Quadcap Wealth Management LLC Purchases 1,510 Shares of Western Digital Corporation $WDC

Quadcap Wealth Management LLC lifted its position in shares of Western Digital Corporation (NASDAQ:WDC) by 75.2% during the first quarter, Holdings Channel reports. The institutional investor owned 3,517 shares of the data storage provider’s stock after purchasing an additional 1,510 shares during the period. Quadcap Wealth Management LLC’s holdings in Western Digital were worth $951,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Western Digital in the 4th quarter worth $788,729,000. Soroban Capital Partners LP lifted its position in shares of Western Digital by 1,926.3% in 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 acquiring an additional 2,910,062 shares in the last quarter. Polar Capital Holdings Plc purchased a new position in shares of Western Digital in the third quarter valued at about $221,800,000. National Pension Service boosted its stake in shares of Western Digital by 267.6% in the fourth quarter. National Pension Service now owns 1,691,659 shares of the data storage provider’s stock worth $291,422,000 after acquiring an additional 1,231,477 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Western Digital by 70.4% in the fourth quarter. AQR Capital Management LLC now owns 2,972,703 shares of the data storage provider’s stock worth $512,107,000 after acquiring an additional 1,228,661 shares during the period. Institutional investors 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: Memory-chip peers such as Micron, Sandisk, and SK Hynix were reported surging on continued enthusiasm for AI infrastructure spending and tight memory supply, which can lift sentiment for Western Digital as well. Article: Why Micron, Sandisk, and SK Hynix Are Surging—And How to Play It
• Positive Sentiment: Analysts highlighted Western Digital’s AI storage exposure and relatively stronger financial footing versus peers like Super Micro, reinforcing the stock’s appeal as an AI hardware play. Article: WDC vs. SMCI: Which AI Hardware Stock is the Smarter Investment Now?
• Positive Sentiment: A valuation piece argued that Western Digital still looks attractive on earnings and especially cheap on a cash-flow basis, suggesting the recent rally may have room to continue if AI demand remains strong. Article: Western Digital (WDC) Stock Looks Reasonable On Earnings While Cash Flow Looks Cheap
• Neutral Sentiment: One report said Western Digital reentered merger-focused discussion, but it did not provide a concrete transaction update, so the near-term stock impact is unclear. Article: Western Digital (WDC) Reenters Merger Focus, Where Does Fair Value Sit?
• Neutral Sentiment: Short-interest data showed no meaningful short position reported, which does not appear to be a major driver of the stock today.

Western Digital Stock Performance

NASDAQ:WDC opened at $519.80 on Monday. The company has a market capitalization of $179.16 billion, a P/E ratio of 31.03 and a beta of 2.11. Western Digital Corporation has a 12 month low of $66.51 and a 12 month high of $799.87. The business’s 50-day moving average is $564.90 and its 200 day moving average is $398.53.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The firm’s revenue was up 45.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, research analysts forecast that Western Digital Corporation will post 9.61 earnings per share for the current year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were given a dividend of $0.15 per share. The ex-dividend date was Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s dividend payout ratio is currently 3.58%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird lifted their target price on Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Fox Advisors downgraded Western Digital from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. UBS Group restated a “neutral” rating and issued a $560.00 price target on shares of Western Digital in a research note on Monday, July 13th. Sanford C. Bernstein raised shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective for the company in a report on Tuesday, March 31st. Finally, Barclays lifted their price objective on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $520.32.

Insider Transactions at Western Digital

In related news, insider Cynthia L. Tregillis sold 432 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $545.60, for a total value of $235,699.20. Following the sale, the insider owned 116,643 shares in the company, valued at approximately $63,640,420.80. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the sale, the insider directly owned 90,041 shares in the company, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,959 shares of company stock valued at $12,631,666 over the last quarter. 0.18% of the stock is owned by insiders.

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.