Wealthfront Advisers LLC Grows Stake in Western Digital Corporation $WDC

Wealthfront Advisers LLC increased its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 62.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 26,522 shares of the data storage provider’s stock after purchasing an additional 10,200 shares during the period. Wealthfront Advisers LLC’s holdings in Western Digital were worth $3,184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ORG Partners LLC increased its holdings in shares of Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Private Wealth Management Group LLC grew its position in Western Digital by 102.5% during the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock worth $26,000 after purchasing an additional 202 shares during the last quarter. Rakuten Securities Inc. increased its stake in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of Western Digital by 86.9% in the second quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after buying an additional 205 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after buying an additional 204 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

More Western Digital News

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

• Positive Sentiment: Market recognition of WDC’s rally — coverage highlights WDC as the second-best performer in the S&P 500 for 2026 so far, underscoring momentum and investor interest in the stock. Read More.
• Positive Sentiment: Bullish investment thesis on AI storage upside — deep-dive pieces argue WDC is capturing enormous AI-driven demand, framing the recent gains as part of a multi-year opportunity. Read More.
• Positive Sentiment: Analyst momentum — WDC is appearing on Zacks’ Rank #1 (Strong Buy) lists and their best-growth lists, which can attract buy-side flows and momentum investors. Read More.
• Positive Sentiment: Positive media narratives around AI demand and product relevance — multiple outlets profile WDC as a critical supplier in the AI megatrend, reinforcing the growth story. Read More.
• Neutral Sentiment: Investor access / upcoming presentation — WDC will present at the Morgan Stanley TMT Conference on March 3; the webcast gives management a chance to update investors and could influence guidance/expectations. Read More.
• Negative Sentiment: Valuation and risk warnings after a massive rally — analysts note a ~300%+ one-year gain and ask whether risks (cyclical demand, supply, buyback sustainability, valuation) are building, which can prompt profit-taking and increased short-term volatility. Read More.

Western Digital Price Performance

Western Digital stock opened at $281.58 on Friday. The stock has a market capitalization of $95.47 billion, a P/E ratio of 28.24, a P/E/G ratio of 0.66 and a beta of 1.80. The company’s fifty day moving average price is $216.93 and its 200 day moving average price is $151.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. Western Digital Corporation has a 1 year low of $28.83 and a 1 year high of $307.50.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the firm posted $1.77 earnings per share. The company’s revenue was up 25.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital’s payout ratio is presently 5.02%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Citigroup lifted their price target on Western Digital to $325.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Morgan Stanley lifted their target price on Western Digital from $260.00 to $306.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. TD Cowen upped their target price on Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group set a $250.00 price target on shares of Western Digital in a research report on Tuesday, February 3rd. Finally, Loop Capital upped their price objective on shares of Western Digital to $250.00 and gave the company a “buy” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.58.

Insider Activity at Western Digital

In related news, insider Cynthia L. Tregillis sold 6,780 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $270.49, for a total transaction of $1,833,922.20. Following the completion of the sale, the insider directly owned 136,538 shares in the company, valued at approximately $36,932,163.62. The trade was a 4.73% 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. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the completion of the sale, the chief executive officer owned 623,586 shares of the company’s stock, valued at $159,288,807.84. This trade represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 70,522 shares of company stock worth $17,661,708 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.