Western Digital Corporation $WDC Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. trimmed its holdings in Western Digital Corporation (NASDAQ:WDC) by 17.8% during the third quarter, HoldingsChannel.com reports. The fund owned 76,058 shares of the data storage provider’s stock after selling 16,485 shares during the period. Western Digital makes up approximately 1.2% of John G Ullman & Associates Inc.’s holdings, making the stock its 22nd largest holding. John G Ullman & Associates Inc.’s holdings in Western Digital were worth $9,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new stake in Western Digital during the 3rd quarter worth $95,000. Waterloo Capital L.P. acquired a new position in Western Digital in the third quarter valued at $254,000. HighPoint Advisor Group LLC raised its holdings in shares of Western Digital by 4.9% in the third quarter. HighPoint Advisor Group LLC now owns 7,420 shares of the data storage provider’s stock valued at $891,000 after buying an additional 345 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Western Digital by 284.9% during the third quarter. Bessemer Group Inc. now owns 11,401 shares of the data storage provider’s stock worth $1,368,000 after buying an additional 8,439 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Western Digital by 202.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 58,990 shares of the data storage provider’s stock worth $7,082,000 after buying an additional 39,479 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital Trading Down 3.4%

Shares of WDC stock opened at $260.19 on Friday. The business’s fifty day moving average price is $202.97 and its 200 day moving average price is $142.32. The firm has a market capitalization of $88.21 billion, a PE ratio of 26.10, a P/E/G ratio of 0.70 and a beta of 1.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $296.50.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the company earned $1.77 earnings per share. Western Digital’s quarterly revenue was up 25.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital’s dividend payout ratio is presently 5.02%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Cantor Fitzgerald upped their price objective on Western Digital to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Susquehanna lifted their target price on Western Digital from $135.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Robert W. Baird set a $310.00 price target on Western Digital in a report on Monday. Finally, Weiss Ratings upgraded shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $262.25.

Insider Activity at Western Digital

In other Western Digital news, Director Kimberly Alexy sold 1,768 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total value of $272,272.00. Following the completion of the transaction, the director directly owned 3,585 shares of the company’s stock, valued at approximately $552,090. This trade represents a 33.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 2,801 shares of Western Digital stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.57, for a total transaction of $449,756.57. Following the sale, the insider owned 144,596 shares of the company’s stock, valued at approximately $23,217,779.72. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 26,816 shares of company stock valued at $6,211,148. 0.18% of the stock is owned by corporate insiders.

Key Western Digital News

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

• Positive Sentiment: Board approved an additional $4 billion share repurchase program, which supports share price by reducing float and signals management confidence. Read More.
• Positive Sentiment: Company held Innovation Day and unveiled an AI-focused HDD/roadmap (path to 100TB+ drives and High Bandwidth Drive tech) that reinforces WDC’s role in AI data infrastructure and bolsters the long-term demand thesis. Read More.
• Positive Sentiment: Recent results and guidance showed revenue and margin strength, supporting the “memory supercycle” thesis (durable demand for high‑capacity drives), which underpins bullish analyst revisions. Read More.
• Positive Sentiment: Several firms raised price targets and reiterated buys (examples: Mizuho, Rosenblatt), lifting sentiment and feeding momentum into the stock ahead of today’s pullback. Read More.
• Neutral Sentiment: SanDisk (spun off from WDC) is rallying sharply and remains very volatile; the sector rotation into memory benefits WDC but also concentrates exposure to cyclical swings. Read More.
• Neutral Sentiment: Macro/policy moves (U.S. push to secure critical minerals) could support domestic supply chains longer term but are not an immediate stock catalyst. Read More.
• Negative Sentiment: CEO Irving Tan sold 20,000 shares (~$5.1M), a disclosed insider sale that may have prompted short-term profit‑taking or signaled a window for selling after the recent run. Read More.

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.