<div id="readability-page-1"><p>Polar Asset Management Partners Inc. cut its holdings in  Western Digital Corporation (NASDAQ:WDC - Free Report) by 98.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,898 shares of the data storage provider's stock after selling 29,997,102 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.11% of Western Digital worth $15,117,000 at the end of the most recent quarter.</p><ul><li>3 Overbought Stocks Ripe for a Pullback</li></ul><p>Several other large investors have also modified their holdings of WDC. Zions Bancorporation National Association UT acquired a new stake in shares of  Western Digital in the first quarter valued at approximately $29,000.  Allworth Financial LP grew its position in shares of  Western Digital by 34.1% in the first quarter. Allworth Financial LP now owns 955 shares of the data storage provider's stock valued at $38,000 after purchasing an additional 243 shares during the last quarter.  Elequin Capital LP acquired a new stake in shares of  Western Digital in the fourth quarter valued at approximately $40,000.  MorganRosel Wealth Management LLC acquired a new stake in shares of  Western Digital in the first quarter valued at approximately $40,000.  Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of  Western Digital by 242.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,208 shares of the data storage provider's stock valued at $49,000 after purchasing an additional 855 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds. </p><div><p><span></span><span>Get <strong>Western Digital</strong> alerts:</span></p></div><h2>Wall Street Analysts Forecast Growth</h2><p>Several analysts have recently commented on the stock. Mizuho increased their price target on shares of Western Digital from $75.00 to $87.00 and gave the company an &#34;outperform&#34; rating in a research report on Friday, August 1st. Wells Fargo &amp; Company upped their price objective on shares of Western Digital from $80.00 to $95.00 and gave the company an &#34;overweight&#34; rating in a research note on Thursday, July 31st. Zacks Research raised shares of Western Digital from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Wednesday, August 13th. The Goldman Sachs Group started coverage on shares of Western Digital in a research note on Thursday, July 10th. They set a &#34;neutral&#34; rating and a $70.00 price objective on the stock. Finally, Bank of America upped their price objective on shares of Western Digital from $62.00 to $71.00 and gave the company a &#34;buy&#34; rating in a research note on Monday, June 9th. One equities research analyst  has rated the stock with a Strong Buy rating, seventeen have assigned  a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $79.28.</p><ul><li>Western Digital: Is the Storage Sector Set for a Rebound?</li></ul><p><b>View Our Latest Analysis on WDC</b></p><h2>Insider Buying and Selling at Western Digital</h2><p>In other news, SVP Gene M. Zamiska sold 353 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $80.90, for a total value of $28,557.70. Following the completion of the sale, the senior vice president owned 27,425 shares of the company's stock, valued at $2,218,682.50. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, CEO Irving Tan sold 8,621 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $75.90, for a total transaction of $654,333.90. Following the completion of the sale, the chief executive officer directly owned 594,836 shares of the company's stock, valued at $45,148,052.40. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,632 shares of company stock worth $2,911,647 over the last three months. 0.30% of the stock is currently owned by insiders. </p><h2>Western Digital Price Performance</h2><ul><li>Data Guardians: 2 AI Storage Stocks Winning Big</li></ul><p>Western Digital stock opened at $90.49 on Friday. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $90.90. The firm has a fifty day moving average of $72.67 and a 200-day moving average of $55.91. The firm has a market capitalization of $31.57 billion, a P/E ratio of 17.57, a PEG ratio of 1.03 and a beta of 1.69. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. </p><p>Western Digital (NASDAQ:WDC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The data storage provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.18. Western Digital had a net margin of 14.13% and a return on equity of 24.93%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The business's quarterly revenue was up 30.0% compared to the same quarter last year.  Western Digital has set its Q1 2026 guidance at 1.540-1.690 EPS. As a group, analysts predict that  Western Digital Corporation will post 4.89 EPS for the current year. </p><h2>Western Digital Announces Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Western Digital's dividend payout ratio  is presently 7.77%. </p><p>Western Digital announced that its board has authorized a share buyback plan on Tuesday, May 13th that permits the company to buyback $2.00 billion in    shares. This buyback authorization permits the data storage provider to repurchase up to 11.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued. </p><h2>About Western Digital</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Western Digital</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>Here's What Separates Oklo From the Rest of the Nuclear Startups </li><li>What is a Bond Market Holiday? How to Invest and Trade</li><li>Why Marvell’s 19% Drop Could Be a Big Buy-the-Dip Opportunity</li><li>Industrial Products Stocks Investing </li><li>Daqo New Energy: Solar Monopoly Launches $100M Buyback</li></ul><p><strong>Want to see what other hedge funds are holding WDC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corporation (NASDAQ:WDC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0RD?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0RD"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Western Digital Right Now?</h2><p>Before you consider Western Digital, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Digital wasn't on the list.</p><p>While Western Digital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Polar Asset Management Partners Inc. significantly reduced its stake in Western Digital Corporation (NASDAQ:WDC) by 98.8% in Q1, now holding 373,898 shares valued at $15.1 million. Other investors also adjusted their positions, with 92.51% of shares owned by institutional investors. Analysts have raised price targets for WDC, with Mizuho setting it at $87 and Wells Fargo at $95. Insider selling was noted, with executives selling shares recently. WDC's stock performance shows a 52-week range of $28.83 to $90.90, currently trading at $90.49.</p>

Western Digital Corporation $WDC Shares Sold by Polar Asset Management Partners Inc.