Western Digital Corporation $WDC Position Trimmed by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd decreased its holdings in Western Digital Corporation (NASDAQ:WDC) by 10.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 77,717 shares of the data storage provider’s stock after selling 9,471 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Western Digital were worth $9,331,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC boosted its stake in shares of Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. Private Wealth Management Group LLC boosted its position in shares of Western Digital by 102.5% in the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock valued at $26,000 after purchasing an additional 202 shares during the period. Rakuten Securities Inc. boosted its position in shares of Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the period. NewSquare Capital LLC increased its stake in Western Digital by 86.9% in the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Finally, Grove Bank & Trust acquired a new stake in Western Digital during the 3rd quarter worth about $30,000. Institutional investors own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

WDC has been the subject of a number of analyst reports. Barclays reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Western Digital in a research note on Thursday, January 15th. The Goldman Sachs Group restated a “neutral” rating and set a $165.00 price target on shares of Western Digital in a report on Friday, January 9th. Susquehanna raised their price objective on shares of Western Digital from $135.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. China Renaissance initiated coverage on shares of Western Digital in a research report on Friday, December 5th. They set a “buy” rating and a $193.00 price objective on the stock. Finally, Morgan Stanley increased their target price on Western Digital to $260.00 and gave the company an “overweight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.29.

Key Western Digital News

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

• Positive Sentiment: Multiple analyst upgrades and sizable price‑target increases (Citigroup, Rosenblatt, Bank of America and others) have lifted sentiment and supported the rally into record highs. Forget the Chips, Buy Memory
• Positive Sentiment: AI-driven demand is rotating investor money from GPUs to storage — institutional flow into NAND/SSD and HDD suppliers is increasing pricing power and revenue visibility for WDC’s data‑center HDDs and SSD roadmap. AI-money moving to storage
• Positive Sentiment: WDC has strong recent earnings‑surprise history and Wall Street expects continued earnings growth; that raises the chance of another beat at the upcoming quarterly report. Will WDC beat estimates?
• Neutral Sentiment: Corporate cadence: WDC is hosting an Innovation Day and has raised its dividend — both can reinforce the narrative but are event‑driven and dependent on execution/communication. Innovation Day / dividend context
• Neutral Sentiment: Insider activity: a small officer sale (447 shares) was disclosed; size and frequency indicate routine liquidity rather than management signaling. SEC filing
• Negative Sentiment: Price pullback today amid broader market strength — traders appear to be taking profits after WDC hit fresh 52‑week/all‑time highs. WDC stock dips while market gains
• Negative Sentiment: Valuation and cycle risk concerns: several commentators warn the rally could be stretched and exposed to a pullback if supply/pricing dynamics normalize or AI demand growth slows. Pullback risk analysis

Western Digital Stock Down 2.8%

Western Digital stock opened at $236.39 on Friday. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $247.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. The firm has a market cap of $80.82 billion, a PE ratio of 34.41, a P/E/G ratio of 1.13 and a beta of 1.78. The firm’s 50 day moving average price is $182.54 and its two-hundred day moving average price is $130.31.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, October 30th. The data storage provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.57 by $0.21. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the company posted $1.78 EPS. Western Digital’s revenue was up 27.4% on a year-over-year basis. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. On average, research analysts predict that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 4th. This is an increase from Western Digital’s previous quarterly dividend of $0.10. Western Digital’s payout ratio is currently 7.28%.

Insider Transactions at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $150.69, for a total transaction of $3,013,800.00. Following the completion of the sale, the chief executive officer directly owned 645,467 shares in the company, valued at $97,265,422.23. The trade was a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cynthia L. Tregillis sold 447 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $229.00, for a total value of $102,363.00. Following the completion of the sale, the insider directly owned 143,318 shares of the company’s stock, valued at approximately $32,819,822. The trade was a 0.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,816 shares of company stock valued at $4,116,148 over the last 90 days. Company insiders own 0.18% of the company’s stock.

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.