Western Digital Corporation $WDC Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its position in Western Digital Corporation (NASDAQ:WDC) by 72.1% during the fourth quarter, Holdings Channel reports. The firm owned 17,672 shares of the data storage provider’s stock after acquiring an additional 7,402 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Western Digital were worth $3,045,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Western Digital by 7.7% in the first 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 period. Geneos Wealth Management Inc. grew its holdings in Western Digital by 229.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after acquiring an additional 967 shares during the period. Sivia Capital Partners LLC acquired a new stake in Western Digital during the second quarter worth about $307,000. Cresset Asset Management LLC acquired a new stake in Western Digital during the second quarter worth about $292,000. Finally, Federated Hermes Inc. grew its holdings in Western Digital by 55.3% during the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after acquiring an additional 845 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on WDC shares. UBS Group raised their target price on Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Robert W. Baird raised their target price on Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. TD Cowen raised their target price on Western Digital from $325.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group set a $575.00 target price on Western Digital in a report on Tuesday, May 26th. Finally, Wall Street Zen raised Western Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $433.29.

Western Digital News Summary

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

• Positive Sentiment: Citi reportedly remains bullish on Western Digital, helping reinforce the view that analysts still see upside despite the recent pullback. Citi Remains Bullish on Western Digital Corporation (WDC) – Here’s Why
• Positive Sentiment: Recent commentary highlights strong AI-driven demand for memory and storage, with Mizuho raising targets on Western Digital and other memory names on expectations of a supply crunch through 2027. Memory Stocks Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) Surge on AI-Driven Demand Forecast
• Positive Sentiment: Western Digital has also benefited from analyst optimism and recent price-target increases, including Wells Fargo and Citi, which suggests Wall Street remains constructive on fundamentals. Wells Fargo Raises Western Digital (WDC) Price Target by $75
• Neutral Sentiment: Western Digital has been trending heavily in investor searches, reflecting elevated attention and volatility rather than a clear new catalyst. Western Digital Corporation (WDC) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Memory and storage stocks, including Western Digital, are falling in tandem with Micron as macro uncertainty and a weaker risk backdrop hit the sector. Micron Sinks 6%, Western Digital Falls 5% but SanDisk Holds Steady
• Negative Sentiment: Quiver data also notes substantial insider selling over the past six months, which can weigh on sentiment even though it does not necessarily change near-term fundamentals. Western Digital Stock (WDC) Opinions on Strong Performance and Note Exchanges

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the transaction, the insider owned 116,643 shares in the company, 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the transaction, the director owned 3,903 shares in the company, valued at $2,062,813.56. This represents a 16.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 29,322 shares of company stock worth $12,768,550. Company insiders own 0.18% of the company’s stock.

Western Digital Trading Down 1.7%

Shares of WDC stock opened at $517.72 on Wednesday. The company has a market capitalization of $178.45 billion, a P/E ratio of 30.91 and a beta of 2.13. The business’s 50 day moving average is $431.98 and its two-hundred day moving average is $300.90. Western Digital Corporation has a 12-month low of $54.60 and a 12-month high of $602.54.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.Western Digital’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, research analysts predict that Western Digital Corporation will post 9.57 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be given a dividend of $0.15 per share. This is an increase from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, June 5th. Western Digital’s dividend payout ratio (DPR) is currently 3.58%.

Western Digital Company 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.