Czech National Bank Has $5.46 Million Position in Western Digital Corporation $WDC

Key Points

• The Czech National Bank increased its stake in Western Digital Corporation by 6.7%, now owning 85,278 shares valued at approximately $5.46 million.
• Insiders, including CEO Irving Tan, sold significant shares recently, with Tan's sale leaving him with a stake valued at around $45.15 million.
• Western Digital reported $1.66 earnings per share for the last quarter, exceeding analysts' expectations, and has set guidance for Q1 2026 at 1.540-1.690 EPS.

Czech National Bank lifted its holdings in Western Digital Corporation (NASDAQ:WDC - Free Report) by 6.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 85,278 shares of the data storage provider's stock after buying an additional 5,389 shares during the quarter. Czech National Bank's holdings in Western Digital were worth $5,457,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its position in shares of Western Digital by 32.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,167 shares of the data storage provider's stock worth $139,000 after buying an additional 529 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Western Digital in the 2nd quarter worth about $718,000. E. Ohman J or Asset Management AB acquired a new stake in shares of Western Digital in the 2nd quarter worth about $987,000. Parallel Advisors LLC increased its holdings in shares of Western Digital by 112.0% in the 2nd quarter. Parallel Advisors LLC now owns 5,524 shares of the data storage provider's stock worth $353,000 after acquiring an additional 2,918 shares during the period. Finally, Inspire Investing LLC increased its holdings in shares of Western Digital by 77.2% in the 1st quarter. Inspire Investing LLC now owns 7,662 shares of the data storage provider's stock worth $310,000 after acquiring an additional 3,338 shares during the period. 92.51% of the stock is currently owned by institutional investors.

Western Digital Trading Up 4.2%

Shares of WDC traded up $4.48 during midday trading on Monday, hitting $111.11. The stock had a trading volume of 2,895,189 shares, compared to its average volume of 7,961,833. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $110.70. The business has a 50-day simple moving average of $80.13 and a two-hundred day simple moving average of $59.35. The firm has a market cap of $38.77 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.20 and a beta of 1.69. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its 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. Western Digital had a net margin of 14.13% and a return on equity of 24.93%. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.45 billion. During the same period last year, the company posted $1.44 earnings per share. The business's revenue for the quarter was up 30.0% on a year-over-year basis. Western Digital has set its Q1 2026 guidance at 1.540-1.690 EPS. As a group, equities analysts forecast that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently weighed in on WDC. Morgan Stanley increased their price objective on shares of Western Digital from $92.00 to $99.00 and gave the stock an "overweight" rating in a report on Wednesday, September 3rd. The Goldman Sachs Group initiated coverage on shares of Western Digital in a report on Thursday, July 10th. They issued a "neutral" rating and a $70.00 price objective on the stock. Mizuho raised their target price on shares of Western Digital from $87.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday. Bank of America raised their target price on shares of Western Digital from $100.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Finally, Wedbush raised their target price on shares of Western Digital from $78.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Western Digital currently has a consensus rating of "Moderate Buy" and an average price target of $88.68.

Insider Activity

In related news, CEO Irving Tan sold 8,621 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $75.90, for a total transaction of $654,333.90. Following the completion of the sale, the chief executive officer directly owned 594,836 shares in the company, valued at approximately $45,148,052.40. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Cynthia L. Tregillis sold 14,067 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $74.78, for a total transaction of $1,051,930.26. Following the sale, the insider owned 135,351 shares of the company's stock, valued at approximately $10,121,547.78. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,730 shares of company stock valued at $3,921,594. Corporate insiders own 0.30% of the company's stock.

Western Digital 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.