Trivest Advisors Ltd Decreases Stock Position in Western Digital Corporation $WDC

Trivest Advisors Ltd lessened its holdings in Western Digital Corporation (NASDAQ:WDC) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 875,000 shares of the data storage provider’s stock after selling 45,000 shares during the period. Western Digital makes up about 6.9% of Trivest Advisors Ltd’s holdings, making the stock its 6th biggest holding. Trivest Advisors Ltd’s holdings in Western Digital were worth $150,736,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WDC. AustralianSuper Pty Ltd purchased a new position in shares of Western Digital in the third quarter valued at $34,244,000. Cantor Fitzgerald L. P. grew its holdings in shares of Western Digital by 399.8% in the third quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock valued at $3,900,000 after purchasing an additional 25,987 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of Western Digital by 75.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock valued at $1,778,000 after purchasing an additional 4,068 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Western Digital in the fourth quarter worth $2,270,000. Finally, WESPAC Advisors LLC bought a new stake in Western Digital in the fourth quarter worth $793,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $400.00 price target on shares of Western Digital in a research report on Friday, May 1st. Wells Fargo & Company raised their price target on Western Digital from $500.00 to $575.00 and gave the stock an “overweight” rating in a research report on Monday. Mizuho set a $470.00 price target on Western Digital in a research report on Friday, May 1st. Jefferies Financial Group set a $575.00 price target on Western Digital in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their price target on Western Digital from $320.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Western Digital has an average rating of “Moderate Buy” and an average price target of $424.33.

Western Digital Trading Down 11.1%

NASDAQ:WDC opened at $511.72 on Friday. Western Digital Corporation has a twelve month low of $54.60 and a twelve month high of $602.54. The company has a market cap of $176.38 billion, a price-to-earnings ratio of 30.55 and a beta of 2.13. The stock has a fifty day simple moving average of $422.06 and a 200-day simple moving average of $294.77.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities research analysts predict 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. Stockholders of record on Friday, June 5th will be paid a dividend of $0.15 per share. This is an increase from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, June 5th. Western Digital’s payout ratio is 2.99%.

Insider Transactions at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the transaction, the chief executive officer owned 598,150 shares in the company, valued at approximately $246,342,096. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the transaction, the insider owned 90,041 shares in the company, valued at approximately $39,905,270.79. This represents a 4.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 29,322 shares of company stock worth $12,768,550. Corporate insiders own 0.18% of the company’s stock.

Key Western Digital News

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

• Positive Sentiment: Western Digital is benefiting from strong investor enthusiasm around AI-driven storage demand, with recent articles highlighting new AI-focused storage technologies, improved analyst valuation estimates, and expectations for firmer HDD and memory pricing. Why Western Digital (WDC) Is Up 12.0% After Unveiling New AI‑Focused Storage Technologies
• Positive Sentiment: Citigroup reportedly raised its price target on Western Digital by 37%, helping push the stock to fresh highs as investors positioned ahead of the company’s Computex-related AI announcements. Western Digital (WDC) Hits All-Time High as Citi Hikes PT by 37%
• Positive Sentiment: The company has also been cleaning up its balance sheet and making more AI-related moves, which some investors view as supporting additional upside. Western Digital Could Be Halfway Through Retiring 2028 Convertible Debt. What It Means for the Stock.
• Neutral Sentiment: Western Digital’s recent earnings were strong, with the company beating estimates and issuing upbeat guidance, but the stock still saw a short-term dip as some traders appeared to take profits after a big run. Western Digital (WDC) Stock Dips 3% Despite Strong Earnings—Should Investors Buy the Pullback?
• Neutral Sentiment: Recent coverage also notes that the broader market and semiconductor stocks have been choppy, with Broadcom’s cautious AI outlook pressuring memory names like Western Digital even after the company’s strong news flow. MU, SNDK, WDC: Memory Stocks Dip As Broadcom’s Forecast Dampens AI Sentiment, Retail Turns Buyer
• Negative Sentiment: One near-term headwind is profit-taking after Western Digital’s rapid run-up to all-time highs, which has led to some price weakness despite the longer-term bullish narrative. Western Digital (WDC) Stock Dips While Market Gains: Key Facts

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.