Western Digital Corporation $WDC Stock Position Raised by National Pension Service

National Pension Service lifted its position in Western Digital Corporation (NASDAQ:WDC) by 267.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,691,659 shares of the data storage provider’s stock after buying an additional 1,231,477 shares during the period. National Pension Service’s holdings in Western Digital were worth $291,422,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Quadcap Wealth Management LLC lifted its position in shares of Western Digital by 2.1% in the 4th quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock valued at $346,000 after acquiring an additional 41 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its position in shares of Western Digital by 2.6% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock valued at $341,000 after acquiring an additional 51 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of Western Digital by 19.4% in the 4th quarter. Bogart Wealth LLC now owns 369 shares of the data storage provider’s stock valued at $64,000 after acquiring an additional 60 shares in the last quarter. CYBER HORNET ETFs LLC lifted its position in shares of Western Digital by 7.2% in the 4th quarter. CYBER HORNET ETFs LLC now owns 889 shares of the data storage provider’s stock valued at $153,000 after acquiring an additional 60 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Western Digital by 3.6% in the 4th quarter. Moors & Cabot Inc. now owns 2,113 shares of the data storage provider’s stock valued at $364,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WDC. Citigroup upped their price target on shares of Western Digital from $405.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Western Digital from $335.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Bank of America increased their target price on shares of Western Digital to $495.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. New Street Research set a $250.00 target price on shares of Western Digital in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group set a $575.00 target price on shares of Western Digital in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $413.50.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Western Digital is being viewed as a key beneficiary of surging AI infrastructure spending, with multiple reports citing stronger data-center storage demand and improving pricing conditions for memory and hard drives. Western Digital Stock Investors Need to See This
• Positive Sentiment: Coverage around the “memory melt-up” continues to support the stock, as peers like Micron and SanDisk rally on the same supply-tight, AI-demand narrative that is also benefiting WDC. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Evercore raised its price target on Western Digital to $575 and called the stock “underappreciated,” pointing to HDD demand tied to AI data-center buildouts. Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here
• Positive Sentiment: Western Digital appointed former NVIDIA executive Manuvir Das to its board, reinforcing the company’s AI infrastructure credentials and signaling deeper alignment with the AI build-out theme. WD Appoints Manuvir Das to Board of Directors
• Neutral Sentiment: An insider sale by Cynthia L. Tregillis was disclosed, but it was small and executed under a pre-arranged 10b5-1 plan, so it does not appear to be a strong bearish signal. SEC filing
• Neutral Sentiment: Some articles note the stock has become very extended after a sharp multi-month run, which could lead to volatility even though the fundamental backdrop remains supportive. Sandisk Stock’s 4,000% Rise Is Happening Too Fast to Keep Up With

Western Digital Stock Performance

Shares of NASDAQ WDC opened at $531.18 on Friday. The stock has a market cap of $183.09 billion, a price-to-earnings ratio of 31.71 and a beta of 2.10. The business has a 50 day simple moving average of $391.76 and a 200 day simple moving average of $279.27. Western Digital Corporation has a 52 week low of $51.17 and a 52 week high of $553.50.

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

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s payout ratio is 2.99%.

Insider Activity

In other news, insider Vidyadhara K. Gubbi sold 10,148 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the transaction, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. This trade represents a 8.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cynthia L. Tregillis sold 9,324 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the transaction, the insider owned 121,682 shares in the company, valued at $32,643,630.14. This represents a 7.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 53,655 shares of company stock worth $18,179,038. 0.18% of the stock is owned by corporate insiders.

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.