8,300 Shares in Western Digital Corporation $WDC Acquired by Rational Advisors Inc.

Rational Advisors Inc. bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,300 shares of the data storage provider’s stock, valued at approximately $5,301,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Western Digital during the fourth quarter worth $788,729,000. Soroban Capital Partners LP grew its holdings in shares of Western Digital by 1,926.3% during the second quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after buying an additional 2,910,062 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Western Digital in the 2nd quarter valued at $1,602,927,000. Polar Capital Holdings Plc acquired a new position in shares of Western Digital in the 3rd quarter valued at $221,800,000. Finally, Anther Capital Ltd purchased a new position in Western Digital in the 2nd quarter worth $901,601,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Western Digital’s long-term outlook remains supported by demand for AI infrastructure, cloud computing, enterprise storage, automotive systems and other data-intensive applications. Analysts at Zacks continue to identify WDC as a potential beneficiary of strong memory and storage demand, particularly following Nvidia’s solid results. 4 High-Flying Memory and Storage Giants
• Positive Sentiment: The company’s latest quarterly results provide fundamental support: revenue rose 43.8% year over year to $3.75 billion, while earnings of $3.56 per share exceeded expectations. Guidance for $3.85 to $4.15 in next-quarter EPS also remains constructive.
• Positive Sentiment: Wall Street’s consensus remains bullish, with a “Moderate Buy” rating and an average price target above the current trading level. Several firms have cited continued AI and storage demand as reasons for further upside. Wall Street’s Bullish Views on WDC
• Neutral Sentiment: Insider Cynthia Tregillis sold a small portion of her holdings under a pre-arranged Rule 10b5-1 trading plan. The transactions modestly reduce her position but do not necessarily signal deteriorating confidence. Cynthia Tregillis Insider Transactions
• Negative Sentiment: Memory and storage stocks sold off even after Nvidia reported strong results, suggesting investors are taking profits from an extended AI trade and differentiating among suppliers. Western Digital’s underperformance versus peers has amplified concern that expectations or valuation may have become too aggressive. Why Memory Stocks Fell Despite Nvidia’s Results

Insider Buying and Selling

In other Western Digital news, insider Vidyadhara K. Gubbi sold 2,475 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $556.24, for a total value of $1,376,694.00. Following the sale, the insider owned 85,154 shares in the company, valued at approximately $47,366,060.96. This represents a 2.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Cynthia L. Tregillis sold 1,007 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $478.36, for a total value of $481,708.52. Following the completion of the sale, the insider owned 112,155 shares in the company, valued at approximately $53,650,465.80. This represents a 0.89% 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. Insiders have sold a total of 26,117 shares of company stock valued at $12,053,353 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WDC shares. Melius Research set a $1,050.00 price target on Western Digital and gave the stock a “buy” rating in a research report on Monday, June 29th. Morgan Stanley reissued an “overweight” rating and issued a $676.00 price objective on shares of Western Digital in a report on Thursday, August 6th. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Barclays lifted their target price on Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Finally, Summit Insights lowered Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $534.56.

Western Digital Stock Performance

NASDAQ:WDC opened at $459.45 on Friday. Western Digital Corporation has a one year low of $77.90 and a one year high of $799.87. The firm has a market cap of $158.36 billion, a price-to-earnings ratio of 18.98 and a beta of 2.14. The firm’s fifty day moving average is $526.99 and its two-hundred day moving average is $439.63.

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

Western Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital’s dividend payout ratio (DPR) is 2.48%.

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.