Level Four Advisory Services LLC Purchases New Position in Western Digital Corporation $WDC

Level Four Advisory Services LLC acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,862 shares of the data storage provider’s stock, valued at approximately $1,184,000.

Several other large investors have also recently bought and sold shares of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Western Digital by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after purchasing an additional 3,019 shares during the period. Geneos Wealth Management Inc. raised its stake in Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after buying an additional 967 shares during the period. Sivia Capital Partners LLC acquired a new stake in Western Digital during the 2nd quarter worth $307,000. Envestnet Asset Management Inc. lifted its holdings in Western Digital by 78.7% during the second quarter. Envestnet Asset Management Inc. now owns 208,778 shares of the data storage provider’s stock worth $13,360,000 after acquiring an additional 91,966 shares in the last quarter. Finally, Keybank National Association OH acquired a new position in Western Digital in the second quarter valued at about $298,000. Institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In related news, insider Vidyadhara K. Gubbi sold 10,148 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the sale, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. This represents a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cynthia L. Tregillis sold 9,324 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider owned 121,682 shares of the company’s stock, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 84,277 shares of company stock valued at $22,091,068. Corporate insiders own 0.18% of the company’s stock.

Western Digital Trading Down 0.9%

NASDAQ:WDC opened at $259.03 on Friday. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $309.90. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $245.11 and a two-hundred day moving average price of $170.68. The company has a market cap of $87.82 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76.

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

Western Digital Dividend Announcement

The firm also recently declared 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. 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 payout ratio is 5.02%.

Western Digital News Summary

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

• Positive Sentiment: Investor bullishness on AI-driven, high-capacity nearline storage: multiple reports highlight that AI video and cloud AI workloads are materially increasing demand for HDD capacity and that WDC has strong visibility into hyperscaler bookings and sold-out 2026 capacity. Western Digital: AI’s Unsung Storage Backbone
• Positive Sentiment: Favorable analyst and ranking momentum: coverage has tilted bullish with many buy/overweight ratings and high multi-hundred dollar price targets, and Zacks lists WDC among top AI-related names — supporting longer-term re-rating narratives. 3 Red Hot AI Stocks Sporting Favorable Zacks Ranks: SNDK, WDC, TER
• Positive Sentiment: Balance-sheet and strategic simplification: after spinning off its flash business, WDC redeemed senior notes, simplified capital structure, and refocused product branding (G-DRIVE) — moves that reduce leverage and clarify the company’s standalone HDD story. Western Digital Refines Capital Structure And Brand Focus After Spin Off
• Neutral Sentiment: Valuation reassessment amid volatility: some investors are re-checking WDC’s valuation after big recent swings — positive revenue/net-income trends are balanced against a higher price multiple and elevated expectations for AI storage growth. Western Digital (WDC) Valuation Check After Recent Share Price Volatility And AI Storage Growth Expectations
• Neutral Sentiment: Peer-comparison and sector flow: articles comparing WDC to Seagate note both names were swung by the sector sell-off and subsequent bounce — positioning versus peers will matter for relative performance. Western Digital vs Seagate After the Sell-Off: One Storage Rival Is a Clear Winner
• Negative Sentiment: Cyclical and macro risk warnings: analysts and commentary caution that storage is cyclical — sell-offs tied to macro/geopolitical shocks (e.g., Iran-related risk) can quickly reverse sentiment even when demand fundamentals look strong. Western Digital: Don’t Get Fooled By The Cycle
• Negative Sentiment: Insider selling and concentrated flows: reporting shows substantial insider sales and mixed institutional repositioning, which can sap confidence during pullbacks. Western Digital (WDC) jumps 8% as investors refocus on AI-driven storage demand after recent pullback

Wall Street Analysts Forecast Growth

WDC has been the topic of a number of research analyst reports. Truist Financial set a $310.00 price target on Western Digital in a research report on Tuesday, February 3rd. Wall Street Zen cut Western Digital from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Wells Fargo & Company lifted their price target on shares of Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. TD Cowen increased their price objective on shares of Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, The Goldman Sachs Group set a $250.00 price objective on shares of Western Digital in a research report on Tuesday, February 3rd. 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $265.58.

Western Digital Company 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.