Western Digital (WDC)

• Market cap: $23.9B
• 1 day: -3.63%
• 5 days: 1.22%
• 1 month: 1.88%
• 3 months: 4.28%
• 6 months: 5.64%
• Year to date: 11.04%
• 1 year: 28.68%
• 5 years: 2.57%
• 10 years: -38.16%
• Sector: Information Technology
• Industry: Computer Storage Devices

About: Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.

Employees: 51,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

84% more call options, than puts

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

22% more repeat investments, than reductions

Existing positions increased: 259 | Existing positions reduced: 213

9% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 100

0.86% less ownership

Funds ownership: 97.76% [Q3] → 96.89% (-0.86%) [Q4]

2% less funds holding

Funds holding: 684 [Q3] → 673 (-11) [Q4]

9% less funds holding in top 10

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

13% less capital invested

Capital invested by funds: $22.9B [Q3] → $20B (-$2.94B) [Q4]

Research analyst outlook

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

• Low target: $70 2% upside
• Avg. target: $84 22% upside
• High target: $95 38% upside

15 analyst ratings

• positive: 12 80%
• neutral: 3 20%
• negative: 0 0%

Cantor Fitzgerald Matthew Prisco 71% 1-year accuracy 12 / 17 met price target	38% upside $95	Overweight Reiterated	18 Feb 2025
UBS Timothy Arcuri 58% 1-year accuracy 18 / 31 met price target	8% upside $74	Neutral Maintained	12 Feb 2025
Wedbush Matt Bryson 51% 1-year accuracy 21 / 41 met price target	38% upside $95	Outperform Reiterated	12 Feb 2025
Goldman Sachs Toshiya Hari 60% 1-year accuracy 60 / 100 met price target	16% upside $80	Neutral Maintained	31 Jan 2025
Citigroup Asiya Merchant 59% 1-year accuracy 19 / 32 met price target	16% upside $80	Buy Maintained	30 Jan 2025