11,270 Western Digital Corporation $WDC Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 37.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,983 shares of the data storage provider’s stock after selling 11,270 shares during the quarter. Inspire Investing LLC’s holdings in Western Digital were worth $8,627,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WDC. Dogwood Wealth Management LLC increased its position in shares of Western Digital by 28.6% during the second quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock worth $57,000 after acquiring an additional 20 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in Western Digital by 1.0% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,302 shares of the data storage provider’s stock valued at $1,470,000 after purchasing an additional 22 shares during the last quarter. Everpar Advisors LLC boosted its holdings in Western Digital by 1.8% in the second quarter. Everpar Advisors LLC now owns 1,442 shares of the data storage provider’s stock valued at $921,000 after purchasing an additional 25 shares during the last quarter. Ares Financial Consulting LLC grew its stake in Western Digital by 45.5% during the 2nd quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock valued at $51,000 after purchasing an additional 25 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in Western Digital by 2.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,390 shares of the data storage provider’s stock valued at $888,000 after purchasing an additional 28 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Cynthia Tregillis sold 807 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $380.00, for a total transaction of $306,660.00. Following the transaction, the insider directly owned 108,928 shares in the company, valued at $41,392,640. This trade represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara Gubbi sold 1,795 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $459.87, for a total value of $825,466.65. Following the transaction, the insider owned 80,571 shares in the company, valued at $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 25,436 shares of company stock worth $11,340,064. 0.20% of the stock is currently owned by insiders.

Trending Headlines about Western Digital

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

• Positive Sentiment: Western Digital reported fiscal Q1 2027 adjusted EPS of $4.64, above the roughly $4.09–$4.11 consensus, while revenue rose 55.5% year over year to $4.38 billion. Growth was driven by strong cloud and data-center demand, higher-capacity drives and improved pricing. Western Digital Q1 earnings and revenues beat estimates
• Positive Sentiment: Management issued substantially stronger-than-expected fiscal Q2 guidance, calling for revenue of approximately $5.0 billion to $5.2 billion and adjusted EPS of $5.60 to $6.00, versus consensus estimates near $4.5 billion and $4.72, respectively. Western Digital forecasts strong second-quarter growth
• Positive Sentiment: AI-related storage demand remains durable, with management citing growing requirements from inference, robotics and long-term data retention. Analysts and industry commentators expect HDDs to remain an important, cost-effective storage layer for data centers, potentially supporting demand visibility into 2030–2031. Western Digital CEO discusses durable AI storage demand
• Positive Sentiment: Western Digital generated about $1.38 billion in free cash flow and increased its quarterly dividend 16.7% to $0.175 per share. JPMorgan also raised its price target to $650 and maintained an overweight rating. Western Digital Q1 revenue and dividend update
• Neutral Sentiment: Other analysts remained bullish but reduced some price targets, reflecting elevated expectations and uncertainty around the pace of future growth. TD Cowen, for example, lowered its target to $430 while retaining a buy rating; Rosenblatt and Cantor Fitzgerald also cut targets but remained positive.
• Negative Sentiment: The stock’s strong results were not enough to overcome a broad sell-off in AI, memory and technology shares. Investors are questioning whether hyperscaler capital spending can remain elevated and whether Western Digital’s unusually strong HDD pricing and margins are sustainable.
• Negative Sentiment: Higher planned capital expenditures, possible industry supply increases, inventory concerns and execution risks surrounding the HAMR technology transition are weighing on sentiment. Management also acknowledged that HDD price growth could eventually moderate. Western Digital faces capex and supply concerns
• Negative Sentiment: A disclosed insider sale of 807 shares worth approximately $306,660 added a modest sentiment overhang, although it was conducted under a pre-arranged Rule 10b5-1 plan and represented only a small portion of the insider’s holdings. SEC insider transaction filing

Western Digital Stock Performance

NASDAQ:WDC opened at $343.67 on Friday. The company has a market capitalization of $128.64 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.50 and a beta of 2.11. Western Digital Corporation has a one year low of $121.85 and a one year high of $799.87. The stock has a 50-day simple moving average of $432.18 and a 200 day simple moving average of $479.51.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.53. Western Digital had a return on equity of 56.91% and a net margin of 69.20%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. Western Digital’s revenue for the quarter was up 55.5% compared to the same quarter last year. On average, equities research analysts forecast that Western Digital Corporation will post 19.69 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be issued a $0.1750 dividend. This is a positive change from Western Digital’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s dividend payout ratio (DPR) is presently 2.48%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Cantor Fitzgerald dropped their price objective on Western Digital from $900.00 to $625.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho set a $490.00 target price on Western Digital in a research note on Friday. The Goldman Sachs Group set a $540.00 price target on shares of Western Digital in a research report on Friday. Wedbush lifted their price target on shares of Western Digital from $540.00 to $650.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Wall Street Zen raised shares of Western Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $584.00.

Western Digital Profile

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.