4,605 Shares in Western Digital Corporation $WDC Purchased by WESPAC Advisors LLC

WESPAC Advisors LLC purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,605 shares of the data storage provider’s stock, valued at approximately $793,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings in Western Digital by 229.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after purchasing an additional 967 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Western Digital during the second quarter valued at $307,000. Franklin Resources Inc. boosted its holdings in shares of Western Digital by 93.6% during the 2nd quarter. Franklin Resources Inc. now owns 44,376 shares of the data storage provider’s stock valued at $2,840,000 after buying an additional 21,453 shares in the last quarter. Finally, Choreo LLC grew its position in shares of Western Digital by 69.2% in the 2nd quarter. Choreo LLC now owns 9,402 shares of the data storage provider’s stock worth $602,000 after buying an additional 3,845 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital Price Performance

WDC opened at $275.34 on Monday. The firm’s 50 day simple moving average is $272.75 and its two-hundred day simple moving average is $194.47. The company has a market capitalization of $93.35 billion, a PE ratio of 27.62, a PEG ratio of 0.63 and a beta of 1.76. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $319.62. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate 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 was up 25.2% on a year-over-year basis. During the same period last year, the firm earned $1.77 EPS. As a group, equities analysts forecast that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital’s payout ratio is currently 5.02%.

Insider Activity at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total value of $5,108,800.00. Following the transaction, the chief executive officer owned 623,586 shares of the company’s stock, valued at $159,288,807.84. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of Western Digital stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the sale, the insider directly owned 107,794 shares of the company’s stock, valued at approximately $29,137,796.14. This trade represents a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 92,795 shares of company stock valued at $24,265,884. Company insiders own 0.18% of the company’s stock.

Key Western Digital News

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

• Positive Sentiment: Cloud growth and margin upside highlighted as a key thesis for WDC’s next leg of revenue and margin expansion. Western Digital: Cloud Key Driver To Growth And Margins
• Positive Sentiment: Technical market action: a recent trading signal coincided with a rebound in WDC shares, supporting near-term momentum. Western Digital Shares Rebound, Climb 3% After Key Trading Signal
• Positive Sentiment: Analyst comparisons favor WDC over peers like NetApp on AI-driven storage demand and cash returns, reinforcing buy-case narratives. Western Digital vs. NetApp: Which Data Storage Stock is the Better Buy?
• Positive Sentiment: WD is part of an open-source quantum error correction collaboration (OQD + QuScript), signaling R&D breadth that may support longer-term enterprise opportunities. OQD Launches Open-Source Collaboration with WD and QuScript to Advance Quantum Error Correction
• Neutral Sentiment: Retail promotions and deep discounts on WD-branded SSDs/HDDs (Amazon/Best Buy sales) could boost volume but also reflect aggressive consumer pricing. Upgrade your NAS storage with this WD 2TB SSD – now $240 off during Amazon’s Spring Sale
• Negative Sentiment: Google’s new TurboQuant algorithm has raised investor concerns that AI models could require materially less memory, potentially reducing hardware demand long-term. Google Just Unveiled TurboQuant: Should You Sell Sandisk Stock Now?
• Negative Sentiment: Sector reaction and a Micron selloff reflect investor skepticism about how sustainable AI-driven memory demand will be if efficiency improvements proliferate. Micron Drop Raises A Bigger AI Question
• Negative Sentiment: Broader market and interest-rate concerns are pressuring computer and memory stocks generally, tempering upside for WDC despite company-level positives. SNDK, WDC and STX Forecasts – Computer Companies Fall with Everything Else

Analyst Upgrades and Downgrades

WDC has been the topic of several research reports. Cantor Fitzgerald boosted their price objective on shares of Western Digital to $325.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Rosenblatt Securities reissued a “buy” rating and issued a $340.00 price target on shares of Western Digital in a research report on Wednesday, February 4th. Weiss Ratings raised Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Wall Street Zen cut Western Digital from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, New Street Research set a $250.00 target price on Western Digital in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and a consensus price target of $265.58.

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.