Leonteq Securities AG Purchases Shares of 10,076 Western Digital Corporation $WDC

Leonteq Securities AG purchased a new stake in Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 10,076 shares of the data storage provider’s stock, valued at approximately $1,736,000.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Western Digital by 12.3% in 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 buying an additional 5,731 shares during the last quarter. LBP AM SA bought a new stake in shares of Western Digital in the 3rd quarter valued at about $641,000. AustralianSuper Pty Ltd bought a new stake in shares of Western Digital in the 3rd quarter valued at about $34,244,000. Cantor Fitzgerald L. P. grew its position in shares of 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 valued at $3,900,000 after buying an additional 25,987 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its position in shares of 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 valued at $1,778,000 after buying an additional 4,068 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital News Roundup

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

• Positive Sentiment: WDC is bouncing with the broader memory/storage complex, as SanDisk and Micron also moved higher and investors viewed the recent selloff as overdone. SanDisk Soars 9%, Western Digital Rallies 5%, Micron Rises 3% as Memory Trade Reawakens
• Positive Sentiment: Investors are still responding to the company’s upbeat guidance and strong AI data-center storage narrative, which suggests demand and pricing trends remain favorable. Western Digital jumps 4.6% as AI-storage pricing narrative stays hot after upbeat guidance and capital-structure moves
• Neutral Sentiment: Recent coverage also framed WDC as part of a valuation/momentum discussion after a strong run, which may be contributing to trading interest but does not clearly change the fundamental outlook. Western Digital (WDC) Valuation Check After Strong 1-Year Return And Recent Share Price Cooldown
• Negative Sentiment: The stock was pressured earlier as a former Samsung executive warned that expanding memory-chip production in China could eventually weigh on pricing, raising concerns about a potential supply-driven downturn. Seagate and Western Digital Stocks Trade Down, What You Need To Know

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Western Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Wedbush restated an “outperform” rating and set a $325.00 target price on shares of Western Digital in a research report on Monday, February 9th. JPMorgan Chase & Co. upped their target price on Western Digital from $320.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. TD Cowen upped their target price on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $395.83.

Western Digital Price Performance

Shares of Western Digital stock opened at $486.46 on Friday. The stock’s 50-day moving average is $368.71 and its 200 day moving average is $266.89. The firm has a market cap of $167.67 billion, a price-to-earnings ratio of 29.04 and a beta of 2.10. Western Digital Corporation has a one year low of $49.00 and a one year high of $525.15.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results 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 business had revenue of $3.34 billion for 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 quarterly revenue was up 45.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, sell-side analysts expect that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

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

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider owned 121,682 shares in the company, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total value of $2,743,105.88. Following the completion of the transaction, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. The trade was a 8.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 53,679 shares of company stock worth $18,049,314. Corporate insiders own 0.18% of the company’s stock.

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.