2,749 Shares in Western Digital Corporation $WDC Purchased by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC acquired a new position in Western Digital Corporation (NASDAQ:WDC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,749 shares of the data storage provider’s stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SYM FINANCIAL Corp purchased a new position in shares of Western Digital during the second quarter worth about $225,000. Nordea Investment Management AB lifted its position in Western Digital by 9.6% during the second quarter. Nordea Investment Management AB now owns 30,434 shares of the data storage provider’s stock valued at $1,938,000 after purchasing an additional 2,656 shares during the last quarter. Greenleaf Trust bought a new stake in Western Digital during the second quarter valued at approximately $233,000. Resona Asset Management Co. Ltd. grew its stake in Western Digital by 7.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 118,888 shares of the data storage provider’s stock worth $7,594,000 after buying an additional 7,913 shares in the last quarter. Finally, Carnegie Investment Counsel bought a new position in shares of Western Digital in the 2nd quarter worth $358,000. 92.51% of the stock is owned by institutional investors.

Trending Headlines about Western Digital

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

• Positive Sentiment: Bank of America raised its WDC price target to $257 and kept a “buy” rating, citing continued upside from AI-driven storage demand and margin improvement. Bank of America resets WDC price target
• Positive Sentiment: Rosenblatt Securities also lifted its price target substantially (to $270) and maintained a buy view, another signal that sell-side sentiment has shifted materially higher. Benzinga coverage of Rosenblatt price-target raise
• Positive Sentiment: Analyst commentary and valuation checks point to upgraded earnings expectations driven by AI-storage demand, helping justify higher multiples and supporting near-term share strength. Western Digital (WDC) Valuation Check
• Positive Sentiment: Sector pieces argue memory/storage stocks still have room to run — supply tightness, firm pricing and rising margins could extend the rally, which benefits WDC as a major AI-storage supplier. Why Memory Stocks Like Western Digital May Still Rally
• Positive Sentiment: Western Digital will host an Innovation Day on Feb. 3 to showcase AI-focused storage innovations — an event that could catalyze investor interest if management presents compelling product roadmaps or customer traction. Western Digital to Host Innovation Day 2026
• Positive Sentiment: High-profile investors increased WDC exposure in past quarters (reported billionaire buys), which can signal institutional confidence and help support momentum. Billionaires Buy 2 AI Stocks
• Neutral Sentiment: Consumer product promotion: a temporary discount on a WD_Black Xbox expansion card may boost consumer sales visibility but is unlikely to move the enterprise/AI-driven revenue narrative. WD_Black 1TB Storage Expansion Card Discount
• Negative Sentiment: Contrarian caution: a Seeking Alpha piece notes that while WDC is riding the AI wave, valuations and momentum risks raise the possibility of a pullback if growth expectations disappoint or sentiment reverses. Disk Maker Western Digital Rides The AI Wave, But A Pullback Could Occur

Insider Activity

In other Western Digital news, Director Roxanne Oulman sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $154.42, for a total transaction of $277,956.00. Following the completion of the transaction, the director owned 3,863 shares of the company’s stock, valued at $596,524.46. This represents a 31.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kimberly Alexy sold 1,768 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total value of $272,272.00. Following the completion of the sale, the director owned 3,585 shares of the company’s stock, valued at approximately $552,090. This trade represents a 33.03% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 26,369 shares of company stock valued at $4,013,785. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WDC. Wedbush lifted their price target on Western Digital from $90.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Benchmark boosted their target price on Western Digital from $115.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Evercore ISI reiterated an “outperform” rating and set a $230.00 price target on shares of Western Digital in a research report on Friday. UBS Group lifted their price target on shares of Western Digital from $145.00 to $230.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Citigroup boosted their price objective on shares of Western Digital from $200.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.76.

Western Digital Stock Performance

Shares of WDC stock opened at $222.97 on Wednesday. The company has a market capitalization of $76.23 billion, a P/E ratio of 32.46, a PEG ratio of 1.37 and a beta of 1.78. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $230.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. The stock has a 50 day moving average price of $177.73 and a two-hundred day moving average price of $127.05.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, October 30th. The data storage provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.57 by $0.21. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. Analysts expect that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. This is a positive change from Western Digital’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, December 4th. Western Digital’s payout ratio is currently 7.28%.

Western Digital 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.