Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 34,950 Shares of Western Digital Corporation $WDC

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Western Digital Corporation (NASDAQ:WDC) by 64.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,416 shares of the data storage provider’s stock after buying an additional 34,950 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Western Digital were worth $24,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Trust Asset Management LLC purchased a new stake in Western Digital during the first quarter valued at $47,000. Avion Wealth boosted its position in Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Roble Belko & Company Inc purchased a new position in Western Digital in the first quarter worth about $50,000. Swiss RE Ltd. bought a new stake in shares of Western Digital during the 4th quarter valued at about $32,000. Finally, Concord Wealth Partners bought a new stake in shares of Western Digital during the 4th quarter valued at about $41,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Zacks still lists Western Digital as a top momentum stock for Q3 2026, pointing to continued investor interest in the memory chip theme and potential upside if the sector rebound continues.
• Positive Sentiment: MarketBeat noted that the memory rally may still be intact despite the broader semiconductor sell-off, which could support Western Digital if demand for memory chips remains strong.
• Positive Sentiment: A review of WD Red Plus 4TB highlighted the product as a reliable NAS hard drive, reinforcing Western Digital’s reputation in storage hardware.
• Neutral Sentiment: Western Digital was mentioned alongside other decliners as semiconductor stocks fell on fears that AI-driven chip demand may be cooling, suggesting the stock is being dragged by sector sentiment more than a fresh company-specific catalyst.
• Neutral Sentiment: Analyst-focused articles cited Western Digital’s bullish Wall Street view and strong earnings surprise history, but they did not introduce new information likely to move the stock immediately.
• Neutral Sentiment: Retail promotion news from Flipkart’s GOAT Sale included WD-branded storage devices, which is supportive for brand visibility but likely not material to the stock today.
• Negative Sentiment: The steep decline in Western Digital shares followed a broader semiconductor pullback, with investors apparently rotating out of high-flying AI and chip names.
• Negative Sentiment: Articles about Sandisk’s huge post-spin-off rally and the possibility of a stock split may remind investors of competition and relative performance within the storage space, but they mainly add narrative pressure rather than direct upside for WDC.

Western Digital Stock Performance

Western Digital stock opened at $539.00 on Friday. Western Digital Corporation has a 12-month low of $63.67 and a 12-month high of $799.87. The firm has a market capitalization of $185.78 billion, a price-to-earnings ratio of 32.18 and a beta of 2.11. The firm has a 50 day moving average of $539.71 and a 200 day moving average of $359.19.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, analysts predict that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were paid a dividend of $0.15 per share. This is a positive change from Western Digital’s previous quarterly dividend of $0.12. 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%. Western Digital’s dividend payout ratio is presently 3.58%.

Insider Activity

In related news, 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 transaction, the insider owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. This represents a 4.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value 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. The trade was a 16.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 29,322 shares of company stock worth $12,768,550. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WDC has been the subject of several research reports. Jefferies Financial Group set a $575.00 price target on shares of Western Digital in a research report on Tuesday, May 26th. Cantor Fitzgerald boosted their target price on shares of Western Digital from $660.00 to $900.00 and gave the company an “overweight” rating in a research report on Monday. Rosenblatt Securities upped their target price on shares of Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Melius Research set a $1,050.00 price target on shares of Western Digital and gave the stock a “buy” rating in a research report on Monday. Finally, Evercore reiterated an “outperform” rating and set a $575.00 price target on shares of Western Digital in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and an average target price of $493.52.

Western Digital Company 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.