Clal Insurance Enterprises Holdings Ltd Takes Position in Western Digital Corporation $WDC

Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 333,750 shares of the data storage provider’s stock, valued at approximately $57,495,000.

A number of other large investors have also recently modified their holdings of the business. Sumitomo Life Insurance Co. raised its holdings in shares of Western Digital by 0.8% during the 4th quarter. Sumitomo Life Insurance Co. now owns 14,847 shares of the data storage provider’s stock valued at $2,558,000 after buying an additional 116 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Western Digital by 572.7% during the 4th quarter. Wealthspire Advisors LLC now owns 2,913 shares of the data storage provider’s stock valued at $502,000 after buying an additional 2,480 shares in the last quarter. Summit Financial LLC purchased a new position in shares of Western Digital during the 4th quarter valued at about $259,000. Quadrant Capital Group LLC raised its holdings in shares of Western Digital by 2.1% during the 4th quarter. Quadrant Capital Group LLC now owns 15,978 shares of the data storage provider’s stock valued at $2,753,000 after buying an additional 329 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Western Digital by 35.8% during the 4th quarter. Advisors Asset Management Inc. now owns 3,030 shares of the data storage provider’s stock valued at $522,000 after buying an additional 799 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Performance

Shares of WDC stock opened at $562.92 on Friday. Western Digital Corporation has a fifty-two week low of $54.60 and a fifty-two week high of $602.54. The stock has a 50 day moving average price of $447.23 and a two-hundred day moving average price of $307.91. The company has a market capitalization of $194.03 billion, a P/E ratio of 33.61 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The business’s revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities analysts predict that Western Digital Corporation will post 9.57 earnings per share for the current year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s payout ratio is presently 3.58%.

Insiders Place Their Bets

In other news, insider Vidyadhara K. Gubbi sold 4,674 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the transaction, the insider directly owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cynthia L. Tregillis sold 432 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $545.60, for a total value of $235,699.20. Following the transaction, the insider directly owned 116,643 shares in the company, valued at $63,640,420.80. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Jefferies Financial Group set a $575.00 price objective on Western Digital in a report on Tuesday, May 26th. Mizuho raised their price objective on Western Digital from $550.00 to $685.00 and gave the company an “outperform” rating in a report on Monday. TD Cowen raised their price objective on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Cantor Fitzgerald lifted their price target on Western Digital to $660.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $443.71.

More Western Digital News

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

• Positive Sentiment: JPMorgan raised its price target on Western Digital from $530 to $650 and reiterated an overweight rating, signaling more upside potential for the shares. Article Title
• Positive Sentiment: The company announced a Sandisk share exchange with institutional investors, a move that has been interpreted as supportive of the stock and part of a broader capital strategy. Article Title
• Positive Sentiment: Western Digital highlighted AI-focused storage innovation at Computex, reinforcing the market’s view that it is well positioned to benefit from data-center and AI infrastructure spending. Article Title
• Positive Sentiment: Analysts also pointed to strong free cash flow, a larger dividend, and a new $4 billion buyback plan, which supports the investment case by showing confidence in cash generation and shareholder returns. Article Title
• Neutral Sentiment: Western Digital has been outperforming the broader market over the past year, and brokerages still generally rate the stock a moderate buy, which supports sentiment but is more of a confirmation than a new catalyst. Article Title
• Negative Sentiment: One recent market note said WDC slipped with the broader market after a hotter-than-expected CPI report revived rate-hike concerns, showing that macro pressure can still weigh on the stock at times. Article Title

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.