Moran Wealth Management LLC Makes New $273,000 Investment in Western Digital Corporation $WDC

Moran Wealth Management LLC bought a new stake in Western Digital Corporation (NASDAQ:WDC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,009 shares of the data storage provider’s stock, valued at approximately $273,000.

Several other large investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in Western Digital in the fourth quarter worth $788,729,000. Fred Alger Management LLC raised its stake in shares of Western Digital by 4,923.9% in the third quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock valued at $409,049,000 after buying an additional 3,339,225 shares during the period. Soroban Capital Partners LP lifted its position in shares of Western Digital by 1,926.3% during the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after buying an additional 2,910,062 shares during the last quarter. Polar Capital Holdings Plc bought a new position in shares of Western Digital during the 3rd quarter worth $221,800,000. Finally, National Pension Service grew its stake in shares of Western Digital by 267.6% during the 4th quarter. National Pension Service now owns 1,691,659 shares of the data storage provider’s stock worth $291,422,000 after acquiring an additional 1,231,477 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WDC shares. Weiss Ratings cut Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Evercore reiterated an “outperform” rating and set a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. Robert W. Baird lifted their target price on shares of Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. TD Cowen boosted their price target on shares of Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $493.52.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Western Digital has been caught up in the AI memory boom, with investors favoring storage and chip names tied to data-center demand. Why Is Western Digital Stock Surging Monday?
• Positive Sentiment: Analysts have turned more bullish on Western Digital, including a Bank of America price-target increase, which supports the stock’s recent strength. BofA Raises Price Target for Western Digital Corp. (WDC)
• Positive Sentiment: Memory and storage peers such as Micron and SanDisk also rose on Monday as the AI trade regained momentum, reinforcing the positive backdrop for WDC. Stock Market News for July 7, 2026
• Neutral Sentiment: Western Digital was highlighted as one of the market movers benefiting from broader interest in storage stocks, but the move was driven more by sector rotation than by a company-specific announcement. Terawulf, Ceva, Western Digital And Other Big Stocks Moving Higher On Monday
• Negative Sentiment: Tuesday premarket trading was weaker for memory stocks, including WDC, as investors reacted to softness in Samsung and SK Hynix and a broader pullback in the sector. MU, SNDK, WDC Stocks Fall Premarket: Samsung, SK Hynix Briefly Drag South Korea’s Kospi Into Brief Bear

Western Digital Trading Down 11.0%

Shares of Western Digital stock traded down $63.42 during trading on Tuesday, hitting $514.04. The stock had a trading volume of 2,318,724 shares, compared to its average volume of 9,108,751. Western Digital Corporation has a 12 month low of $63.67 and a 12 month high of $799.87. The firm has a market cap of $177.18 billion, a price-to-earnings ratio of 30.74 and a beta of 2.11. The business’s 50-day moving average is $543.20 and its 200 day moving average is $363.35.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company earned $1.36 earnings per share. The firm’s quarterly revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities analysts expect that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 5th. This is a positive change from Western Digital’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s payout ratio is presently 3.58%.

Insiders Place Their Bets

In other Western Digital news, insider Vidyadhara K. Gubbi sold 4,674 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the transaction, the insider owned 90,041 shares of the company’s stock, valued at $39,905,270.79. The trade was a 4.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at $246,342,096. The trade was a 3.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,322 shares of company stock worth $12,768,550 over the last three months. Company insiders own 0.18% of the company’s stock.

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.