Western Digital Corporation $WDC Shares Bought by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan grew its holdings in Western Digital Corporation (NASDAQ:WDC) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,996 shares of the data storage provider’s stock after acquiring an additional 5,875 shares during the period. Nissay Asset Management Corp Japan’s holdings in Western Digital were worth $65,786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WDC. Handelsbanken Fonder AB lifted its stake in shares of Western Digital by 71.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock valued at $147,275,000 after acquiring an additional 96,078 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Western Digital by 33.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock worth $193,303,000 after acquiring an additional 282,156 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Western Digital in the 4th quarter worth approximately $20,889,000. World Investment Advisors increased its stake in Western Digital by 145.8% in the 4th quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock worth $1,025,000 after purchasing an additional 3,529 shares during the period. Finally, Win Advisors Inc. bought a new stake in Western Digital in the fourth quarter valued at approximately $1,233,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Key Western Digital News

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

• Positive Sentiment: Western Digital’s long-term outlook remains supported by demand for AI infrastructure, cloud computing, enterprise storage, automotive systems and other data-intensive applications. Analysts at Zacks continue to identify WDC as a potential beneficiary of strong memory and storage demand, particularly following Nvidia’s solid results. 4 High-Flying Memory and Storage Giants
• Positive Sentiment: The company’s latest quarterly results provide fundamental support: revenue rose 43.8% year over year to $3.75 billion, while earnings of $3.56 per share exceeded expectations. Guidance for $3.85 to $4.15 in next-quarter EPS also remains constructive.
• Positive Sentiment: Wall Street’s consensus remains bullish, with a “Moderate Buy” rating and an average price target above the current trading level. Several firms have cited continued AI and storage demand as reasons for further upside. Wall Street’s Bullish Views on WDC
• Neutral Sentiment: Insider Cynthia Tregillis sold a small portion of her holdings under a pre-arranged Rule 10b5-1 trading plan. The transactions modestly reduce her position but do not necessarily signal deteriorating confidence. Cynthia Tregillis Insider Transactions
• Negative Sentiment: Memory and storage stocks sold off even after Nvidia reported strong results, suggesting investors are taking profits from an extended AI trade and differentiating among suppliers. Western Digital’s underperformance versus peers has amplified concern that expectations or valuation may have become too aggressive. Why Memory Stocks Fell Despite Nvidia’s Results

Insider Transactions at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the transaction, the chief executive officer owned 575,966 shares in the company, valued at $256,287,591.02. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 1,007 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $478.36, for a total value of $481,708.52. Following the transaction, the insider directly owned 112,155 shares in the company, valued at approximately $53,650,465.80. The trade was a 0.89% decrease in their ownership of the stock. 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. Insiders sold 26,117 shares of company stock worth $12,053,353 over the last quarter. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WDC shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $400.00 price target on shares of Western Digital in a report on Friday, May 1st. UBS Group decreased their price objective on shares of Western Digital from $560.00 to $525.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Robert W. Baird set a $630.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. Summit Insights lowered shares of Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Susquehanna raised their target price on Western Digital from $360.00 to $500.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $534.56.

Western Digital Price Performance

Shares of Western Digital stock opened at $459.45 on Friday. The company has a 50-day moving average of $526.99 and a 200 day moving average of $439.63. The firm has a market cap of $158.36 billion, a price-to-earnings ratio of 18.98 and a beta of 2.14. Western Digital Corporation has a 1 year low of $77.90 and a 1 year high of $799.87.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.25. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the prior year, the business posted $1.66 EPS. The firm’s quarterly revenue was up 43.8% compared to the same quarter last year. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. On average, equities analysts anticipate that Western Digital Corporation will post 19.65 EPS for the current year.

Western Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Tuesday, September 8th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is presently 2.48%.

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.