Western Digital
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
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
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
20%
downside
Avg. target
$55
11%
upside
High target
$68
37%
upside
12 analyst ratings
10 positive
83%
2 neutral
17%
0 negative
0%
Morgan Stanley Joseph Moore 62% 1-year accuracy 39 / 63 met price target | 9%upside $54 | Overweight Maintained | 1 May 2025 |
TD Securities Krish Sankar 4% 1-year accuracy 1 / 23 met price target | 7%upside $53 | Buy Maintained | 1 May 2025 |
Wells Fargo Aaron Rakers 53% 1-year accuracy 19 / 36 met price target | 31%upside $65 | Overweight Maintained | 1 May 2025 |
Wedbush Matt Bryson 34% 1-year accuracy 13 / 38 met price target | 21%upside $60 | Outperform Maintained | 1 May 2025 |
UBS Timothy Arcuri 62% 1-year accuracy 24 / 39 met price target | 10%downside $45 | Neutral Maintained | 1 May 2025 |
Financial journalist opinion
Based on 31 articles about WDC published over the past 30 days
Positive
Zacks Investment Research
10 hours ago
Western Digital, Ingrasys Partner for Next-Gen Fabric-Attached Storage
WDC joins forces with Ingrasys to deliver a cutting-edge TOR switch with embedded storage to unlock advancements in AI-driven data centers.
Positive
Forbes
14 hours ago
What's Fueling Western Digital's 40% Rally?
Western Digital (NASDAQ: WDC) stock increased by over 5% in Tuesday's trading and is up by nearly 40% over the past month. What factors are propelling the stock upwards?
Neutral
Zacks Investment Research
1 day ago
Is It Worth Investing in Western Digital (WDC) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Neutral
Business Wire
1 day ago
Western Digital and Ingrasys Establish Long-term Collaboration to Deliver High-Performance, Fabric-Attached Disaggregated Storage for AI Workflows
SAN JOSE, Calif. & TAIPEI, Taiwan--(BUSINESS WIRE)--(Computex 2025) – Western Digital (Nasdaq: WDC) and Ingrasys, a subsidiary of Foxconn Technology Group, the world's largest electronics manufacturer, today announced a strategic collaboration to deliver a new flagship Top-of-Rack (TOR) switch with embedded storage. This new TOR EBOF (Ethernet Bunch of Flash) will provide distributed storage at the network edge for lower latency storage access, reducing the need for separate storage networks an.
Neutral
Seeking Alpha
2 days ago
Western Digital Corporation (WDC) JPMorgan 53rd Annual Technology Media & Communications Conference (Transcript)
Western Digital Corporation (NASDAQ:WDC ) JPMorgan 53rd Annual Technology Media & Communications Conference May 13, 2025 3:10 PM ET Company Participants Kris Sennesael - Chief Financial Officer Irving Tan - Chief Executive Officer Ambrish Srivastava - VP, Investor Relations Conference Call Participants Harlan Sur - JPMorgan Harlan Sur Okay. Perfect. Alright.
Neutral
Business Wire
2 days ago
Western Digital Authorizes New $2.0 Billion Share Repurchase Program
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today announced that its Board of Directors has authorized a new $2.0 billion share repurchase program. The repurchase authorization is effective immediately. Share repurchases may be made on the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan. “The share repurchase program underscores our strong confidence in Western Digital's future, the depth of our product portfolio, and.
Neutral
Business Wire
3 days ago
Cerabyte Secures Strategic Investment from Western Digital
SANTA CLARA, Calif., & MUNICH--(BUSINESS WIRE)--Cerabyte, the pioneer of ceramic-based data storage solutions, today announced a strategic investment from Western Digital Corp. (NASDAQ: WDC), a leading developer and manufacturer of storage solutions, including hard disk drives. The partnership will accelerate the development of Cerabyte's ground-breaking ceramic data storage technology, designed to meet the growing demand for permanent accessible long-term data storage in existing and new use c.
Neutral
Business Wire
1 week ago
Western Digital Names Finance Executive Kris Sennesael as Chief Financial Officer
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital (Nasdaq: WDC) announced today that it has hired Kris Sennesael as Chief Financial Officer (CFO) effective May 12, 2025. With more than 25 years of experience in finance and general management across the semiconductor and technology industries, Sennesael most recently served as CFO at Skyworks Solutions. “I am excited for Kris to join Western Digital. His tenure of being a hands-on leader and experience across all global markets will further str.
Positive
Market Watch
1 week ago
10 tech stocks that could rally up to 41% — and make good use of your money
Nvidia is among the tech sector's leaders in return on equity. Other AI players crack the list as well.
Positive
Zacks Investment Research
1 week ago
Is Trending Stock Western Digital Corporation (WDC) a Buy Now?
Western Digital (WDC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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