Western Digital Corporation $WDC Stock Bought by APEIRON CAPITAL Ltd

Key Points

• APEIRON CAPITAL increased its Western Digital stake by 38.5% in the third quarter, adding 5,000 shares to hold 18,000 shares worth about $8.18 million.
• Western Digital beat quarterly expectations, reporting EPS of $4.64 versus $4.11 expected and revenue of $4.38 billion, up 55.5% year over year.
• The company raised its quarterly dividend from $0.15 to $0.175 per share; analysts’ consensus rating was “Moderate Buy,” with an average price target of $591.04.

APEIRON CAPITAL Ltd grew its holdings in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) by 38.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,000 shares of the data storage provider's stock after acquiring an additional 5,000 shares during the period. Western Digital comprises about 34.1% of APEIRON CAPITAL Ltd's investment portfolio, making the stock its 2nd biggest holding. APEIRON CAPITAL Ltd's holdings in Western Digital were worth $8,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Legal & General Group Plc purchased a new position in shares of Western Digital during the 2nd quarter valued at approximately $1,602,927,000. ABS Investment Management LLC bought a new stake in shares of Western Digital in the second quarter worth $1,226,342,000. Anther Capital Ltd bought a new stake in shares of Western Digital in the second quarter worth $901,601,000. Deutsche Bank AG acquired a new stake in Western Digital in the second quarter valued at $885,565,000. Finally, Trivest Advisors Ltd bought a new position in Western Digital during the 2nd quarter valued at $627,606,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 807 shares of the company's stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $380.00, for a total value of $306,660.00. Following the completion of the transaction, the insider owned 108,928 shares in the company, valued at approximately $41,392,640. This represents a 0.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the firm'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 transaction 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. The trade was 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 have sold a total of 25,436 shares of company stock worth $11,340,064 in the last ninety days. 0.20% of the stock is owned by insiders.

Western Digital Price Performance

Shares of WDC stock opened at $263.78 on Monday. The company has a market cap of $98.74 billion, a P/E ratio of 10.24, a PEG ratio of 0.93 and a beta of 2.27. The business has a 50 day moving average of $406.75 and a two-hundred day moving average of $418.97. Western Digital Corporation has a 52 week low of $132.43 and a 52 week high of $799.87.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.53. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.14 billion. Western Digital had a return on equity of 55.62% and a net margin of 69.20%. The business's revenue was up 55.5% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. Analysts expect that Western Digital Corporation will post 23.62 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be given a dividend of $0.1750 per share. This is an increase from Western Digital's previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, December 4th. Western Digital's payout ratio is currently 2.72%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WDC. Cantor Fitzgerald decreased their price objective on shares of Western Digital from $900.00 to $625.00 and set an "overweight" rating for the company in a report on Friday, October 23rd. Summit Insights lowered shares of Western Digital from a "buy" rating to a "hold" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Western Digital from $600.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, October 23rd. BNP Paribas Exane upped their price objective on Western Digital from $660.00 to $700.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Finally, Mizuho set a $490.00 target price on Western Digital in a report on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $591.04.

Trending Headlines about Western Digital

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

• Positive Sentiment: Storage and memory stocks recovered as investors reassessed fears that election-related policy changes would derail AI investment. Strategists say the AI buildout is still expected to continue, though potentially on a longer timeline. Western Digital Stock Rebounds as Wall Street Bets AI Storage Demand Outlasts Election Rout
• Positive Sentiment: Fundamental commentary highlights stronger pricing, demand for higher-capacity hard drives, and operational efficiencies as drivers of Western Digital’s gross-margin expansion. Zacks Research also upgraded the stock from “hold” to “strong-buy.” Western Digital's Gross Margin Momentum: How Long Can It Last?
• Neutral Sentiment: Analyst sentiment remains broadly supportive, with a reported consensus Buy rating and average price target near $589. However, one valuation estimate was recently reduced from $650.67 to $613.38, reflecting a reassessment of HDD strength, spending plans, and future supply. Nasdaq Suffers Worst AI Panic in Years as Nvidia, SanDisk, and Western Digital Sink Western Digital Stock Sees Fair Value Cut
• Negative Sentiment: Investors are concerned that proposed federal oversight, permitting restrictions, or caps on new data centers could slow AI infrastructure spending—an important source of expected storage demand. That concern drove a sharp selloff Thursday before the reported rebound. Why Are Western Digital Shares Falling on AI Data Center Policy Risk?

Western Digital Profile

Western Digital Corporation NASDAQ: WDC develops and supplies hard disk drives (HDDs) and related data-storage products. Its drives serve data centers and cloud providers, as well as businesses and consumers who need storage for computers, network-attached storage systems, surveillance and other applications. Its product brands include WD and Ultrastar.

Founded in 1970, the company began as an electronics and semiconductor business before expanding into data storage. In February 2025, Western Digital completed the separation of its flash-memory business into the independently traded SanDisk Corporation, leaving Western Digital focused on HDDs.

Western Digital serves customers around the world.

Want to see what other hedge funds are holding WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corporation (NASDAQ:WDC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.