Lombard Odier Asset Management Switzerland SA Grows Position in Western Digital Corporation $WDC

Lombard Odier Asset Management Switzerland SA grew its position in Western Digital Corporation (NASDAQ:WDC) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,118 shares of the data storage provider’s stock after acquiring an additional 1,989 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Western Digital were worth $9,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in WDC. Valley Wealth Managers Inc. bought a new position in shares of Western Digital during the 1st quarter valued at approximately $32,000. Catalyst Capital Advisors LLC bought a new stake in Western Digital in the first quarter worth $35,000. Cornerstone Planning Group LLC increased its position in Western Digital by 33.3% in the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 33 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Western Digital by 80.2% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 65 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in Western Digital during the first quarter valued at $47,000. Institutional investors own 92.51% of the company’s stock.

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $545.60, for a total value of $235,699.20. Following the sale, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the sale, the director owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. This trade represents a 16.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 28,959 shares of company stock worth $12,631,666. Insiders own 0.18% of the company’s stock.

Western Digital Price Performance

Western Digital stock opened at $519.80 on Friday. The firm has a market capitalization of $179.16 billion, a P/E ratio of 31.03 and a beta of 2.11. Western Digital Corporation has a 1-year low of $66.51 and a 1-year high of $799.87. The company’s 50-day moving average is $564.90 and its 200 day moving average is $397.06.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. The business 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 company’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Research analysts anticipate that Western Digital Corporation will post 9.61 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, June 5th. This is an increase from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s dividend payout ratio (DPR) is presently 3.58%.

Analyst Upgrades and Downgrades

WDC has been the subject of several research reports. Sanford C. Bernstein upgraded shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective for the company in a research report on Tuesday, March 31st. Barclays upped their target price on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. UBS Group reaffirmed a “neutral” rating and issued a $560.00 price target on shares of Western Digital in a report on Monday, July 13th. Jefferies Financial Group set a $575.00 price target on Western Digital in a research report on Tuesday, May 26th. Finally, TD Cowen boosted their price objective on Western Digital from $325.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $520.32.

Trending Headlines about Western Digital

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

• Positive Sentiment: Memory-chip peers such as Micron, Sandisk, and SK Hynix were reported surging on continued enthusiasm for AI infrastructure spending and tight memory supply, which can lift sentiment for Western Digital as well. Article: Why Micron, Sandisk, and SK Hynix Are Surging—And How to Play It
• Positive Sentiment: Analysts highlighted Western Digital’s AI storage exposure and relatively stronger financial footing versus peers like Super Micro, reinforcing the stock’s appeal as an AI hardware play. Article: WDC vs. SMCI: Which AI Hardware Stock is the Smarter Investment Now?
• Positive Sentiment: A valuation piece argued that Western Digital still looks attractive on earnings and especially cheap on a cash-flow basis, suggesting the recent rally may have room to continue if AI demand remains strong. Article: Western Digital (WDC) Stock Looks Reasonable On Earnings While Cash Flow Looks Cheap
• Neutral Sentiment: One report said Western Digital reentered merger-focused discussion, but it did not provide a concrete transaction update, so the near-term stock impact is unclear. Article: Western Digital (WDC) Reenters Merger Focus, Where Does Fair Value Sit?
• Neutral Sentiment: Short-interest data showed no meaningful short position reported, which does not appear to be a major driver of the stock today.

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.