Mn Services Vermogensbeheer B.V. Has $8.27 Million Stock Position in Western Digital Corporation $WDC

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Western Digital Corporation by 10.1% in Q2, bringing its total holdings to $8.27 million.
• Western Digital's quarterly earnings beat analyst expectations, reporting $1.66 EPS against a forecast of $1.48, along with revenue of $2.61 billion, a 30% increase year-over-year.
• Seventeen research analysts rated Western Digital as a "Buy," while the stock has a current average price target of $88.68.

Mn Services Vermogensbeheer B.V. raised its holdings in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) by 10.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,200 shares of the data storage provider's stock after buying an additional 11,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Western Digital were worth $8,268,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Zions Bancorporation National Association UT acquired a new position in shares of Western Digital during the 1st quarter valued at about $29,000. Allworth Financial LP increased its stake in Western Digital by 34.1% during the first quarter. Allworth Financial LP now owns 955 shares of the data storage provider's stock worth $38,000 after purchasing an additional 243 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in Western Digital during the 1st quarter worth approximately $40,000. Whittier Trust Co. of Nevada Inc. increased its stake in Western Digital by 242.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,208 shares of the data storage provider's stock worth $49,000 after buying an additional 855 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Western Digital by 91.2% during the first quarter. Brooklyn Investment Group now owns 1,279 shares of the data storage provider's stock worth $52,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 92.51% of the company's stock.

Insider Activity

In related news, SVP Gene M. Zamiska sold 3,160 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $75.68, for a total transaction of $239,148.80. Following the transaction, the senior vice president owned 31,560 shares of the company's stock, valued at approximately $2,388,460.80. The trade was a 9.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Cynthia L. Tregillis sold 14,067 shares of the business's stock in a transaction on 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 directly owned 135,351 shares in the company, valued at $10,121,547.78. This trade represents a 9.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,730 shares of company stock worth $3,921,594. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WDC has been the topic of a number of recent analyst reports. Benchmark increased their target price 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. Wedbush raised their price objective on shares of Western Digital from $78.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. UBS Group raised their price objective on shares of Western Digital from $45.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Sanford C. Bernstein raised shares of Western Digital to a "hold" rating in a research report on Tuesday. Finally, Zacks Research downgraded shares of Western Digital from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.68.

Western Digital Stock Up 1.4%

WDC traded up $1.48 during trading on Friday, hitting $106.63. The company had a trading volume of 11,026,533 shares, compared to its average volume of 8,291,884. The company has a market cap of $37.20 billion, a PE ratio of 20.70, a P/E/G ratio of 1.20 and a beta of 1.69. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $107.18. The business has a 50-day moving average of $80.13 and a 200-day moving average of $59.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 0.84.

Western Digital (NASDAQ:WDC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The data storage provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.48 by $0.18. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $1.44 earnings per share. Western Digital has set its Q1 2026 guidance at 1.540-1.690 EPS. As a group, analysts forecast that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Western Digital's dividend payout ratio (DPR) is currently 7.77%.

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.