Mountain Hill Investment Partners Corp. Sells 83,500 Shares of Western Digital Corporation $WDC

Mountain Hill Investment Partners Corp. decreased its position in shares of Western Digital Corporation (NASDAQ:WDC) by 99.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341 shares of the data storage provider’s stock after selling 83,500 shares during the period. Mountain Hill Investment Partners Corp.’s holdings in Western Digital were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock valued at $1,698,000 after purchasing an additional 3,019 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Western Digital by 229.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after acquiring an additional 967 shares during the period. Inspire Investing LLC grew its stake in shares of Western Digital by 77.2% in the first quarter. Inspire Investing LLC now owns 7,662 shares of the data storage provider’s stock worth $310,000 after acquiring an additional 3,338 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Western Digital by 112.0% in the second quarter. Parallel Advisors LLC now owns 5,524 shares of the data storage provider’s stock worth $353,000 after acquiring an additional 2,918 shares during the last quarter. Finally, E. Ohman J or Asset Management AB bought a new position in Western Digital during the second quarter worth $987,000. 92.51% of the stock is currently owned by institutional investors.

Western Digital Stock Performance

Shares of NASDAQ:WDC opened at $214.00 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 0.94. The business’s fifty day moving average price is $172.29 and its two-hundred day moving average price is $121.58. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $221.23. The stock has a market capitalization of $73.17 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 1.31 and a beta of 1.78.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, October 30th. The data storage provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.57 by $0.21. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. As a group, analysts predict that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 4th. This is a positive change from Western Digital’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. Western Digital’s dividend payout ratio (DPR) is 7.28%.

Analysts Set New Price Targets

Several research firms have issued reports on WDC. Weiss Ratings restated a “hold (c+)” rating on shares of Western Digital in a research report on Monday, December 29th. Sanford C. Bernstein upgraded Western Digital to a “hold” rating in a research note on Tuesday, September 16th. Wells Fargo & Company raised their price objective on Western Digital from $150.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Barclays lifted their price objective on Western Digital from $105.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Morgan Stanley upped their target price on Western Digital to $228.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Insider Activity

In other Western Digital news, Director Roxanne Oulman sold 1,800 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $154.42, for a total value of $277,956.00. Following the transaction, the director owned 3,863 shares of the company’s stock, valued at approximately $596,524.46. The trade was a 31.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $150.69, for a total value of $3,013,800.00. Following the sale, the chief executive officer owned 645,467 shares in the company, valued at $97,265,422.23. The trade was a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 26,369 shares of company stock worth $4,013,785. 0.18% of the stock is currently owned by insiders.

Key Headlines Impacting Western Digital

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: AI-driven storage demand is cited as the main fundamental driver behind WDC’s recent surge — Zacks highlights an 86.5% three‑month jump as AI workloads boost margins and cash returns, supporting investor optimism about continued secular demand for high-capacity storage. WDC Skyrockets 87% in 3 Months
• Positive Sentiment: Inclusion/refresh of the Nasdaq-100 added data-storage names including WDC, which can bring incremental passive inflows and greater institutional visibility — a technical tailwind for the stock. Tech Wreck or Valuation Reset?
• Positive Sentiment: Analyst coverage is constructive: consensus ratings skew toward “buy” (MarketBeat/Maketbeat-sourced consensus shows a moderate‑buy tilt), which supports demand from discretionary and model-driven buyers. Analysts Give Moderate Buy
• Neutral Sentiment: Upcoming catalyst: WDC will report FYQ2 results on Jan 29 — results and updated guidance will likely drive short-term volatility and could reinforce the recent price move. Earnings Date Announcement
• Neutral Sentiment: Corporate actions nearby: the SanDisk spin‑off has posted outsized gains since separation, drawing attention to WDC’s capital‑allocation decisions and how value may be realized through portfolio moves (this is informative but not an immediate cash inflow to WDC). Up 948%, Should You Buy Sandisk?
• Neutral Sentiment: Short‑interest reporting appears anomalous and currently shows no clear build in short interest; as reported figures are inconsistent, short‑squeeze risk or pressure is not evident as a driver right now.
• Negative Sentiment: Macro/market risk: MarketBeat warns that Fed uncertainty and a potential rotation away from high‑growth tech could reprice duration‑sensitive names — if broader tech sentiment reverses, WDC could face pullbacks despite sector‑specific tailwinds. Tech Wreck or Valuation Reset?

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.