Integrity Financial Corp WA Makes New $219,000 Investment in Western Digital Corporation $WDC

Integrity Financial Corp WA bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,273 shares of the data storage provider’s stock, valued at approximately $219,000.

Other institutional investors also recently bought and sold shares of the company. Avion Wealth boosted its position in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Swiss RE Ltd. acquired a new position in shares of Western Digital in the fourth quarter worth $32,000. Concord Wealth Partners acquired a new position in shares of Western Digital in the fourth quarter worth $41,000. BOKF NA raised its holdings in shares of Western Digital by 6,700.0% in the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after acquiring an additional 268 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Western Digital in the third quarter worth $33,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Cynthia L. Tregillis sold 432 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $545.60, for a total value of $235,699.20. Following the completion of the transaction, the insider directly owned 116,643 shares in the company, valued at approximately $63,640,420.80. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the sale, the director owned 3,903 shares of the company’s stock, valued at $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 29,322 shares of company stock valued at $12,768,550. 0.18% of the stock is owned by company insiders.

Key Western Digital News

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

• Positive Sentiment: JPMorgan raised its price target on Western Digital from $530 to $650 and reiterated an overweight rating, signaling more upside potential for the shares. Article Title
• Positive Sentiment: The company announced a Sandisk share exchange with institutional investors, a move that has been interpreted as supportive of the stock and part of a broader capital strategy. Article Title
• Positive Sentiment: Western Digital highlighted AI-focused storage innovation at Computex, reinforcing the market’s view that it is well positioned to benefit from data-center and AI infrastructure spending. Article Title
• Positive Sentiment: Analysts also pointed to strong free cash flow, a larger dividend, and a new $4 billion buyback plan, which supports the investment case by showing confidence in cash generation and shareholder returns. Article Title
• Neutral Sentiment: Western Digital has been outperforming the broader market over the past year, and brokerages still generally rate the stock a moderate buy, which supports sentiment but is more of a confirmation than a new catalyst. Article Title
• Negative Sentiment: One recent market note said WDC slipped with the broader market after a hotter-than-expected CPI report revived rate-hike concerns, showing that macro pressure can still weigh on the stock at times. Article Title

Western Digital Trading Up 6.4%

Western Digital stock opened at $562.92 on Friday. The firm has a market capitalization of $194.03 billion, a P/E ratio of 33.61 and a beta of 2.13. The stock has a fifty day moving average price of $447.23 and a 200 day moving average price of $307.91. Western Digital Corporation has a 52 week low of $54.60 and a 52 week high of $602.54.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities analysts predict that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 5th. This is an increase from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.1%. Western Digital’s payout ratio is currently 3.58%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group set a $575.00 price target on Western Digital in a report on Tuesday, May 26th. Evercore reissued an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a report on Tuesday, May 26th. TD Cowen boosted their price target on Western Digital from $325.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their price target on Western Digital from $500.00 to $575.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, UBS Group boosted their price target on Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $443.71.

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.