Vinland Capital Management Gestora de Recursos LTDA. Makes New Investment in Western Digital Corporation $WDC

Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 894 shares of the data storage provider’s stock, valued at approximately $154,000. Western Digital makes up about 2.2% of Vinland Capital Management Gestora de Recursos LTDA.’s holdings, making the stock its 24th biggest holding.

A number of other institutional investors have also modified their holdings of WDC. Dorsey Wright & Associates acquired a new stake in Western Digital during the fourth quarter worth approximately $3,246,000. Attestor Capital Ltd acquired a new position in Western Digital in the 4th quarter valued at $3,801,000. Wick Capital Partners LLC purchased a new position in shares of Western Digital during the 4th quarter worth $1,150,000. Compound Planning Inc. lifted its stake in shares of Western Digital by 16.6% during the 4th quarter. Compound Planning Inc. now owns 6,058 shares of the data storage provider’s stock worth $1,044,000 after purchasing an additional 863 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Western Digital by 210.7% during the fourth quarter. Corient Private Wealth LLC now owns 181,049 shares of the data storage provider’s stock worth $31,189,000 after purchasing an additional 122,779 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 2,475 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the sale, the insider directly owned 85,154 shares in the company, valued at $47,366,060.96. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction 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 sale, the insider directly owned 116,643 shares of the company’s stock, valued at $63,640,420.80. The trade was a 0.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,322 shares of company stock valued at $12,768,550 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Key Western Digital News

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

• Positive Sentiment: Western Digital is getting momentum-stock attention from analysts and traders who see AI-driven data-center growth supporting long-term demand for high-capacity storage. Seagate & Another AI Memory Momentum Stock With Big Upside
• Positive Sentiment: Shares are also benefiting from an industry-wide surge in memory stocks after reports that Apple flagged “unavoidable” memory price hikes, reinforcing pricing power across the sector. SanDisk Jumps 11%, Western Digital Rises 7% After Apple Flags “Unavoidable” Memory Price Hikes
• Positive Sentiment: Recent coverage continues to frame WDC as a strong momentum name, with articles suggesting more upside could remain after its recent run. Western Digital (WDC) Stock Could Close Out the Week with Major Gains
• Positive Sentiment: Analysts have been raising price targets and highlighting WDC’s strong profitability, which is adding to bullish sentiment. Morgan Stanley Raises Price Target on Western Digital (WDC). Here is Why
• Neutral Sentiment: Broader market rotation away from tech and into financials could create near-term volatility for technology stocks, including WDC. Financials Rose, Tech Fell Before Kevin Warsh Fed Debut

Western Digital Trading Up 4.8%

WDC stock opened at $746.23 on Friday. The company has a market cap of $257.21 billion, a PE ratio of 44.55 and a beta of 2.13. The stock has a 50-day moving average price of $478.97 and a two-hundred day moving average price of $324.21. Western Digital Corporation has a 12-month low of $58.66 and a 12-month high of $799.87.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping 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 company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the business posted $1.36 EPS. The company’s quarterly revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts forecast that Western Digital Corporation will post 9.6 EPS for the current fiscal year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 5th. Western Digital’s dividend payout ratio is presently 3.58%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group lifted their price objective on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Mizuho increased their target price on Western Digital from $550.00 to $685.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Jefferies Financial Group set a $575.00 price target on Western Digital in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price target on Western Digital from $530.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, Evercore reaffirmed an “outperform” rating and set a $575.00 price objective on shares of Western Digital in a research note on Tuesday, May 26th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.46.

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.