Amanah Holdings Trust 13F: Exits Western Digital (WDC) Stake

Amanah Holdings Trust closed out its position in Western Digital Corporation WDC, selling all 315,000 shares it held in a filing on October 23, 2026. The institutional report filed with the SEC showed the fund completely exiting the data storage provider during the quarter. Western Digital closed at $343.67 on the day of the filing.

WDC Western Digital Corporation

$343.67 ▲ +83.29% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Inside Amanah Holdings Trust's Western Digital Trade

The fund's exit cut its prior stake of 315,000 shares down to zero, marking a 100.0% reduction in its holdings for the stock. Amanah Holdings Trust held no remaining shares in the company following the filing.

Western Digital Corporation Stock Down 9.2%

Western Digital shares recently traded around $343.54 as of October 24, 2026, putting the stock down about 21.2% below its 50-day moving average of $435.87 and roughly 17.0% below its 200-day moving average of $413.93. The stock closed at $343.67 on October 23, 2026. Shares have ranged from a 52-week low of $121.72 to a 52-week high of $799.87.

Recent Earnings

Western Digital reported trailing twelve-month revenue of $12.92 billion with earnings of $26.92 per share. The hardware maker posted a net profit margin of 72.9% and a return on equity of 130.9%. Year-over-year revenue growth reached 43.8%. The company's next quarterly financial update is scheduled for February 4, 2027.

Dividend

Western Digital pays an annual dividend rate of $0.60 per share, yielding 0.17% based on recent trading levels. The payout ratio sits at 1.9% of earnings.

Insider Buying and Selling at Western Digital Corporation

Company insiders executed several transactions prior to the filing. On September 1, 2026, director Stephanie A. Streeter disposed of 5,600 shares valued at $2,519,280. On September 4, 2026, officer Cynthia Lock Tregillis sold 432 shares at $451.20 each for a total of $194,918. On the same day, officer Vidyadhara K. Gubbi sold 1,795 shares at $459.87 apiece, totaling $825,472. Later, on October 21, 2026, Cynthia Lock Tregillis sold another 807 shares at $380.00 each for a value of $306,660.

Analysts Set New Price Targets

Analyst firms updated their views on the stock around the time of the filing. On October 23, 2026, UBS maintained its neutral rating and lowered its price target to $435.00 from $470.00. On the same day, Citigroup maintained a buy rating while reducing its target to $660.00 from $740.00. JP Morgan maintained an overweight rating and raised its target to $650.00 from $600.00. TD Cowen maintained a buy rating while cutting its target to $430.00 from $540.00. Rosenblatt also maintained a buy rating while lowering its target to $650.00 from $800.00. Overall, the stock carries a consensus buy rating across 24 analyst opinions with a mean price target of $636.08.

About Western Digital Corporation

Western Digital Corporation designs, manufactures, and sells data storage devices and solutions using hard disk drive technology. The company builds internal hard drives, data center platforms, portable storage units, and network-attached storage gear for consumer and enterprise customers worldwide. Headquartered in San Jose, California, the firm supports a large footprint in the digital infrastructure market.

Bottom Line

Investors will look ahead to the company's upcoming earnings release on February 4, 2027, for further details on storage demand and profitability trends. Institutional ownership changes like this exit offer one data point among many as the market tracks the hardware sector.