Western Digital Corporation $WDC Position Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in Western Digital Corporation (NASDAQ:WDC) by 71.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,578 shares of the data storage provider’s stock after purchasing an additional 96,078 shares during the period. Handelsbanken Fonder AB’s holdings in Western Digital were worth $147,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. boosted its holdings in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares in the last quarter. Avion Wealth grew its position in Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after buying an additional 113 shares during the last quarter. Swiss RE Ltd. bought a new position in shares of Western Digital in the fourth quarter valued at $32,000. Valley Wealth Managers Inc. bought a new position in shares of Western Digital in the first quarter valued at $32,000. Finally, BOKF NA lifted its position in shares of Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 268 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Western Digital Trading Up 0.9%

NASDAQ:WDC opened at $438.34 on Tuesday. The firm has a market capitalization of $151.09 billion, a price-to-earnings ratio of 18.11 and a beta of 2.14. Western Digital Corporation has a 1-year low of $73.14 and a 1-year high of $799.87. The business’s fifty day moving average price is $563.45 and its 200 day moving average price is $420.25.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Tuesday, August 4th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.25. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the business earned $1.66 EPS. The business’s revenue for the quarter was up 43.8% on a year-over-year basis. Equities analysts forecast that Western Digital Corporation will post 18.21 earnings per share for the current year.

Western Digital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital’s dividend payout ratio is 2.48%.

Insider Buying and Selling

In other Western Digital news, Director Bruce E. Kiddoo sold 750 shares of the company’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 transaction, the director owned 3,903 shares in the company, valued at approximately $2,062,813.56. This represents a 16.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the sale, the insider owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. The trade was a 2.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 5,093 shares of company stock worth $2,751,337. 0.18% of the stock is owned by company insiders.

Trending Headlines about Western Digital

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

• Positive Sentiment: Western Digital reported fiscal fourth-quarter revenue of approximately $3.75 billion and net income of $3.20 billion, while full-year revenue reached $12.92 billion. Results exceeded expectations, and management said AI customers are negotiating multiyear storage agreements, improving demand visibility as data-intensive workloads expand. Western Digital earnings and dividend article
• Positive Sentiment: The company declared a $0.15-per-share cash dividend payable in September 2026, adding shareholder returns to an already strong earnings-growth narrative. Western Digital has also been highlighted as a potentially attractive discounted opportunity within the memory sector after its pullback. Memory sector stock article
• Neutral Sentiment: Recent commentary points to a broader memory-industry correction. SanDisk’s dramatic post-spinoff rally and subsequent pullback, along with Micron’s AI-related gains, are increasing volatility across storage and memory stocks. These developments may support long-term demand for Western Digital but also raise concerns about crowded AI trades and sector-wide profit taking. SanDisk breakout article
• Negative Sentiment: Analysts have become more cautious after the earnings rally. Summit Insights downgraded Western Digital to “Hold,” while Rosenblatt Securities lowered its price target to $800. The downgrades reinforce concerns that much of the expected AI and memory upside may already be reflected in the stock. Western Digital analyst downgrade
• Negative Sentiment: Investors are also questioning the durability of the cyclical upcycle. Commentary highlights Western Digital’s elevated valuation and the risk that memory shortages, supply responses or weaker demand could eventually pressure margins. Those concerns are contributing to the stock’s post-earnings decline despite strong reported results. Western Digital valuation and cycle article

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Summit Insights lowered Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. UBS Group cut their target price on Western Digital from $560.00 to $525.00 and set a “neutral” rating on the stock in a research report on Thursday. Susquehanna upped their target price on Western Digital from $360.00 to $500.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Morgan Stanley reiterated an “overweight” rating and issued a $676.00 price target on shares of Western Digital in a research report on Thursday. Finally, Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $534.56.

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.