Providence First Trust Co Purchases Shares of 5,469 Western Digital Corporation $WDC

Providence First Trust Co acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,469 shares of the data storage provider’s stock, valued at approximately $942,000.

Several other hedge funds also recently made changes to their positions in the business. Avion Wealth grew its position in Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after buying an additional 113 shares during the last quarter. ORG Partners LLC boosted its stake in shares of Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. Concord Wealth Partners acquired a new position in shares of Western Digital in the 4th quarter worth $41,000. Cullen Frost Bankers Inc. raised its position in shares of Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 204 shares during the period. Finally, Westfuller Advisors LLC acquired a new stake in shares of Western Digital during the third quarter worth $30,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Activity at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 10,148 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the transaction, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. This represents a 8.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 97,385 shares of company stock valued at $29,499,874. Company insiders own 0.18% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Q3 beat and upbeat guidance — WDC reported a Q3 EPS beat and raised its Q4 FY2026 EPS range, showing strong margin expansion and accelerating revenue tied to AI/data-center demand. Western Digital Stock Surges After Q3 Beat
• Positive Sentiment: Analyst bullishness & higher price targets — Multiple outlets and analysts have lifted targets (including big calls toward the $500+ area), reinforcing momentum and giving investors upside conviction. AI Boom Drives Western Digital Toward $500 Target
• Positive Sentiment: Dividend hike & valuation narratives — Coverage highlights a 20% dividend increase and improved valuation metrics tied to AI storage demand, attracting income and growth investors. Western Digital Valuation Check
• Positive Sentiment: Sector tailwind from SanDisk’s breakout — SanDisk (spun off from WDC) has surged, underscoring strong demand for memory/storage in AI data centers and supporting bullish sentiment across storage peers. SanDisk Spun Off From Western Digital
• Neutral Sentiment: Investor events & conference appearance — WDC presented at Barclays’ conference (transcript available), which helps transparency and investor outreach but is informational rather than catalytic. Barclays Conference Transcript
• Neutral Sentiment: Media coverage & screening interest — Multiple “is it a buy?” and trending-stock writeups (Zacks, Yahoo) are increasing visibility but don’t by themselves change fundamentals. Is Wall Street Bullish or Bearish on WDC?
• Negative Sentiment: Insider selling — CEO Irving Tan sold 20,000 shares under a pre-arranged Rule 10b5-1 plan (filing available); while planned sales are common and he retains a large stake, markets often view insider selling as a modest negative signal. Irving Tan SEC Filing
• Negative Sentiment: Additional insider sale — Insider Vidyadhara K. Gubbi sold 4,674 shares; another small reduction in insider holdings that may be noted by investors. V. Gubbi SEC Filing

Western Digital Trading Up 5.2%

NASDAQ:WDC opened at $465.26 on Wednesday. The business’s fifty day moving average price is $317.92 and its 200 day moving average price is $237.27. The firm has a market capitalization of $160.37 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 0.91 and a beta of 2.10. Western Digital Corporation has a 1-year low of $43.60 and a 1-year high of $480.11.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same period last year, the company posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts forecast that Western Digital Corporation will post 8.68 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 5th. This is a boost from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital’s payout ratio is presently 2.99%.

Wall Street Analysts Forecast Growth

WDC has been the subject of a number of recent analyst reports. TD Cowen increased their price target on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday. Evercore restated an “outperform” rating and set a $500.00 price objective on shares of Western Digital in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $488.00 price objective on shares of Western Digital in a research note on Friday. Wells Fargo & Company lifted their target price on shares of Western Digital from $335.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Sanford C. Bernstein upgraded shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price target on the stock in a report on Tuesday, March 31st. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $395.83.

About Western Digital

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.