Comprehensive Financial Planning Inc. PA Makes New Investment in Western Digital Corporation $WDC

Comprehensive Financial Planning Inc. PA purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,241 shares of the data storage provider’s stock, valued at approximately $2,070,000. Western Digital makes up 1.1% of Comprehensive Financial Planning Inc. PA’s portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Western Digital during the second quarter worth $28,000. Dunhill Financial LLC acquired a new stake in Western Digital in the 2nd quarter valued at $29,000. Gables Capital Management Inc. acquired a new stake in Western Digital in the 2nd quarter valued at $32,000. Ares Financial Consulting LLC lifted its position in Western Digital by 45.5% during the 2nd quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock worth $51,000 after buying an additional 25 shares in the last quarter. Finally, Dogwood Wealth Management LLC lifted its position in Western Digital by 28.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock worth $57,000 after buying an additional 20 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the transaction, the director directly owned 3,903 shares in the company, valued at approximately $2,062,813.56. The trade was a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the sale, the chief executive officer owned 575,966 shares in the company, valued at approximately $256,287,591.02. This trade represents a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 25,093 shares of company stock valued at $11,650,737. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

WDC has been the subject of several analyst reports. Evercore restated an “outperform” rating and issued a $575.00 price objective on shares of Western Digital in a report on Tuesday, May 26th. Weiss Ratings lowered Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Summit Insights cut Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. Mizuho set a $590.00 price target on Western Digital in a research note on Thursday, August 6th. Finally, Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $534.56.

Western Digital News Summary

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

• Positive Sentiment: Western Digital continues to benefit from improving earnings expectations, stronger storage pricing, and AI-driven cloud demand. Recent coverage characterized the company as a momentum candidate, while its latest results exceeded analyst estimates and management provided a strong fiscal 2027 outlook. Why Western Digital Is a Great Momentum Choice
• Positive Sentiment: Analysts and market commentators remain constructive on the broader memory and storage cycle, citing supply constraints, rising demand from artificial intelligence infrastructure, and potential for continued earnings growth. Jim Cramer on Memory and Storage Stocks
• Neutral Sentiment: The stock’s recent rally was supported by bullish commentary about a potential memory bottleneck and by optimism surrounding the company’s margins and forecast-beating outlook. Those gains have left WDC and its peers more sensitive to profit-taking and changes in investor sentiment. Western Digital Stock Jumps as Memory Rally Accelerates
• Negative Sentiment: Rising Treasury yields are pressuring richly valued AI and semiconductor-related shares, encouraging investors to rotate away from the extended memory trade. Western Digital is declining alongside Micron and SanDisk despite the absence of a company-specific negative announcement. Higher Rates Test the Memory Boom
• Negative Sentiment: A Wall Street Journal report concerning previously undisclosed AI spending commitments appears to have intensified concerns about AI-related valuations and corporate spending, weighing on the entire memory and storage group. WSJ Report Sends Memory Stocks Down

Western Digital Price Performance

Shares of WDC opened at $496.16 on Wednesday. The company has a market cap of $171.02 billion, a PE ratio of 20.49 and a beta of 2.14. The firm has a 50-day moving average of $556.08 and a 200-day moving average of $430.29. Western Digital Corporation has a one year low of $73.14 and a one year high of $799.87.

Western Digital (NASDAQ:WDC) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.25. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the firm earned $1.66 EPS. Western Digital’s quarterly revenue was up 43.8% compared to the same quarter last year. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. Analysts expect that Western Digital Corporation will post 19.65 earnings per share for the current year.

Western Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital’s dividend payout ratio (DPR) is presently 2.48%.

Western Digital 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.