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
9%
downside
Avg. target
$63
43%
upside
High target
$95
117%
upside
12 analyst ratings
9 positive
75%
3 neutral
25%
0 negative
0%
Rosenblatt Kevin Cassidy 20% 1-year accuracy 18 / 88 met price target | 14%upside $50 | Buy Maintained | 29 Apr 2025 |
Morgan Stanley Joseph Moore 42% 1-year accuracy 26 / 62 met price target | 5%upside $46 | Overweight Maintained | 16 Apr 2025 |
Citigroup Asiya Merchant 30% 1-year accuracy 12 / 40 met price target | 9%upside $48 | Buy Maintained | 14 Apr 2025 |
Susquehanna Medhi Hosseini 50% 1-year accuracy 1 / 2 met price target | 9%downside $40 | Neutral Maintained | 11 Apr 2025 |
Benchmark Mark Miller 17% 1-year accuracy 6 / 35 met price target | 25%upside $55 | Buy Upgraded | 10 Apr 2025 |
Financial journalist opinion
Based on 28 articles about WDC published over the past 30 days
Positive
Schwab Network
2 hours ago
WDC "Old Tech" Evolving with A.I., NVDA & AMD Still Important Holdings
Western Digital (WDC) is "in a good spot right now," according to Matthew Bryson. He cites its hard drive business and limited tariff exposure as signs that the "old tech" company has room to run with the next leg in A.I.
Neutral
Zacks Investment Research
6 hours ago
Western Digital Q3 Earnings & Revenues Beat, Up Y/Y on Cloud Momentum
WDC's fiscal Q3 2025 performance is driven by a 38% year-over-year growth in cloud business amid geopolitical turmoil and a fluctuating macroeconomic backdrop.
Neutral
Seeking Alpha
7 hours ago
Western Digital Corporation (WDC) Q3 2025 Earnings Conference Call Transcript
Western Digital Corporation (NASDAQ:WDC ) Q3 2025 Earnings Conference Call April 30, 2025 8:30 AM ET Company Participants Ambrish Srivastava - VP and IR Irving Tan - CEO Don Bennett - Interim CFO Conference Call Participants Erik Woodring - Morgan Stanley Aaron Rakers - Wells Fargo Karl Ackerman - BNP Paribas C.J. Muse - Cantor Fitzgerald Wamsi Mohan - Bank of America Asiya Merchant - Citigroup Amit Daryanani - Evercore Thomas O'Malley - Barclays Steven Fox - Fox Advisors Mark Miller - Benchmark Company Harlan Sur - JPMorgan Ananda Baruah - Loop Capital Mehdi Hosseini - SIG Tim Arcuri - UBS Vijay Rakesh - Mizuho Operator Good afternoon, and thank you for standing by.
Positive
Zacks Investment Research
8 hours ago
Western Digital (WDC) Q3 Earnings and Revenues Surpass Estimates
Western Digital (WDC) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $0.63 per share a year ago.
Positive
Reuters
8 hours ago
Western Digital forecasts upbeat quarterly results on cloud computing demand
Western Digital Corp forecast fourth-quarter results above Wall Street estimates on Wednesday, betting on stable demand for its storage devices from cloud providers, sending shares up 7% in premarket trading.
Neutral
Business Wire
10 hours ago
Western Digital Reports Fiscal Third Quarter 2025 Financial Results; Adopts Dividend Program and Declares Quarterly Cash Dividend on Common Stock
SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (Nasdaq: WDC) today reported fiscal third quarter 2025 financial results. “Western Digital executed well in its fiscal third quarter achieving revenue at the high end of our guidance range and gross margin over 40%,” said Irving Tan, CEO of Western Digital. “Even in a world marked by geopolitical uncertainty and shifting tariff dynamics, one thing remains constant: the exponential growth of data. When it comes to storing that data, at sca.
Neutral
Benzinga
15 hours ago
Western Digital Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Western Digital Corporation WDC will release earnings results for the third quarter, before the opening bell on Wednesday, April 30.
Positive
Benzinga
1 day ago
Western Digital Refocuses Post-SanDisk Spin-Off As Analyst Highlights AI-Led HDD Growth
Rosenblatt analyst Kevin Cassidy relaunched coverage on Western Digital WDC, giving the stock a Buy and lowering the price target from $76 to $50 on Tuesday.
Positive
Zacks Investment Research
2 days ago
Is Western Digital (WDC) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Neutral
Zacks Investment Research
2 days ago
Here's What Investors Should Expect From Western Digital's Q3 Earnings
WDC's fiscal Q3 earnings are likely to have been led by HDD business momentum and AI-driven storage demand amid temporary pricing woes in the Flash unit.
Charts implemented using Lightweight Charts™