Western Digital Corporation $WDC Shares Sold by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. trimmed its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 59,919 shares of the data storage provider’s stock after selling 5,274 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Western Digital were worth $10,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Western Digital by 12.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after acquiring an additional 5,731 shares during the period. LBP AM SA acquired a new stake in Western Digital during the 3rd quarter valued at approximately $641,000. AustralianSuper Pty Ltd acquired a new position in shares of Western Digital in the 3rd quarter valued at $34,244,000. NorthCrest Asset Manangement LLC lifted its stake in shares of Western Digital by 75.4% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock valued at $1,778,000 after purchasing an additional 4,068 shares during the period. Finally, Cantor Fitzgerald L. P. lifted its stake in shares of Western Digital by 399.8% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock valued at $3,900,000 after purchasing an additional 25,987 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on WDC. Barclays boosted their target price on shares of Western Digital from $240.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Susquehanna reiterated a “neutral” rating and issued a $285.00 target price on shares of Western Digital in a research note on Friday, February 6th. Evercore reiterated an “outperform” rating and issued a $378.00 target price on shares of Western Digital in a research note on Wednesday, April 8th. Argus set a $300.00 target price on shares of Western Digital in a research note on Tuesday, February 3rd. Finally, Truist Financial set a $310.00 target price on shares of Western Digital in a research note on Tuesday, February 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $304.29.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Bank of America raised its WDC price target to $415 and assigned a “buy” rating, signaling increased analyst conviction and implying further upside from current levels.
• Positive Sentiment: JPMorgan raised its price target to $400 and moved to “overweight,” another institutional upgrade supporting the rally and likely attracting more buyer interest. Benzinga
• Positive Sentiment: Solid fundamentals and earnings momentum — WDC has a recent track record of beats and raised guidance drivers (high-capacity/HAMR drives, manufacturing productivity). Analysts and outlets highlight the company as positioned to beat again, which supports valuation multiple expansion. Will Western Digital (WDC) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: WDC reported multi‑year AI storage commitments from large customers, boosted its dividend by 25% and announced meaningful buybacks — all shareholder‑friendly actions that underpin investor confidence in continued demand from AI workloads. Western Digital (WDC) Is Up 7.7% After Securing Multi‑Year AI Storage Commitments And Boosting Payouts
• Positive Sentiment: Broader market strength (Dow, S&P 500, Nasdaq gains and new highs) is lifting cyclical and growth names, providing tailwinds for WDC’s share price. Dow jumps 800 points, S&P 500 at new record, Nasdaq gains 6.8% this week
• Neutral Sentiment: Coverage notes WDC hitting record highs and strong institutional buying, but also documents insider selling activity — the market reaction so far shows buyers outweighing internal selling, so this is mixed for near‑term direction. Western Digital (WDC) Stock Surges to Record Peak Despite Insider Sales Activity
• Negative Sentiment: Retail SSD price cuts (example: WD Blue SN5100 markdown) could signal near‑term ASP pressure in consumer channels and tighter margins if competition forces broader discounting. WD Blue SN5100 NVMe SSD drops to $324.61 in latest price cut

Western Digital Price Performance

Shares of NASDAQ WDC opened at $372.52 on Friday. The firm has a market cap of $126.30 billion, a PE ratio of 37.36, a PEG ratio of 0.84 and a beta of 1.77. The firm has a fifty day moving average of $293.17 and a 200 day moving average of $215.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. Western Digital Corporation has a one year low of $35.51 and a one year high of $378.98.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.77 EPS. As a group, research analysts predict that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Thursday, March 5th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital’s payout ratio is presently 5.02%.

Insider Activity at Western Digital

In related news, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the sale, the insider owned 121,682 shares of the company’s stock, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew E. Massengill sold 36,926 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,795 shares of company stock worth $24,265,884 in the last quarter. 0.18% of the stock is owned by insiders.

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.