Kercheville Advisors LLC Makes New Investment in Western Digital Corporation $WDC

Kercheville Advisors LLC purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the first quarter, HoldingsChannel reports. The firm purchased 1,200 shares of the data storage provider’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WDC. Rakuten Securities Inc. increased its holdings in Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the last quarter. Avion Wealth raised its position 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 position in Western Digital during the fourth quarter worth $32,000. BOKF NA lifted its stake in Western Digital by 6,700.0% during the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 268 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Western Digital during the third quarter worth $33,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Western Digital

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

• Positive Sentiment: Analysts have remained constructive on Western Digital, with recent price-target increases from firms including JPMorgan and Morgan Stanley, reflecting optimism about earnings power and AI-related storage demand.
• Positive Sentiment: Western Digital’s recent quarterly results beat expectations, with revenue and EPS ahead of estimates and management guiding for continued expansion, which supports the longer-term bull case.
• Neutral Sentiment: Investor attention has stayed high around Western Digital as the stock has rallied strongly this year, keeping it in focus as a leveraged AI-memory play.
• Negative Sentiment: Today’s decline appears tied to a broad selloff in semiconductor and memory names as investors worry about an AI-bubble-style valuation reset and weakness in Asian chip markets.
• Negative Sentiment: Western Digital also faces some near-term share-overhang concerns after disclosed share-exchange transactions involving Sandisk stock, which may have added pressure on the stock.

Western Digital Stock Down 8.4%

NASDAQ WDC opened at $670.75 on Wednesday. Western Digital Corporation has a 52 week low of $60.56 and a 52 week high of $799.87. The firm has a 50 day moving average of $501.56 and a two-hundred day moving average of $335.98. The stock has a market capitalization of $231.19 billion, a PE ratio of 40.04 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company’s revenue was up 45.5% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities research analysts expect that Western Digital Corporation will post 9.6 earnings per share for the current fiscal year.

Western Digital Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WDC shares. Wall Street Zen raised Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Rosenblatt Securities raised their target price on Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen lifted their target price on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Evercore reiterated an “outperform” rating and set a $575.00 price target on shares of Western Digital in a research note on Tuesday, May 26th. Finally, Fox Advisors cut shares of Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Western Digital has an average rating of “Moderate Buy” and an average target price of $450.46.

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 432 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the completion of the transaction, the insider directly owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $411.84, for a total value of $8,236,800.00. Following the completion of the transaction, the chief executive officer owned 598,150 shares in the company, valued at approximately $246,342,096. The trade was a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,322 shares of company stock valued at $12,768,550 in the last three months. Corporate insiders own 0.18% of the company’s stock.

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.