Western Digital Corporation $WDC Stock Position Decreased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 7.7% during the third quarter, Holdings Channel reports. The firm owned 217,272 shares of the data storage provider’s stock after selling 18,170 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Western Digital were worth $26,086,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Addison Advisors LLC raised its holdings in Western Digital by 7.1% during the 3rd quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after buying an additional 85 shares during the period. Pure Financial Advisors LLC lifted its position in shares of Western Digital by 3.1% in the 3rd quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock valued at $430,000 after acquiring an additional 107 shares in the last quarter. Bogart Wealth LLC boosted its stake in Western Digital by 57.7% in the 3rd quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock worth $37,000 after purchasing an additional 113 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Western Digital by 3.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock valued at $465,000 after purchasing an additional 114 shares during the period. Finally, ORG Partners LLC lifted its holdings in shares of Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Western Digital Stock Performance

NASDAQ:WDC opened at $261.30 on Thursday. The business’s fifty day moving average is $243.52 and its 200 day moving average is $170.07. The firm has a market cap of $88.59 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $309.90.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 earnings per share. Research analysts predict that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.50 annualized dividend and a yield of 0.2%. Western Digital’s dividend payout ratio (DPR) is currently 5.02%.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Investor note argues WDC is being re-rated as AI workloads drive multi-year demand for high-capacity nearline HDDs; company says 2026 HDD capacity is sold out, guided for strong revenue and gross-margin expansion, and has tightened its capital/portfolio focus — this underpins the bullish thesis for durable enterprise/cloud demand. Read More.
• Positive Sentiment: Market write-ups tie WDC’s rebound to renewed investor focus on AI video and hyperscaler storage needs after a pullback; momentum-driven snap-back + rotation into higher-beta storage names supported the move. Read More.
• Positive Sentiment: Coverage highlights how AI-generated video and other AI workloads can materially expand capacity requirements vs. traditional data, reinforcing expectations for sustained nearline HDD demand — a direct tailwind for WDC’s product mix. Read More.
• Positive Sentiment: UBS raised memory-price forecasts and price targets after industry meetings, signaling broader cloud/datacenter spend strength — a supportive macro backdrop for storage suppliers (though impact differs across HDD/SSD/memory product lines). Read More.
• Neutral Sentiment: WDC’s presentation at the Morgan Stanley TMT conference contained management commentary reinforcing visibility into hyperscaler plans and capacity allocation — useful for modeling but not a new catalyst by itself. Read More.
• Neutral Sentiment: Brokerage consensus remains constructive (consensus “Moderate Buy” / many recent buy/outperform ratings), which supports sentiment but could limit near-term upside if already priced in. Read More.
• Negative Sentiment: Sector-wide volatility: semiconductor/memory-related sell-offs tied to Middle East tensions and smartphone weakness show macro/geopolitical risk that can pressure high-multiple tech names and trigger short-term pullbacks in storage stocks. Read More.
• Negative Sentiment: Significant insider selling has been reported recently, which some investors view as a governance/conviction concern even as company fundamentals improve — a potential psychological headwind for the stock. Read More.

Insider Buying and Selling

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $260.43, for a total value of $9,616,638.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Cynthia L. Tregillis sold 6,780 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $270.49, for a total value of $1,833,922.20. Following the completion of the sale, the insider directly owned 136,538 shares in the company, valued at approximately $36,932,163.62. The trade was a 4.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 64,805 shares of company stock worth $16,846,612 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WDC shares. Argus set a $300.00 target price on Western Digital in a research note on Tuesday, February 3rd. Cantor Fitzgerald boosted their price target on shares of Western Digital to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Rosenblatt Securities reiterated a “buy” rating and set a $340.00 price objective on shares of Western Digital in a report on Wednesday, February 4th. The Goldman Sachs Group set a $250.00 target price on Western Digital in a research note on Tuesday, February 3rd. Finally, Robert W. Baird set a $310.00 price target on Western Digital in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.58.

Western Digital 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.