Osmosis Investment Management UK Ltd Makes New $4.54 Million Investment in Western Digital Corporation $WDC

Osmosis Investment Management UK Ltd bought a new stake in Western Digital Corporation (NASDAQ:WDC) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,100 shares of the data storage provider’s stock, valued at approximately $4,535,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WDC. Handelsbanken Fonder AB boosted its position in Western Digital by 71.4% in the second quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock valued at $147,275,000 after buying an additional 96,078 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Western Digital by 33.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock worth $193,303,000 after buying an additional 282,156 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Western Digital during the fourth quarter worth $20,889,000. World Investment Advisors lifted its stake in shares of Western Digital by 145.8% in the 4th quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock valued at $1,025,000 after acquiring an additional 3,529 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Western Digital by 62.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 342,516 shares of the data storage provider’s stock valued at $59,040,000 after acquiring an additional 131,247 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $459.44 on Monday. The firm has a market cap of $158.36 billion, a P/E ratio of 18.98 and a beta of 2.14. Western Digital Corporation has a 12-month low of $74.57 and a 12-month high of $799.87. The business has a fifty day simple moving average of $552.24 and a 200 day simple moving average of $434.46.

Western Digital (NASDAQ:WDC) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, topping the consensus estimate of $3.31 by $0.25. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the business earned $1.66 EPS. The business’s quarterly revenue was up 43.8% compared to the same quarter last year. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, equities research analysts expect that Western Digital Corporation will post 19.65 EPS for the current year.

Western Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.60 annualized dividend and a yield of 0.1%. Western Digital’s dividend payout ratio is presently 2.48%.

Insider Activity

In other Western Digital news, Director Bruce E. Kiddoo sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the transaction, the director owned 3,903 shares in the company, valued at approximately $2,062,813.56. This trade represents a 16.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the transaction, the insider owned 85,154 shares in the company, valued at $47,366,060.96. This trade represents a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,679 shares of company stock worth $11,451,605. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen boosted their price objective on Western Digital from $500.00 to $540.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $400.00 target price on shares of Western Digital in a research report on Friday, May 1st. Bank of America lifted their price target on Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Melius Research set a $1,050.00 price target on Western Digital and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Wells Fargo & Company upped their price objective on Western Digital from $575.00 to $730.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $534.56.

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.