2,944 Shares in Western Digital Corporation $WDC Bought by Groupama Asset Managment

Groupama Asset Managment acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,944 shares of the data storage provider’s stock, valued at approximately $353,000.

Other hedge funds have also modified their holdings of the company. 44 Wealth Management LLC boosted its position in Western Digital by 0.8% during the 3rd quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock worth $1,120,000 after acquiring an additional 78 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Western Digital by 7.1% in the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock valued at $154,000 after purchasing an additional 85 shares during the last quarter. Pure Financial Advisors LLC raised its holdings in shares of Western Digital by 3.1% in the third quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock valued at $430,000 after purchasing an additional 107 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of Western Digital by 57.7% in the third quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock worth $37,000 after purchasing an additional 113 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of Western Digital by 3.0% in the third quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock worth $465,000 after purchasing an additional 114 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

Western Digital Stock Performance

NASDAQ:WDC opened at $293.10 on Friday. The stock has a 50 day simple moving average of $265.63 and a 200 day simple moving average of $186.89. The stock has a market cap of $99.37 billion, a P/E ratio of 29.40, a PEG ratio of 0.68 and a beta of 1.76. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $319.62. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34.

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

Western Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Thursday, March 5th were given 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 was Thursday, March 5th. Western Digital’s dividend payout ratio is currently 5.02%.

Insider Activity at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the sale, the chief executive officer owned 623,586 shares of the company’s stock, valued at approximately $159,288,807.84. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the sale, the insider directly owned 107,794 shares in the company, valued at approximately $29,137,796.14. This trade represents a 8.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 92,795 shares of company stock worth $24,265,884 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on WDC. Rosenblatt Securities reiterated a “buy” rating and issued a $340.00 price target on shares of Western Digital in a research note on Wednesday, February 4th. Cantor Fitzgerald increased their price objective on shares of Western Digital to $325.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Wall Street Zen cut Western Digital from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Mizuho upped their target price on Western Digital to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Truist Financial set a $310.00 price target on Western Digital in a research report on Tuesday, February 3rd. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $265.58.

Trending Headlines about Western Digital

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

• Positive Sentiment: Hyperscaler partnerships are strengthening revenue visibility for fiscal 2026 and support Western Digital’s high-capacity storage roadmap for AI/data-center customers — a demand-side fundamental that underpins longer-term sales growth. Western Digital’s Hyperscaler Momentum Boosts Revenue Visibility
• Positive Sentiment: Technical momentum remains constructive — analysts and chart watchers cite a recent golden-cross (50-day SMA crossing above 200-day SMA), which can attract trend-following capital and support the stock on pullbacks. These 2 Data Storage Stocks Just Flashed Golden Crosses
• Neutral Sentiment: Valuation and momentum are now front-and-center — recent outsized gains have left investors parsing whether current prices already reflect near-term demand upside; some coverage frames current moves as momentum-driven rather than news-driven. Western Digital (WDC) Valuation Check After Strong Recent Share Price Momentum
• Negative Sentiment: Profit-taking and a “reset” in expectations after the AI-driven run-up appear to be the immediate catalysts; a recent conference presentation was treated by some traders as a sell-the-news event rather than a fresh demand surprise. Additionally, management’s move to monetize remaining SanDisk stake (cash-raising to reduce debt) may be viewed as balance-sheet cleanup rather than an earnings accelerator. Heavy insider selling (many recent open-market sales, few/zero purchases) adds to negative perception. Western Digital (WDC) slides as investors extend a pullback after a sharp AI-driven run-up

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.