Wolf Hill Capital Management LP Has $73.56 Million Stock Holdings in Western Digital Corporation $WDC

Wolf Hill Capital Management LP boosted its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 63.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 612,656 shares of the data storage provider’s stock after buying an additional 237,656 shares during the quarter. Western Digital makes up approximately 6.7% of Wolf Hill Capital Management LP’s portfolio, making the stock its 3rd biggest position. Wolf Hill Capital Management LP owned 0.18% of Western Digital worth $73,555,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC raised its position in shares of Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 204 shares during the last quarter. Grove Bank & Trust acquired a new stake in Western Digital during the 3rd quarter valued at approximately $30,000. Finally, Westfuller Advisors LLC acquired a new stake in Western Digital during the 3rd quarter valued at approximately $30,000. Institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total transaction of $9,616,638.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of Western Digital stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the transaction, the insider owned 99,276 shares of the company’s stock, valued at $25,347,148.32. This represents a 7.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 92,795 shares of company stock worth $24,265,884. 0.18% of the stock is owned by company insiders.

Western Digital Trading Up 3.9%

Shares of NASDAQ:WDC traded up $10.25 during mid-day trading on Friday, hitting $271.43. The company had a trading volume of 3,179,624 shares, compared to its average volume of 9,933,881. 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 one year low of $28.83 and a one year high of $309.90. The firm has a fifty day moving average price of $253.54 and a 200 day moving average price of $177.10. The company has a market capitalization of $92.02 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 0.62 and a beta of 1.76.

Western Digital (NASDAQ:WDC) last issued its earnings results 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 net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. Western Digital’s revenue was up 25.2% on a year-over-year basis. As a group, research analysts forecast that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

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

Wall Street Analyst Weigh In

WDC has been the topic of a number of recent analyst reports. China Renaissance initiated coverage on shares of Western Digital in a research report on Friday, December 5th. They issued a “buy” rating and a $193.00 price target on the stock. Weiss Ratings upgraded shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Western Digital in a research note on Monday, February 9th. Rosenblatt Securities restated a “buy” rating and issued a $340.00 target price on shares of Western Digital in a report on Wednesday, February 4th. Finally, Bank of America increased their price target on Western Digital from $197.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $265.58.

Key Western Digital News

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

• Positive Sentiment: Analysts highlight WDC’s outperformance versus the broader Technology sector over the past year and strong forward optimism, supporting investor confidence in further upside. How Is Western Digital’s Stock Performance Compared to Other Technology Stocks?
• Positive Sentiment: Jim Cramer named WDC as a buy on pullbacks tied to oil-driven market dips, which can attract retail/institutional dip-buying interest when broader risk events ease. Cramer: Buy Western Digital, Micron, Seagate on oil-driven dips
• Positive Sentiment: VDURA announced plans to combine scalable WD Ultrastar hybrid platforms with cloud‑scale AI file architectures — a product/partner development that underpins revenue and AI-storage demand narratives. VDURA to Combine Scalable WD Ultrastar Hybrid Storage Platforms with Cloud-Scale AI File Architecture
• Positive Sentiment: Brokerage coverage remains constructive (average recommendation ~Buy); continued analyst backing helps sustain demand for WDC shares. Western Digital (WDC) Is Considered a Good Investment by Brokers: Is That True?
• Neutral Sentiment: Industry write-ups and stock‑selection pieces flag WDC among storage winners as cloud, AI and data growth drive demand — supportive context but not new company‑specific catalysts. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Neutral Sentiment: Recent coverage notes the stock’s massive one‑year rally (~540%), prompting questions about remaining upside — this frames sentiment but leaves valuation debate open. Western Digital Surges 540% in a Year: Is the Stock Worth Buying?
• Negative Sentiment: A Zacks report highlighted a recent sharper-than-market pullback (WDC down intraday/at prior close), signaling short‑term volatility and profit‑taking risk after the big run. Western Digital (WDC) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: An insider (Vidyadhara Gubbi) sold ~8.5k shares — not unusually large for a company of WDC’s size but can be cited by short‑term traders as a reason to trim holdings. Vidyadhara Gubbi Sells 8,518 Shares of Western Digital (NASDAQ:WDC) Stock
• Negative Sentiment: Broader market pressure from a jump in oil and risk‑off moves can drag tech and storage stocks, creating day‑to‑day volatility independent of company fundamentals. Dow Jones Futures Fall As Oil Prices Run Past $90; Oracle, Nvidia Lift These AI Names

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.