Western Digital Corporation $WDC Stake Reduced by Shell Asset Management Co.

Shell Asset Management Co. decreased its position in Western Digital Corporation (NASDAQ:WDC) by 42.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,262 shares of the data storage provider’s stock after selling 2,374 shares during the period. Shell Asset Management Co.’s holdings in Western Digital were worth $392,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after acquiring an additional 3,019 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Western Digital by 229.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after purchasing an additional 967 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Western Digital in the second quarter worth about $307,000. Allspring Global Investments Holdings LLC grew its position in Western Digital by 5.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 17,266 shares of the data storage provider’s stock valued at $1,102,000 after buying an additional 922 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Western Digital during the 2nd quarter valued at about $356,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 6,780 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $270.49, for a total transaction of $1,833,922.20. Following the transaction, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimberly Alexy sold 1,768 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were 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 have sold 70,522 shares of company stock worth $17,661,708 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

WDC stock opened at $284.11 on Wednesday. The firm has a 50 day simple moving average of $221.45 and a 200 day simple moving average of $155.08. Western Digital Corporation has a 52 week low of $28.83 and a 52 week high of $307.50. The stock has a market cap of $96.32 billion, a P/E ratio of 28.50, a P/E/G ratio of 0.65 and a beta of 1.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. 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 earned $1.77 EPS. The company’s revenue was up 25.2% compared to the same quarter last year. Research analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.2%. Western Digital’s dividend payout ratio is 5.02%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WDC shares. Argus set a $300.00 price objective on shares of Western Digital in a report on Tuesday, February 3rd. Robert W. Baird set a $310.00 target price on Western Digital in a research report on Monday, February 2nd. Mizuho increased their price target on Western Digital to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Citigroup boosted their price objective on Western Digital to $325.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, Bank of America upped their price objective on Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and a consensus target price of $265.58.

More Western Digital News

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?

About Western Digital

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.