One Wealth Advisors LLC Invests $1.50 Million in Western Digital Corporation $WDC

One Wealth Advisors LLC bought a new stake in Western Digital Corporation (NASDAQ:WDC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,342 shares of the data storage provider’s stock, valued at approximately $1,496,000.

A number of other large investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Western Digital by 7.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after acquiring an additional 3,019 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of 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 valued at $56,000 after purchasing an additional 967 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Western Digital during the second quarter worth $307,000. Cresset Asset Management LLC acquired a new position in shares of Western Digital during the second quarter worth $292,000. Finally, Federated Hermes Inc. lifted its position in shares of 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 purchasing an additional 845 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Price Performance

NASDAQ WDC opened at $508.80 on Friday. The company has a market capitalization of $175.37 billion, a price-to-earnings ratio of 21.02 and a beta of 2.14. Western Digital Corporation has a 12 month low of $73.14 and a 12 month high of $799.87. The company’s fifty day moving average price is $556.33 and its two-hundred day moving average price is $425.47.

Western Digital (NASDAQ:WDC) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.25. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the business posted $1.66 EPS. The company’s revenue for the quarter was up 43.8% on a year-over-year basis. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, analysts anticipate that Western Digital Corporation will post 19.65 EPS for the current year.

Western Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s payout ratio is 2.48%.

Insider Transactions at Western Digital

In other Western Digital news, Director Bruce E. Kiddoo sold 750 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the sale, the director owned 3,903 shares in the company, valued at $2,062,813.56. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cynthia L. Tregillis sold 808 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total transaction of $427,941.04. Following the sale, the insider owned 114,539 shares of the company’s stock, valued at approximately $60,663,290.57. The trade was a 0.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 25,093 shares of company stock valued at $11,650,737. 0.18% of the stock is currently owned by insiders.

Western Digital News Summary

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

• Positive Sentiment: Sector rally supports WDC. SanDisk’s bullish long-term growth targets, including expectations for sustained flash-memory demand, boosted sentiment toward storage companies. Western Digital benefited from the read-through, particularly as investors anticipate continued AI infrastructure spending on HDD and NAND storage. SanDisk outlook article
• Positive Sentiment: Analyst and quantitative signals improved. Zacks upgraded Western Digital to Rank #1, or “Strong Buy,” citing improving earnings prospects. WDC was also included among Zacks’ top momentum stocks, while JPMorgan reportedly raised its price target to $650. Zacks upgrade article
• Positive Sentiment: Recent results provide fundamental support. Western Digital’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue rising 43.8% year over year. Stronger pricing, high-capacity drive demand and AI-driven storage requirements are supporting expectations for continued growth. WDC sector rally article
• Neutral Sentiment: Institutional positioning is mixed: JPMorgan and Capital World Investors added shares, while several large investors reduced holdings. The conflicting activity does not establish a clear institutional trend.
• Negative Sentiment: Elevated expectations remain a risk. Despite the earnings beat, WDC shares previously fell sharply because management’s guidance did not exceed demanding investor expectations. Concerns remain about moderating sequential growth, NAND pricing volatility and whether the AI-driven storage cycle has peaked. WDC earnings reaction article
• Negative Sentiment: Insider selling may weigh on sentiment. CEO Irving Tan sold 20,000 shares for approximately $8.9 million under a pre-arranged Rule 10b5-1 plan. Broader data shows substantial insider selling and no reported insider purchases during the past six months. CEO insider sale article

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WDC shares. Jefferies Financial Group set a $575.00 price target on shares of Western Digital in a report on Tuesday, May 26th. Wells Fargo & Company boosted their price objective on shares of Western Digital from $575.00 to $730.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Rosenblatt Securities decreased their price objective on shares of Western Digital from $900.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Summit Insights downgraded Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $676.00 target price on shares of Western Digital in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $534.56.

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.