Western Digital Corporation $WDC Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,754 shares of the data storage provider’s stock after selling 3,676 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Western Digital were worth $2,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ORG Partners LLC increased its stake in shares of Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of 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 acquiring an additional 204 shares during the period. Grove Bank & Trust acquired a new position in shares of Western Digital during the 3rd quarter valued at about $30,000. Westfuller Advisors LLC acquired a new position in shares of Western Digital during the 3rd quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of Western Digital by 207.0% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Buying and Selling

In other news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew E. Massengill sold 36,926 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,795 shares of company stock worth $24,265,884 in the last quarter. Company insiders own 0.18% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Fundamentals: WDC’s January quarter beat estimates (EPS and revenue) and showed strong revenue growth and margins, giving investors a fundamental reason to bid the stock higher.
• Positive Sentiment: AI/storage tailwind: Analysts and market writeups highlight memory & storage stocks benefiting from the AI build‑out, a structural demand driver that supports further upside for WDC. Why Memory Stocks Are Winning the AI Boom While Big Tech Struggles
• Positive Sentiment: Analyst / media bullishness: Recent pieces laying out reasons WDC could keep climbing add to positive sentiment and attract momentum buyers. 2 Reasons Why Western Digital Stock Could Keep Climbing In 2026
• Positive Sentiment: Market reaction coverage: Market headlines pointing out WDC’s intraday gain help reinforce buying interest. Western Digital (WDC) Increases Despite Market Slip: Here’s What You Need to Know
• Neutral Sentiment: Short‑interest reporting appears unreliable: several feeds flagged a “large increase” in short interest but the numeric entries show zeros/NaN — this looks like a data glitch and shouldn’t be read as a true short‑squeeze signal.
• Neutral Sentiment: Volume and retail signals: Today’s advance occurred on below‑average volume, and isolated retail discounts (e.g., a WD Elements promo) are unlikely to materially change demand trends. Western Digital WD Elements Desktop External Hard Drive drops to $548.25
• Negative Sentiment: Valuation & positioning risk: WDC is trading near its highs and at an elevated P/E versus historical levels — that raises pullback risk if AI demand growth or margin assumptions disappoint.

Western Digital Stock Performance

Shares of WDC stock opened at $301.05 on Wednesday. The firm has a 50 day moving average of $269.02 and a two-hundred day moving average of $190.51. The stock has a market capitalization of $102.07 billion, a PE ratio of 30.20, a P/E/G ratio of 0.68 and a beta of 1.76. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. Western Digital Corporation has a 52 week low of $28.83 and a 52 week high of $319.62.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data 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. 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 company’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 earnings per share. On average, research analysts predict that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.50 annualized dividend and a yield of 0.2%. Western Digital’s dividend payout ratio is 5.02%.

Analyst Upgrades and Downgrades

WDC has been the subject of several recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $340.00 price objective on shares of Western Digital in a research report on Wednesday, February 4th. Weiss Ratings raised shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Robert W. Baird set a $310.00 price target on shares of Western Digital in a report on Monday, February 2nd. The Goldman Sachs Group set a $250.00 price target on shares of Western Digital in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company upped their price objective on Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, January 30th. 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 stock. According to MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.58.

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.