Western Digital Corporation $WDC Position Increased by Net Worth Advisory Group

Net Worth Advisory Group raised its stake in Western Digital Corporation (NASDAQ:WDC) by 196.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,723 shares of the data storage provider’s stock after buying an additional 1,804 shares during the period. Net Worth Advisory Group’s holdings in Western Digital were worth $1,260,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dogwood Wealth Management LLC raised its position in shares of Western Digital by 28.6% during the second quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock worth $57,000 after purchasing an additional 20 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in Western Digital by 1.0% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,302 shares of the data storage provider’s stock valued at $1,470,000 after buying an additional 22 shares in the last quarter. Everpar Advisors LLC lifted its stake in Western Digital by 1.8% during the second quarter. Everpar Advisors LLC now owns 1,442 shares of the data storage provider’s stock valued at $921,000 after buying an additional 25 shares in the last quarter. Ares Financial Consulting LLC raised its holdings in shares of Western Digital by 45.5% during the second quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock valued at $51,000 after acquiring an additional 25 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Western Digital by 2.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,390 shares of the data storage provider’s stock valued at $888,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $256,287,591.02. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 1,007 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $478.36, for a total value of $481,708.52. Following the completion of the sale, the insider directly owned 112,155 shares of the company’s stock, valued at $53,650,465.80. This represents a 0.89% 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 have sold a total of 24,629 shares of company stock worth $11,033,404 in the last 90 days. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

WDC has been the subject of several research analyst reports. Zacks Research downgraded shares of Western Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings cut shares of Western Digital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Wells Fargo & Company cut their target price on shares of Western Digital from $730.00 to $450.00 and set an “overweight” rating on the stock in a research note on Friday. Wedbush increased their target price on Western Digital from $540.00 to $650.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Summit Insights cut Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $608.26.

Western Digital Stock Up 6.1%

Shares of NASDAQ:WDC opened at $352.21 on Tuesday. Western Digital Corporation has a 12-month low of $117.23 and a 12-month high of $799.87. The firm has a market capitalization of $131.84 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.41 and a beta of 2.11. The firm has a fifty day moving average of $441.12 and a two-hundred day moving average of $478.99.

Western Digital (NASDAQ:WDC) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.25. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. Western Digital had a return on equity of 48.15% and a net margin of 72.95%. The business’s revenue was up 43.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. 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 earnings per share for the current fiscal year.

Western Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Tuesday, September 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 8th. Western Digital’s payout ratio is currently 2.48%.

Key Western Digital News

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

• Positive Sentiment: AI and data-center rebound: Western Digital was among the S&P 500’s leading gainers as enthusiasm returned to AI-related stocks. Its hard-drive and data-storage products are viewed as beneficiaries of expanding AI infrastructure and data-center demand. Sandisk, Datadog, Amazon Lead S&P 500 As AI Stocks Rebound
• Positive Sentiment: Analyst sentiment improved: A Wall Street Zen report upgraded Western Digital to “Strong-Buy,” while other recent commentary presented the company as a potential value entry and identified it as an AI-related stock with substantial analyst upside. Wall Street Zen Upgrades Western Digital to Strong-Buy
• Positive Sentiment: Earnings are the next catalyst: Western Digital is scheduled to report fiscal first-quarter results late Thursday. Investors are looking for evidence that storage demand, pricing, and AI infrastructure spending remain strong. The company previously exceeded quarterly earnings and revenue expectations and has issued fiscal Q1 2027 EPS guidance of $3.85 to $4.15.
• Neutral Sentiment: Sector-wide focus on validation: This week’s technology earnings are expected to test whether heavy AI investment is translating into sustainable revenue and profits, making Western Digital’s upcoming report particularly relevant to memory and storage stocks. This Week’s Tech Earnings Could Be a Validation Moment for the AI Trade
• Negative Sentiment: Technical risk remains: Despite the rebound, Western Digital remains below its key moving averages after a steep decline the previous week. That leaves the stock vulnerable to further volatility if Thursday’s results or outlook disappoint. Sandisk, Datadog, Amazon Lead S&P 500 As AI Stocks Rebound

Western Digital Profile

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.