Monolith Management Ltd Makes New Investment in Western Digital Corporation $WDC

Monolith Management Ltd bought a new position in Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, Holdings Channel reports. The firm bought 1,900 shares of the data storage provider’s stock, valued at approximately $228,000. Western Digital comprises about 0.1% of Monolith Management Ltd’s portfolio, making the stock its 15th largest holding.

Several other hedge funds also recently added to or reduced their stakes in WDC. Mirae Asset Global Investments Co. Ltd. raised its position in Western Digital by 12.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock worth $6,281,000 after acquiring an additional 5,731 shares during the period. LBP AM SA acquired a new position in Western Digital in the third quarter valued at about $641,000. AustralianSuper Pty Ltd purchased a new position in shares of Western Digital during the third quarter worth $34,244,000. Moloney Securities Asset Management LLC acquired a new position in shares of Western Digital in the third quarter valued at approximately $636,000. Finally, New York State Common Retirement Fund grew its position in shares of Western Digital by 35.3% during the third quarter. New York State Common Retirement Fund now owns 234,245 shares of the data storage provider’s stock worth $28,123,000 after buying an additional 61,166 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

Western Digital Stock Performance

WDC stock opened at $266.22 on Wednesday. The stock’s 50 day simple moving average is $249.83 and its 200 day simple moving average is $175.86. 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 12-month low of $28.83 and a 12-month high of $309.90. The firm has a market cap of $90.26 billion, a P/E ratio of 26.70, a P/E/G ratio of 0.60 and a beta of 1.76.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the business posted $1.77 EPS. The company’s quarterly revenue was up 25.2% on a year-over-year basis. As a group, equities research analysts predict that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

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

Insider Activity

In related news, CEO Irving Tan sold 20,000 shares of Western Digital 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 sale, the chief executive officer directly owned 623,586 shares in the company, valued at $159,288,807.84. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the sale, the insider owned 121,682 shares in the company, valued at $32,643,630.14. This trade represents a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 92,795 shares of company stock valued at $24,265,884. Company insiders own 0.18% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Management is publicly targeting >50% gross margins and EPS north of $20 (management called $20+ a floor), comments that underpin a higher‑profitability narrative and support valuation. Western Digital Corporation (WDC) Sets Sights on 50%+ Gross Margin and EPS $20+
• Positive Sentiment: WDC has completed the pivot to a pure HDD company, reporting long‑term supply deals with hyperscale cloud customers, production capacity fully committed through 2026 and agreements extending to 2028 — a revenue visibility and cash‑flow positive development after the Flash divestiture and a $3.1B stake sale/debt reduction. Western Digital Bets On Pure HDD Future Tied To Hyperscale Demand
• Positive Sentiment: Analysts (Zacks, Wells Fargo coverage referenced) are highlighting the storage sector pullback as a buying opportunity given rising AI/cloud storage demand; this analyst tone can lift investor sentiment and provide multiple catalysts for further upside. The Zacks Analyst Blog Western Digital, Seagate Technology and Sandisk
• Neutral Sentiment: WDC is drawing heightened retail/investor attention (rising search and coverage), which can increase short‑term volatility and volume — useful for liquidity but mixed for directional certainty. Investors Heavily Search Western Digital Corporation (WDC): Here is What You Need to Know
• Neutral Sentiment: The breakout performance of spun‑off SanDisk (SNDK) — now a multi‑bagger — is drawing headlines and investor capital; this can be a distraction or a positive signal for storage demand, depending on whether investors view WDC’s HDD focus as the better play. 5 Reasons Why Sandisk Can Rise Another 1,500%
• Negative Sentiment: An insider (Vidyadhara K. Gubbi) sold 8,518 shares at an average $255.32 (~7.9% reduction of that holding), a disclosure that can create short‑term selling pressure or prompt investor questions about timing and motives. SEC filing

Analysts Set New Price Targets

Several equities analysts have issued reports on WDC shares. Wall Street Zen lowered Western Digital from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Wedbush reiterated an “outperform” rating and set a $325.00 target price on shares of Western Digital in a research report on Monday, February 9th. New Street Research set a $250.00 target price on shares of Western Digital in a research note on Tuesday, February 3rd. Evercore reissued an “outperform” rating and issued a $230.00 target price on shares of Western Digital in a research report on Friday, January 16th. Finally, TD Cowen increased their price objective on shares of Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and an average price target of $265.58.

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.