Western Digital Corporation $WDC Holdings Lowered by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its position in shares of Western Digital Corporation (NASDAQ:WDC) by 11.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,421 shares of the data storage provider’s stock after selling 24,722 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.05% of Western Digital worth $22,141,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. SYM FINANCIAL Corp purchased a new position in shares of Western Digital during the second quarter valued at $225,000. Mirae Asset Global Investments Co. Ltd. boosted its position 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 worth $6,281,000 after acquiring an additional 5,731 shares during the period. LBP AM SA purchased a new position in Western Digital during the 3rd quarter valued at about $641,000. Nordea Investment Management AB increased its holdings in shares of 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 purchasing an additional 2,656 shares during the period. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Western Digital in the 3rd quarter valued at about $636,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital Stock Performance

NASDAQ WDC opened at $284.11 on Wednesday. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $307.50. The company has a 50 day moving average of $221.45 and a 200-day moving average of $155.08. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The firm has a market cap of $96.32 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 0.65 and a beta of 1.80.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results 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. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 earnings per share. On average, equities analysts forecast that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

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

Analyst Ratings Changes

WDC has been the topic of several analyst reports. Argus set a $300.00 price target on shares of Western Digital in a research note on Tuesday, February 3rd. Susquehanna reissued a “neutral” rating and set a $285.00 target price on shares of Western Digital in a research report on Friday, February 6th. Bank of America raised their target price on Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Robert W. Baird set a $310.00 price target on Western Digital in a research note on Monday, February 2nd. Finally, Truist Financial set a $310.00 target price on Western Digital in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and an average price target of $265.58.

Insider Buying and Selling at Western Digital

In related news, Director Roxanne Oulman sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $154.42, for a total value of $277,956.00. Following the completion of the sale, the director directly owned 3,863 shares in the company, valued at approximately $596,524.46. The trade was a 31.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kimberly Alexy sold 1,768 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total value of $272,272.00. Following the transaction, the director owned 3,585 shares in the company, valued at approximately $552,090. This trade represents a 33.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,522 shares of company stock worth $17,661,708 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: AI customers have bought essentially all WD hard-drive capacity for 2026, creating immediate revenue visibility, stronger utilization and pricing leverage for HDDs. This is the primary driver behind the stock strength. AI Demand Clears Out Western Digital’s Hard Drive Supply for 2026
• Positive Sentiment: Market reaction: analysts and market outlets report the “sold out” message has already pushed the stock higher as investors price in stronger FY26 revenue and margin tailwinds from AI hyperscalers. Western Digital Stock Jumps on Huge AI Hard Drive Demand
• Positive Sentiment: Multiple tech outlets note the shortage extends across HDD and enterprise SSD supply, implying pricing power and higher ASPs for storage products. That supports revenue/margin upside. Thanks to AI, WD and Seagate SSDs are about to get much more expensive
• Positive Sentiment: Sell‑side sentiment is warming — Cantor Fitzgerald and Goldman Sachs raised WDC price targets, reinforcing the bullish thesis and supporting further multiple expansion. Cantor Fitzgerald and Goldman Sachs lift Western Digital (WDC) price targets
• Positive Sentiment: Company actions: WDC expanded buybacks (announced previously), supporting shareholder returns and signaling confidence in free cash flow as AI demand lifts sales. That is a constructive catalyst for the stock. Is Western Digital’s $4B Buyback Plan a Smart Move or a Risk?
• Neutral Sentiment: Zacks added WDC to their Rank #1 (Strong Buy) growth list, reflecting momentum but not changing fundamentals by itself. Best Growth Stocks to Buy for February 17th
• Neutral Sentiment: WDC plans to sell some Sandisk shares to bolster its balance sheet and reduce debt; that will raise cash and lower leverage but reduces its stake in an asset — a balance-sheet move investors should watch for execution and timing. Sandisk’s stock falls as Western Digital plans to sell shares. What investors need to know.
• Neutral Sentiment: Corporate governance/relations: WDC CFO Kris Sennesael joined the board of MaxLinear — a non-core development that may broaden industry relationships but has limited direct impact on WDC’s financials. MaxLinear Adds Western Digital CFO Kris Sennesael to Board
• Negative Sentiment: Risks: analysts and some commentaries warn buybacks and heavier capital returns come as WDC remains cyclical and indebted; if AI demand cools, capacity-led cycles could reverse margins quickly. Investors should weigh buyback upside against cyclicality and leverage risk. Is Western Digital’s $4B Buyback Plan a Smart Move or a Risk?

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.