VectorGlobal IAG Inc. Takes $255,000 Position in Western Digital Corporation $WDC

VectorGlobal IAG Inc. acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 943 shares of the data storage provider’s stock, valued at approximately $255,000.

A number of other institutional investors have also modified their holdings of WDC. Norges Bank acquired a new position in Western Digital in the fourth quarter valued at $788,729,000. Northern Trust Corp boosted its stake in shares of Western Digital by 11.2% during the 3rd quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock worth $456,884,000 after acquiring an additional 384,103 shares in the last quarter. Soroban Capital Partners LP boosted its position in Western Digital by 1,926.3% during the second quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock worth $195,882,000 after purchasing an additional 2,910,062 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Western Digital by 70.4% in the fourth quarter. AQR Capital Management LLC now owns 2,972,703 shares of the data storage provider’s stock valued at $512,107,000 after purchasing an additional 1,228,661 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Western Digital by 6.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,809,409 shares of the data storage provider’s stock valued at $483,977,000 after buying an additional 159,167 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Western Digital Price Performance

WDC opened at $544.84 on Monday. The stock has a market capitalization of $187.80 billion, a PE ratio of 32.53 and a beta of 2.11. The firm’s fifty day moving average price is $568.03 and its 200 day moving average price is $408.97. Western Digital Corporation has a 12-month low of $73.14 and a 12-month high of $799.87.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 45.5% compared to the same quarter last year. On average, equities research analysts forecast that Western Digital Corporation will post 9.61 earnings per share for the current fiscal year.

Insider Transactions at Western Digital

In other news, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the completion of the transaction, the director directly owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. The trade was a 16.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Cynthia L. Tregillis sold 808 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $529.63, for a total transaction of $427,941.04. Following the completion of the transaction, the insider directly owned 114,539 shares in the company, valued at $60,663,290.57. This represents a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,093 shares of company stock worth $2,751,337. 0.18% of the stock is currently owned by insiders.

Key Western Digital News

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

• Positive Sentiment: A significant “Power Inflow” alert, indicating strong institutional and retail buying pressure, helped trigger a sharp intraday rebound in Western Digital shares. Traders viewed the order-flow signal as bullish. Western Digital Shares Rise 4% After Key Trading Signal
• Positive Sentiment: Western Digital was included among AI-infrastructure stocks that could benefit from more than $750 billion in planned 2026 Big Tech spending. Rising demand for data-center storage and memory supports the company’s growth outlook. Buy 5 AI Infrastructure Stocks as Big Tech’s AI Spending Continues
• Positive Sentiment: The broader memory and storage sector rebounded strongly after a sharp selloff, lifting Western Digital alongside SanDisk, Micron, Seagate and SK Hynix. Analysts cited improving industry fundamentals, strong AI demand and limited near-term risk of semiconductor oversupply as reasons for optimism. Memory Stocks Blast Off
• Neutral Sentiment: Brokerages currently assign Western Digital an average “Moderate Buy” recommendation, while investor attention has increased. The heightened interest may support trading momentum but also reflects the stock’s high volatility. Western Digital Given Average Recommendation of Moderate Buy
• Negative Sentiment: Recent insider selling contributed to a prior decline and remains a sentiment overhang, particularly after Western Digital’s substantial rally. Western Digital Trading Down Following Insider Selling
• Negative Sentiment: Valuation is a key risk. Western Digital has been one of the strongest performers in the AI memory and storage trade, but its elevated valuation leaves less room for disappointment when the company reports earnings. Western Digital’s Earnings Will Test Whether Its AI Rally Has More Room

Analyst Upgrades and Downgrades

WDC has been the topic of several analyst reports. Melius Research set a $1,050.00 price target on shares of Western Digital and gave the stock a “buy” rating in a research note on Monday, June 29th. Cantor Fitzgerald upped their price target on shares of Western Digital from $660.00 to $900.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Rosenblatt Securities increased their target price on Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Western Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and an average price target of $520.32.

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.