Personal CFO Solutions LLC Increases Stake in Western Digital Corporation $WDC

Personal CFO Solutions LLC increased its stake in Western Digital Corporation (NASDAQ:WDC) by 48.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,857 shares of the data storage provider’s stock after acquiring an additional 1,581 shares during the period. Personal CFO Solutions LLC’s holdings in Western Digital were worth $1,314,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock valued at $1,698,000 after buying an additional 3,019 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Western Digital by 229.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after buying an additional 967 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Western Digital in the 2nd quarter worth $307,000. Cresset Asset Management LLC acquired a new position in Western Digital in the second quarter valued at $292,000. Finally, Federated Hermes Inc. grew its position in Western Digital by 55.3% during the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock valued at $152,000 after acquiring an additional 845 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $550.30 on Thursday. Western Digital Corporation has a 1-year low of $64.16 and a 1-year high of $799.87. The company has a market capitalization of $189.68 billion, a price-to-earnings ratio of 32.85 and a beta of 2.11. The business has a 50-day moving average of $548.75 and a 200-day moving average of $368.57.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the business posted $1.36 EPS. The company’s revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Research analysts expect that Western Digital Corporation will post 9.6 EPS for the current fiscal year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.60 annualized dividend and a yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s dividend payout ratio (DPR) is 3.58%.

Key Western Digital News

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

• Positive Sentiment: Research chatter turned more constructive after Melius Research was reported as bullish on Western Digital, reinforcing the view that the company is a beneficiary of AI storage demand. Melius Research is Bullish on Western Digital Corporation (WDC)
• Positive Sentiment: Several articles highlighted strong fundamentals and valuation support, including comments that WDC looks inexpensive on cash flow, has beaten earnings recently, and continues to benefit from rising AI-related storage demand. Western Digital (WDC) Stock Looks Cheap On Cash Flow But Rich On Earnings
• Positive Sentiment: Analyst expectations remain generally favorable, with multiple firms maintaining buy or outperform ratings and recent price targets clustered above current levels, including a fresh upgrade in target from Susquehanna. Western Digital had its price target raised by Susquehanna
• Neutral Sentiment: Market-wide headlines about the Nasdaq, Fed minutes, and broader tech rotation are adding noise to trading, but these are not specific to Western Digital’s fundamentals. Stock Market Today: Nasdaq Swings To Score A Win; Fed Minutes Show Split On Direction
• Negative Sentiment: Some investors are still wary after the recent memory-chip selloff tied to Samsung results, which pressured WDC and peers earlier in the week and could keep sentiment choppy. Here is What to Know Beyond Why Western Digital Corporation (WDC) is a Trending Stock

Analyst Ratings Changes

Several equities research analysts have commented on WDC shares. Mizuho upped 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. JPMorgan Chase & Co. lifted their price objective on Western Digital from $530.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Susquehanna increased their target price on shares of Western Digital from $360.00 to $500.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Jefferies Financial Group set a $575.00 price target on shares of Western Digital in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and an average price target of $502.12.

Insider Activity at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the sale, the chief executive officer directly owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction 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 sale, the director directly owned 3,903 shares in the company, valued at $2,062,813.56. This trade represents a 16.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 29,322 shares of company stock worth $12,768,550 over the last quarter. Company insiders own 0.18% of the company’s stock.

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.