Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires 2,006 Shares of Western Digital Corporation $WDC

Key Points

• Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its Western Digital stake by 79.8% in the first quarter, buying 2,006 additional shares to bring its total to 4,521 shares worth about $1.223 million.
• Western Digital reported better-than-expected quarterly results, with EPS of $2.72 and revenue of $3.34 billion, both ahead of estimates. The company also raised its quarterly dividend to $0.15 per share from $0.12.
• Analysts remain broadly positive on the stock, with several firms raising price targets and the consensus rating at Moderate Buy. The article also notes strong institutional ownership at 92.51% and some recent insider selling.

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in Western Digital Corporation (NASDAQ:WDC - Free Report) by 79.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,521 shares of the data storage provider's stock after acquiring an additional 2,006 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.'s holdings in Western Digital were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Boston Trust Walden Corp bought a new position in Western Digital in the 1st quarter worth $270,000. Mitchell & Pahl Private Wealth LLC bought a new stake in shares of Western Digital during the 1st quarter valued at about $208,000. Root Financial Partners LLC boosted its stake in shares of Western Digital by 49.3% during the 1st quarter. Root Financial Partners LLC now owns 1,768 shares of the data storage provider's stock valued at $478,000 after purchasing an additional 584 shares in the last quarter. Argent Advisors Inc. purchased a new position in shares of Western Digital during the first quarter valued at about $241,000. Finally, James Investment Research Inc. purchased a new position in shares of Western Digital during the first quarter valued at about $1,752,000. Institutional investors own 92.51% of the company's stock.

Western Digital News Roundup

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

• Positive Sentiment: Zacks still lists Western Digital as a top momentum stock for Q3 2026, pointing to continued investor interest in the memory chip theme and potential upside if the sector rebound continues.
• Positive Sentiment: MarketBeat noted that the memory rally may still be intact despite the broader semiconductor sell-off, which could support Western Digital if demand for memory chips remains strong.
• Positive Sentiment: A review of WD Red Plus 4TB highlighted the product as a reliable NAS hard drive, reinforcing Western Digital’s reputation in storage hardware.
• Neutral Sentiment: Western Digital was mentioned alongside other decliners as semiconductor stocks fell on fears that AI-driven chip demand may be cooling, suggesting the stock is being dragged by sector sentiment more than a fresh company-specific catalyst.
• Neutral Sentiment: Analyst-focused articles cited Western Digital’s bullish Wall Street view and strong earnings surprise history, but they did not introduce new information likely to move the stock immediately.
• Neutral Sentiment: Retail promotion news from Flipkart’s GOAT Sale included WD-branded storage devices, which is supportive for brand visibility but likely not material to the stock today.
• Negative Sentiment: The steep decline in Western Digital shares followed a broader semiconductor pullback, with investors apparently rotating out of high-flying AI and chip names.
• Negative Sentiment: Articles about Sandisk’s huge post-spin-off rally and the possibility of a stock split may remind investors of competition and relative performance within the storage space, but they mainly add narrative pressure rather than direct upside for WDC.

Western Digital Stock Performance

NASDAQ WDC opened at $539.00 on Friday. Western Digital Corporation has a 12 month low of $63.67 and a 12 month high of $799.87. The stock has a market cap of $185.78 billion, a P/E ratio of 32.18 and a beta of 2.11. The stock's fifty day moving average price is $539.71 and its 200-day moving average price is $359.19.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. The firm 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 company's revenue was up 45.5% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, analysts forecast that Western Digital Corporation will post 9.6 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is an increase from Western Digital's previous quarterly dividend of $0.12. Western Digital's dividend payout ratio (DPR) is 3.58%.

Insider Activity

In other news, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $545.60, for a total transaction of $235,699.20. Following the sale, the insider owned 116,643 shares in the company, valued at $63,640,420.80. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the sale, the insider directly owned 90,041 shares of the company's stock, valued at $39,905,270.79. This trade represents a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 29,322 shares of company stock valued at $12,768,550 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America raised their price objective on shares of Western Digital from $610.00 to $732.00 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird upped their target price on Western Digital from $310.00 to $450.00 and gave the stock an "outperform" rating in a report on Monday, May 4th. Evercore reissued an "outperform" rating and issued a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. Sanford C. Bernstein upgraded Western Digital from a "market perform" rating to an "outperform" rating and set a $340.00 target price for the company in a research note on Tuesday, March 31st. Finally, JPMorgan Chase & Co. raised their price objective on Western Digital from $530.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $493.52.

Western Digital Company 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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