IPG Investment Advisors LLC Has $2.74 Million Stock Holdings in Western Digital Corporation $WDC

IPG Investment Advisors LLC lowered its stake in Western Digital Corporation (NASDAQ:WDC) by 24.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,292 shares of the data storage provider’s stock after selling 1,360 shares during the quarter. IPG Investment Advisors LLC’s holdings in Western Digital were worth $2,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its holdings in shares of Western Digital by 71.4% during the second quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock worth $147,275,000 after acquiring an additional 96,078 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Western Digital by 33.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock valued at $193,303,000 after purchasing an additional 282,156 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Western Digital in the 4th quarter worth about $20,889,000. World Investment Advisors raised its stake in shares of Western Digital by 145.8% during the 4th quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock worth $1,025,000 after purchasing an additional 3,529 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Western Digital by 98.3% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 296,694 shares of the data storage provider’s stock worth $51,111,000 after purchasing an additional 147,094 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insiders Place Their Bets

In other news, insider Vidyadhara Gubbi sold 1,795 shares of Western Digital stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $459.87, for a total transaction of $825,466.65. Following the sale, the insider directly owned 80,571 shares in the company, valued at approximately $37,052,185.77. The trade was a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cynthia Tregillis sold 432 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $451.20, for a total transaction of $194,918.40. Following the completion of the transaction, the insider directly owned 111,030 shares of the company’s stock, valued at $50,096,736. This trade represents a 0.39% decrease in their position. 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. Insiders have sold 25,437 shares of company stock worth $11,461,345 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Up 1.0%

WDC opened at $482.28 on Thursday. The stock’s 50 day moving average price is $496.79 and its two-hundred day moving average price is $450.83. The firm has a market capitalization of $166.23 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 2.02 and a beta of 2.13. Western Digital Corporation has a 12-month low of $93.92 and a 12-month high of $799.87.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share 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 firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the firm earned $1.66 EPS. The business’s revenue was up 43.8% on a year-over-year basis. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, analysts anticipate that Western Digital Corporation will post 19.65 earnings per share for the current year.

Western Digital Announces Dividend

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

More Western Digital News

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

• Positive Sentiment: AI-driven storage demand remains a key growth catalyst. Rising data volumes from AI inference, agentic AI and other emerging workloads could support long-term demand for Western Digital’s data-center storage products. AI Data Explosion: Can WDC Become a Bigger Storage Winner?
• Positive Sentiment: Strong free cash flow supports shareholder returns. WDC entered fiscal 2027 with stronger cash generation and a net cash position, potentially enabling continued buybacks and dividend payments. The company recently declared a quarterly dividend of $0.15 per share. Can Western Digital’s Strong FCF Sustain Buybacks and Dividends?
• Positive Sentiment: Recent operating performance has exceeded expectations. Western Digital’s latest reported quarter included adjusted earnings of $3.56 per share versus the $3.31 consensus estimate, while revenue rose 43.8% year over year to $3.75 billion. Fiscal first-quarter 2027 guidance of $3.85–$4.15 in EPS reinforces the bullish earnings narrative.
• Neutral Sentiment: Management’s Citi Global TMT Conference presentation is in focus. Investors are evaluating the company’s latest commentary on storage demand, AI exposure and fiscal 2027 prospects for additional clues about the sustainability of its growth. Western Digital Presents at Citi’s 2026 Global TMT Conference
• Negative Sentiment: Valuation has become a concern. A separate analysis questions whether WDC is priced too aggressively after its substantial advance. With the stock trading at roughly 20 times earnings, further gains may depend on continued earnings growth and successful execution. Is Western Digital Priced Too High?
• Negative Sentiment: Insider selling adds a modest cautionary signal. Insider Vidyadhara Gubbi sold 1,795 shares and Cynthia Tregillis sold 432 shares. Both retained sizable holdings, and Tregillis’s transaction was made under a pre-arranged Rule 10b5-1 plan, reducing its significance as a bearish signal. Western Digital Insider Selling

Analyst Ratings Changes

Several analysts have commented on WDC shares. Robert W. Baird set a $630.00 target price on shares of Western Digital in a research report on Thursday, August 6th. Citigroup cut their price target on shares of Western Digital from $800.00 to $740.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $676.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. Bank of America increased their target price on shares of Western Digital from $610.00 to $732.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Evercore restated an “outperform” rating and set a $575.00 target price on shares of Western Digital in a report on Tuesday, May 26th. Two equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $534.56.

Western Digital Company Profile

Western Digital Corporation (NASDAQ: WDC) develops, manufactures and sells data storage products and solutions for data centers, cloud service providers, enterprises, businesses and consumers. Its portfolio is centered on hard disk drives (HDDs), including high-capacity enterprise drives used in cloud and data center environments, as well as products for network-attached storage, surveillance and personal computing.

The company markets products under brands including Western Digital, WD, WD_BLACK and Ultrastar.