Vanguard Personalized Indexing Management LLC Buys 2,228 Shares of Western Digital Corporation $WDC

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,987 shares of the data storage provider’s stock after purchasing an additional 2,228 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Western Digital were worth $10,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Western Digital by 0.6% during the third quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock valued at $5,196,484,000 after purchasing an additional 243,177 shares in the last quarter. Norges Bank bought a new stake in Western Digital during the fourth quarter valued at about $788,729,000. Northern Trust Corp boosted its position in Western Digital by 11.2% during the third quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock valued at $456,884,000 after purchasing an additional 384,103 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Western Digital by 11.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock valued at $456,737,000 after purchasing an additional 402,981 shares in the last quarter. Finally, Fred Alger Management LLC boosted its position in Western Digital by 4,923.9% during the third quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock valued at $409,049,000 after purchasing an additional 3,339,225 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

More Western Digital News

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

• Positive Sentiment: Morgan Stanley reiterated an Overweight rating and lifted its price target to $650, while other firms also turned constructive on Western Digital and the broader hard-drive/storage group. What’s Going On With The Jump In Western Digital Stock?
• Positive Sentiment: Investors are re-rating WDC on expectations that AI and cloud data-center buildouts will keep HDD and storage demand tight, supporting pricing power and margin expansion. Why Western Digital’s stock was the S&P 500’s biggest gainer on Monday
• Positive Sentiment: Recent earnings were stronger than expected, with revenue and EPS beating estimates and management guiding to continued profitability, reinforcing confidence in the turnaround story. Western Digital Corporation Will Hit $600 on This Date
• Neutral Sentiment: Broader market sentiment was also upbeat, with risk appetite improving across AI, chip, and memory stocks, adding a sector tailwind to the move in WDC.

Western Digital Stock Performance

Shares of NASDAQ WDC opened at $653.53 on Tuesday. The company has a market cap of $225.26 billion, a PE ratio of 39.02 and a beta of 2.13. The business has a 50-day simple moving average of $454.40 and a two-hundred day simple moving average of $312.52. Western Digital Corporation has a fifty-two week low of $56.26 and a fifty-two week high of $658.80.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.33. The business had revenue of $3.34 billion during 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%.The company’s quarterly revenue was up 45.5% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, sell-side analysts predict that Western Digital Corporation will post 9.6 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 5th. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is 3.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group set a $575.00 price objective on Western Digital in a research report on Tuesday, May 26th. Weiss Ratings raised Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald raised their price objective on Western Digital to $660.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Sanford C. Bernstein raised Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price target for the company in a report on Tuesday, March 31st. 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. According to MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and an average target price of $450.46.

Insider Transactions at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the completion of the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at $246,342,096. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 dated Monday, May 4th. The stock was sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the transaction, the insider 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 29,322 shares of company stock valued at $12,768,550. 0.18% of the stock is owned by company insiders.

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.