Allianz Asset Management GmbH Sells 472,363 Shares of Western Digital Corporation $WDC

Allianz Asset Management GmbH trimmed its holdings in Western Digital Corporation (NASDAQ:WDC) by 61.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,205 shares of the data storage provider’s stock after selling 472,363 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of Western Digital worth $34,962,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WDC. SYM FINANCIAL Corp purchased a new stake in shares of Western Digital in the second quarter worth approximately $225,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Western Digital by 12.3% during 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 acquiring an additional 5,731 shares during the period. LBP AM SA bought a new position in Western Digital in the 3rd quarter valued at $641,000. Nordea Investment Management AB grew its position in Western Digital by 9.6% in the 2nd quarter. Nordea Investment Management AB now owns 30,434 shares of the data storage provider’s stock valued at $1,938,000 after acquiring an additional 2,656 shares during the last quarter. Finally, Callan Family Office LLC purchased a new stake in Western Digital in the second quarter worth $919,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Western Digital

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

• Positive Sentiment: Board approved an additional $4 billion share repurchase program, which supports share price by reducing float and signals management confidence. Read More.
• Positive Sentiment: Company held Innovation Day and unveiled an AI-focused HDD/roadmap (path to 100TB+ drives and High Bandwidth Drive tech) that reinforces WDC’s role in AI data infrastructure and bolsters the long-term demand thesis. Read More.
• Positive Sentiment: Recent results and guidance showed revenue and margin strength, supporting the “memory supercycle” thesis (durable demand for high‑capacity drives), which underpins bullish analyst revisions. Read More.
• Positive Sentiment: Several firms raised price targets and reiterated buys (examples: Mizuho, Rosenblatt), lifting sentiment and feeding momentum into the stock ahead of today’s pullback. Read More.
• Neutral Sentiment: SanDisk (spun off from WDC) is rallying sharply and remains very volatile; the sector rotation into memory benefits WDC but also concentrates exposure to cyclical swings. Read More.
• Neutral Sentiment: Macro/policy moves (U.S. push to secure critical minerals) could support domestic supply chains longer term but are not an immediate stock catalyst. Read More.
• Negative Sentiment: CEO Irving Tan sold 20,000 shares (~$5.1M), a disclosed insider sale that may have prompted short-term profit‑taking or signaled a window for selling after the recent run. Read More.

Insider Activity

In other news, Director Kimberly Alexy sold 1,768 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total value of $272,272.00. Following the sale, the director directly owned 3,585 shares in the company, valued at approximately $552,090. This trade represents a 33.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the transaction, the chief executive officer owned 623,586 shares of the company’s stock, valued at approximately $159,288,807.84. This trade represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,816 shares of company stock valued at $6,211,148. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Rosenblatt Securities reiterated a “buy” rating and set a $340.00 price objective on shares of Western Digital in a report on Wednesday. Argus set a $300.00 target price on shares of Western Digital in a research note on Tuesday. Mizuho raised their target price on shares of Western Digital to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Truist Financial set a $310.00 price target on Western Digital in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and an average target price of $262.25.

Western Digital Stock Performance

Shares of WDC stock opened at $260.19 on Friday. The firm has a market cap of $88.21 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 0.70 and a beta of 1.80. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $296.50. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $202.97 and its 200 day moving average is $142.32.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. Western Digital’s revenue was up 25.2% on a year-over-year basis. On average, sell-side analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

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

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.