ABN Amro Investment Solutions Raises Holdings in Western Digital Corporation $WDC

ABN Amro Investment Solutions boosted its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 19.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,683 shares of the data storage provider’s stock after acquiring an additional 3,378 shares during the quarter. ABN Amro Investment Solutions’ holdings in Western Digital were worth $5,595,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WDC. Norges Bank acquired a new position in shares of Western Digital in the 4th quarter worth approximately $788,729,000. Soroban Capital Partners LP increased its holdings in Western Digital by 1,926.3% in the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after purchasing an additional 2,910,062 shares during the last quarter. Polar Capital Holdings Plc purchased a new stake in Western Digital in the third quarter valued at approximately $221,800,000. National Pension Service lifted its stake in Western Digital by 267.6% during the fourth quarter. National Pension Service now owns 1,691,659 shares of the data storage provider’s stock worth $291,422,000 after purchasing an additional 1,231,477 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Western Digital by 70.4% during the fourth quarter. AQR Capital Management LLC now owns 2,972,703 shares of the data storage provider’s stock worth $512,107,000 after buying an additional 1,228,661 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Rosenblatt Securities boosted their price objective on Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Evercore reissued an “outperform” rating and issued a $575.00 price objective on shares of Western Digital in a research note on Tuesday, May 26th. Jefferies Financial Group set a $575.00 price objective on shares of Western Digital in a report on Tuesday, May 26th. Finally, Melius Research set a $1,050.00 target price on shares of Western Digital and gave the stock a “buy” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $520.32.

Insider Activity

In related news, Director Bruce E. Kiddoo sold 750 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the transaction, the director owned 3,903 shares in the company, valued at approximately $2,062,813.56. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 432 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the transaction, the insider owned 116,643 shares in the company, valued at approximately $63,640,420.80. This trade represents a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,959 shares of company stock valued at $12,631,666 in the last 90 days. Company insiders own 0.18% of the company’s stock.

More Western Digital News

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

• Positive Sentiment: Analysts and market commentators are highlighting Western Digital as a top AI/storage beneficiary with short-term upside potential after recent volatility. Buy 3 Top-Ranked AI Giants on the Dip Amid Short-Term Price Upside
• Positive Sentiment: Western Digital and Kioxia have reportedly restarted merger talks focused on combining flash memory assets, which could create a larger NAND player and improve strategic positioning. Western Digital (WDC) Revives Kioxia Merger Talks Over Flash Memory Assets
• Neutral Sentiment: Western Digital was also included in broader coverage of the AI trade returning to favor, with chip stocks and memory names rebounding together ahead of major tech earnings. The Stock Market’s AI Trade Is Back With a Bang
• Neutral Sentiment: Gene Munster’s comments about a potential 2027 AI-driven hardware upgrade cycle add to the bullish long-term narrative for memory demand, though this is more of a thematic tailwind than an immediate catalyst. AAPL, HPQ, SNDK, WDC: Gene Munster Says ‘Memory Hog’ AI Will Trigger a Massive 2027 Upgrade Cycle

Western Digital Price Performance

Shares of NASDAQ WDC opened at $556.67 on Thursday. The company has a market cap of $191.87 billion, a price-to-earnings ratio of 33.23 and a beta of 2.11. The stock’s 50-day moving average is $562.77 and its two-hundred day moving average is $393.59. Western Digital Corporation has a 1-year low of $66.51 and a 1-year high of $799.87.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business posted $1.36 EPS. The business’s quarterly revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities research analysts anticipate that Western Digital Corporation will post 9.61 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, June 5th. This is a positive change from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s dividend payout ratio (DPR) is 3.58%.

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.