Western Digital Corporation $WDC Shares Sold by Talos Eurisko Asset Management LP

Talos Eurisko Asset Management LP reduced its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 53.8% in the 4th quarter, HoldingsChannel reports. The fund owned 206,834 shares of the data storage provider’s stock after selling 241,239 shares during the quarter. Western Digital accounts for approximately 6.3% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 5th biggest holding. Talos Eurisko Asset Management LP’s holdings in Western Digital were worth $35,631,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Western Digital by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock worth $5,196,484,000 after acquiring an additional 243,177 shares in the last quarter. Norges Bank acquired a new position in shares of Western Digital during the 4th quarter worth about $788,729,000. Northern Trust Corp boosted its position in shares of Western Digital by 11.2% during the 3rd quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock worth $456,884,000 after acquiring an additional 384,103 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Western Digital by 11.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock worth $456,737,000 after acquiring an additional 402,981 shares in the last quarter. Finally, Fred Alger Management LLC lifted its holdings in shares of Western Digital by 4,923.9% in the 3rd quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock valued at $409,049,000 after purchasing an additional 3,339,225 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the completion of the transaction, the insider directly owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This represents a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the completion of the transaction, the director directly owned 3,903 shares of the company’s stock, valued at $2,062,813.56. The trade was a 16.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 29,322 shares of company stock valued at $12,768,550. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WDC. Citigroup upped their target price on Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their target price on Western Digital from $530.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group upped their target price on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their target price on Western Digital from $500.00 to $575.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Sanford C. Bernstein raised Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective for the company in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $450.46.

More Western Digital News

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

• Positive Sentiment: Morgan Stanley reiterated an Overweight rating and raised its price target, helping fuel the stock’s latest surge and signaling continued Wall Street confidence in Western Digital’s HDD growth story. Article Title
• Positive Sentiment: Analysts and market coverage continue to point to AI-driven storage demand and tighter supply as catalysts for stronger pricing and margins across Western Digital and peers like Seagate and Micron. Article Title
• Positive Sentiment: The stock also benefited from broader risk-on market sentiment, with futures moving higher on easing geopolitical tensions and lower bond yields, which supported high-beta technology names. Article Title
• Positive Sentiment: Recent reports noted Western Digital hitting all-time highs after the analyst upgrade, reflecting momentum buying and investor optimism around improving fundamentals and capital returns. Article Title

Western Digital Stock Up 16.1%

WDC opened at $653.53 on Tuesday. The business has a 50 day moving average price of $454.40 and a two-hundred day moving average price of $312.52. The company has a market cap of $225.26 billion, a PE ratio of 39.02 and a beta of 2.13. Western Digital Corporation has a 52 week low of $56.26 and a 52 week high of $658.80.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The firm’s revenue was up 45.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, sell-side analysts expect that Western Digital Corporation will post 9.6 EPS for the current fiscal year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.15 per share. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 3.58%.

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.