Oslo Pensjonsforsikring AS Takes $400,000 Position in Western Digital Corporation $WDC

Oslo Pensjonsforsikring AS purchased a new position in Western Digital Corporation (NASDAQ:WDC) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,480 shares of the data storage provider’s stock, valued at approximately $400,000.

A number of other hedge funds also recently bought and sold shares of WDC. China Universal Asset Management Co. Ltd. purchased a new position in Western Digital in the 4th quarter worth approximately $2,270,000. WESPAC Advisors LLC purchased a new stake in Western Digital during the 4th quarter valued at $793,000. Nomura Asset Management Co. Ltd. boosted its stake in Western Digital by 33.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock valued at $193,303,000 after purchasing an additional 282,156 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Western Digital during the 4th quarter valued at $20,889,000. Finally, World Investment Advisors increased its holdings in shares of Western Digital by 145.8% in the 4th quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock worth $1,025,000 after purchasing an additional 3,529 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In other news, Director Bruce E. Kiddoo sold 750 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the sale, the director owned 3,903 shares of the company’s stock, valued at $2,062,813.56. This represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cynthia L. Tregillis sold 432 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the completion of the transaction, the insider directly owned 116,643 shares in the company, valued at approximately $63,640,420.80. The trade was a 0.37% 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. In the last quarter, insiders have sold 28,959 shares of company stock valued at $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

NASDAQ WDC opened at $556.67 on Thursday. The stock has a market capitalization of $191.87 billion, a price-to-earnings ratio of 33.23 and a beta of 2.11. Western Digital Corporation has a 1-year low of $66.51 and a 1-year high of $799.87. The business’s fifty day moving average price is $562.77 and its 200-day moving average price is $393.59.

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

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were paid a dividend of $0.15 per share. The ex-dividend date was 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 $0.12. Western Digital’s dividend payout ratio is presently 3.58%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Evercore restated an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a research note on Tuesday, May 26th. Jefferies Financial Group set a $575.00 price objective on Western Digital in a research report on Tuesday, May 26th. Fox Advisors downgraded Western Digital from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Morgan Stanley boosted their target price on Western Digital from $488.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Finally, Bank of America upped their target price on shares of Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two 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. Based on data from MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $520.32.

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.