Western Digital Corporation $WDC Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its holdings in Western Digital Corporation (NASDAQ:WDC) by 23.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,809 shares of the data storage provider’s stock after purchasing an additional 3,730 shares during the period. Penserra Capital Management LLC’s holdings in Western Digital were worth $2,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WDC. ORG Partners LLC raised its holdings in Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after buying an additional 117 shares during the period. Private Wealth Management Group LLC lifted its stake in Western Digital by 102.5% during the second quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock worth $26,000 after purchasing an additional 202 shares in the last quarter. Rakuten Securities Inc. increased its stake in 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 increased its stake 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. lifted its holdings in Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after buying an additional 204 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Western Digital news, Director Kimberly Alexy sold 1,768 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total transaction of $272,272.00. Following the transaction, the director directly owned 3,585 shares in the company, valued at $552,090. This represents a 33.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cynthia L. Tregillis sold 6,780 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $270.49, for a total value of $1,833,922.20. Following the transaction, the insider owned 136,538 shares in the company, valued at $36,932,163.62. This trade represents a 4.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 70,522 shares of company stock worth $17,661,708 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

Shares of NASDAQ WDC opened at $282.58 on Friday. Western Digital Corporation has a 12 month low of $28.83 and a 12 month high of $296.50. The company has a market cap of $95.81 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 0.68 and a beta of 1.80. The company has a 50-day simple moving average of $205.35 and a 200-day simple moving average of $143.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating 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 business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the business earned $1.77 earnings per share. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, equities analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Dividend Announcement

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 issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 5th. Western Digital’s dividend payout ratio (DPR) is presently 5.02%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WDC. New Street Research set a $250.00 price target on Western Digital in a research report on Tuesday. The Goldman Sachs Group set a $250.00 price objective on shares of Western Digital in a report on Tuesday. Citigroup raised their price target on Western Digital to $325.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Wells Fargo & Company raised their price objective on shares of Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Robert W. Baird set a $310.00 target price on shares of Western Digital in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.58.

Key Western Digital News

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

• Positive Sentiment: Board approved an incremental $4 billion share-repurchase program — a large, explicit capital-return move that supports demand for the stock and signals confidence from the board. Reuters: Western Digital adds $4 billion to buyback plan
• Positive Sentiment: Innovation Day unveiled an AI-focused storage roadmap (claims of up to 8x performance improvements and path to 100TB+ HDDs), reinforcing WDC’s positioning in AI training/data-center storage — supports longer-term demand expectations. PCWorld: WD maps out 8x performance boosts
• Positive Sentiment: Analyst community is upgrading WDC and lifting targets (several notes to Buy/Overweight and new street-high targets), which fuels short-term momentum and buy-side interest. Barchart: New street-high price target
• Positive Sentiment: Recent quarterly results beat estimates (revenue and EPS strength) and reinforce the “memory supercycle” / AI-driven storage demand thesis — supports earnings growth expectations. Zacks: WDC is up 5.85% in one week
• Neutral Sentiment: Sandisk’s dramatic rally (spun out from WDC) is lifting sentiment across the memory/storage complex — helpful for WDC thematically but also highlights increased sector volatility and comparatives. MarketBeat: Sandisk’s Swings Are Getting Bigger
• Neutral Sentiment: Broader policy moves to secure supply chains for critical minerals are supportive over the long run for domestic hardware supply, but they are not an immediate stock catalyst. MarketBeat: Critical minerals policy
• Negative Sentiment: CEO Irving Tan sold 20,000 shares (~$5.1M) in early February (SEC filing) — an insider sale that can prompt some near-term profit-taking despite his continued large ownership. SEC filing: Insider sale disclosure

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.