196,393 Shares in Western Digital Corporation $WDC Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 196,393 Western Digital shares worth approximately $125.4 million during the second quarter, while institutional investors collectively own 92.51% of the company.
• Western Digital reported quarterly EPS of $3.56, exceeding estimates of $3.31, and revenue of $3.75 billion, up 43.8% year over year. The company issued Q1 2027 EPS guidance of $3.85–$4.15.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $534.56; however, insiders have sold 25,437 shares worth $11.46 million over the past 90 days.

Nykredit A S bought a new position in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 196,393 shares of the data storage provider's stock, valued at approximately $125,440,000. Nykredit A S owned 0.06% of Western Digital as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Range Advisory LLC acquired a new position in shares of Western Digital during the second quarter worth about $369,000. Cornerstone Financial Management LLC raised its position in Western Digital by 37.8% in the 2nd quarter. Cornerstone Financial Management LLC now owns 175 shares of the data storage provider's stock valued at $112,000 after buying an additional 48 shares during the last quarter. Formuepleje A S acquired a new stake in Western Digital in the 2nd quarter valued at approximately $1,505,000. Tucker Asset Management LLC lifted its stake in Western Digital by 73.4% in the 2nd quarter. Tucker Asset Management LLC now owns 1,474 shares of the data storage provider's stock valued at $941,000 after acquiring an additional 624 shares in the last quarter. Finally, Tobias Financial Advisors Inc. bought a new stake in Western Digital in the 2nd quarter valued at approximately $436,000. Institutional investors own 92.51% of the company's stock.

Western Digital Trading Up 1.7%

Shares of WDC opened at $423.87 on Friday. The company has a market cap of $146.10 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.77 and a beta of 2.13. Western Digital Corporation has a 1-year low of $102.00 and a 1-year high of $799.87. The company's fifty day simple moving average is $482.23 and its 200 day simple moving average is $457.16.

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

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, September 8th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital's dividend payout ratio (DPR) is presently 2.48%.

Insiders Place Their Bets

In other Western Digital news, insider Cynthia 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 in the company, valued at $53,650,465.80. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara Gubbi sold 1,795 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 80,571 shares of the company's stock, valued at approximately $37,052,185.77. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,437 shares of company stock valued at $11,461,345 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WDC. Evercore reaffirmed an "outperform" rating and set a $575.00 price target on shares of Western Digital in a research note on Tuesday, May 26th. TD Cowen boosted their price objective on shares of Western Digital from $500.00 to $540.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. UBS Group reduced their target price on shares of Western Digital from $560.00 to $525.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Citigroup decreased their target price on shares of Western Digital from $800.00 to $740.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Finally, Bank of America lifted their price target on shares of Western Digital from $610.00 to $732.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Western Digital presently has an average rating of "Moderate Buy" and an average target price of $534.56.

About Western Digital

Western Digital Corporation NASDAQ: WDC develops, manufactures and sells data storage products and solutions for data centers, cloud service providers, enterprises, businesses and consumers. Its portfolio is centered on hard disk drives (HDDs), including high-capacity enterprise drives used in cloud and data center environments, as well as products for network-attached storage, surveillance and personal computing.

The company markets products under brands including Western Digital, WD, WD_BLACK and Ultrastar.

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