OVERSEA CHINESE BANKING Corp Ltd Invests $274,000 in Western Digital Corporation $WDC

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Western Digital Corporation (NASDAQ:WDC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,591 shares of the data storage provider’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Western Digital by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock worth $5,196,484,000 after purchasing an additional 243,177 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Western Digital in the 3rd quarter valued at approximately $791,317,000. Northern Trust Corp increased its holdings in shares of Western Digital by 11.2% in the 3rd quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock valued at $456,884,000 after acquiring an additional 384,103 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Western Digital by 11.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock valued at $456,737,000 after acquiring an additional 402,981 shares during the last quarter. Finally, Fred Alger Management LLC increased its holdings in shares of Western Digital by 4,923.9% in the 3rd quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock valued at $409,049,000 after acquiring an additional 3,339,225 shares during the last quarter. Institutional investors 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: Wall Street price?target raises and analyst upgrades (Barclays, JPMorgan, BofA and others) have driven buy interest and momentum into the earnings print. Read More.
• Positive Sentiment: Broader AI storage optimism — demand from cloud/AI customers and WDC’s high?capacity HDD roadmap (40TB?class drives in qualification) support expectations for stronger revenue and margin recovery. Read More.
• Positive Sentiment: Recent earnings history and near?term expectations point to another beat — analysts and trade commentary highlight WDC’s ability to beat consensus, boosting investor positioning. Read More.
• Positive Sentiment: Peer/sector strength (Micron and memory group) and dedicated memory ETF flows are pulling large?cap storage names like WDC higher as investors chase exposure to AI?fuelled demand. Read More.
• Neutral Sentiment: Western Digital published its FY2025 sustainability report emphasizing energy efficiency and recycled?content initiatives — helpful for ESG investor positioning but limited immediate revenue impact. Read More.
• Neutral Sentiment: Management will appear at multiple investor conferences (Barclays, J.P. Morgan, Bank of America) in May–June, which could provide clearer guidance and sustain analyst coverage. Read More.
• Positive Sentiment: SanDisk/diversified end?market exposure (NAND + HDD + enterprise systems) is being highlighted as a revenue?resilience factor versus pure NAND peers. Read More.
• Negative Sentiment: Rapid share gains have pushed valuation metrics higher; commentators warn a stretched multiple increases pullback risk if AI demand or margin assumptions disappoint. Read More.
• Negative Sentiment: Notable insider selling activity (disclosed Rule 10b5?1 sales such as Cynthia Tregillis) is being flagged by trackers — routine for many executives but worth monitoring for signal/size. Read More.

Western Digital Price Performance

Shares of WDC opened at $403.12 on Friday. Western Digital Corporation has a 12 month low of $38.19 and a 12 month high of $416.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The company has a market cap of $136.67 billion, a P/E ratio of 40.43, a PEG ratio of 0.82 and a beta of 1.77. The stock has a fifty day moving average price of $302.04 and a 200 day moving average price of $223.18.

Western Digital (NASDAQ:WDC) last posted its 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. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. Western Digital’s quarterly revenue was up 25.2% on a year-over-year basis. On average, research analysts forecast that Western Digital Corporation will post 8.47 earnings per share for the current year.

Western Digital Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WDC shares. Robert W. Baird set a $310.00 price target on Western Digital in a report on Monday, February 2nd. Sanford C. Bernstein raised shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective for the company in a research report on Tuesday, March 31st. New Street Research set a $250.00 price objective on shares of Western Digital in a research report on Tuesday, February 3rd. Susquehanna reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Western Digital in a research report on Friday, February 6th. Finally, Weiss Ratings raised shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and an average price target of $310.79.

Insiders Place Their Bets

In other news, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total value of $9,616,638.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cynthia L. Tregillis sold 9,324 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 92,711 shares of company stock worth $24,300,404. 0.18% of the stock is owned by company 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.