Centaurus Financial Inc. Buys 2,108 Shares of Western Digital Corporation $WDC

Centaurus Financial Inc. lifted its stake in Western Digital Corporation (NASDAQ:WDC) by 88.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,499 shares of the data storage provider’s stock after purchasing an additional 2,108 shares during the quarter. Centaurus Financial Inc.’s holdings in Western Digital were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. GHP Investment Advisors Inc. grew its position in Western Digital by 9.2% during the 1st quarter. GHP Investment Advisors Inc. now owns 357 shares of the data storage provider’s stock valued at $97,000 after purchasing an additional 30 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in Western Digital by 33.3% in the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the data storage provider’s stock worth $36,000 after buying an additional 33 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of Western Digital by 0.8% in the fourth quarter. Alps Advisors Inc. now owns 4,707 shares of the data storage provider’s stock worth $811,000 after buying an additional 37 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in shares of Western Digital by 1.1% during the first quarter. Astoria Portfolio Advisors LLC. now owns 3,782 shares of the data storage provider’s stock valued at $1,023,000 after buying an additional 40 shares during the last quarter. Finally, Quadcap Wealth Management LLC grew its holdings in shares of Western Digital by 2.1% during the fourth quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock valued at $346,000 after buying an additional 41 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Up 2.2%

Shares of NASDAQ:WDC opened at $544.84 on Friday. The stock has a market capitalization of $187.80 billion, a PE ratio of 32.53 and a beta of 2.11. The firm’s 50 day moving average price is $568.03 and its 200-day moving average price is $407.59. Western Digital Corporation has a twelve month low of $73.14 and a twelve month high of $799.87.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the business posted $1.36 earnings per share. The firm’s quarterly revenue was up 45.5% compared to the same quarter last year. Analysts expect that Western Digital Corporation will post 9.61 earnings per share for the current fiscal year.

Key Western Digital News

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

• Positive Sentiment: A significant “Power Inflow” alert, indicating strong institutional and retail buying pressure, helped trigger a sharp intraday rebound in Western Digital shares. Traders viewed the order-flow signal as bullish. Western Digital Shares Rise 4% After Key Trading Signal
• Positive Sentiment: Western Digital was included among AI-infrastructure stocks that could benefit from more than $750 billion in planned 2026 Big Tech spending. Rising demand for data-center storage and memory supports the company’s growth outlook. Buy 5 AI Infrastructure Stocks as Big Tech’s AI Spending Continues
• Positive Sentiment: The broader memory and storage sector rebounded strongly after a sharp selloff, lifting Western Digital alongside SanDisk, Micron, Seagate and SK Hynix. Analysts cited improving industry fundamentals, strong AI demand and limited near-term risk of semiconductor oversupply as reasons for optimism. Memory Stocks Blast Off
• Neutral Sentiment: Brokerages currently assign Western Digital an average “Moderate Buy” recommendation, while investor attention has increased. The heightened interest may support trading momentum but also reflects the stock’s high volatility. Western Digital Given Average Recommendation of Moderate Buy
• Negative Sentiment: Recent insider selling contributed to a prior decline and remains a sentiment overhang, particularly after Western Digital’s substantial rally. Western Digital Trading Down Following Insider Selling
• Negative Sentiment: Valuation is a key risk. Western Digital has been one of the strongest performers in the AI memory and storage trade, but its elevated valuation leaves less room for disappointment when the company reports earnings. Western Digital’s Earnings Will Test Whether Its AI Rally Has More Room

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WDC. Weiss Ratings upgraded shares of Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 13th. Morgan Stanley increased their target price on Western Digital from $488.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Jefferies Financial Group set a $575.00 target price on Western Digital in a report on Tuesday, May 26th. Mizuho boosted their price target on Western Digital from $550.00 to $685.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Finally, Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and an average target price of $520.32.

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 808 shares of Western Digital stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total transaction of $427,941.04. Following the transaction, the insider owned 114,539 shares in the company, valued at $60,663,290.57. This trade represents a 0.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the sale, the insider directly owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 9,767 shares of company stock worth $4,822,807. 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.