Western Digital Corporation (WDC)

Over the past six months, Western Digital's stock price has experienced fluctuations. As of July 18, 2025, the share price was $67.99, representing a decline of 3.20% from July 18, 2024. However, over the last month (leading up to June 23, 2025), the stock saw an increase of 18.16%, outperforming the Computer and Technology sector. Key events impacting the stock include the Q3 FY25 Earnings Report, a new $2.0 billion share repurchase program, partnerships and product advancements, analyst upgrades and price target revisions, DeepSeek news, flash price weakness, and a Goldman Sachs rating update.

Sales of many of Western Digital's products tend to be seasonal and subject to supply-demand cycles. Historically, the company has experienced higher levels of demand in the first and second fiscal quarters. Changes in seasonal and cyclical supply and demand patterns, as well as shifts in product or channel mix, can make demand forecasting more challenging. The semiconductor industry, in which Western Digital operates, is generally driven by cyclical demand for electronic products like smartphones, PCs, servers, and data storage. The company's business also follows seasonality quarter-to-quarter and linearity within the quarter.

Western Digital Corporation is a leading American data storage company established in 1970, operating in the Technology and Communications sector, focusing on semiconductor and device manufacturing, particularly memory products. The company designs and manufactures a wide array of data storage devices and solutions, including Hard Disk Drives (HDDs), Solid State Drives (SSDs), Flash-based Embedded Storage Products, and Flash-based Memory Wafers and Components. Western Digital markets its products under brands such as SanDisk, Western Digital, and WD, serving a diverse customer base including OEMs, distributors, resellers, and consumers.

Western Digital has a global operational presence spanning the Asia Pacific, Europe, the Middle East and Africa (EMEA), and the Americas. Its products are sold through distribution, retail, and direct channels worldwide, with international sales historically representing a significant portion of its net revenue. The company has manufacturing facilities and R&D centers in various locations, including Thailand and Israel, and leases office space globally for R&D, sales, operations, administration, and technical support. The United States, China, and the EMEA region are key areas for the company's asset turnover.

Western Digital maintains strong brand recognition with established brands like Western Digital, SanDisk, and WD, enjoying a loyal customer base. The company emphasizes sustainability, with commitments to run operations on 100% carbon-free energy by 2030 and achieve net-zero emissions by 2032. They also aim to divert 95% of waste from landfills and reduce water withdrawals by 20% by 2030. These sustainability efforts contribute positively to their brand image.

Western Digital's ownership structure is a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion, with 1359 institutional owners holding a total of 396,039,748 shares. Approximately 56.11% of the company's stock is owned by Institutional Investors, 0.88% by Insiders, and 43.01% by Public Companies and Individual Investors. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., Fmr Llc, JPMorgan Chase & Co., Bank Of America Corp /de/, UBS Group AG, State Street Corp, Fidelity Management & Research Company LLC, and Geode Capital Management, L.L.C.