Western Digital Corporation $WDC Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its position in Western Digital Corporation (NASDAQ:WDC) by 22.3% during the 3rd quarter, Holdings Channel reports. The firm owned 14,022 shares of the data storage provider’s stock after selling 4,031 shares during the period. Kestra Advisory Services LLC’s holdings in Western Digital were worth $6,373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dogwood Wealth Management LLC raised its holdings 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 valued at $57,000 after buying an additional 20 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Western Digital by 1.0% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,302 shares of the data storage provider’s stock valued at $1,470,000 after acquiring an additional 22 shares during the period. Everpar Advisors LLC increased its position in shares of Western Digital by 1.8% in the second quarter. Everpar Advisors LLC now owns 1,442 shares of the data storage provider’s stock valued at $921,000 after acquiring an additional 25 shares during the period. Ares Financial Consulting LLC raised its stake in shares of Western Digital by 45.5% during the second quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock valued at $51,000 after acquiring an additional 25 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of Western Digital by 2.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,390 shares of the data storage provider’s stock valued at $888,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In other news, insider Vidyadhara K. Gubbi sold 1,795 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $459.87, for a total value of $825,466.65. Following the sale, the insider directly owned 80,571 shares of the company’s stock, valued at $37,052,185.77. This represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cynthia L. Tregillis sold 1,007 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $478.36, for a total transaction of $481,708.52. Following the completion of the transaction, the insider owned 112,155 shares of the company’s stock, valued at approximately $53,650,465.80. The trade was a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,436 shares of company stock valued at $2,440,664 in the last three months. Insiders own 0.20% of the company’s stock.

Western Digital Stock Performance

Shares of NASDAQ:WDC opened at $313.31 on Thursday. Western Digital Corporation has a 52-week low of $132.43 and a 52-week high of $799.87. The firm has a market capitalization of $117.28 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.02 and a beta of 2.27. The stock has a 50 day moving average price of $397.39 and a 200-day moving average price of $419.83.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, October 22nd. The data storage provider reported $4.64 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.53. Western Digital had a return on equity of 55.62% and a net margin of 69.20%. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the business posted $1.78 EPS. The firm’s revenue for the quarter was up 55.5% compared to the same quarter last year. On average, equities analysts forecast that Western Digital Corporation will post 23.62 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be given a dividend of $0.1750 per share. This is an increase from Western Digital’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, December 4th. Western Digital’s payout ratio is 2.72%.

Top Western Digital Stories

Investors following WDC have been watching these stories:

• Positive Sentiment: Western Digital’s latest outlook calls for quarterly revenue of $5.1 billion and gross margins of up to 61%, reinforcing expectations for strong demand and profitability. Western Digital Stocks Climb as AI Storage Names Rebound
• Positive Sentiment: A rebound across AI and storage hardware shares is helping WDC recover after a sharp pullback. Investors are also weighing its recent earnings beat, strong revenue growth, raised near-term outlook and dividend increase as signs of business momentum and cash generation. Why Western Digital Stock Is Up Today
• Neutral Sentiment: Commentary sees WDC’s valuation as potentially reasonable relative to its earnings, but notes that the stock’s steep gains over the past three years and recent volatility leave investors debating how much future growth is already reflected in the share price. Western Digital Stock Looks Reasonable Despite AI Data Center Fears

Wall Street Analysts Forecast Growth

WDC has been the subject of a number of analyst reports. The Goldman Sachs Group set a $540.00 target price on shares of Western Digital in a report on Friday, October 23rd. BNP Paribas Exane boosted their price target on Western Digital from $660.00 to $700.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Morgan Stanley set a $668.00 price target on Western Digital and gave the company an “overweight” rating in a research report on Friday, October 23rd. Robert W. Baird set a $900.00 price objective on Western Digital in a report on Friday, October 23rd. Finally, Weiss Ratings lowered Western Digital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and a consensus target price of $591.04.

Western Digital Company Profile

Western Digital Corporation (NASDAQ: WDC) develops and supplies hard disk drives (HDDs) and related data-storage products. Its drives serve data centers and cloud providers, as well as businesses and consumers who need storage for computers, network-attached storage systems, surveillance and other applications. Its product brands include WD and Ultrastar. Founded in 1970, the company began as an electronics and semiconductor business before expanding into data storage. In February 2025, Western Digital completed the separation of its flash-memory business into the independently traded SanDisk Corporation, leaving Western Digital focused on HDDs.