Victory Capital Management Inc. Cuts Stock Position in Western Digital Corporation $WDC

robot
Abstract generation in progress

Victory Capital Management Inc. reduced its stake in Western Digital Corporation by 17.7% in Q3, now owning 576,829 shares valued at $69.25 million, though institutional ownership remains high at 92.51%. Western Digital exceeded quarterly earnings estimates and analysts widely maintain a “Moderate Buy” rating with an average price target of $265.58, despite some insider selling and cyclical peak valuation concerns. The company also announced a quarterly dividend and expressed positive sentiment regarding its flash spin-off and long-term hyperscaler deals.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin