Leonteq Securities AG Has $2.10 Million Stake in Western Digital Corporation $WDC

Key Points

• Leonteq Securities AG cut its Western Digital stake by 22.7% in the first quarter, ending with 7,784 shares valued at about $2.1 million.
• Western Digital saw a wave of mixed analyst and investor activity, including Bank of America raising its price target to $732 and Melius Research upgrading the stock to strong-buy, even as the shares were hit by a broader memory-chip pullback.
• The company reported strong quarterly results, with EPS of $2.72 and revenue of $3.34 billion, both beating expectations, and it also raised its quarterly dividend to $0.15 per share.

Leonteq Securities AG trimmed its position in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,784 shares of the data storage provider's stock after selling 2,292 shares during the period. Leonteq Securities AG's holdings in Western Digital were worth $2,105,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WDC. GHP Investment Advisors Inc. grew its holdings in shares of Western Digital by 9.2% during the first quarter. GHP Investment Advisors Inc. now owns 357 shares of the data storage provider's stock valued at $97,000 after buying an additional 30 shares in the last quarter. Alps Advisors Inc. raised its position in Western Digital by 0.8% during the fourth quarter. Alps Advisors Inc. now owns 4,707 shares of the data storage provider's stock valued at $811,000 after buying an additional 37 shares during the period. Quadcap Wealth Management LLC lifted its stake in Western Digital by 2.1% in the 4th quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider's stock worth $346,000 after acquiring an additional 41 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in Western Digital by 2.6% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider's stock worth $341,000 after acquiring an additional 51 shares in the last quarter. Finally, Falcon Wealth Planning boosted its position in Western Digital by 2.6% during the 1st quarter. Falcon Wealth Planning now owns 2,170 shares of the data storage provider's stock worth $587,000 after acquiring an additional 54 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Irving Tan sold 20,000 shares of the company's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the sale, the chief executive officer owned 598,150 shares in the company, valued at approximately $246,342,096. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction dated 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 directly owned 3,903 shares in the company, valued at approximately $2,062,813.56. This represents a 16.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,322 shares of company stock valued at $12,768,550 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Bank of America raised its price target on Western Digital to $732 from $610 and reiterated a buy rating, signaling confidence in further upside. Benzinga report on Bank of America price target hike
• Positive Sentiment: Melius Research upgraded Western Digital to strong-buy, adding to the list of bullish analyst views on the stock. Zacks report on Melius upgrade
• Positive Sentiment: Zacks said Western Digital has an impressive earnings surprise record and the right setup to potentially beat estimates again in its next quarterly report. Article: Will Western Digital (WDC) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Western Digital was included in Zacks’ list of top momentum stocks for Q3 2026, reflecting continued investor interest in AI-driven storage names. Article: 5 Top-Ranked Momentum Stock Picks for Q3 2026 After a Fabulous Q2
• Neutral Sentiment: Analysts are revisiting fair value estimates as they reassess AI storage demand, HDD pricing, and Western Digital’s product roadmap, keeping the valuation debate active. Article: Western Digital Stock Gets Fair Value Boost As Analysts Reassess AI Storage Demand
• Negative Sentiment: WDC was hit by a broader memory-chip and semiconductor pullback, as investors rotated out of some of this year’s hottest names. Article: Micron Drops 8%, SanDisk Slumps 10%, Western Digital Falls 7% as Memory Stocks Pull Back With the Nasdaq

Western Digital Stock Performance

Shares of WDC opened at $539.00 on Friday. The firm has a market cap of $185.78 billion, a PE ratio of 32.18 and a beta of 2.10. The firm's 50 day moving average price is $536.72 and its 200 day moving average price is $357.93. Western Digital Corporation has a twelve month low of $63.67 and a twelve month high of $799.87.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. Western Digital's quarterly revenue was up 45.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, sell-side analysts anticipate that Western Digital Corporation will post 9.6 earnings per share for the current fiscal year.

Western Digital Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen lifted their target price on Western Digital from $325.00 to $500.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Zacks Research raised shares of Western Digital from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $400.00 price objective on shares of Western Digital in a research report on Friday, May 1st. Rosenblatt Securities upped their price objective 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, Fox Advisors lowered shares of Western Digital from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $493.52.

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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