Resona Asset Management Co. Ltd. Lowers Holdings in Western Digital Corporation $WDC

Resona Asset Management Co. Ltd. reduced its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 4.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 114,142 shares of the data storage provider’s stock after selling 4,746 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Western Digital were worth $13,641,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SYM FINANCIAL Corp bought a new position in shares of Western Digital during the 2nd quarter valued at about $225,000. Nordea Investment Management AB lifted its position in shares of Western Digital by 9.6% in the second quarter. Nordea Investment Management AB now owns 30,434 shares of the data storage provider’s stock worth $1,938,000 after buying an additional 2,656 shares in the last quarter. Greenleaf Trust bought a new position in Western Digital during the second quarter valued at approximately $233,000. Carnegie Investment Counsel bought a new position in Western Digital during the second quarter valued at approximately $358,000. Finally, Korea Investment CORP grew its holdings in Western Digital by 38.8% during the 2nd quarter. Korea Investment CORP now owns 276,078 shares of the data storage provider’s stock valued at $17,666,000 after buying an additional 77,111 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Trading Down 2.8%

Shares of WDC opened at $236.39 on Monday. The company’s fifty day simple moving average is $182.54 and its 200-day simple moving average is $130.77. The company has a market cap of $80.82 billion, a P/E ratio of 34.41, a P/E/G ratio of 1.13 and a beta of 1.78. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $247.94.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, October 30th. The data storage provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.57 by $0.21. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm posted $1.78 EPS. The firm’s revenue was up 27.4% compared to the same quarter last year. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. As a group, analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.125 per share. This is a positive change from Western Digital’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 4th. Western Digital’s payout ratio is currently 7.28%.

Analyst Upgrades and Downgrades

WDC has been the topic of several recent research reports. Robert W. Baird set a $180.00 price objective on Western Digital in a report on Friday, October 31st. Zacks Research upgraded shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Evercore ISI reissued an “outperform” rating and issued a $230.00 price objective on shares of Western Digital in a research note on Friday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of Western Digital from $94.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Loop Capital increased their price target on shares of Western Digital to $250.00 and gave the company a “buy” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.29.

Key Western Digital News

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

• Positive Sentiment: Multiple analyst upgrades and sizable price?target increases (Citigroup, Rosenblatt, Bank of America and others) have lifted sentiment and supported the rally into record highs. Forget the Chips, Buy Memory
• Positive Sentiment: AI-driven demand is rotating investor money from GPUs to storage — institutional flow into NAND/SSD and HDD suppliers is increasing pricing power and revenue visibility for WDC’s data?center HDDs and SSD roadmap. AI-money moving to storage
• Positive Sentiment: WDC has strong recent earnings?surprise history and Wall Street expects continued earnings growth; that raises the chance of another beat at the upcoming quarterly report. Will WDC beat estimates?
• Neutral Sentiment: Corporate cadence: WDC is hosting an Innovation Day and has raised its dividend — both can reinforce the narrative but are event?driven and dependent on execution/communication. Innovation Day / dividend context
• Neutral Sentiment: Insider activity: a small officer sale (447 shares) was disclosed; size and frequency indicate routine liquidity rather than management signaling. SEC filing
• Negative Sentiment: Price pullback today amid broader market strength — traders appear to be taking profits after WDC hit fresh 52?week/all?time highs. WDC stock dips while market gains
• Negative Sentiment: Valuation and cycle risk concerns: several commentators warn the rally could be stretched and exposed to a pullback if supply/pricing dynamics normalize or AI demand growth slows. Pullback risk analysis

Insiders Place Their Bets

In other Western Digital news, Director Roxanne Oulman sold 1,800 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $154.42, for a total value of $277,956.00. Following the sale, the director owned 3,863 shares in the company, valued at $596,524.46. This trade represents a 31.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kimberly Alexy sold 1,768 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total transaction of $272,272.00. Following the sale, the director directly owned 3,585 shares of the company’s stock, valued at $552,090. This represents a 33.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,816 shares of company stock valued at $4,116,148. 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.