OneDigital Investment Advisors LLC Takes Position in Western Digital Corporation $WDC

Posted by Francis Steltz on Aug 17th, 2026

OneDigital Investment Advisors LLC acquired a new position in Western Digital Corporation (NASDAQ:WDC – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,913 shares of the data storage provider’s stock, valued at approximately $2,499,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock valued at $1,698,000 after purchasing an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Western Digital by 229.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after purchasing an additional 967 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Western Digital in the 2nd quarter worth $307,000. Cresset Asset Management LLC bought a new position in shares of Western Digital during the 2nd quarter worth about $292,000. Finally, Federated Hermes Inc. increased its holdings in shares of Western Digital by 55.3% during the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after purchasing an additional 845 shares during the period. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Performance

NASDAQ:WDC opened at $508.80 on Monday. The company has a 50-day moving average of $556.33 and a 200-day moving average of $426.77. The company has a market capitalization of $175.37 billion, a price-to-earnings ratio of 21.02 and a beta of 2.14. Western Digital Corporation has a 52 week low of $73.14 and a 52 week high of $799.87.

Western Digital (NASDAQ:WDC – Get Free Report) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.25. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The firm’s revenue was up 43.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 EPS. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. Sell-side analysts forecast that Western Digital Corporation will post 19.65 EPS for the current year.

Western Digital Dividend Announcement

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

Key Stories Impacting Western Digital

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

Insider Buying and Selling

In related news, insider Vidyadhara K. Gubbi sold 2,475 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the transaction, the insider owned 85,154 shares in the company, valued at $47,366,060.96. This trade represents a 2.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cynthia L. Tregillis sold 808 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total value of $427,941.04. Following the completion of the sale, the insider directly owned 114,539 shares in the company, valued at approximately $60,663,290.57. This represents a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,093 shares of company stock valued at $11,650,737 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

WDC has been the subject of a number of research analyst reports. Rosenblatt Securities cut their price objective on shares of Western Digital from $900.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Citigroup lowered their price target on Western Digital from $800.00 to $740.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Bank of America upped their price target on Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Barclays raised their price objective on Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given 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 $534.56.

Check Out Our Latest Research Report on WDC

Western Digital Company Profile

(Free Report)

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.