Sumitomo Mitsui DS Asset Management Company Ltd Acquires 19,082 Shares of Western Digital Corporation $WDC

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 26.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,447 shares of the data storage provider’s stock after purchasing an additional 19,082 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Western Digital were worth $10,979,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pure Financial Advisors LLC raised its position in Western Digital by 3.1% during the 3rd quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock worth $430,000 after purchasing an additional 107 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Western Digital by 3.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock worth $465,000 after acquiring an additional 114 shares during the last quarter. CVA Family Office LLC raised its position in shares of Western Digital by 23.7% during the second quarter. CVA Family Office LLC now owns 904 shares of the data storage provider’s stock worth $58,000 after acquiring an additional 173 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of Western Digital by 47.2% in the second quarter. Manchester Capital Management LLC now owns 577 shares of the data storage provider’s stock worth $37,000 after acquiring an additional 185 shares during the period. Finally, Forum Financial Management LP boosted its holdings in Western Digital by 3.4% in the second quarter. Forum Financial Management LP now owns 5,895 shares of the data storage provider’s stock valued at $377,000 after acquiring an additional 193 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $200.46 on Friday. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 1.24 and a beta of 1.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $221.23. The firm’s 50-day simple moving average is $169.97 and its 200 day simple moving average is $119.07.

Western Digital (NASDAQ:WDC) last posted its earnings results on Monday, April 7th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. The firm had revenue of $4.10 billion during the quarter. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. As a group, research analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $0.125 dividend. This is an increase from Western Digital’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s payout ratio is presently 7.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Rosenblatt Securities upped their price objective on shares of Western Digital from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Bank of America upped their price target on shares of Western Digital from $170.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Cowen reiterated a “buy” rating on shares of Western Digital in a report on Friday, October 31st. Susquehanna reissued a “neutral” rating and issued a $135.00 price objective on shares of Western Digital in a research note on Thursday, November 6th. Finally, Wells Fargo & Company upped their target price on Western Digital from $150.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Western Digital has an average rating of “Moderate Buy” and an average target price of $177.50.

Insider Activity at Western Digital

In other news, Director Roxanne Oulman sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total transaction of $277,956.00. Following the completion of the sale, the director owned 3,863 shares in the company, valued at $596,524.46. This trade represents a 31.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cynthia L. Tregillis sold 2,801 shares of Western Digital stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $160.57, for a total transaction of $449,756.57. Following the completion of the sale, the insider directly owned 144,596 shares in the company, valued at $23,217,779.72. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,369 shares of company stock worth $4,013,785. 0.18% of the stock is currently owned by corporate insiders.

Western Digital News Summary

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

• Positive Sentiment: Intraday institutional order‑flow bullish signal (Power Inflow) triggered near $187.86, drawing buying interest and helping reverse an early pullback. Western Digital Shares Rise 5% After Key Trading Signal
• Positive Sentiment: Higher‑capacity HDDs and hyperscaler demand are cited as the main drivers of revenue growth and outlook improvement, supporting the firm’s core enterprise storage business and margins. Higher Capacity HDDs Drive Western Digital’s Revenue Growth
• Positive Sentiment: Momentum: coverage notes WDC has risen more than 9% YTD and enjoyed very strong gains in 2025, which can attract momentum and growth‑oriented flows. Western Digital Corporation (WDC) Has Risen More Than 9% Since the Start of 2026
• Positive Sentiment: Analyst/earnings setup: previews point to double‑digit EPS growth expectations ahead of Western Digital’s Q2 report, which reinforces the fundamental case for the rally. Western Digital Earnings Preview: What to Expect
• Neutral Sentiment: Unusually high options volume indicates elevated short‑term interest and positioning; could amplify intraday moves but is ambiguous on direction unless one can see call/put skew. Western Digital Sees Unusually High Options Volume (NASDAQ:WDC)
• Neutral Sentiment: Consumer SSD branding updates (WD Black/Blue → SanDisk Optimus collection) are product‑level news that support retail visibility but are unlikely to materially change near‑term enterprise revenue. WD Black and WD Blue gaming SSDs have transformed into the Sandisk Optimus Collection
• Negative Sentiment: Sector froth/risk: commentary on memory and chip stocks running hot raises the risk of an overheated trade and mean‑reversion if macro or AI demand narratives slow. That poses short‑term downside if momentum reverses. Memory Chip Stocks are Red-Hot. Is it Too Late to Buy?

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.