Pinpoint Asset Management Singapore Pte. Ltd. Buys Shares of 15,107 Western Digital Corporation $WDC

Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Western Digital Corporation (NASDAQ:WDC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,107 shares of the data storage provider’s stock, valued at approximately $1,814,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Western Digital by 12.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after acquiring an additional 5,731 shares during the period. LBP AM SA bought a new stake in Western Digital in the third quarter valued at approximately $641,000. AustralianSuper Pty Ltd acquired a new stake in Western Digital in the third quarter worth $34,244,000. Moloney Securities Asset Management LLC bought a new position in shares of Western Digital during the third quarter worth $636,000. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Western Digital by 7.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 118,888 shares of the data storage provider’s stock valued at $7,594,000 after buying an additional 7,913 shares during the period. Institutional investors own 92.51% of the company’s stock.

Insider Activity

In other news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This trade represents a 7.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the completion of the sale, the chief executive officer directly owned 623,586 shares in the company, valued at approximately $159,288,807.84. The trade was a 3.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 84,277 shares of company stock worth $22,091,068. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on WDC. Loop Capital raised their price objective on Western Digital to $250.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Susquehanna reaffirmed a “neutral” rating and set a $285.00 price target on shares of Western Digital in a research report on Friday, February 6th. Argus set a $300.00 price objective on Western Digital in a research report on Tuesday, February 3rd. Evercore reissued an “outperform” rating and set a $230.00 target price on shares of Western Digital in a research note on Friday, January 16th. Finally, Mizuho lifted their price target on shares of Western Digital to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $265.58.

More Western Digital News

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

• Positive Sentiment: Company completed the spin‑off of its flash business and repositioned as a pure‑play HDD supplier, reportedly selling a ~$3.1B stake and securing long‑term hyperscaler agreements that fully book HDD production through at least 2028 — this improves cash, reduces leverage and gives multi‑year revenue visibility. Western Digital Bets On Pure HDD Future With Hyperscaler AI Demand
• Positive Sentiment: Management and analysts highlight sold‑out nearline/HDD capacity for 2026 and guidance pointing to material revenue and margin expansion driven by AI (video, large‑model data), underpinning a structural re‑rating story. Western Digital: AI’s Unsung Storage Backbone
• Neutral Sentiment: Options flow and institutional activity show heightened trading interest — large option bets and increased analyst coverage keep liquidity high but also increase short‑term volatility. Western Digital’s Options: A Look at What the Big Money is Thinking
• Neutral Sentiment: Consumer retail promotions and pricing anomalies (e.g., SSD deals) create short‑term retail noise but have limited impact on the enterprise HDD thesis that’s driving the stock. This 2TB WD SN850X is cheaper from Walmart than the equivalent 1TB model in a strange deal
• Negative Sentiment: Multiple insider sales were disclosed (senior execs sold shares on March 4), which can sap near‑term sentiment even if sales are for diversification; investors often view clustered executive selling as a caution flag. Western Digital (NASDAQ:WDC) Insider Sells $2,501,349.48 in Stock
• Negative Sentiment: Analysts warn of valuation and cyclical peak risk — some argue recent gains price in peak AI storage demand and a pullback or normalization in hyperscaler buying could trigger downside. Market anxiety after a very large prior run (and a recent sharp sell‑off episode) contributes to heavier profit‑taking. Western Digital: Strong AI Tailwinds, But Valuation Signals Cyclical Peak Risk What Drove WDC Stock’s Historic 490% Jump

Western Digital Stock Down 5.3%

Western Digital stock opened at $245.25 on Monday. The company has a fifty day simple moving average of $246.38 and a 200 day simple moving average of $173.21. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $309.90. The company has a market cap of $83.15 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 0.56 and a beta of 1.76.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the company earned $1.77 EPS. Western Digital’s revenue for the quarter was up 25.2% compared to the same quarter last year. Research analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital’s payout ratio is presently 5.02%.

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.