Western Digital Corporation $WDC Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in Western Digital Corporation (NASDAQ:WDC) by 190.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,732 shares of the data storage provider’s stock after purchasing an additional 108,002 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Western Digital were worth $28,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WDC. ING Groep NV raised its holdings in shares of Western Digital by 226.7% during the 4th quarter. ING Groep NV now owns 234,710 shares of the data storage provider’s stock valued at $40,433,000 after buying an additional 162,861 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Western Digital by 15.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 111,481 shares of the data storage provider’s stock worth $19,205,000 after acquiring an additional 14,885 shares during the period. Atlantic Private Wealth LLC acquired a new stake in Western Digital in the fourth quarter valued at approximately $173,000. Dearborn Partners LLC purchased a new stake in shares of Western Digital during the fourth quarter valued at approximately $432,000. Finally, Havemeyer Place LP purchased a new stake in shares of Western Digital during the fourth quarter valued at approximately $174,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Key Stories Impacting Western Digital

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

Analysts Set New Price Targets

A number of equities analysts have commented on WDC shares. 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 report on Friday, May 1st. UBS Group lifted their target price on Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on Western Digital from $320.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company increased their price target on Western Digital from $500.00 to $575.00 and gave the company an “overweight” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $433.29.

Insiders Place Their Bets

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value 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 $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the sale, the insider owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. This trade represents a 4.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 29,322 shares of company stock worth $12,768,550. Insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

Western Digital stock opened at $526.93 on Tuesday. Western Digital Corporation has a 1 year low of $54.60 and a 1 year high of $602.54. The firm’s 50-day moving average is $427.13 and its 200-day moving average is $298.34. The company has a market cap of $181.62 billion, a P/E ratio of 31.46 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. The business’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, sell-side analysts predict that Western Digital Corporation will post 9.57 earnings per share for the current year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio (DPR) is presently 3.58%.

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.