HighPoint Advisor Group LLC Has $5.15 Million Stock Position in Western Digital Corporation $WDC

HighPoint Advisor Group LLC increased its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 302.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,871 shares of the data storage provider’s stock after buying an additional 22,451 shares during the period. HighPoint Advisor Group LLC’s holdings in Western Digital were worth $5,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC lifted its position in Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Rakuten Securities Inc. lifted its position in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after buying an additional 204 shares in the last quarter. Westfuller Advisors LLC acquired a new position in Western Digital during the 3rd quarter valued at about $30,000. Finally, Avion Wealth lifted its position in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $515.83 on Tuesday. The company has a market capitalization of $177.80 billion, a price-to-earnings ratio of 30.80 and a beta of 2.10. The firm’s 50 day simple moving average is $334.30 and its 200 day simple moving average is $247.47. Western Digital Corporation has a fifty-two week low of $46.40 and a fifty-two week high of $525.15.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. Western Digital’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities research analysts expect that Western Digital Corporation will post 9.57 earnings per share for the current year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be given a $0.15 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio is 2.99%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WDC. TD Cowen upped their target price on shares of Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Argus set a $300.00 target price on shares of Western Digital in a research report on Tuesday, February 3rd. Barclays upped their target price on shares of Western Digital from $405.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley restated an “overweight” rating and set a $488.00 target price on shares of Western Digital in a research report on Friday, May 1st. Finally, Citigroup upped their target price on shares of Western Digital from $405.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $395.83.

Trending Headlines about Western Digital

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

• Positive Sentiment: Western Digital reported better-than-expected Q3 results, with EPS of $2.72 versus $2.39 expected and revenue of $3.34 billion versus $3.25 billion estimated, while also boosting its dividend by 20%. Western Digital (WDC) Stock Soars to Record Peak on Stellar Q3 Results and Dividend Boost
• Positive Sentiment: Several reports said WDC is benefiting from surging AI infrastructure spending, which is increasing demand for high-capacity data center storage and memory chips. Western Digital rallies 7% amid AI surge in Micron and Sandisk
• Positive Sentiment: Analyst commentary highlighted Western Digital as a potential winner from continued hyperscaler AI spending, reinforcing the bullish memory-storage trade. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Neutral Sentiment: Short-interest data showed 0 shares reported as of May 11, which does not provide a meaningful signal for investors.
• Neutral Sentiment: Related coverage also noted strong momentum in SanDisk and the broader memory ETF, adding to sector enthusiasm rather than changing WDC-specific fundamentals. SanDisk’s 4,000% Moonshot Just Made Its Parent The Underdog

Insiders Place Their Bets

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the sale, the chief executive officer directly owned 598,150 shares in the company, valued at approximately $246,342,096. This trade represents a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $377.09, for a total transaction of $136,883.67. Following the sale, the insider owned 120,023 shares in the company, valued at $45,259,473.07. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 53,679 shares of company stock worth $18,049,314. Company insiders own 0.18% of the company’s stock.

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.