Allspring Global Investments Holdings LLC Buys 26,531 Shares of Western Digital Corporation $WDC

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Allspring Global Investments Holdings LLC significantly increased its stake in Western Digital Corporation by 157.4% in the fourth quarter, purchasing 26,531 additional shares, bringing its total to 43,392 shares valued at approximately $8.145 million. This coincides with Western Digital’s strong Q4 earnings, beating analyst expectations with $2.13 EPS and a 25.2% year-over-year revenue increase, receiving a “Moderate Buy” consensus rating from analysts. Despite some insider selling, institutional ownership remains high at 92.51%, and the company’s prospects are reportedly boosted by AI-driven storage demand.

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