Triglav Investments D.O.O. Makes New Investment in Western Digital Corporation $WDC

Triglav Investments D.O.O. purchased a new stake in Western Digital Corporation (NASDAQ:WDC) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 18,700 shares of the data storage provider’s stock, valued at approximately $5,058,000.

Several other institutional investors also recently modified their holdings of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Western Digital by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after purchasing an additional 3,019 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Western Digital by 229.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after buying an additional 967 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Western Digital during the 2nd quarter worth approximately $307,000. Cresset Asset Management LLC acquired a new position in shares of Western Digital during the 2nd quarter worth approximately $292,000. Finally, Federated Hermes Inc. increased its holdings in shares of Western Digital by 55.3% during the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after acquiring an additional 845 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Stock Performance

NASDAQ:WDC opened at $582.59 on Monday. Western Digital Corporation has a 52 week low of $64.23 and a 52 week high of $799.87. The firm’s 50-day simple moving average is $555.90 and its 200 day simple moving average is $374.22. The firm has a market cap of $200.81 billion, a price-to-earnings ratio of 34.78 and a beta of 2.11.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. 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. Sell-side analysts anticipate that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s payout ratio is presently 3.58%.

Analyst Upgrades and Downgrades

WDC has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Western Digital from $500.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. UBS Group raised their target price on shares of Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Fox Advisors downgraded shares of Western Digital from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $400.00 price target on shares of Western Digital in a research note on Friday, May 1st. Finally, Evercore reaffirmed an “outperform” rating and issued a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and a consensus price target of $508.32.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Analysts turned more bullish on Western Digital, with reports highlighting strong AI storage demand and multiple price-target hikes, including Susquehanna’s increase to $500 and broader Wall Street optimism. Seagate Stock Rises After Analyst Upgrades To Buy. Western Digital Nabs Price-Target Hike.
• Positive Sentiment: Recent articles say WDC is benefiting from a rebound in memory and storage stocks as investors regain confidence in AI infrastructure spending and storage demand. Western Digital and Seagate Surge 7%, Micron and SanDisk Climb 6% as Memory Selloff Reverses
• Positive Sentiment: Zacks and other commentary continue to frame Western Digital as an AI infrastructure winner, citing strong revenue growth, margin expansion, and an improved outlook for future earnings. Micron & One AI Infrastructure Stock to Buy Now for Big Upside
• Neutral Sentiment: One item flagged an apparent short-interest update showing zero shares reported, but the data appears unusual and is unlikely to be a meaningful trading signal on its own.
• Negative Sentiment: Some valuation-focused commentary suggests the stock may be getting expensive on earnings metrics even after its strong run, which could limit upside if growth expectations cool. Western Digital (WDC) Stock Looks Cheap On Cash Flow But Rich On Earnings

Insider Buying and Selling

In related news, Director Bruce E. Kiddoo sold 750 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the completion of the transaction, the director owned 3,903 shares of the company’s stock, valued at $2,062,813.56. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 598,150 shares of the company’s stock, valued at $246,342,096. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 29,322 shares of company stock valued at $12,768,550. 0.18% of the stock is owned by insiders.

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.