Western Digital Corporation $WDC Stock Position Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its position in Western Digital Corporation (NASDAQ:WDC) by 37.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397,574 shares of the data storage provider’s stock after selling 233,106 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Western Digital were worth $180,681,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its stake in Western Digital by 71.4% in the second quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock valued at $147,275,000 after purchasing an additional 96,078 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Western Digital in the second quarter valued at about $19,694,000. NewEdge Wealth LLC acquired a new stake in shares of Western Digital during the second quarter worth about $14,466,000. OneAscent Financial Services LLC acquired a new stake in shares of Western Digital during the second quarter worth about $1,599,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of Western Digital during the second quarter worth about $8,307,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WDC shares. Wedbush raised their price target on Western Digital from $540.00 to $650.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Morgan Stanley reduced their price objective on Western Digital from $676.00 to $643.00 and set an “overweight” rating for the company in a research note on Tuesday. Susquehanna increased their price objective on Western Digital from $360.00 to $500.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Robert W. Baird set a $630.00 target price on Western Digital in a research note on Thursday, August 6th. Finally, Rosenblatt Securities dropped their target price on Western Digital from $900.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $607.04.

Western Digital Stock Performance

Shares of WDC stock opened at $364.32 on Wednesday. The stock has a fifty day moving average price of $439.65 and a 200 day moving average price of $479.46. The stock has a market cap of $136.37 billion, a PE ratio of 15.05, a P/E/G ratio of 1.49 and a beta of 2.11. Western Digital Corporation has a 1 year low of $117.23 and a 1 year high of $799.87.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.25. Western Digital had a return on equity of 48.15% and a net margin of 72.95%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the business posted $1.66 earnings per share. The business’s revenue for the quarter was up 43.8% on a year-over-year basis. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, equities research analysts predict that Western Digital Corporation will post 19.65 earnings per share for the current year.

Western Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, September 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 8th. Western Digital’s dividend payout ratio is presently 2.48%.

Insider Buying and Selling at Western Digital

In related news, insider Cynthia L. Tregillis sold 1,007 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $478.36, for a total value of $481,708.52. Following the sale, the insider owned 112,155 shares of the company’s stock, valued at approximately $53,650,465.80. This represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 1,795 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $459.87, for a total value of $825,466.65. Following the sale, the insider directly owned 80,571 shares in the company, valued at approximately $37,052,185.77. The trade was a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 24,629 shares of company stock worth $11,033,404. 0.20% of the stock is owned by corporate insiders.

Trending Headlines about Western Digital

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

• Positive Sentiment: Morgan Stanley said it expects Western Digital to deliver strong quarterly results and better-than-expected guidance, despite recent worries about AI financing and competition. The firm’s analyst called Western Digital and Seagate Technology “aggressive buys,” supporting the broader rebound in storage stocks. Seagate, Western Digital stocks gain as this analyst sees 80% upside
• Positive Sentiment: Western Digital is viewed as an AI infrastructure beneficiary because data centers require substantial hard-drive capacity. Investor attention is rising ahead of earnings, which could validate whether AI-driven storage demand is translating into stronger results and guidance. META Earnings & 2 Other AI-Related Reports to Watch This Week
• Neutral Sentiment: Morgan Stanley raised its Seagate price target but lowered its Western Digital target to $643 from $676. The revised target still implies substantial potential upside, but the reduction suggests analysts see some uncertainty in the near-term outlook. Seagate and Western Digital Stocks Sank Last Week
• Negative Sentiment: Jim Cramer warned that Western Digital and SanDisk could be among the most vulnerable stocks if data-center capacity expansion slows. Because recent profits and valuation enthusiasm are closely tied to AI infrastructure spending, any pullback could pressure earnings expectations and the share price. Cramer warns SanDisk and Western Digital are worst stocks if data center capacity shrinks

About Western Digital

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.