Abc Arbitrage 13F: New $4.7M Stake in Western Digital (WDC)

Abc Arbitrage opened a new position in Western Digital Corporation WDC, acquiring 10,292 shares valued at approximately $4.68 million according to a Form 13F filing with the Securities and Exchange Commission on October 23, 2026.

WDC Western Digital Corporation

$343.67 ▲ +83.29% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Abc Arbitrage's Western Digital Position

Abc Arbitrage initiated a brand-new stake in Western Digital during the quarter. The firm reported holding 10,292 shares valued at $4,677,302 in its filing on October 23, 2026. This went up from zero shares previously.

Other Institutional Activity in Western Digital

Other institutional investors adjusted their positions in Western Digital during the same filing period. RMR Wealth Builders grew its holdings by 2,550 shares, ending with 9,160 shares worth about $4,162,724. Meanwhile, Amanah Holdings Trust sold its entire stake of 315,000 shares, closing out its position.

Western Digital Corporation Stock Down 9.2%

Western Digital recently traded around $343.54 as of October 24, 2026, roughly equal to its close of $343.67 on the October 23 filing date. The stock sits below its 50-day moving average of $435.87 and about 17.0% below its 200-day moving average of $413.93. Shares are down about 57.1% from the 52-week high of $799.87 and up roughly 182.2% from the 52-week low of $121.72.

Recent Earnings

Western Digital reported trailing twelve month revenue of $12.92 billion alongside trailing earnings of $26.92 per share. The company posted a net profit margin of 72.9% and a return on equity of 130.9%. Its next earnings report is scheduled for February 4, 2027.

Dividend

Western Digital pays an annual dividend rate of $0.60 per share, which translates to a dividend yield of 0.17% with a payout ratio of 1.9%.

Insider Buying and Selling at Western Digital Corporation

Company insiders completed several transactions prior to the filing. Director Stephanie A. Streeter sold 5,600 shares on September 1, 2026, for a total value of $2,519,280. Officer Cynthia Lock Tregillis sold 432 shares on September 4, 2026, at an average price of $451.20 for a total of $194,918, and later sold 807 shares on October 21, 2026, at an average price of $380.00 for $306,660. Officer Vidyadhara K. Gubbi sold 1,795 shares on September 4, 2026, at an average price of $459.87 for a total of $825,472.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock on October 23, 2026. UBS maintained its neutral rating while lowering its price target from $470.00 to $435.00. Citigroup maintained a buy rating, lowering its target from $740.00 to $660.00. JP Morgan kept an overweight rating, raising its target from $600.00 to $650.00. TD Cowen maintained a buy rating and lowered its target from $540.00 to $430.00. Rosenblatt maintained a buy rating while reducing its target from $800.00 to $650.00. Overall, the stock holds a consensus buy rating from 24 analysts with a mean price target of $636.08.

About Western Digital

Western Digital Corporation designs, manufactures, and sells data storage devices and solutions built on hard disk drive technology. The company serves customers across the United States, Asia, Europe, the Middle East, and Africa with internal drives, data center platforms, portable storage, and network-attached storage systems. Institutional interest in the hardware maker highlights ongoing portfolio adjustments in the technology hardware sector.

Bottom Line

Abc Arbitrage's new position adds to institutional activity surrounding Western Digital. Investors will monitor upcoming earnings on February 4, 2027, to gauge future performance.