Western Digital Corporation $WDC Position Lifted by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd grew its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 300.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,748 shares of the data storage provider’s stock after purchasing an additional 100,320 shares during the quarter. Western Digital makes up about 15.0% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 3rd biggest position. Central Asset Investments & Management Holdings HK Ltd’s holdings in Western Digital were worth $23,041,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WDC. WCM Investment Management LLC purchased a new position in shares of Western Digital during the 3rd quarter worth $791,317,000. Fred Alger Management LLC lifted its stake in shares of Western Digital by 4,923.9% during the 3rd quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock worth $409,049,000 after purchasing an additional 3,339,225 shares during the period. Soroban Capital Partners LP lifted its stake in shares of Western Digital by 1,926.3% during the 2nd 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 during the period. Polar Capital Holdings Plc purchased a new position in shares of Western Digital during the 3rd quarter worth $221,800,000. Finally, AQR Capital Management LLC raised its position in shares of Western Digital by 175.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,232,071 shares of the data storage provider’s stock worth $78,347,000 after buying an additional 784,645 shares during the period. Hedge funds and other 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: Memory-chip stocks, including Western Digital, Micron, SanDisk, and Seagate, are rising in premarket trading as investors continue to bet that AI infrastructure will keep driving strong demand for storage and memory components. Article Title
• Positive Sentiment: A new memory-focused ETF has surged, reinforcing the market’s belief that memory chips are a key bottleneck in AI buildout and supporting sentiment for Western Digital as an AI-storage beneficiary. Article Title
• Neutral Sentiment: Several outlets highlighted Western Digital as a strong AI/storage name and a possible undervalued stock, which can help support investor confidence but does not add new fundamental information. Article Title
• Neutral Sentiment: MarketBeat flagged WDC within a broader market caution note, but the piece is more about macro risk and sector rotation than a company-specific issue. Article Title
• Negative Sentiment: Western Digital was called out in a “memory supercycle” pullback as traders locked in gains across the memory and storage group, suggesting recent weakness may reflect profit-taking after a huge rally rather than a new business problem. Article Title
• Negative Sentiment: Another report said the entire memory and storage complex sold off together, with Western Digital dropping alongside Micron and SanDisk, which points to sector-wide rotation pressure on WDC. Article Title

Western Digital Trading Up 1.1%

Shares of NASDAQ WDC opened at $494.09 on Thursday. Western Digital Corporation has a 12-month low of $48.58 and a 12-month high of $525.15. The company has a market cap of $170.30 billion, a P/E ratio of 29.50 and a beta of 2.10. The stock has a fifty day moving average price of $342.96 and a 200 day moving average price of $252.65.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the firm earned $1.36 EPS. The firm’s quarterly 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, sell-side analysts forecast that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s payout ratio is currently 2.99%.

Analyst Ratings Changes

WDC has been the topic of several research reports. 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. Sanford C. Bernstein raised Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 target price on the stock in a research report on Tuesday, March 31st. Citigroup increased their target price on Western Digital from $405.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Bank of America increased their target price on Western Digital to $495.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, TD Cowen increased their target price on Western Digital from $325.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.83.

Insider Activity at Western Digital

In related news, insider Vidyadhara K. Gubbi sold 4,674 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the sale, the insider directly owned 90,041 shares in the company, valued at approximately $39,905,270.79. This represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $411.84, for a total value of $8,236,800.00. Following the completion of the sale, the chief executive officer owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 53,679 shares of company stock worth $18,049,314. Corporate insiders own 0.18% of the company’s stock.

Western Digital 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.