WESPAC Advisors LLC Takes Position in Western Digital Corporation $WDC

WESPAC Advisors LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,605 shares of the data storage provider’s stock, valued at approximately $793,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Western Digital by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock worth $5,196,484,000 after acquiring an additional 243,177 shares in the last quarter. WCM Investment Management LLC purchased a new position in Western Digital in the third quarter valued at about $791,317,000. Holocene Advisors LP grew its stake in Western Digital by 8.5% in the second quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock valued at $354,247,000 after purchasing an additional 431,419 shares during the last quarter. Northern Trust Corp raised its holdings in Western Digital by 11.2% in the third quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock worth $456,884,000 after purchasing an additional 384,103 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Western Digital by 11.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock worth $456,737,000 after purchasing an additional 402,981 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WDC shares. TD Cowen raised their price target on shares of Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a report on Friday, January 30th. Mizuho raised their target price on shares of Western Digital to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Argus set a $300.00 price target on shares of Western Digital in a report on Tuesday, February 3rd. Barclays boosted their target price on shares of Western Digital from $240.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Citigroup increased their price objective on Western Digital to $325.00 and gave the company a “buy” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Western Digital has an average rating of “Moderate Buy” and a consensus price target of $265.58.

Western Digital Stock Performance

NASDAQ:WDC opened at $275.34 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $319.62. The stock has a market capitalization of $93.35 billion, a PE ratio of 27.62, a P/E/G ratio of 0.63 and a beta of 1.76. The company has a fifty day moving average of $272.75 and a two-hundred day moving average of $194.47.

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

Western Digital Announces Dividend

The firm also recently declared 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 was Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. Western Digital’s payout ratio is presently 5.02%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Cloud growth and margin upside highlighted as a key thesis for WDC’s next leg of revenue and margin expansion. Western Digital: Cloud Key Driver To Growth And Margins
• Positive Sentiment: Technical market action: a recent trading signal coincided with a rebound in WDC shares, supporting near-term momentum. Western Digital Shares Rebound, Climb 3% After Key Trading Signal
• Positive Sentiment: Analyst comparisons favor WDC over peers like NetApp on AI-driven storage demand and cash returns, reinforcing buy-case narratives. Western Digital vs. NetApp: Which Data Storage Stock is the Better Buy?
• Positive Sentiment: WD is part of an open-source quantum error correction collaboration (OQD + QuScript), signaling R&D breadth that may support longer-term enterprise opportunities. OQD Launches Open-Source Collaboration with WD and QuScript to Advance Quantum Error Correction
• Neutral Sentiment: Retail promotions and deep discounts on WD-branded SSDs/HDDs (Amazon/Best Buy sales) could boost volume but also reflect aggressive consumer pricing. Upgrade your NAS storage with this WD 2TB SSD – now $240 off during Amazon’s Spring Sale
• Negative Sentiment: Google’s new TurboQuant algorithm has raised investor concerns that AI models could require materially less memory, potentially reducing hardware demand long-term. Google Just Unveiled TurboQuant: Should You Sell Sandisk Stock Now?
• Negative Sentiment: Sector reaction and a Micron selloff reflect investor skepticism about how sustainable AI-driven memory demand will be if efficiency improvements proliferate. Micron Drop Raises A Bigger AI Question
• Negative Sentiment: Broader market and interest-rate concerns are pressuring computer and memory stocks generally, tempering upside for WDC despite company-level positives. SNDK, WDC and STX Forecasts – Computer Companies Fall with Everything Else

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 8,518 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $255.32, for a total value of $2,174,815.76. Following the transaction, the insider directly owned 99,276 shares of the company’s stock, valued at $25,347,148.32. This trade represents a 7.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider owned 121,682 shares in the company, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,795 shares of company stock worth $24,265,884 in the last 90 days. 0.18% of the stock is currently owned by insiders.

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.