Western Digital (WDC) – Research Analysts’ Weekly Ratings Updates

Western Digital (NASDAQ: WDC) recently received a number of ratings updates from brokerages and research firms:

• 5/6/2025 – Western Digital had its “buy” rating reaffirmed by analysts at Loop Capital.
• 5/2/2025 – Western Digital is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/1/2025 – Western Digital was given a new $50.00 price target on by analysts at Barclays PLC. They now have an “overweight” rating on the stock.
• 5/1/2025 – Western Digital had its price target raised by analysts at Morgan Stanley from $46.00 to $54.00. They now have an “overweight” rating on the stock.
• 5/1/2025 – Western Digital had its price target lowered by analysts at Wells Fargo & Company from $75.00 to $65.00. They now have an “overweight” rating on the stock.
• 5/1/2025 – Western Digital was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $57.00 price target on the stock, up previously from $45.00.
• 5/1/2025 – Western Digital had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $60.00 price target on the stock.
• 5/1/2025 – Western Digital had its price target raised by analysts at UBS Group AG from $40.00 to $45.00. They now have a “neutral” rating on the stock.
• 5/1/2025 – Western Digital had its price target lowered by analysts at TD Securities from $80.00 to $53.00. They now have a “buy” rating on the stock.
• 5/1/2025 – Western Digital had its price target lowered by analysts at TD Cowen from $80.00 to $58.00. They now have a “buy” rating on the stock.
• 4/30/2025 – Western Digital was upgraded by analysts at Summit Insights from a “hold” rating to a “buy” rating.
• 4/29/2025 – Western Digital had its price target lowered by analysts at Rosenblatt Securities from $76.00 to $50.00. They now have a “buy” rating on the stock.
• 4/24/2025 – Western Digital is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/16/2025 – Western Digital is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $46.00 price target on the stock.
• 4/16/2025 – Western Digital is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/14/2025 – Western Digital had its price target lowered by analysts at Citigroup Inc. from $64.00 to $48.00. They now have a “buy” rating on the stock.
• 4/11/2025 – Western Digital had its “underperform” rating reaffirmed by analysts at Wedbush.
• 4/11/2025 – Western Digital had its “neutral” rating reaffirmed by analysts at Wells Fargo & Company.
• 4/11/2025 – Western Digital had its price target lowered by analysts at Susquehanna from $72.00 to $40.00. They now have a “neutral” rating on the stock.
• 4/10/2025 – Western Digital had its price target lowered by analysts at Mizuho from $82.00 to $68.00. They now have an “outperform” rating on the stock.
• 4/10/2025 – Western Digital was upgraded by analysts at Benchmark Co. from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock.
• 4/8/2025 – Western Digital is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/24/2025 – Western Digital was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/17/2025 – Western Digital had its price target lowered by analysts at UBS Group AG from $74.00 to $50.00. They now have a “neutral” rating on the stock.

Western Digital Price Performance

Western Digital stock opened at $44.10 on Monday. Western Digital Co. has a 1 year low of $28.83 and a 1 year high of $81.55. The firm has a 50-day moving average of $40.12 and a two-hundred day moving average of $56.19. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 10.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.99 and a quick ratio of 1.26.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Wednesday, April 30th. The data storage provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.30. The business had revenue of ($1,465.00) million for the quarter, compared to analyst estimates of $2.70 billion. Western Digital had a return on equity of 15.68% and a net margin of 9.95%. The company’s revenue was down 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, research analysts forecast that Western Digital Co. will post 4.89 earnings per share for the current year.

Western Digital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. Western Digital’s payout ratio is 7.58%.

Insider Buying and Selling

In other news, SVP Gene M. Zamiska sold 1,659 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $41.36, for a total transaction of $68,616.24. Following the sale, the senior vice president now owns 43,776 shares of the company’s stock, valued at approximately $1,810,575.36. This trade represents a 3.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Western Digital

Several large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Western Digital by 32.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,131 shares of the data storage provider’s stock worth $2,691,000 after purchasing an additional 11,013 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Western Digital by 6.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 841,700 shares of the data storage provider’s stock worth $50,191,000 after buying an additional 50,188 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Western Digital by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 390,826 shares of the data storage provider’s stock valued at $23,305,000 after buying an additional 15,189 shares during the period. Ieq Capital LLC boosted its holdings in shares of Western Digital by 83.9% in the 4th quarter. Ieq Capital LLC now owns 31,634 shares of the data storage provider’s stock valued at $1,886,000 after purchasing an additional 14,432 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Western Digital by 53.3% during the 4th quarter. Handelsbanken Fonder AB now owns 99,444 shares of the data storage provider’s stock valued at $5,930,000 after buying an additional 34,579 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.