Oregon Public Employees Retirement Fund Grows Holdings in Western Digital Corporation $WDC

Oregon Public Employees Retirement Fund raised its position in shares of Western Digital Corporation (NASDAQ:WDC) by 31.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,667 shares of the data storage provider’s stock after purchasing an additional 9,430 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Western Digital were worth $4,762,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WDC. Geode Capital Management LLC raised its position in shares of Western Digital by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 9,305,289 shares of the data storage provider’s stock valued at $593,045,000 after purchasing an additional 186,030 shares during the period. Holocene Advisors LP boosted its holdings in Western Digital by 8.5% in the 2nd quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock worth $354,247,000 after buying an additional 431,419 shares during the period. Maple Rock Capital Partners Inc. increased its stake in Western Digital by 17.1% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 3,735,296 shares of the data storage provider’s stock worth $239,022,000 after buying an additional 545,500 shares in the last quarter. Norges Bank bought a new stake in Western Digital during the second quarter valued at about $220,680,000. Finally, Soroban Capital Partners LP lifted its position in shares of Western Digital by 1,926.3% in the second quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after acquiring an additional 2,910,062 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley increased their target price on Western Digital to $228.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Wedbush increased their price objective on shares of Western Digital from $90.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Mizuho set a $240.00 target price on shares of Western Digital in a report on Friday. Cowen restated a “buy” rating on shares of Western Digital in a research report on Friday, October 31st. Finally, Rosenblatt Securities lifted their price target on shares of Western Digital from $125.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Insider Buying and Selling

In other Western Digital news, Director Roxanne Oulman sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $154.42, for a total transaction of $277,956.00. Following the sale, the director directly owned 3,863 shares in the company, valued at $596,524.46. This represents a 31.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $150.69, for a total value of $3,013,800.00. Following the completion of the sale, the chief executive officer directly owned 645,467 shares of the company’s stock, valued at $97,265,422.23. The trade was a 3.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,369 shares of company stock valued at $4,013,785. Insiders own 0.18% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Intraday institutional order‑flow bullish signal (Power Inflow) triggered near $187.86, drawing buying interest and helping reverse an early pullback. Western Digital Shares Rise 5% After Key Trading Signal
• Positive Sentiment: Higher‑capacity HDDs and hyperscaler demand are cited as the main drivers of revenue growth and outlook improvement, supporting the firm’s core enterprise storage business and margins. Higher Capacity HDDs Drive Western Digital’s Revenue Growth
• Positive Sentiment: Momentum: coverage notes WDC has risen more than 9% YTD and enjoyed very strong gains in 2025, which can attract momentum and growth‑oriented flows. Western Digital Corporation (WDC) Has Risen More Than 9% Since the Start of 2026
• Positive Sentiment: Analyst/earnings setup: previews point to double‑digit EPS growth expectations ahead of Western Digital’s Q2 report, which reinforces the fundamental case for the rally. Western Digital Earnings Preview: What to Expect
• Neutral Sentiment: Unusually high options volume indicates elevated short‑term interest and positioning; could amplify intraday moves but is ambiguous on direction unless one can see call/put skew. Western Digital Sees Unusually High Options Volume (NASDAQ:WDC)
• Neutral Sentiment: Consumer SSD branding updates (WD Black/Blue → SanDisk Optimus collection) are product‑level news that support retail visibility but are unlikely to materially change near‑term enterprise revenue. WD Black and WD Blue gaming SSDs have transformed into the Sandisk Optimus Collection
• Negative Sentiment: Sector froth/risk: commentary on memory and chip stocks running hot raises the risk of an overheated trade and mean‑reversion if macro or AI demand narratives slow. That poses short‑term downside if momentum reverses. Memory Chip Stocks are Red-Hot. Is it Too Late to Buy?

Western Digital Trading Up 6.8%

Shares of WDC opened at $200.46 on Friday. The stock has a market capitalization of $68.54 billion, a PE ratio of 29.18, a P/E/G ratio of 1.24 and a beta of 1.78. The company’s fifty day moving average is $169.97 and its 200 day moving average is $119.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $221.23.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data 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 business had revenue of $4.10 billion during the quarter. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. Sell-side analysts expect that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $0.125 dividend. This is an increase from Western Digital’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, December 4th. Western Digital’s dividend payout ratio (DPR) is 7.28%.

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.