Shares of Western Digital rose to $115.41 during today's afternoon trading session. Despite the 8.0% change, the Large-Cap Electronics & Computer Distribution company still trades 11.41% above its average analyst target price of $103.59. So there may be further downside for the Electronics & Computer Distribution stock. Western Digital has target prices ranging from $62.0 to $171.0 per share, and its average rating is buy.
Western Digital has an elevated short interest of 12.8%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 5.11. At 0.79%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. 106.8% of Western Digital shares are held by institutional investors, which indicates a high level of confidence in the stock.
Institutions Invested in Western Digital
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2025-06-30 | Vanguard Group Inc | 12% | 43,039,216 | $4,967,156,076 |
| 2025-06-30 | Blackrock Inc. | 10% | 34,996,856 | $4,038,987,279 |
| 2025-06-30 | FMR, LLC | 9% | 32,261,134 | $3,723,257,593 |
| 2025-06-30 | Bank of America Corporation | 7% | 25,877,954 | $2,986,574,765 |
| 2025-06-30 | State Street Corporation | 4% | 15,184,522 | $1,752,445,739 |
| 2025-06-30 | UBS Group AG | 3% | 11,427,216 | $1,318,815,040 |
| 2025-06-30 | JPMORGAN CHASE & CO | 3% | 11,308,503 | $1,305,114,372 |
| 2025-06-30 | FIL LTD | 3% | 10,425,084 | $1,203,158,982 |
| 2025-06-30 | Geode Capital Management, LLC | 3% | 9,305,289 | $1,073,923,437 |
| 2025-06-30 | Ameriprise Financial, Inc. | 3% | 9,059,528 | $1,045,560,159 |
For these reasons, we consider that the Western Digital is the subject of negative market sentiment.
