Pictet Asset Management Holding SA Has $58.32 Million Holdings in Western Digital Corporation $WDC

Pictet Asset Management Holding SA trimmed its position in shares of Western Digital Corporation (NASDAQ:WDC) by 37.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,749 shares of the data storage provider’s stock after selling 126,767 shares during the period. Pictet Asset Management Holding SA’s holdings in Western Digital were worth $58,316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd acquired a new stake in shares of Western Digital in the third quarter valued at approximately $34,244,000. Cantor Fitzgerald L. P. increased its holdings in shares of Western Digital by 399.8% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after acquiring an additional 25,987 shares during the last quarter. NorthCrest Asset Manangement LLC raised its stake in Western Digital by 75.4% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock valued at $1,778,000 after acquiring an additional 4,068 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in Western Digital in the 4th quarter valued at $2,270,000. Finally, WESPAC Advisors LLC acquired a new stake in Western Digital during the 4th quarter valued at $793,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WDC shares. Evercore reaffirmed an “outperform” rating and set a $575.00 price objective on shares of Western Digital in a research report on Tuesday, May 26th. Zacks Research upgraded shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein raised shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 target price for the company in a report on Tuesday, March 31st. Citigroup upped their price target on shares of Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Western Digital from $530.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $484.04.

Western Digital Price Performance

WDC stock opened at $651.80 on Tuesday. Western Digital Corporation has a fifty-two week low of $62.94 and a fifty-two week high of $799.87. The stock has a market capitalization of $224.66 billion, a price-to-earnings ratio of 38.91 and a beta of 2.13. The business’s fifty day moving average price is $523.80 and its two-hundred day moving average price is $349.26.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. Western Digital’s quarterly revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Research analysts expect that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s payout ratio is presently 3.58%.

Key Western Digital News

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

• Positive Sentiment: Melius Research initiated coverage of Western Digital with a Buy rating and a price target implying roughly 55% upside, which is helping drive buying interest in the stock. Seagate (STX), Western Digital (WDC) Stocks Soar as Melius Assigns Buy Rating
• Positive Sentiment: Options activity also looks bullish, with more call buying than put buying, suggesting traders expect further gains in WDC. Analysts See 55% Upside in Seagate and Western Digital Despite Chip Sector Weakness
• Positive Sentiment: Western Digital is also benefiting from broader strength in AI infrastructure and memory demand, as investors rotate toward storage names tied to long-term data center growth. 3 AI Infrastructure Stocks Up 500%+ With More Upside in 2H 2026
• Positive Sentiment: The stock is also being lifted by a sector-wide rally after strong Micron results reinforced the view that AI-related memory and storage demand remains robust. Micron Falls 5%, SanDisk Drops 7%, but Western Digital Climbs 6%: What’s Behind the Memory-Storage Split?

Insider Buying and Selling at Western Digital

In other Western Digital news, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total transaction of $396,390.00. Following the transaction, the director owned 3,903 shares in the company, valued at $2,062,813.56. This represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 29,322 shares of company stock worth $12,768,550. 0.18% of the stock is currently owned by company insiders.

About Western Digital

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.