WealthCare Asset Management LLC Acquires 1,603 Shares of Western Digital Corporation $WDC

Posted by Brenda Bartman on Oct 27th, 2026

WealthCare Asset Management LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) during the third quarter, Holdings Channel.com reports. The firm acquired 1,603 shares of the data storage provider’s stock, valued at approximately $729,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WDC. Legal & General Group Plc purchased a new position in shares of Western Digital during the 2nd quarter worth about $1,602,927,000. ABS Investment Management LLC purchased a new stake in Western Digital in the 2nd quarter worth about $1,226,342,000. Anther Capital Ltd purchased a new stake in Western Digital in the 2nd quarter worth about $901,601,000. Deutsche Bank AG purchased a new stake in Western Digital in the 2nd quarter worth about $885,565,000. Finally, Trivest Advisors Ltd bought a new stake in Western Digital in the second quarter worth about $627,606,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital Price Performance

Western Digital stock opened at $356.13 on Tuesday. Western Digital Corporation has a 1-year low of $121.85 and a 1-year high of $799.87. The stock has a market capitalization of $133.31 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.45 and a beta of 2.11. The business has a fifty day moving average price of $429.95 and a 200-day moving average price of $413.05.

Western Digital (NASDAQ:WDC – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.53. Western Digital had a net margin of 69.20% and a return on equity of 55.62%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the business posted $1.78 EPS. Western Digital’s revenue for the quarter was up 55.5% compared to the same quarter last year. On average, equities research analysts anticipate that Western Digital Corporation will post 19.69 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, December 4th. This is an increase from Western Digital’s previous quarterly dividend of $0.15. Western Digital’s dividend payout ratio (DPR) is 2.33%.

Insider Buying and Selling at Western Digital

In other news, insider Cynthia 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 transaction, the insider owned 112,155 shares of the company’s stock, valued at $53,650,465.80. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the sale, the chief executive officer owned 575,966 shares in the company, valued at $256,287,591.02. The trade was a 3.36% 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. In the last quarter, insiders sold 25,436 shares of company stock worth $11,340,064. Insiders own 0.20% of the company’s stock.

Trending Headlines about Western Digital

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

Positive Sentiment: A Bank of America note said memory customers are locking in supply for multiple years, lifting the broader memory and storage group. Western Digital benefited alongside Micron and SanDisk as investors anticipated stronger pricing and demand. Bank of America memory-market article
Positive Sentiment: Western Digital CEO Irving Tan said AI-related storage demand could grow about 25% annually and expressed confidence that the company can expand margins despite data-center cost concerns. Western Digital CEO AI-demand article
Positive Sentiment: The company raised its quarterly dividend by 16.7% following strong fiscal first-quarter results, reinforcing the case for improving cash generation. Western Digital dividend increase article
Positive Sentiment: Argus maintained a Buy rating despite lowering its price target to $500, while several bullish analyses cited strong earnings, robust cloud demand and favorable storage pricing. Argus Western Digital rating

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Susquehanna set a $405.00 price objective on Western Digital in a report on Friday. Morgan Stanley set a $668.00 price target on shares of Western Digital and gave the company an “overweight” rating in a report on Friday. BNP Paribas Exane upped their price target on shares of Western Digital from $660.00 to $700.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Western Digital from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Finally, Bank of America lifted their price objective on shares of Western Digital from $720.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $591.04.

Read Our Latest Stock Report on WDC

Western Digital Company Profile

(Free Report)

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.