 0.8% in the third quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock valued at $1,120,000 after purchasing an additional 78 shares during the last quarter. Addison Advisors LLC boosted its stake in Western Digital by 7.1% in the 3rd quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after buying an additional 85 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Western Digital by 41.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 293 shares of the data storage provider’s stock worth $50,000 after buying an additional 86 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Western Digital by 47.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 300 shares of the data storage provider’s stock valued at $52,000 after buying an additional 97 shares during the period. Finally, Pure Financial Advisors LLC increased its stake in shares of Western Digital by 3.1% during the 3rd quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock valued at $430,000 after acquiring an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

WDC has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $340.00 price objective on shares of Western Digital in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Western Digital from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. China Renaissance began coverage on shares of Western Digital in a research note on Friday, December 5th. They set a “buy” rating and a $193.00 price target on the stock. Evercore reiterated an “outperform” rating and issued a $230.00 price target on shares of Western Digital in a report on Friday, January 16th. Finally, Bank of America boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and an average price target of $275.75.

Western Digital Stock Up 10.1%

Shares of NASDAQ:WDC opened at $297.73 on Thursday. The stock has a 50-day simple moving average of $275.42 and a 200-day simple moving average of $197.49. The stock has a market capitalization of $100.94 billion, a P/E ratio of 29.86, a PEG ratio of 0.62 and a beta of 1.77. 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 quick ratio of 1.19 and a current ratio of 1.46.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.93 billion. During the same quarter last year, the firm posted $1.77 earnings per share. Western Digital’s revenue for the quarter was up 25.2% compared to the same quarter last year. Equities analysts forecast that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Dividend Announcement

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

Insider Buying and Selling at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 623,586 shares of the company’s stock, valued at $159,288,807.84. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider owned 121,682 shares in the company, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 92,795 shares of company stock worth $24,265,884. Insiders own 0.18% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Bernstein upgraded WDC to Outperform and doubled its price target to $340, calling the recent selloff an overreaction and labeling WDC an “attractive entry point” — this upgrade is the clearest near-term catalyst lifting the stock. Wall Street Thinks Western Digital Stock Price Will Soar Higher This Year
• Positive Sentiment: JetStor announced an 80PB high-density archive deployment for a government agency using Western Digital’s Ultrastar high-capacity drives — a direct enterprise win that supports demand for WDC’s data-center and archive HDD products. JetStor Delivers 80PB High-Density Archive for Government Agency Using WD’s Trusted High-Capacity Ultrastar Drives
• Positive Sentiment: Memory and storage names led the Nasdaq rally today as investors chased momentum and dip-buying in the sector — that rotation into memory stocks is boosting WDC along with peers. Nasdaq Adds to Its Rally. Memory Stocks Led the Charge.
• Positive Sentiment: Analysis pieces argue the recent algorithm-driven selloff created a buying opportunity for memory/storage names given robust AI/cloud demand — this narrative supports continued inflows into WDC. Memory Wipe: The Great TurboQuant Miscalculation (WDC)
• Neutral Sentiment: Coverage of SanDisk’s spectacular post-spinoff run highlights strong AI-driven end-market demand for memory products — positive industry context but not a direct business update for WDC. Sandisk’s Path to $1,000 Per Share Runs Through the AI Memory Boom
• Neutral Sentiment: Broad analyst coverage (Zacks, others) reiterates that Wall Street views WDC as a strong AI/storage play — helpful for sentiment but varies across firms and time horizons. Wall Street Analysts Think Western Digital (WDC) Is a Good Investment: Is It?
• Negative Sentiment: Underlying volatility remains: recent algorithmic selling and a cooling in memory stocks earlier this week remind investors that WDC remains exposed to sentiment-driven swings. That risk can reverse gains quickly if headlines or demand outlooks shift. Memory Stocks Were One of 2025’s Hottest Trades. Now They’ve Cooled Off.

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.