Western Digital Corporation $WDC Shares Acquired by Horizon Investments LLC

Horizon Investments LLC lifted its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 140.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,695 shares of the data storage provider’s stock after buying an additional 12,657 shares during the period. Horizon Investments LLC’s holdings in Western Digital were worth $3,737,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Western Digital by 12.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after acquiring an additional 5,731 shares in the last quarter. LBP AM SA acquired a new position in shares of Western Digital during the 3rd quarter valued at $641,000. AustralianSuper Pty Ltd acquired a new position in shares of Western Digital during the 3rd quarter valued at $34,244,000. NorthCrest Asset Manangement LLC lifted its holdings in Western Digital by 75.4% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after buying an additional 4,068 shares in the last quarter. Finally, Cantor Fitzgerald L. P. lifted its holdings in Western Digital by 399.8% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after buying an additional 25,987 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: WDC beat expectations: Q3 EPS $2.72 and revenue $3.34B, both above consensus, and management raised FY‑Q4 guidance (EPS and revenue) — this underpins the bullish case for continued AI/cloud storage demand. Earnings & press materials
• Positive Sentiment: Multiple analyst upgrades/target raises followed the quarter — Citi hiked its target to $500 (Buy) citing stronger visibility into AI-driven HDD demand, lifting investor optimism. Citi raises target to $500
• Positive Sentiment: Other firms (Rosenblatt, TD Cowen and others) boosted targets or reiterated Buy as AI/data‑center demand drives margin expansion and share‑buyback capacity; the company also announced a quarterly dividend increase, signalling confidence in cash flow.
• Neutral Sentiment: Industry signal — peers (SanDisk/Seagate) also reported strong results and demand commentary, confirming sector‑wide AI storage tailwinds but raising questions about how much of that is already priced in. Reuters: sector demand
• Negative Sentiment: Market reaction was mixed — the stock slipped after the beat as some traders engaged in “buy the rumor, sell the news” profit‑taking following an enormous YTD run; elevated expectations mean strong results may not produce further immediate upside. Yahoo: stock falls despite beat
• Negative Sentiment: Not all analyst moves are bullish: UBS raised its target to $375 but kept a Neutral rating — that level implies downside from current prices and provides a near‑term anchor for traders focused on risk management. Benzinga: UBS target

Analysts Set New Price Targets

WDC has been the topic of a number of recent analyst reports. Robert W. Baird set a $310.00 price objective on shares of Western Digital in a report on Monday, February 2nd. Wall Street Zen upgraded shares of Western Digital from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America boosted their price objective on shares of Western Digital to $495.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Wedbush reiterated an “outperform” rating and issued a $325.00 price objective on shares of Western Digital in a report on Monday, February 9th. Finally, UBS Group boosted their price objective on shares of Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a report on Friday. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $389.74.

Insiders Place Their Bets

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $260.43, for a total value of $9,616,638.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the completion of the transaction, the insider owned 107,794 shares of the company’s stock, valued at approximately $29,137,796.14. This trade represents a 8.60% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 72,711 shares of company stock worth $19,191,604. Insiders own 0.18% of the company’s stock.

Western Digital Price Performance

NASDAQ WDC opened at $432.03 on Monday. Western Digital Corporation has a 52 week low of $43.60 and a 52 week high of $446.62. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.34. The stock has a market cap of $146.48 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 0.89 and a beta of 2.10. The company has a 50-day moving average price of $314.33 and a two-hundred day moving average price of $234.84.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. Western Digital’s quarterly 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. Analysts forecast that Western Digital Corporation will post 8.68 EPS for the current year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be given a $0.15 dividend. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. This represents a $0.60 annualized dividend and a yield of 0.1%. Western Digital’s payout ratio is currently 2.99%.

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.