Western Digital Corporation $WDC Shares Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC lifted its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 48.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,857 shares of the data storage provider’s stock after purchasing an additional 1,581 shares during the quarter. Personal CFO Solutions LLC’s holdings in Western Digital were worth $1,314,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rakuten Securities Inc. grew its position in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares during the period. Avion Wealth grew its holdings in shares of Western Digital by 163.8% in the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 113 shares during the period. Swiss RE Ltd. purchased a new position in Western Digital in the 4th quarter valued at approximately $32,000. BOKF NA increased its stake in Western Digital by 6,700.0% in the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 268 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in Western Digital during the third quarter worth $33,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Research chatter turned more constructive after Melius Research was reported as bullish on Western Digital, reinforcing the view that the company is a beneficiary of AI storage demand. Melius Research is Bullish on Western Digital Corporation (WDC)
• Positive Sentiment: Several articles highlighted strong fundamentals and valuation support, including comments that WDC looks inexpensive on cash flow, has beaten earnings recently, and continues to benefit from rising AI-related storage demand. Western Digital (WDC) Stock Looks Cheap On Cash Flow But Rich On Earnings
• Positive Sentiment: Analyst expectations remain generally favorable, with multiple firms maintaining buy or outperform ratings and recent price targets clustered above current levels, including a fresh upgrade in target from Susquehanna. Western Digital had its price target raised by Susquehanna
• Neutral Sentiment: Market-wide headlines about the Nasdaq, Fed minutes, and broader tech rotation are adding noise to trading, but these are not specific to Western Digital’s fundamentals. Stock Market Today: Nasdaq Swings To Score A Win; Fed Minutes Show Split On Direction
• Negative Sentiment: Some investors are still wary after the recent memory-chip selloff tied to Samsung results, which pressured WDC and peers earlier in the week and could keep sentiment choppy. Here is What to Know Beyond Why Western Digital Corporation (WDC) is a Trending Stock

Insider Activity

In other Western Digital news, insider Cynthia L. Tregillis sold 432 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $545.60, for a total value of $235,699.20. Following the completion of the transaction, the insider directly owned 116,643 shares in the company, valued at approximately $63,640,420.80. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at approximately $246,342,096. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 29,322 shares of company stock valued at $12,768,550. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WDC has been the topic of a number of research analyst reports. Bank of America boosted their target price on Western Digital from $610.00 to $732.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Jefferies Financial Group set a $575.00 price target on Western Digital in a research note on Tuesday, May 26th. Melius Research set a $1,050.00 price objective on shares of Western Digital and gave the stock a “buy” rating in a research report on Monday, June 29th. TD Cowen increased their price objective on shares of Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Mizuho raised their target price on shares of Western Digital from $550.00 to $685.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $502.12.

Western Digital Stock Up 3.4%

Shares of NASDAQ:WDC opened at $550.30 on Thursday. Western Digital Corporation has a 52-week low of $64.16 and a 52-week high of $799.87. The stock’s fifty day simple moving average is $548.75 and its 200-day simple moving average is $368.57. The company has a market capitalization of $189.68 billion, a P/E ratio of 32.85 and a beta of 2.11.

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

Western Digital Increases Dividend

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

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.