Parnassus Investments LLC Has $107.92 Million Stake in Western Digital Corporation $WDC

Parnassus Investments LLC reduced its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 37.5% in the 3rd quarter, Holdings Channel reports. The firm owned 898,860 shares of the data storage provider’s stock after selling 538,761 shares during the quarter. Parnassus Investments LLC’s holdings in Western Digital were worth $107,917,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Wealth Management Group LLC grew its position in shares of Western Digital by 102.5% during the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock valued at $26,000 after purchasing an additional 202 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares during the period. NewSquare Capital LLC increased its stake in Western Digital by 86.9% in the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 205 shares during the last quarter. Grove Bank & Trust bought a new stake in shares of Western Digital in the 3rd quarter worth about $30,000. Finally, CNB Bank purchased a new position in Western Digital during the 2nd quarter valued at about $37,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Cynthia L. Tregillis sold 2,801 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $160.57, for a total value of $449,756.57. Following the completion of the sale, the insider owned 144,596 shares of the company’s stock, valued at approximately $23,217,779.72. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimberly Alexy sold 1,768 shares of the business’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 completion of the transaction, the director owned 3,585 shares in the company, valued at $552,090. This trade represents a 33.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,369 shares of company stock worth $4,013,785 over the last three months. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WDC shares. Wells Fargo & Company lifted their target price on shares of Western Digital from $150.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Sanford C. Bernstein raised shares of Western Digital to a “hold” rating in a report on Tuesday, September 16th. UBS Group upped their price target on shares of Western Digital from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Western Digital in a research note on Monday, December 29th. Finally, TD Cowen boosted their target price on shares of Western Digital from $90.00 to $200.00 and gave the company a “buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $177.50.

Western Digital News Roundup

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

• Positive Sentiment: Intraday institutional order‑flow bullish signal (Power Inflow) triggered near $187.86, drawing buying interest and helping reverse an early pullback. Western Digital Shares Rise 5% After Key Trading Signal
• Positive Sentiment: Higher‑capacity HDDs and hyperscaler demand are cited as the main drivers of revenue growth and outlook improvement, supporting the firm’s core enterprise storage business and margins. Higher Capacity HDDs Drive Western Digital’s Revenue Growth
• Positive Sentiment: Momentum: coverage notes WDC has risen more than 9% YTD and enjoyed very strong gains in 2025, which can attract momentum and growth‑oriented flows. Western Digital Corporation (WDC) Has Risen More Than 9% Since the Start of 2026
• Positive Sentiment: Analyst/earnings setup: previews point to double‑digit EPS growth expectations ahead of Western Digital’s Q2 report, which reinforces the fundamental case for the rally. Western Digital Earnings Preview: What to Expect
• Neutral Sentiment: Unusually high options volume indicates elevated short‑term interest and positioning; could amplify intraday moves but is ambiguous on direction unless one can see call/put skew. Western Digital Sees Unusually High Options Volume (NASDAQ:WDC)
• Neutral Sentiment: Consumer SSD branding updates (WD Black/Blue → SanDisk Optimus collection) are product‑level news that support retail visibility but are unlikely to materially change near‑term enterprise revenue. WD Black and WD Blue gaming SSDs have transformed into the Sandisk Optimus Collection
• Negative Sentiment: Sector froth/risk: commentary on memory and chip stocks running hot raises the risk of an overheated trade and mean‑reversion if macro or AI demand narratives slow. That poses short‑term downside if momentum reverses. Memory Chip Stocks are Red-Hot. Is it Too Late to Buy?

Western Digital Stock Performance

WDC opened at $200.46 on Friday. The firm has a market capitalization of $68.54 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.78. The stock’s 50 day moving average price is $169.97 and its two-hundred day moving average price is $118.67. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $221.23. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.42.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Monday, April 7th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter. Western Digital had a return on equity of 30.89% and a net margin of 21.37%.The business had revenue of $4.10 billion for the quarter. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. On average, equities analysts forecast that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. This is an increase from Western Digital’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 4th. Western Digital’s dividend payout ratio is presently 7.28%.

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.