Western Digital Corporation $WDC Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 2.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,223 shares of the data storage provider’s stock after purchasing an additional 2,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Western Digital were worth $15,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDC. Private Wealth Management Group LLC increased its position in shares of Western Digital by 102.5% in the second quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock worth $26,000 after acquiring an additional 202 shares in the last quarter. Rakuten Securities Inc. increased its holdings in Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after buying an additional 407 shares during the period. NewSquare Capital LLC grew its stake in shares of Western Digital by 86.9% in the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 205 shares during the period. Grove Bank & Trust bought a new stake in Western Digital in the third quarter valued at $30,000. Finally, CNB Bank bought a new stake in Western Digital during the second quarter worth about $37,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Nvidia’s CES keynote and broader storage-sector enthusiasm sparked a large rally in memory/storage names, boosting WDC to new highs as markets priced in stronger AI-driven storage demand. Western Digital (WDC) Stock: Memory Storage Names Explode After Nvidia CES Keynote
• Positive Sentiment: Inclusion in the Nasdaq-100 was cited as validation of Western Digital’s strategic shift toward AI/data-center storage, supporting institutional demand and credibility. Western Digital’s Nasdaq-100 Entry Caps Its AI-Driven Comeback
• Positive Sentiment: Macro/sector tailwinds: analysts and commentators point to an AI-driven RAM/DRAM shortage and heated memory-chip buying early in 2026, which should lift demand for WDC’s storage products. Memory Chip Stocks are Red-Hot. Is it Too Late to Buy?
• Positive Sentiment: Firm-level demand signs: investor letters and press coverage point to accelerated Q4 demand that helped WDC’s recent performance, reinforcing momentum into the next quarter. Accelerated Demand Lifted Western Digital Corp (WDC) in Q4
• Positive Sentiment: Analysts expect double-digit EPS growth for the coming quarter, a near-term fundamental catalyst ahead of earnings. Western Digital Earnings Preview: What to Expect
• Neutral Sentiment: Product refresh: SanDisk (WD’s consumer brand) rebranded/updated the Blue and Black SSD lines — positive for product-cycle freshness but not a major revenue inflection by itself. Sandisk Gives Its Western Digital Blue and Black Lineups a Makeover
• Neutral Sentiment: Unusually large call-option activity was recorded (speculative bullish positioning), which can increase short-term volatility but isn’t a guaranteed directional signal.
• Negative Sentiment: Profit-taking and volatility risk after the rapid run-up: several articles flagged a 15–17% intraday surge earlier in the week, making a near-term pullback or rotation likely as traders lock gains. Western Digital (WDC) Surges 16.8%: Is This an Indication of Further Gains?

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Western Digital to $228.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. raised their price objective on shares of Western Digital from $94.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Western Digital in a research note on Monday, December 29th. Robert W. Baird set a $180.00 price target on Western Digital in a report on Friday, October 31st. Finally, Wedbush raised their target price on Western Digital from $90.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. 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 stock. Based on data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and an average price target of $173.65.

Western Digital Price Performance

Shares of Western Digital stock opened at $187.68 on Friday. The business has a 50 day moving average of $168.96 and a 200 day moving average of $117.70. Western Digital Corporation has a 52 week low of $28.83 and a 52 week high of $221.23. The company has a market cap of $64.17 billion, a PE ratio of 27.32, a P/E/G ratio of 1.23 and a beta of 1.78. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.42.

Western Digital (NASDAQ:WDC) last announced its earnings results on Monday, April 7th. The data storage provider reported $1.78 EPS for the quarter. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. The firm had revenue of $4.10 billion for the quarter. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. As a group, equities research analysts forecast that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 4th. This is a positive change from Western Digital’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 0.3%. Western Digital’s dividend payout ratio is presently 7.28%.

Insider Activity at Western Digital

In other news, Director Roxanne Oulman sold 1,800 shares of Western Digital stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total transaction of $277,956.00. Following the transaction, the director owned 3,863 shares in the company, valued at $596,524.46. This trade represents a 31.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 approximately $552,090. The trade was a 33.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,369 shares of company stock worth $4,013,785 in the last three months. 0.18% of the stock is currently owned by company insiders.

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.