China Universal Asset Management Co. Ltd. Purchases Shares of 13,175 Western Digital Corporation $WDC

China Universal Asset Management Co. Ltd. has acquired 13,175 shares of Western Digital Corporation (NASDAQ:WDC) in Q4, valued at $2.27 million, contributing to an institutional ownership of 92.51%. Despite analysts issuing “Moderate Buy” ratings and increased price targets, insider selling activity, particularly from CEO Irving Tan, signals potential overvaluation and pullback risk as the stock trades near a one-year high. Other hedge funds like WCM Investment Management and Fred Alger Management have also significantly increased their stakes in WDC.

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