BI Asset Management Fondsmaeglerselskab A S Has $45.31 Million Holdings in Western Digital Corporation $WDC

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Western Digital Corporation (NASDAQ:WDC - Free Report) by 345.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 263,008 shares of the data storage provider's stock after purchasing an additional 204,018 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.08% of Western Digital worth $45,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Western Digital by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider's stock worth $1,698,000 after buying an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Western Digital by 229.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider's stock worth $56,000 after buying an additional 967 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Western Digital during the second quarter worth $307,000. Cresset Asset Management LLC acquired a new position in Western Digital during the second quarter worth $292,000. Finally, Federated Hermes Inc. increased its holdings in Western Digital by 55.3% during the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider's stock worth $152,000 after buying an additional 845 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at $246,342,096. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed 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, Director Bruce E. Kiddoo sold 750 shares of the firm's stock in a transaction 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 trade represents a 16.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,322 shares of company stock valued at $12,768,550 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Western Digital News Roundup

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

• Positive Sentiment: Western Digital is benefiting from strong investor enthusiasm around AI-driven storage demand, with recent articles highlighting new AI-focused storage technologies, improved analyst valuation estimates, and expectations for firmer HDD and memory pricing. Why Western Digital (WDC) Is Up 12.0% After Unveiling New AI‑Focused Storage Technologies
• Positive Sentiment: Citigroup reportedly raised its price target on Western Digital by 37%, helping push the stock to fresh highs as investors positioned ahead of the company’s Computex-related AI announcements. Western Digital (WDC) Hits All-Time High as Citi Hikes PT by 37%
• Positive Sentiment: The company has also been cleaning up its balance sheet and making more AI-related moves, which some investors view as supporting additional upside. Western Digital Could Be Halfway Through Retiring 2028 Convertible Debt. What It Means for the Stock.
• Neutral Sentiment: Western Digital’s recent earnings were strong, with the company beating estimates and issuing upbeat guidance, but the stock still saw a short-term dip as some traders appeared to take profits after a big run. Western Digital (WDC) Stock Dips 3% Despite Strong Earnings—Should Investors Buy the Pullback?
• Neutral Sentiment: Recent coverage also notes that the broader market and semiconductor stocks have been choppy, with Broadcom’s cautious AI outlook pressuring memory names like Western Digital even after the company’s strong news flow. MU, SNDK, WDC: Memory Stocks Dip As Broadcom’s Forecast Dampens AI Sentiment, Retail Turns Buyer
• Negative Sentiment: One near-term headwind is profit-taking after Western Digital’s rapid run-up to all-time highs, which has led to some price weakness despite the longer-term bullish narrative. Western Digital (WDC) Stock Dips While Market Gains: Key Facts

Analyst Ratings Changes

A number of research firms have commented on WDC. Mizuho set a $470.00 price objective on shares of Western Digital in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Western Digital from $320.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. Wedbush restated an "outperform" rating and issued a $325.00 price target on shares of Western Digital in a research note on Monday, February 9th. Rosenblatt Securities upped their price target on shares of Western Digital from $340.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Western Digital from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. One investment 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $424.33.

Western Digital Price Performance

Western Digital stock opened at $511.72 on Friday. The business has a 50 day moving average of $422.06 and a 200-day moving average of $294.77. Western Digital Corporation has a 1 year low of $54.60 and a 1 year high of $602.54. The company has a market capitalization of $176.38 billion, a P/E ratio of 30.55 and a beta of 2.13.

Western Digital (NASDAQ:WDC - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. The company 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 quarter in the prior year, the firm posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts anticipate that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Western Digital's previous quarterly dividend of $0.13. Western Digital's dividend payout ratio (DPR) is 2.99%.

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.

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