Vinland Capital Management Gestora de Recursos LTDA. Makes New $154,000 Investment in Western Digital Corporation $WDC

Vinland Capital Management Gestora de Recursos LTDA. acquired a new stake in Western Digital Corporation (NASDAQ:WDC) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 894 shares of the data storage provider’s stock, valued at approximately $154,000. Western Digital comprises approximately 2.2% of Vinland Capital Management Gestora de Recursos LTDA.’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds also recently made changes to their positions in WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Western Digital by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after purchasing an additional 3,019 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after purchasing an additional 967 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Western Digital during the 2nd quarter worth $307,000. Cresset Asset Management LLC purchased a new stake in Western Digital during the 2nd quarter worth $292,000. Finally, Federated Hermes Inc. lifted its holdings in Western Digital by 55.3% in the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after buying an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on WDC. Jefferies Financial Group set a $575.00 price objective on shares of Western Digital in a research report on Tuesday, May 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $400.00 target price on shares of Western Digital in a research report on Friday, May 1st. Weiss Ratings upgraded Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Morgan Stanley increased their price target on Western Digital from $488.00 to $650.00 and gave the company an “overweight” rating in a report on Monday. Finally, Bank of America raised their price objective on Western Digital to $495.00 and gave the company a “buy” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Western Digital has an average rating of “Moderate Buy” and an average target price of $450.46.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Western Digital is getting momentum-stock attention from analysts and traders who see AI-driven data-center growth supporting long-term demand for high-capacity storage. Seagate & Another AI Memory Momentum Stock With Big Upside
• Positive Sentiment: Shares are also benefiting from an industry-wide surge in memory stocks after reports that Apple flagged “unavoidable” memory price hikes, reinforcing pricing power across the sector. SanDisk Jumps 11%, Western Digital Rises 7% After Apple Flags “Unavoidable” Memory Price Hikes
• Positive Sentiment: Recent coverage continues to frame WDC as a strong momentum name, with articles suggesting more upside could remain after its recent run. Western Digital (WDC) Stock Could Close Out the Week with Major Gains
• Positive Sentiment: Analysts have been raising price targets and highlighting WDC’s strong profitability, which is adding to bullish sentiment. Morgan Stanley Raises Price Target on Western Digital (WDC). Here is Why
• Neutral Sentiment: Broader market rotation away from tech and into financials could create near-term volatility for technology stocks, including WDC. Financials Rose, Tech Fell Before Kevin Warsh Fed Debut

Insider Buying and Selling at Western Digital

In other news, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the completion of the transaction, the director directly owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. The trade was a 16.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Cynthia L. Tregillis sold 432 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $545.60, for a total transaction of $235,699.20. Following the sale, the insider directly owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This represents a 0.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,322 shares of company stock valued at $12,768,550 over the last three months. 0.18% of the stock is currently owned by company insiders.

Western Digital Stock Up 4.8%

Shares of NASDAQ WDC opened at $746.23 on Friday. The stock’s 50 day moving average price is $478.97 and its two-hundred day moving average price is $324.21. Western Digital Corporation has a 52-week low of $58.66 and a 52-week high of $799.87. The stock has a market capitalization of $257.21 billion, a P/E ratio of 44.55 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the business posted $1.36 EPS. Western Digital’s quarterly revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, analysts anticipate that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, June 5th. This is a positive change from Western Digital’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 0.1%. Western Digital’s payout ratio is presently 3.58%.

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.