Private Advisor Group LLC Has $2.51 Million Position in Western Digital Corporation $WDC

Private Advisor Group LLC increased its position in Western Digital Corporation (NASDAQ:WDC) by 164.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,278 shares of the data storage provider’s stock after buying an additional 5,765 shares during the quarter. Private Advisor Group LLC’s holdings in Western Digital were worth $2,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its holdings in shares of Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 407 shares during the period. Avion Wealth increased its holdings in Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 113 shares during the period. Swiss RE Ltd. acquired a new stake in Western Digital in the fourth quarter valued at $32,000. BOKF NA raised its position in Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 268 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in Western Digital during the 3rd quarter worth $33,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital News Summary

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

• Positive Sentiment: Memory and storage shares rebounded sharply, lifting Western Digital along with peers like Micron, Seagate, and SanDisk as the recent selloff reversed and sentiment improved across the sector. Western Digital and Seagate Surge 7%, Micron and Sandisk Climb 6% as Memory Selloff Reverses
• Positive Sentiment: Micron’s announced $250 billion investment and the broader AI infrastructure trade are boosting confidence in storage and semiconductor names, with Western Digital viewed as a beneficiary of rising data center and memory demand. Western Digital Stock Lifts Following Micron’s $250 Billion Investment
• Positive Sentiment: Analysts and market commentary remain constructive on WDC, citing stronger revenue growth, margin expansion, upbeat guidance, and improving visibility in AI-related storage demand. Micron & One AI Infrastructure Stock to Buy Now for Big Upside
• Neutral Sentiment: Western Digital is accelerating its HAMR roadmap and signing long-term customer deals to meet AI-driven storage demand, which supports the growth story but is still a longer-term catalyst. Will Western Digital’s HAMR Push Accelerate Future Growth?
• Neutral Sentiment: Susquehanna raised its price target on WDC to $500 while keeping a neutral rating, reinforcing that Wall Street sees value but is not uniformly bullish at current levels. Western Digital (NASDAQ:WDC) Price Target Raised to $500.00 at Susquehanna
• Negative Sentiment: Some recent coverage flags valuation risk, noting the stock has already had a huge run and may be expensive on earnings despite optimistic AI-storage expectations. Western Digital (WDC) Stock Looks Cheap On Cash Flow But Rich On Earnings

Insider Activity at Western Digital

In related news, insider Vidyadhara K. Gubbi sold 4,674 shares of the stock in a transaction 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 transaction, the insider directly owned 90,041 shares of the company’s stock, valued at $39,905,270.79. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the sale, the chief executive officer owned 598,150 shares of the company’s stock, valued at $246,342,096. The trade was a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,322 shares of company stock worth $12,768,550 over the last quarter. 0.18% of the stock is currently owned by insiders.

Western Digital Price Performance

NASDAQ WDC opened at $578.05 on Friday. The business has a 50 day simple moving average of $552.50 and a 200 day simple moving average of $371.36. Western Digital Corporation has a one year low of $64.23 and a one year high of $799.87. The stock has a market capitalization of $199.24 billion, a P/E ratio of 34.51 and a beta of 2.11.

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, beating the consensus estimate of $2.39 by $0.33. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company’s revenue was up 45.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts expect that Western Digital Corporation will post 9.6 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, June 5th. This is a boost from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s dividend payout ratio is presently 3.58%.

Analyst Ratings Changes

WDC has been the topic of several recent research reports. Citigroup lifted their target price on Western Digital from $500.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price objective on Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Rosenblatt Securities lifted their price objective on Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Robert W. Baird upped their target price on Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Evercore reiterated an “outperform” rating and issued a $575.00 target price on shares of Western Digital in a report on Tuesday, May 26th. Two investment 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 stock. According to data from MarketBeat, Western Digital has an average rating of “Moderate Buy” and a consensus price target of $502.12.

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.