Western Digital Corporation $WDC Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Western Digital Corporation (NASDAQ:WDC) by 1.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 92,293 shares of the data storage provider’s stock after selling 1,450 shares during the period. Nisa Investment Advisors LLC’s holdings in Western Digital were worth $41,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WDC. Mowery & Schoenfeld Wealth Management LLC bought a new position in Western Digital during the second quarter worth $28,000. Dunhill Financial LLC bought a new stake in Western Digital in the 2nd quarter valued at $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Western Digital in the 2nd quarter valued at $31,000. Valley Wealth Managers Inc. bought a new stake in Western Digital in the 1st quarter valued at $32,000. Finally, Gables Capital Management Inc. acquired a new stake in Western Digital in the 2nd quarter worth $32,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WDC shares. The Goldman Sachs Group dropped their price objective on shares of Western Digital from $650.00 to $615.00 in a report on Thursday, August 6th. Melius Research set a $1,050.00 price objective on shares of Western Digital and gave the company a “buy” rating in a research report on Monday, June 29th. Mizuho set a $590.00 target price on shares of Western Digital in a research note on Thursday, August 6th. Summit Insights downgraded Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Wedbush lifted their target price on Western Digital from $540.00 to $650.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $607.04.

Western Digital Trading Up 3.4%

Shares of NASDAQ WDC opened at $364.32 on Wednesday. The business has a fifty day simple moving average of $439.65 and a 200 day simple moving average of $479.46. The firm has a market capitalization of $136.37 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 1.49 and a beta of 2.11. Western Digital Corporation has a one year low of $117.23 and a one year high of $799.87.

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

Western Digital Announces Dividend

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

Insider Activity

In other news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the completion of the transaction, the chief executive officer directly owned 575,966 shares of the company’s stock, valued at approximately $256,287,591.02. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara Gubbi sold 1,795 shares of Western Digital stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $459.87, for a total transaction of $825,466.65. Following the sale, the insider owned 80,571 shares in the company, valued at approximately $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,629 shares of company stock worth $11,033,404. 0.20% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Morgan Stanley said it expects Western Digital to deliver strong quarterly results and better-than-expected guidance, despite recent worries about AI financing and competition. The firm’s analyst called Western Digital and Seagate Technology “aggressive buys,” supporting the broader rebound in storage stocks. Seagate, Western Digital stocks gain as this analyst sees 80% upside
• Positive Sentiment: Western Digital is viewed as an AI infrastructure beneficiary because data centers require substantial hard-drive capacity. Investor attention is rising ahead of earnings, which could validate whether AI-driven storage demand is translating into stronger results and guidance. META Earnings & 2 Other AI-Related Reports to Watch This Week
• Neutral Sentiment: Morgan Stanley raised its Seagate price target but lowered its Western Digital target to $643 from $676. The revised target still implies substantial potential upside, but the reduction suggests analysts see some uncertainty in the near-term outlook. Seagate and Western Digital Stocks Sank Last Week
• Negative Sentiment: Jim Cramer warned that Western Digital and SanDisk could be among the most vulnerable stocks if data-center capacity expansion slows. Because recent profits and valuation enthusiasm are closely tied to AI infrastructure spending, any pullback could pressure earnings expectations and the share price. Cramer warns SanDisk and Western Digital are worst stocks if data center capacity shrinks

About Western Digital

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.