Western Digital (WDC)

• Market cap: $23.1B
• 1 day: 1.66%
• 5 days: 0.52%
• 1 month: 18.81%
• 3 months: 92.27%
• 6 months: 41.08%
• Year to date: 41.45%
• 1 year: 12.41%
• 5 years: 109.11%
• 10 years: 12.60%
• Sector: Technology
• Industry: Computer Hardware

About: Western Digital is a leading, vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly with, Western Digital and Seagate being the two largest players. Western Digital designs and manufacturers its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.

Employees: 51,000

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

118% more call options, than puts

Call options by funds: $953M | Put options by funds: $437M

38% more repeat investments, than reductions

Existing positions increased: 272 | Existing positions reduced: 197

3.93% more ownership

Funds ownership: 97.1% [Q4 2024] → 101.03% (+3.93%) [Q1 2025]

7% less funds holding

Funds holding: 697 [Q4 2024] → 646 (-51) [Q1 2025]

20% less funds holding in top 10

Funds holding in top 10: 20 [Q4 2024] → 16 (-4) [Q1 2025]

29% less capital invested

Capital invested by funds: $20B [Q4 2024] → $14.2B (-$5.84B) [Q1 2025]

30% less first-time investments, than exits

New positions opened: 97 | Existing positions closed: 139

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 32% downside
• Avg. target: $69 4% upside
• High target: $130 97% upside

11 analyst ratings

• positive: 9 82%
• neutral: 2 18%
• negative: 0 0%

Citigroup Asiya Merchant	18% upside $78	Buy Maintained	11 Jul 2025
Goldman Sachs James Sheehan	97% upside $130	Neutral Initiated	10 Jul 2025
Morgan Stanley Erik Woodring	18% upside $78	Overweight Maintained	17 Jun 2025
B of A Securities Wamsi Mohan	7% upside $71	Buy Maintained	9 Jun 2025
Morgan Stanley Joseph Moore	6% upside $70	Overweight Maintained	23 May 2025