3,543 Shares in Western Digital Corporation $WDC Purchased by WBI Investments LLC

WBI Investments LLC bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,543 shares of the data storage provider’s stock, valued at approximately $425,000.

Several other hedge funds also recently made changes to their positions in the company. 44 Wealth Management LLC lifted its holdings in shares of Western Digital by 0.8% in the 3rd quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock worth $1,120,000 after purchasing an additional 78 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Western Digital by 7.1% in the 3rd quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after acquiring an additional 85 shares during the period. Pure Financial Advisors LLC lifted its position in 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 purchasing an additional 107 shares during the last quarter. Bogart Wealth LLC boosted its stake in Western Digital by 57.7% during the 3rd quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock valued at $37,000 after purchasing an additional 113 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted 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. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital News Roundup

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

• Positive Sentiment: Analysts and market commentators point to constrained supply for 2026 and continued demand upside, with Cantor Fitzgerald highlighting significant further upside on reports WDC is sold out of capacity for next year. Should You Chase the Rally in Western Digital Stock Today?
• Positive Sentiment: Company hit all‑time highs ahead of a quarterly dividend and analysts are increasingly framing WDC as an AI-storage beneficiary; some models hold fair value around $321, supporting the constructive narrative. Western Digital (WDC) Climbs to All-Time High on Dividend Payment How The Western Digital (WDC) Narrative Is Shifting With AI Storage Hopes And Lofty Targets
• Positive Sentiment: Reputation and governance recognition: WDC was named one of the 2026 World’s Most Ethical Companies for the eighth consecutive year — bolsters ESG credentials for institutional holders. Ethisphere Names WD as One of the 2026 World’s Most Ethical Companies® for the Eighth Time
• Positive Sentiment: Long-term institutional interest: commentary notes substantial historical inflows and institutional accumulation trends that support a bullish structural thesis. Beyond Data, Western Digital Stores Institutional Capital
• Neutral Sentiment: Macro and stock-selection reminders: one piece cautions that cash generation alone doesn’t guarantee smart reinvestment — a reminder to evaluate capital allocation. 2 Cash-Producing Stocks to Keep an Eye On and 1 We Question
• Neutral Sentiment: Competition and market structure: Seagate and flash-storage trends are being watched as potential offsets to HDD demand upside; investors should weigh competitive risks. Can Video Data Growth Drive Demand for Seagate’s HDD Portfolio?
• Neutral Sentiment: Broader-market context: commodity moves and Fed/earnings calendars are capping gains in the tape — macro factors that can drive short-term volatility. Dow Jones Futures: Oil Prices Cap Market Gains; Fed Looms, Micron Earnings Could Trigger 8 Buys
• Negative Sentiment: Short-term pullback/profit-taking: commentators note WDC fell more than the broader market on the session, likely reflecting profit-taking after the recent run to all‑time highs and sensitivity to wider market swings. Here’s Why Western Digital (WDC) Fell More Than Broader Market

Analyst Ratings Changes

WDC has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $250.00 price target on Western Digital in a report on Tuesday, February 3rd. Robert W. Baird set a $310.00 price objective on Western Digital in a report on Monday, February 2nd. Evercore reaffirmed an “outperform” rating and set a $230.00 target price on shares of Western Digital in a research note on Friday, January 16th. Wells Fargo & Company boosted their price target on Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Susquehanna reissued a “neutral” rating and issued a $285.00 price target on shares of Western Digital in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $265.58.

Western Digital Trading Down 2.8%

Shares of NASDAQ:WDC opened at $304.90 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The stock has a market capitalization of $103.37 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 0.72 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 50 day moving average price of $261.19 and a 200 day moving average price of $183.76.

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, topping the consensus estimate of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. On average, research analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Dividend Announcement

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

Insider Transactions at Western Digital

In other news, insider Vidyadhara K. Gubbi sold 10,148 shares of Western Digital 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 completion of the sale, the insider directly owned 107,794 shares in the company, valued at $29,137,796.14. The trade was a 8.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the sale, the insider owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This trade represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 92,795 shares of company stock worth $24,265,884. 0.18% of the stock is owned by company insiders.

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.