Kaizen Financial Strategies Invests $309,000 in Western Digital Corporation $WDC

Kaizen Financial Strategies acquired a new stake in Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,571 shares of the data storage provider’s stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Addison Advisors LLC boosted its position in Western Digital by 7.1% during the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock valued at $154,000 after purchasing an additional 85 shares during the last quarter. Pure Financial Advisors LLC raised its stake in shares of Western Digital by 3.1% during the 3rd quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock worth $430,000 after purchasing an additional 107 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Western Digital by 57.7% during the 3rd quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock worth $37,000 after purchasing an additional 113 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Western Digital by 3.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock valued at $465,000 after buying an additional 114 shares during the last quarter. Finally, ORG Partners LLC grew its stake in shares of Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WDC. Wall Street Zen lowered shares of Western Digital from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Truist Financial set a $310.00 target price on shares of Western Digital in a report on Tuesday, February 3rd. The Goldman Sachs Group set a $250.00 price target on Western Digital in a report on Tuesday, February 3rd. Weiss Ratings raised Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Finally, Benchmark raised their price objective on Western Digital from $115.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Western Digital has an average rating of “Moderate Buy” and a consensus target price of $265.58.

Insiders Place Their Bets

In other news, Director Matthew E. Massengill sold 36,926 shares of Western Digital stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total value of $9,616,638.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cynthia L. Tregillis sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $281.70, for a total value of $86,763.60. Following the completion of the sale, the insider owned 134,759 shares of the company’s stock, valued at approximately $37,961,610.30. This trade represents a 0.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 67,392 shares of company stock worth $17,235,141 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Western Digital Stock Performance

NASDAQ:WDC opened at $282.25 on Friday. The stock has a 50 day simple moving average of $236.61 and a 200 day simple moving average of $164.14. The stock has a market cap of $95.69 billion, a P/E ratio of 28.31, a PEG ratio of 0.67 and a beta of 1.80. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $309.90. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the firm posted $1.77 EPS. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. Research analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be paid a $0.125 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.50 annualized dividend and a yield of 0.2%. Western Digital’s payout ratio is 5.02%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Board authorized an additional $4.0 billion share repurchase and flagged an AI/data-center HDD roadmap (40TB UltraSMR in customer qualification; path to 100TB+ HAMR). That buyback plus AI positioning drove the recent rally. QuiverQuant: Buyback expansion and AI-era HDD roadmap
• Positive Sentiment: Zacks added WDC to its top growth/momentum lists and published bullish commentary — reinforcing short-term investor interest and buy-side flows into WDC as an AI/data-center beneficiary. Zacks: Momentum Stock Note
• Positive Sentiment: Zacks also added WDC to its Zacks Rank #1 (Strong Buy) growth stocks list, a spotlight that can attract momentum-focused flows. Zacks: Best Growth Stocks to Buy
• Neutral Sentiment: Western Digital plans to relaunch its G-DRIVE external storage brand — a product/marketing initiative that supports consumer positioning but is not an immediate earnings catalyst. MSN: G-DRIVE Relaunch
• Neutral Sentiment: Small insider sale disclosed (Cynthia Tregillis sold ~130 shares) — immaterial size but often highlighted by media during volatile sessions. SEC Filing: Insider Sale
• Negative Sentiment: Reports that WDC is exiting most of its remaining SanDisk stake via secondary sale / exchange have raised concerns about added share supply and a focus on balance-sheet cleanup rather than buybacks — a key near-term overhang. Yahoo Finance: SanDisk stake sale and balance-sheet actions
• Negative Sentiment: Citron Research launched a short call focused on Sandisk / the NAND cycle and highlighted WDC’s SanDisk exit as a potential warning — the report can amplify downside while investors digest valuation and cycle risk. Yahoo Finance: Citron Short on Sandisk

Western Digital 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.