949 Shares in Western Digital Corporation $WDC Purchased by Kemnay Advisory Services Inc.

Kemnay Advisory Services Inc. purchased a new position in Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 949 shares of the data storage provider’s stock, valued at approximately $163,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AustralianSuper Pty Ltd purchased a new position in Western Digital during the 3rd quarter valued at about $34,244,000. Cantor Fitzgerald L. P. grew its stake in Western Digital by 399.8% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock valued at $3,900,000 after acquiring an additional 25,987 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Western Digital by 75.4% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock valued at $1,778,000 after acquiring an additional 4,068 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Western Digital in the 4th quarter valued at approximately $2,270,000. Finally, WESPAC Advisors LLC bought a new stake in shares of Western Digital in the 4th quarter valued at approximately $793,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Morgan Stanley raised its outlook on Western Digital and boosted its price target, adding to the bullish case that AI data-center growth is driving stronger-than-expected storage demand. Western Digital Stock Just Hit a New All-Time High. Here’s Why.
• Positive Sentiment: Multiple reports say WDC is benefiting from a broader re-rating of AI storage stocks, with investors focused on tight hard-disk supply, sold-out inventory, and higher pricing power. Western Digital stock jumps as AI trade reignites
• Positive Sentiment: Media coverage highlighted a hyperscaler multiyear commitment to Western Digital, reinforcing confidence that demand from large cloud customers remains robust. Hyperscaler’s Multiyear Commitment with Western Digital (WDC) Highlights Robust Demand
• Neutral Sentiment: Investors are also watching June 22 for the planned SanDisk-related swap, which could create another event-driven trading catalyst for WDC. Dear Western Digital Stock Fans, Mark Your Calendars for June 22
• Negative Sentiment: One commentary piece argued the stock may be due for a near-term pullback after its huge run-up this year, suggesting valuation and momentum risks could cap gains in the short term. Western Digital stock looks ripe for a near-term pullback: find out more

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WDC shares. Jefferies Financial Group set a $575.00 price target on Western Digital in a research note on Tuesday, May 26th. Evercore restated an “outperform” rating and set a $575.00 price objective on shares of Western Digital in a report on Tuesday, May 26th. UBS Group upped their target price on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Barclays upped their target price on Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $450.46.

Insiders Place Their Bets

In other news, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total transaction of $396,390.00. Following the sale, the director owned 3,903 shares in the company, valued at approximately $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the sale, the chief executive officer owned 598,150 shares in the company, valued at $246,342,096. The trade was a 3.24% decrease in their position. 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 have sold a total of 29,322 shares of company stock worth $12,768,550 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Western Digital Price Performance

Western Digital stock opened at $681.08 on Wednesday. The stock has a fifty day moving average price of $462.12 and a two-hundred day moving average price of $316.21. Western Digital Corporation has a 52-week low of $57.88 and a 52-week high of $729.92. The firm has a market capitalization of $234.75 billion, a P/E ratio of 40.66 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities research analysts predict that Western Digital Corporation will post 9.6 EPS for the current fiscal 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 issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 5th. This is a boost from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 3.58%.

About Western Digital

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.