Formuepleje A S Purchases Shares of 2,356 Western Digital Corporation $WDC

Key Points

• Formuepleje A S purchased 2,356 Western Digital shares worth approximately $1.5 million, while institutional investors collectively own 92.51% of the company.
• Western Digital reported quarterly EPS of $3.56, beating estimates of $3.31, and revenue of $3.75 billion, up 43.8% year over year. Management guided to fiscal Q1 2027 EPS of $3.85–$4.15.
• The stock opened at $467.46, below the analyst consensus target of $534.56, while the company announced a quarterly dividend of $0.15 per share. Recent insider activity was dominated by sales, including transactions by the CEO and a director.

Formuepleje A S acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,356 shares of the data storage provider's stock, valued at approximately $1,505,000.

A number of other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider's stock worth $1,698,000 after acquiring an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider's stock worth $56,000 after acquiring an additional 967 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Western Digital in the second quarter valued at approximately $307,000. Cresset Asset Management LLC bought a new stake in shares of Western Digital in the second quarter worth $292,000. Finally, Federated Hermes Inc. lifted its position in shares of Western Digital by 55.3% in the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider's stock worth $152,000 after purchasing an additional 845 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

Western Digital Stock Performance

NASDAQ:WDC opened at $467.46 on Monday. The stock has a market capitalization of $161.12 billion, a PE ratio of 19.31, a P/E/G ratio of 1.98 and a beta of 2.13. Western Digital Corporation has a 1-year low of $91.43 and a 1-year high of $799.87. The firm has a fifty day simple moving average of $506.03 and a 200 day simple moving average of $446.87.

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

Western Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital's dividend payout ratio is presently 2.48%.

Western Digital News Roundup

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

• Positive Sentiment: A broad rally in memory stocks lifted Western Digital alongside SK Hynix and Seagate. Investors appear to be responding to stronger memory pricing, supply tightness and continued demand from artificial-intelligence data centers. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: Western Digital’s investment case is supported by AI-driven storage growth, higher hard-disk-drive pricing and expanding margins. Recent earnings also showed revenue growth and earnings above consensus, while management’s next-quarter guidance points to continued momentum. WDC Stock's Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Positive Sentiment: China’s progress in memory manufacturing is not viewed as an immediate threat because Western Digital and peers reportedly have capacity committed under multiyear contracts. That could help protect near-term pricing and margins. Why China’s Memory Chip Breakthrough Won't Crash the Market
• Neutral Sentiment: Analysts remain broadly constructive, with reported price targets above the current trading level, but the stock’s sharp six-month advance has made expectations demanding. Investors are watching whether future earnings estimates can justify the valuation. WDC Stock's Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Negative Sentiment: Recent insider transactions have consisted of sales rather than purchases, including a director’s sale of roughly $2.5 million in shares. Insider selling and profit-taking previously pressured WDC, while the stock’s elevated valuation leaves it vulnerable if storage-sector momentum fades. Western Digital Falls as Sector Weakness and Insider Selling Weigh on Shares

Insider Activity

In other Western Digital news, insider Cynthia Tregillis sold 1,007 shares of the business'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 transaction of $481,708.52. Following the transaction, the insider owned 112,155 shares of the company's stock, valued at $53,650,465.80. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the sale, the chief executive officer owned 575,966 shares in the company, valued at $256,287,591.02. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,210 shares of company stock valued at $10,440,960 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird set a $630.00 target price on shares of Western Digital in a report on Thursday, August 6th. Wall Street Zen lowered shares of Western Digital from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. Morgan Stanley restated an "overweight" rating and set a $676.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. Summit Insights cut Western Digital from a "buy" rating to a "hold" rating in a report on Thursday, August 6th. Finally, Rosenblatt Securities lowered their target price on Western Digital from $900.00 to $800.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Western Digital has a consensus rating of "Moderate Buy" and an average target price of $534.56.

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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