Western Digital (WDC)

• Market cap: $17.2B
• 1 day: 0.39%
• 5 days: 9.45%
• 1 month: 37.35%
• 3 months: -28.06%
• 6 months: -22.18%
• Year to date: -20.48%
• 1 year: -33.10%
• 5 years: 21.96%
• 10 years: -50.01%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

84% more call options, than puts

Call options by funds: $1.54B | Put options by funds: $834M

23% more repeat investments, than reductions

Existing positions increased: 264 | Existing positions reduced: 214

19% more first-time investments, than exits

New positions opened: 121 | Existing positions closed: 102

4.83% more ownership

Funds ownership: 92.21% [Q3] → 97.04% (+4.83%) [Q4]

1% more funds holding

Funds holding: 685 [Q3] → 695 (+10) [Q4]

7% less capital invested

Capital invested by funds: $21.6B [Q3] → $20B (-$1.61B) [Q4]

9% less funds holding in top 10

Funds holding in top 10: 22 [Q3] → 20 (-2) [Q4]

Research analyst outlook

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

• Low target: $40 19% downside
• Avg. target: $55 12% upside
• High target: $68 38% upside

12 analyst ratings

• positive: 10 83%
• neutral: 2 17%
• negative: 0 0%

Morgan Stanley Joseph Moore 54% 1-year accuracy 36 / 67 met price target	10% upside $54	Overweight Maintained	1 May 2025
TD Securities Krish Sankar 4% 1-year accuracy 1 / 23 met price target	8% upside $53	Buy Maintained	1 May 2025
Wells Fargo Aaron Rakers 49% 1-year accuracy 17 / 35 met price target	32% upside $65	Overweight Maintained	1 May 2025
Wedbush Matt Bryson 34% 1-year accuracy 13 / 38 met price target	22% upside $60	Outperform Maintained	1 May 2025
UBS Timothy Arcuri 55% 1-year accuracy 21 / 38 met price target	9% downside $45	Neutral Maintained	1 May 2025