Teacher Retirement System of Texas Increases Holdings in Western Digital Corporation $WDC

Teacher Retirement System of Texas grew its stake in Western Digital Corporation (NASDAQ:WDC) by 10.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,888 shares of the data storage provider’s stock after acquiring an additional 5,386 shares during the quarter. Teacher Retirement System of Texas’ holdings in Western Digital were worth $6,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock valued at $1,698,000 after buying an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after buying an additional 967 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Western Digital during the second quarter valued at about $307,000. Ballentine Partners LLC acquired a new position in Western Digital in the 2nd quarter valued at about $354,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Western Digital in the second quarter valued at $267,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital Stock Performance

WDC opened at $240.85 on Tuesday. The stock’s 50 day moving average price is $184.11 and its two-hundred day moving average price is $132.01. The firm has a market capitalization of $82.35 billion, a P/E ratio of 35.06, a price-to-earnings-growth ratio of 1.13 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 Corporation has a 12-month low of $28.83 and a 12-month high of $250.44.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, October 30th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.21. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Western Digital had a return on equity of 30.89% and a net margin of 21.37%.Western Digital’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 EPS. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. On average, equities 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 declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. This is a boost from Western Digital’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 4th. Western Digital’s dividend payout ratio is currently 7.28%.

Analyst Ratings Changes

A number of analysts recently issued reports on WDC shares. JPMorgan Chase & Co. upped their target price on Western Digital from $94.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Bank of America increased their target price on Western Digital from $197.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Susquehanna increased their price objective on shares of Western Digital from $135.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. UBS Group lifted their target price on Western Digital from $145.00 to $230.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $165.00 price target on shares of Western Digital in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $206.29.

Insider Transactions at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $150.69, for a total transaction of $3,013,800.00. Following the sale, the chief executive officer owned 645,467 shares in the company, valued at approximately $97,265,422.23. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne Oulman sold 1,800 shares of Western Digital stock in a transaction 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 transaction, the director directly owned 3,863 shares of the company’s stock, valued at approximately $596,524.46. This trade represents a 31.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,816 shares of company stock worth $4,116,148. 0.18% of the stock is currently owned by 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.