Western Digital Corporation $WDC Stake Trimmed by WT Asset Management Ltd

Key Points

• WT Asset Management trimmed its WDC stake by 17.6% in Q4 to 411,458 shares (selling 87,842), representing about 0.12% of Western Digital and $70.9 million—WDC is now 2.8% of WT’s portfolio and its 13th largest holding.
• Wall Street remains broadly positive with a consensus rating of "Moderate Buy" and a $310.79 average price target; several firms have raised targets recently (Citigroup to $405, Cantor Fitzgerald/Wedbush around $325).
• Fundamentals show momentum: WDC beat Q3 estimates with $2.13 EPS and $3.02B revenue (revenue up 25.2% y/y), trades near 52‑week highs (high $416.37) and pays a small quarterly dividend of $0.125.

WT Asset Management Ltd lowered its stake in Western Digital Corporation (NASDAQ:WDC - Free Report) by 17.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,458 shares of the data storage provider's stock after selling 87,842 shares during the quarter. Western Digital makes up 2.8% of WT Asset Management Ltd's investment portfolio, making the stock its 13th largest holding. WT Asset Management Ltd owned about 0.12% of Western Digital worth $70,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WDC. ORG Partners LLC increased its stake in Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider's stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Rakuten Securities Inc. grew its stake in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider's stock valued at $27,000 after acquiring an additional 407 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider's stock valued at $29,000 after acquiring an additional 204 shares in the last quarter. Westfuller Advisors LLC purchased a new position in Western Digital during the 3rd quarter valued at about $30,000. Finally, Avion Wealth grew its stake in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider's stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company's stock.

Wall Street Analysts Forecast Growth

WDC has been the topic of several research analyst reports. Citigroup lifted their target price on Western Digital to $405.00 and gave the company a "buy" rating in a research note on Monday, April 13th. Wedbush reaffirmed an "outperform" rating and set a $325.00 target price on shares of Western Digital in a research note on Monday, February 9th. Cantor Fitzgerald lifted their target price on Western Digital to $325.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Robert W. Baird set a $310.00 target price on Western Digital in a research note on Monday, February 2nd. Finally, Wall Street Zen cut Western Digital from a "buy" rating to a "hold" rating in a research note on Sunday, April 12th. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Western Digital has a consensus rating of "Moderate Buy" and a consensus price target of $310.79.

Western Digital Stock Up 0.2%

Shares of Western Digital stock opened at $404.00 on Friday. The firm has a market cap of $136.97 billion, a price-to-earnings ratio of 40.52, a P/E/G ratio of 0.85 and a beta of 1.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. Western Digital Corporation has a 52-week low of $39.90 and a 52-week high of $416.37. The stock has a 50-day simple moving average of $304.49 and a 200-day simple moving average of $225.12.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the company earned $1.77 EPS. The company's revenue for the quarter was up 25.2% on a year-over-year basis. On average, equities research analysts expect that Western Digital Corporation will post 8.52 earnings per share for the current fiscal year.

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital's payout ratio is currently 5.02%.

Insiders Place Their Bets

In other Western Digital news, insider Vidyadhara K. Gubbi sold 10,148 shares of Western Digital stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total value of $2,743,105.88. Following the transaction, the insider directly owned 107,794 shares of the company's stock, valued at $29,137,796.14. The trade was a 8.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total value of $5,108,800.00. Following the completion of the transaction, the chief executive officer directly owned 623,586 shares in the company, valued at approximately $159,288,807.84. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 92,711 shares of company stock valued at $24,300,404. Corporate insiders own 0.18% of the company's stock.

Key Western Digital News

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

• Positive Sentiment: Barclays bumped its price target to $405 and kept an Overweight rating, a high‑profile upgrade that likely triggered buy orders and helped lift sentiment. Barclays Raises its Price Target on Western Digital (WDC) to $405
• Positive Sentiment: Analyst upgrades and price‑target raises from multiple banks (JPMorgan, Morgan Stanley, BofA, etc.) alongside expectations for an earnings beat have amplified buying ahead of WDC’s late‑April print. Analysts lift price targets ahead of late‑April earnings
• Positive Sentiment: Market narrative: strong AI/datacenter storage demand is supporting HDD/SSD pricing and margins — a theme that has propelled WDC to large YTD gains as investors reposition into “AI infrastructure” names. Western Digital Stock Is Up 135% This Year – Here’s Why
• Positive Sentiment: Memory‑themed ETF inflows and sector momentum (Micron and peers rallying) are boosting demand for large‑cap exposure to storage, indirectly supporting WDC’s multiple. Memory ETF hits $1B AUM
• Neutral Sentiment: Western Digital published its FY2025 Sustainability Report highlighting energy and recycled‑content initiatives — positive for ESG positioning but with limited immediate revenue impact. Western Digital ESG Progress Puts Sustainability In Focus
• Neutral Sentiment: Insider transactions disclose small, pre‑arranged sales (Rule 10b5‑1) — routine and not signaling management panic, though often monitored by investors. Cynthia Tregillis Sells 363 Shares
• Negative Sentiment: Valuation and momentum risk: rapid gains to new 52‑week highs leave WDC’s multiple extended — a disappointment in AI demand or margins could trigger a sharp pullback. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52‑Week High?
• Negative Sentiment: Competitive/structural risks: differences between NAND‑focused peers and HDD exposure mean longer‑term market dynamics could favor some competitors, potentially capping WDC’s longer‑term multiple. SanDisk vs. Western Digital

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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