Premier Path Wealth Partners LLC acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,370 shares of the data storage provider’s stock, valued at approximately $371,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. SJS Investment Consulting Inc. grew its holdings in shares of Western Digital by 82.3% in the first quarter. SJS Investment Consulting Inc. now owns 1,624 shares of the data storage provider’s stock valued at $439,000 after purchasing an additional 733 shares during the period. Moss Adams Wealth Advisors LLC raised its stake in Western Digital by 2.7% during the first quarter. Moss Adams Wealth Advisors LLC now owns 2,036 shares of the data storage provider’s stock worth $551,000 after purchasing an additional 54 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Western Digital by 38.0% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 41,491 shares of the data storage provider’s stock valued at $11,223,000 after purchasing an additional 11,416 shares during the last quarter. Catalina Capital Group LLC purchased a new stake in shares of Western Digital in the 1st quarter valued at approximately $241,000. Finally, 3Chopt Investment Partners LLC purchased a new stake in shares of Western Digital in the 1st quarter valued at approximately $289,000. 92.51% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WDC has been the topic of several analyst reports. Weiss Ratings lowered shares of Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Fox Advisors cut Western Digital from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. UBS Group lifted their target price on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Rosenblatt Securities upped their price target on Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Morgan Stanley increased their price target on Western Digital from $488.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $493.52.
Insider Transactions at Western Digital
In other news, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $545.60, for a total transaction of $235,699.20. Following the sale, the insider owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the completion of the transaction, the insider directly owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,322 shares of company stock valued at $12,768,550. 0.18% of the stock is owned by insiders.
Western Digital Stock Down 9.9%
Shares of NASDAQ WDC opened at $539.00 on Friday. The firm has a market cap of $185.78 billion, a price-to-earnings ratio of 32.18 and a beta of 2.10. Western Digital Corporation has a 52-week low of $63.67 and a 52-week high of $799.87. The business’s 50 day moving average is $536.72 and its two-hundred day moving average is $357.93.
Western Digital (NASDAQ:WDC – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business posted $1.36 earnings per share. The company’s quarterly revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Analysts anticipate that Western Digital Corporation will post 9.6 EPS for the current fiscal year.
Western Digital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were issued a dividend of $0.15 per share. This is a positive change from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is 3.58%.
More Western Digital News
Here are the key news stories impacting Western Digital this week:
- Positive Sentiment: Bank of America raised its price target on Western Digital to $732 from $610 and reiterated a buy rating, signaling confidence in further upside. Benzinga report on Bank of America price target hike
- Positive Sentiment: Melius Research upgraded Western Digital to strong-buy, adding to the list of bullish analyst views on the stock. Zacks report on Melius upgrade
- Positive Sentiment: Zacks said Western Digital has an impressive earnings surprise record and the right setup to potentially beat estimates again in its next quarterly report. Article: Will Western Digital (WDC) Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: Western Digital was included in Zacks’ list of top momentum stocks for Q3 2026, reflecting continued investor interest in AI-driven storage names. Article: 5 Top-Ranked Momentum Stock Picks for Q3 2026 After a Fabulous Q2
- Neutral Sentiment: Analysts are revisiting fair value estimates as they reassess AI storage demand, HDD pricing, and Western Digital’s product roadmap, keeping the valuation debate active. Article: Western Digital Stock Gets Fair Value Boost As Analysts Reassess AI Storage Demand
- Negative Sentiment: WDC was hit by a broader memory-chip and semiconductor pullback, as investors rotated out of some of this year’s hottest names. Article: Micron Drops 8%, SanDisk Slumps 10%, Western Digital Falls 7% as Memory Stocks Pull Back With the Nasdaq
About Western Digital
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.
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