Lecap Asset Management Ltd. Increases Holdings in Western Digital Corporation $WDC

Lecap Asset Management Ltd. increased its position in Western Digital Corporation (NASDAQ:WDC) by 236.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,674 shares of the data storage provider’s stock after acquiring an additional 14,531 shares during the period. Western Digital comprises about 0.9% of Lecap Asset Management Ltd.’s investment portfolio, making the stock its 15th biggest holding. Lecap Asset Management Ltd.’s holdings in Western Digital were worth $2,482,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WDC. Pure Financial Advisors LLC increased its position in shares of Western Digital by 3.1% during the 3rd quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock valued at $430,000 after purchasing an additional 107 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Western Digital by 3.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock valued at $465,000 after acquiring an additional 114 shares during the period. CVA Family Office LLC raised its holdings in Western Digital by 23.7% in the 2nd quarter. CVA Family Office LLC now owns 904 shares of the data storage provider’s stock worth $58,000 after purchasing an additional 173 shares during the period. Manchester Capital Management LLC lifted its position in Western Digital by 47.2% during the second quarter. Manchester Capital Management LLC now owns 577 shares of the data storage provider’s stock valued at $37,000 after purchasing an additional 185 shares in the last quarter. Finally, Forum Financial Management LP raised its stake in shares of Western Digital by 3.4% in the second quarter. Forum Financial Management LP now owns 5,895 shares of the data storage provider’s stock worth $377,000 after buying an additional 193 shares during the period. Institutional investors 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: Big sector bullish trigger — Nvidia’s CES remarks about new storage tech and broad AI-driven demand lifted memory/storage names (WDC surged after-hours following the Nvidia keynote), supporting WDC’s narrative as an AI-storage beneficiary. Western Digital (WDC) Stock: Memory Storage Names Explode After Nvidia CES Keynote
• Positive Sentiment: Strategic validation — WDC’s recent inclusion in the Nasdaq-100 and comments about shifting toward AI/data-center storage reinforce the company’s transformation from consumer HDD vendor to a critical AI storage supplier. Western Digital’s Nasdaq-100 Entry Caps Its AI-Driven Comeback
• Positive Sentiment: Fund-level confirmation — investor letters and analyst writeups note accelerated Q4 demand and upward earnings revisions, supporting medium-term revenue and margin improvement expectations. Accelerated Demand Lifted Western Digital Corp (WDC) in Q4
• Neutral Sentiment: Consumer-brand reshuffle — SanDisk unveiled the “Optimus” consumer SSD brand and is retiring WD_Black/WD_Blue names for client NVMe lines. This is largely a consumer/retail branding move (SanDisk and WD are under the same umbrella) — potentially neutral for WDC’s data-center story but worth monitoring for consumer-channel impacts. Sandisk Gives Its Western Digital Blue and Black Lineups a Makeover
• Neutral Sentiment: Unusual options activity — a jump in call volume (38,227 calls, ~32% above typical) shows elevated bullish speculation or hedging interest; this can amplify intraday moves but is non-directional by itself. (internal trading report)
• Negative Sentiment: Profit-taking / valuation concerns — several commentary pieces urged selling into the rally or warned that the recent 90‑day surge left valuation stretched, which likely contributed to the pullback as traders lock gains. Why Western Digital Stock Popped Today Western Digital (WDC) Valuation Check After Sharp 90 Day Share Price Rally

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 2,801 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $160.57, for a total value of $449,756.57. Following the transaction, the insider directly owned 144,596 shares in the company, valued at approximately $23,217,779.72. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kimberly Alexy sold 1,768 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total transaction of $272,272.00. Following the transaction, the director directly owned 3,585 shares in the company, valued at approximately $552,090. This trade represents a 33.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,369 shares of company stock valued at $4,013,785 over the last quarter. 0.18% of the stock is currently owned by insiders.

Western Digital Trading Down 8.9%

Shares of NASDAQ WDC opened at $199.88 on Thursday. The stock has a market capitalization of $68.34 billion, a P/E ratio of 29.09, a PEG ratio of 1.35 and a beta of 1.78. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $221.23. The business’s 50 day moving average is $167.97 and its two-hundred day moving average is $117.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 0.94.

Western Digital (NASDAQ:WDC) last released its earnings results on Monday, April 7th. The data storage provider reported $1.78 earnings per share for the quarter. The firm had revenue of $4.10 billion for the quarter. Western Digital had a return on equity of 30.89% and a net margin of 21.37%. As a group, research analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $0.125 dividend. This is an increase from Western Digital’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.50 dividend on an annualized basis and a yield of 0.3%. Western Digital’s dividend payout ratio is currently 7.28%.

Wall Street Analyst Weigh In

WDC has been the topic of several analyst reports. Bank of America lifted their price target on shares of Western Digital from $170.00 to $197.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of Western Digital in a report on Tuesday, December 16th. Rosenblatt Securities lifted their target price on Western Digital from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein upgraded shares of Western Digital to a “hold” rating in a research report on Tuesday, September 16th. Finally, Loop Capital upped their target price on shares of Western Digital to $250.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.65.

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.