Western Digital Corporation $WDC Stock Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 12.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,317 shares of the data storage provider’s stock after purchasing an additional 5,731 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Western Digital were worth $6,281,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WDC. ORG Partners LLC raised its stake in Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Private Wealth Management Group LLC grew its position in Western Digital by 102.5% in the second quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock worth $26,000 after buying an additional 202 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 407 shares during the period. NewSquare Capital LLC raised its holdings in Western Digital by 86.9% during the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after buying an additional 205 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 204 shares during the period. Institutional investors own 92.51% of the company’s stock.

Analyst Ratings Changes

WDC has been the topic of a number of research reports. Evercore ISI reiterated an “outperform” rating and issued a $230.00 target price on shares of Western Digital in a report on Friday, January 16th. Morgan Stanley raised their price objective on Western Digital to $306.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America boosted their target price on shares of Western Digital from $197.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Western Digital in a research report on Monday, December 29th. Finally, The Goldman Sachs Group boosted their price target on Western Digital from $165.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $244.95.

Western Digital Stock Down 10.1%

WDC opened at $250.23 on Friday. The stock has a fifty day moving average of $193.60 and a 200-day moving average of $137.10. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $285.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. The company has a market capitalization of $85.55 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.33 and a beta of 1.78.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.20. Western Digital had a return on equity of 44.67% and a net margin of 35.52%.The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The firm’s revenue was up 25.2% compared to the same quarter last year. On average, equities analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 5th. Western Digital’s dividend payout ratio is presently 5.02%.

Insider Buying and Selling

In other Western Digital news, insider Cynthia L. Tregillis sold 447 shares of Western Digital stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $229.00, for a total value of $102,363.00. Following the transaction, the insider owned 143,318 shares in the company, valued at $32,819,822. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $150.69, for a total value of $3,013,800.00. Following the sale, the chief executive officer owned 645,467 shares in the company, valued at approximately $97,265,422.23. The trade was a 3.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 26,816 shares of company stock valued at $4,116,148. Insiders own 0.18% of the company’s stock.

Western Digital News Roundup

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

• Positive Sentiment: Q2 results beat and upbeat guidance — WDC reported $2.13 EPS vs. ~$1.93 consensus and revenue of $3.02B (+25% Y/Y); management guided Q3 well above Street estimates, citing strong demand from AI/data center customers. Western Digital Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts turn more bullish — several firms upped ratings/targets (Wells Fargo $335, Wedbush $325, TD Cowen to $325, Morgan Stanley, Citi maintain/raise Buy calls), reflecting expectations for sustained AI-led capacity demand and margin upside. Analyst Coverage & Price Target Changes
• Positive Sentiment: Management and CEO comments highlight AI-driven storage growth — CEO Irving Tan emphasized that AI inference is generating more data and requiring more storage, supporting ongoing demand for high‑capacity HDDs and flash. Western Digital CEO: AI inference is generating more data and requiring storage hence demand growth
• Positive Sentiment: Company to outline AI storage roadmap at Feb. 3 Innovation Day — investors have an upcoming event to get product/roadmap detail, which could provide further visibility on TAM and upside. Dear Western Digital Stock Fans, Mark Your Calendars for February 3
• Neutral Sentiment: Small quarterly dividend declared — WDC announced a $0.125 per‑share dividend (ex‑dividend Mar 5), a token yield that is unlikely to materially move the stock but may be noted by income investors.
• Negative Sentiment: Shares gave back gains after the initial rally — despite the beat and strong guide, intraday profit‑taking and repositioning pushed the stock down on elevated volume, suggesting some investors are booking gains after a rapid run. Western Digital Shares Give Up Gains After Earnings Beat, Strong Guidance
• Negative Sentiment: Technical/positioning risks — some analysts and market pieces noted WDC was overbought ahead of results; after a big run to an all‑time high, elevated expectations increase the risk of short‑term pullbacks. Overbought Ahead of Earnings

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.