Bryn Mawr Trust Advisors LLC Takes $1.45 Million Position in Western Digital Corporation $WDC

Bryn Mawr Trust Advisors LLC acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,273 shares of the data storage provider’s stock, valued at approximately $1,452,000.

Several other institutional investors have also recently added to or reduced their stakes in WDC. Plan Group Financial LLC acquired a new stake in shares of Western Digital during the 2nd quarter worth about $595,000. Towercrest Capital Management purchased a new stake in shares of Western Digital during the second quarter worth about $374,000. Laraway Financial Advisors Inc acquired a new position in shares of Western Digital in the second quarter valued at approximately $2,140,000. Hardy Reed LLC acquired a new position in shares of Western Digital in the second quarter valued at approximately $287,000. Finally, Tema ETFs LLC raised its position in shares of Western Digital by 10.6% in the second quarter. Tema ETFs LLC now owns 6,805 shares of the data storage provider’s stock valued at $4,346,000 after buying an additional 652 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

WDC has been the topic of a number of analyst reports. Mizuho set a $590.00 target price on shares of Western Digital in a research report on Thursday, August 6th. Wall Street Zen upgraded Western Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Barclays increased their price target on Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. TD Cowen raised their price objective on Western Digital from $500.00 to $540.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Bank of America raised their price objective on Western Digital from $610.00 to $732.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $534.56.

Western Digital News Roundup

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

• Positive Sentiment: Sector rally supports WDC. SanDisk’s bullish long-term growth targets, including expectations for sustained flash-memory demand, boosted sentiment toward storage companies. Western Digital benefited from the read-through, particularly as investors anticipate continued AI infrastructure spending on HDD and NAND storage. SanDisk outlook article
• Positive Sentiment: Analyst and quantitative signals improved. Zacks upgraded Western Digital to Rank #1, or “Strong Buy,” citing improving earnings prospects. WDC was also included among Zacks’ top momentum stocks, while JPMorgan reportedly raised its price target to $650. Zacks upgrade article
• Positive Sentiment: Recent results provide fundamental support. Western Digital’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue rising 43.8% year over year. Stronger pricing, high-capacity drive demand and AI-driven storage requirements are supporting expectations for continued growth. WDC sector rally article
• Neutral Sentiment: Institutional positioning is mixed: JPMorgan and Capital World Investors added shares, while several large investors reduced holdings. The conflicting activity does not establish a clear institutional trend.
• Negative Sentiment: Elevated expectations remain a risk. Despite the earnings beat, WDC shares previously fell sharply because management’s guidance did not exceed demanding investor expectations. Concerns remain about moderating sequential growth, NAND pricing volatility and whether the AI-driven storage cycle has peaked. WDC earnings reaction article
• Negative Sentiment: Insider selling may weigh on sentiment. CEO Irving Tan sold 20,000 shares for approximately $8.9 million under a pre-arranged Rule 10b5-1 plan. Broader data shows substantial insider selling and no reported insider purchases during the past six months. CEO insider sale article

Western Digital Trading Up 4.4%

Shares of WDC stock opened at $508.80 on Friday. The company has a market cap of $175.37 billion, a PE ratio of 21.02 and a beta of 2.14. The company’s fifty day simple moving average is $556.33 and its 200-day simple moving average is $425.47. Western Digital Corporation has a 52 week low of $73.14 and a 52 week high of $799.87.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.25. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the company earned $1.66 EPS. The firm’s revenue was up 43.8% on a year-over-year basis. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. Equities research analysts expect that Western Digital Corporation will post 19.65 EPS for the current fiscal year.

Western Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio is presently 2.48%.

Insider Buying and Selling

In related news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the transaction, the chief executive officer directly owned 575,966 shares of the company’s stock, valued at approximately $256,287,591.02. The trade was a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 808 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $529.63, for a total value of $427,941.04. Following the completion of the transaction, the insider owned 114,539 shares of the company’s stock, valued at approximately $60,663,290.57. This represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 25,093 shares of company stock worth $11,650,737 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

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.