Vise Technologies Inc. Has $1.48 Million Position in Western Digital Corporation $WDC

Vise Technologies Inc. increased its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 42.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,575 shares of the data storage provider’s stock after buying an additional 2,568 shares during the quarter. Vise Technologies Inc.’s holdings in Western Digital were worth $1,477,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Western Digital by 0.6% during the third quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock worth $5,196,484,000 after buying an additional 243,177 shares in the last quarter. Norges Bank acquired a new stake in Western Digital during the fourth quarter worth approximately $788,729,000. Northern Trust Corp grew its position in Western Digital by 11.2% during the third quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock worth $456,884,000 after buying an additional 384,103 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Western Digital by 11.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock worth $456,737,000 after buying an additional 402,981 shares in the last quarter. Finally, Fred Alger Management LLC grew its position in Western Digital by 4,923.9% during the third quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock worth $409,049,000 after buying an additional 3,339,225 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $325.00 price target on shares of Western Digital in a research report on Monday, February 9th. Bank of America raised their target price on Western Digital to $495.00 and gave the company a “buy” rating in a report on Monday, April 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $400.00 target price on shares of Western Digital in a report on Friday, May 1st. Citigroup raised their target price on Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Evercore reaffirmed an “outperform” rating and issued a $575.00 target price on shares of Western Digital in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $433.29.

Western Digital Stock Performance

Shares of WDC stock opened at $526.93 on Tuesday. The stock’s fifty day moving average price is $427.13 and its two-hundred day moving average price is $298.34. The company has a market cap of $181.62 billion, a PE ratio of 31.46 and a beta of 2.13. Western Digital Corporation has a fifty-two week low of $54.60 and a fifty-two week high of $602.54.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company earned $1.36 EPS. Western Digital’s 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. On average, equities analysts predict that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, June 5th. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio is currently 3.58%.

Insider Transactions at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the completion of the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at approximately $246,342,096. This represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the 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 $39,905,270.79. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,322 shares of company stock valued at $12,768,550 over the last quarter. 0.18% of the stock is currently owned by insiders.

Western Digital News Roundup

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

• Positive Sentiment: Mizuho reportedly raised targets on Western Digital and peers, citing an AI-driven memory supply crunch that could extend through 2027, a bullish setup for pricing power and earnings. Memory Stocks Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) Surge on AI-Driven Demand Forecast
• Positive Sentiment: Wells Fargo recently increased its price target on WDC, reinforcing the bullish analyst backdrop that has helped support the stock’s rally. Wells Fargo Raises Western Digital (WDC) Price Target by $75
• Positive Sentiment: Memory and storage names, including Western Digital, are rebounding sharply after Friday’s selloff, suggesting momentum traders are pushing the stock higher even without a fresh company-specific announcement. Micron Rockets 8%, Western Digital Surges 7%, SanDisk Pops 6% in Memory-Stock Snap-Back
• Neutral Sentiment: Several articles question whether the stock is still a buy after a massive run-up, which reflects investor debate more than a clear fundamental shift. Up 981%, Is Western Digital Stock Still a Buy?
• Neutral Sentiment: Social-media and market chatter also highlight strong performance, debt-management via convertible note exchanges, and broad semiconductor-sector strength, but these are more supportive context than direct catalysts. Western Digital Stock (WDC) Opinions on Strong Performance and Note Exchanges

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.