2,199 Shares in Western Digital Corporation $WDC Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,199 shares of the data storage provider’s stock, valued at approximately $1,405,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its holdings in Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 407 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Western Digital during the 1st quarter valued at approximately $32,000. Swiss RE Ltd. purchased a new position in shares of Western Digital in the fourth quarter valued at $32,000. BOKF NA grew its stake in shares of Western Digital by 6,700.0% in the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after buying an additional 268 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Western Digital in the 3rd quarter worth about $33,000. Institutional investors own 92.51% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Western Digital continues to benefit from improving earnings expectations, stronger storage pricing, and AI-driven cloud demand. Recent coverage characterized the company as a momentum candidate, while its latest results exceeded analyst estimates and management provided a strong fiscal 2027 outlook. Why Western Digital Is a Great Momentum Choice
• Positive Sentiment: Analysts and market commentators remain constructive on the broader memory and storage cycle, citing supply constraints, rising demand from artificial intelligence infrastructure, and potential for continued earnings growth. Jim Cramer on Memory and Storage Stocks
• Neutral Sentiment: The stock’s recent rally was supported by bullish commentary about a potential memory bottleneck and by optimism surrounding the company’s margins and forecast-beating outlook. Those gains have left WDC and its peers more sensitive to profit-taking and changes in investor sentiment. Western Digital Stock Jumps as Memory Rally Accelerates
• Negative Sentiment: Rising Treasury yields are pressuring richly valued AI and semiconductor-related shares, encouraging investors to rotate away from the extended memory trade. Western Digital is declining alongside Micron and SanDisk despite the absence of a company-specific negative announcement. Higher Rates Test the Memory Boom
• Negative Sentiment: A Wall Street Journal report concerning previously undisclosed AI spending commitments appears to have intensified concerns about AI-related valuations and corporate spending, weighing on the entire memory and storage group. WSJ Report Sends Memory Stocks Down

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore reiterated an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a research report on Tuesday, May 26th. Morgan Stanley reissued an “overweight” rating and set a $676.00 target price on shares of Western Digital in a research report on Thursday, August 6th. Summit Insights lowered shares of Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $400.00 price target on shares of Western Digital in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and an average price target of $534.56.

Insider Activity at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 2,475 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $556.24, for a total value of $1,376,694.00. Following the transaction, the insider directly owned 85,154 shares in the company, valued at $47,366,060.96. This represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the transaction, the chief executive officer directly owned 575,966 shares in the company, valued at approximately $256,287,591.02. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 25,093 shares of company stock worth $11,650,737. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Down 7.4%

Shares of Western Digital stock opened at $496.16 on Wednesday. The stock’s fifty day moving average is $556.08 and its two-hundred day moving average is $430.29. Western Digital Corporation has a 52 week low of $73.14 and a 52 week high of $799.87. The company has a market capitalization of $171.02 billion, a PE ratio of 20.49 and a beta of 2.14.

Western Digital (NASDAQ:WDC) last released its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.25. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.70 billion. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The business’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, research analysts anticipate that Western Digital Corporation will post 19.65 earnings per share for the current year.

Western Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital’s dividend payout ratio (DPR) is currently 2.48%.

Western Digital Company 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.