CMT Capital Markets Trading GmbH Takes Position in Western Digital Corporation $WDC

Key Points

• CMT Capital Markets Trading GmbH acquired a new stake of 4,220 shares in Western Digital Corporation during Q2, valued at approximately $270,000, as indicated in a recent 13F filing.
• Western Digital's latest earnings report showed an EPS of $1.66 for the quarter, exceeding analysts' expectations, with a notable year-over-year revenue increase of 30.0%.
• The company has recently increased its quarterly dividend to $0.10 per share, resulting in an annualized dividend yield of 0.4%.

CMT Capital Markets Trading GmbH purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,220 shares of the data storage provider's stock, valued at approximately $270,000.

A number of other large investors have also modified their holdings of the company. Private Wealth Management Group LLC grew its stake in shares of Western Digital by 102.5% in the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider's stock valued at $26,000 after purchasing an additional 202 shares during the period. NewSquare Capital LLC grew its holdings in Western Digital by 86.9% during the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider's stock worth $28,000 after acquiring an additional 205 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Western Digital during the 1st quarter valued at $29,000. CNB Bank acquired a new position in shares of Western Digital in the 2nd quarter valued at $37,000. Finally, Manchester Capital Management LLC boosted its position in shares of Western Digital by 47.2% in the 2nd quarter. Manchester Capital Management LLC now owns 577 shares of the data storage provider's stock worth $37,000 after purchasing an additional 185 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Stock Down 0.5%

Western Digital stock opened at $109.69 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $113.75. The company has a fifty day simple moving average of $82.76 and a 200 day simple moving average of $60.54. The company has a market cap of $38.27 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The data storage provider reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.18. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.45 billion. Western Digital had a net margin of 14.13% and a return on equity of 24.93%. The company's quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 EPS. Western Digital has set its Q1 2026 guidance at 1.540-1.690 EPS. Research analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 4th. Western Digital's dividend payout ratio is presently 7.77%.

Insider Activity

In other news, insider Vidyadhara K. Gubbi sold 11,343 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $90.29, for a total transaction of $1,024,159.47. Following the transaction, the insider directly owned 151,596 shares in the company, valued at $13,687,602.84. The trade was a 6.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cynthia L. Tregillis sold 14,067 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $74.78, for a total transaction of $1,051,930.26. Following the completion of the sale, the insider owned 135,351 shares of the company's stock, valued at $10,121,547.78. This trade represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,730 shares of company stock valued at $3,921,594 over the last three months. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

WDC has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Western Digital from $80.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Rosenblatt Securities increased their price target on shares of Western Digital from $53.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Bank of America boosted their price objective on shares of Western Digital from $123.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup lifted their price target on shares of Western Digital from $88.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Finally, Benchmark upped their price objective on shares of Western Digital from $85.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.63.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.

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