Western Digital Corporation $WDC Stock Position Raised by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of Western Digital Corporation (NASDAQ:WDC) by 5.1% in the third quarter, Holdings Channel reports. The institutional investor owned 366,125 shares of the data storage provider’s stock after buying an additional 17,684 shares during the period. Pictet Asset Management Holding SA’s holdings in Western Digital were worth $166,382,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WDC. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Western Digital during the 2nd quarter worth $28,000. Dunhill Financial LLC purchased a new position in shares of Western Digital during the 2nd quarter worth approximately $29,000. Valley National Advisers Inc. lifted its stake in Western Digital by 182.6% in the 3rd quarter. Valley National Advisers Inc. now owns 65 shares of the data storage provider’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Western Digital in the 2nd quarter valued at approximately $31,000. Finally, Valley Wealth Managers Inc. purchased a new stake in Western Digital in the 1st quarter valued at approximately $32,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Western Digital news, insider Vidyadhara K. Gubbi sold 1,795 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $459.87, for a total value of $825,466.65. Following the completion of the transaction, the insider directly owned 80,571 shares of the company’s stock, valued at $37,052,185.77. This represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cynthia L. Tregillis sold 1,007 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $478.36, for a total value of $481,708.52. Following the completion of the transaction, the insider owned 112,155 shares in the company, valued at approximately $53,650,465.80. This trade represents a 0.89% decrease in their position. 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. In the last ninety days, insiders have sold 25,436 shares of company stock valued at $11,340,064. Corporate insiders own 0.20% of the company’s stock.

Western Digital Price Performance

WDC stock opened at $263.78 on Monday. The business has a fifty day simple moving average of $406.75 and a 200-day simple moving average of $418.97. The company has a market cap of $98.74 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.93 and a beta of 2.27. Western Digital Corporation has a 52 week low of $132.43 and a 52 week high of $799.87.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.53. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Western Digital had a return on equity of 55.62% and a net margin of 69.20%. The company’s revenue for the quarter was up 55.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS. As a group, analysts expect that Western Digital Corporation will post 23.62 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.1750 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, December 4th. Western Digital’s payout ratio is presently 2.72%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen cut Western Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. Citigroup cut their price target on Western Digital from $740.00 to $660.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Susquehanna set a $405.00 price objective on Western Digital in a research report on Friday, October 23rd. Wedbush upped their price objective on Western Digital from $540.00 to $650.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, UBS Group reaffirmed a “buy” rating and set a $625.00 price objective on shares of Western Digital in a research note on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $591.04.

Western Digital News Summary

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

• Positive Sentiment: Storage and memory stocks recovered as investors reassessed fears that election-related policy changes would derail AI investment. Strategists say the AI buildout is still expected to continue, though potentially on a longer timeline. Western Digital Stock Rebounds as Wall Street Bets AI Storage Demand Outlasts Election Rout
• Positive Sentiment: Fundamental commentary highlights stronger pricing, demand for higher-capacity hard drives, and operational efficiencies as drivers of Western Digital’s gross-margin expansion. Zacks Research also upgraded the stock from “hold” to “strong-buy.” Western Digital’s Gross Margin Momentum: How Long Can It Last?
• Neutral Sentiment: Analyst sentiment remains broadly supportive, with a reported consensus Buy rating and average price target near $589. However, one valuation estimate was recently reduced from $650.67 to $613.38, reflecting a reassessment of HDD strength, spending plans, and future supply. Nasdaq Suffers Worst AI Panic in Years as Nvidia, SanDisk, and Western Digital Sink Western Digital Stock Sees Fair Value Cut
• Negative Sentiment: Investors are concerned that proposed federal oversight, permitting restrictions, or caps on new data centers could slow AI infrastructure spending—an important source of expected storage demand. That concern drove a sharp selloff Thursday before the reported rebound. Why Are Western Digital Shares Falling on AI Data Center Policy Risk?

Western Digital Profile

Western Digital Corporation (NASDAQ: WDC) develops and supplies hard disk drives (HDDs) and related data-storage products. Its drives serve data centers and cloud providers, as well as businesses and consumers who need storage for computers, network-attached storage systems, surveillance and other applications. Its product brands include WD and Ultrastar.

Founded in 1970, the company began as an electronics and semiconductor business before expanding into data storage. In February 2025, Western Digital completed the separation of its flash-memory business into the independently traded SanDisk Corporation, leaving Western Digital focused on HDDs.

Western Digital serves customers around the world.