Western Digital (WDC)

• Market cap: $27.5B
• 1 day: 2.92%
• 5 days: 4.37%
• 1 month: 15.11%
• 3 months: 52.88%
• 6 months: 61.44%
• Year to date: 69.42%
• 1 year: 67.20%
• 5 years: 205.51%
• 10 years: 39.45%
• 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 manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.

Employees: 40,000

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

122% more first-time investments, than exits

New positions opened: 180 | Existing positions closed: 81

64% more capital invested

Capital invested by funds: $14.2B [Q1] → $23.3B (+$9.11B) [Q2]

36% more repeat investments, than reductions

Existing positions increased: 278 | Existing positions reduced: 204

25% more funds holding in top 10

Funds holding in top 10: 16 [Q1] → 20 (+4) [Q2]

13% more funds holding

Funds holding: 649 [Q1] → 733 (+84) [Q2]

3.32% more ownership

Funds ownership: 101.03% [Q1] → 104.35% (+3.32%) [Q2]

4% less call options, than puts

Call options by funds: $781M | Put options by funds: $812M

Research analyst outlook

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

• Low target: $62 22% downside
• Avg. target: $87 10% upside
• High target: $130 64% upside

12 analyst ratings

• positive: 9 75%
• neutral: 3 25%
• negative: 0 0%

Mizuho Vijay Rakesh	10% upside $87	Outperform Maintained	1 Aug 2025
Barclays Tom O'Malley	1% upside $80	Overweight Maintained	1 Aug 2025
Susquehanna Medhi Hosseini	22% downside $62	Neutral Maintained	1 Aug 2025
Citigroup Asiya Merchant	11% upside $88	Buy Maintained	31 Jul 2025
Wells Fargo Aaron Rakers	20% upside $95	Overweight Maintained	31 Jul 2025