Western Digital Corporation $WDC is Highland Peak Capital LLC’s 7th Largest Position

Highland Peak Capital LLC decreased its stake in Western Digital Corporation (NASDAQ:WDC) by 69.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,252 shares of the data storage provider’s stock after selling 365,987 shares during the quarter. Western Digital makes up 6.2% of Highland Peak Capital LLC’s holdings, making the stock its 7th largest position. Highland Peak Capital LLC’s holdings in Western Digital were worth $18,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC boosted its position 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. boosted its holdings in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares in the last quarter. NewSquare Capital LLC grew its position in Western Digital by 86.9% during the second quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock valued at $28,000 after buying an additional 205 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after buying an additional 204 shares in the last quarter. Finally, Grove Bank & Trust purchased a new position in Western Digital in the third quarter valued at $30,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Western Digital Stock Performance

NASDAQ WDC opened at $261.30 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The stock’s 50 day simple moving average is $243.52 and its 200-day simple moving average is $170.07. The company has a market cap of $88.59 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $309.90.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share. As a group, equities research analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 5th. Western Digital’s dividend payout ratio (DPR) is currently 5.02%.

More Western Digital News

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

• Positive Sentiment: Investor note argues WDC is being re-rated as AI workloads drive multi-year demand for high-capacity nearline HDDs; company says 2026 HDD capacity is sold out, guided for strong revenue and gross-margin expansion, and has tightened its capital/portfolio focus — this underpins the bullish thesis for durable enterprise/cloud demand. Read More.
• Positive Sentiment: Market write-ups tie WDC’s rebound to renewed investor focus on AI video and hyperscaler storage needs after a pullback; momentum-driven snap-back + rotation into higher-beta storage names supported the move. Read More.
• Positive Sentiment: Coverage highlights how AI-generated video and other AI workloads can materially expand capacity requirements vs. traditional data, reinforcing expectations for sustained nearline HDD demand — a direct tailwind for WDC’s product mix. Read More.
• Positive Sentiment: UBS raised memory-price forecasts and price targets after industry meetings, signaling broader cloud/datacenter spend strength — a supportive macro backdrop for storage suppliers (though impact differs across HDD/SSD/memory product lines). Read More.
• Neutral Sentiment: WDC’s presentation at the Morgan Stanley TMT conference contained management commentary reinforcing visibility into hyperscaler plans and capacity allocation — useful for modeling but not a new catalyst by itself. Read More.
• Neutral Sentiment: Brokerage consensus remains constructive (consensus “Moderate Buy” / many recent buy/outperform ratings), which supports sentiment but could limit near-term upside if already priced in. Read More.
• Negative Sentiment: Sector-wide volatility: semiconductor/memory-related sell-offs tied to Middle East tensions and smartphone weakness show macro/geopolitical risk that can pressure high-multiple tech names and trigger short-term pullbacks in storage stocks. Read More.
• Negative Sentiment: Significant insider selling has been reported recently, which some investors view as a governance/conviction concern even as company fundamentals improve — a potential psychological headwind for the stock. Read More.

Wall Street Analysts Forecast Growth

WDC has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Morgan Stanley increased their price target on Western Digital from $260.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. UBS Group set a $306.00 price objective on Western Digital in a research report on Friday, January 30th. Evercore reaffirmed an “outperform” rating and set a $230.00 target price on shares of Western Digital in a research note on Friday, January 16th. Finally, Mizuho lifted their price target on shares of Western Digital to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $265.58.

Insider Buying and Selling

In related news, Director Matthew E. Massengill sold 36,926 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $260.43, for a total transaction of $9,616,638.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cynthia L. Tregillis sold 6,780 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $270.49, for a total transaction of $1,833,922.20. Following the completion of the sale, the insider owned 136,538 shares of the company’s stock, valued at approximately $36,932,163.62. The trade was a 4.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 64,805 shares of company stock worth $16,846,612. 0.18% of the stock is owned by insiders.

Western Digital Company 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.