Comprehensive Financial Planning Inc. PA Invests $2.07 Million in Western Digital Corporation $WDC

Comprehensive Financial Planning Inc. PA acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the second quarter, HoldingsChannel reports. The institutional investor acquired 3,241 shares of the data storage provider’s stock, valued at approximately $2,070,000. Western Digital comprises 1.1% of Comprehensive Financial Planning Inc. PA’s portfolio, making the stock its 28th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in WDC. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Western Digital during the 2nd quarter worth approximately $28,000. Dunhill Financial LLC acquired a new position in Western Digital in the 2nd quarter valued at $29,000. Gables Capital Management Inc. acquired a new position in Western Digital in the 2nd quarter valued at $32,000. Ares Financial Consulting LLC increased its position in Western Digital by 45.5% during the 2nd quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock worth $51,000 after buying an additional 25 shares during the period. Finally, Dogwood Wealth Management LLC lifted its holdings in shares of Western Digital by 28.6% during the second quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock worth $57,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Stock Performance

WDC opened at $496.16 on Wednesday. Western Digital Corporation has a 52-week low of $73.14 and a 52-week high of $799.87. The firm has a market cap of $171.02 billion, a P/E ratio of 20.49 and a beta of 2.14. The business’s fifty day moving average is $556.08 and its 200-day moving average is $430.29.

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

Western Digital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders 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 annualized dividend and a dividend yield of 0.1%. Western Digital’s payout ratio is presently 2.48%.

Insider Activity

In other news, insider Cynthia L. Tregillis sold 808 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total transaction of $427,941.04. Following the completion of the sale, the insider owned 114,539 shares of the company’s stock, valued at approximately $60,663,290.57. This represents a 0.70% decrease in their position. The sale 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 that occurred 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 owned 3,903 shares in the company, valued at $2,062,813.56. This represents a 16.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,093 shares of company stock valued at $11,650,737 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WDC. Robert W. Baird set a $630.00 target price on shares of Western Digital in a research report on Thursday, August 6th. Summit Insights lowered shares of Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. TD Cowen boosted their price objective on shares of Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Melius Research set a $1,050.00 target price on shares of Western Digital and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company raised their target price on shares of Western Digital from $575.00 to $730.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Western Digital has a consensus rating of “Moderate Buy” and a consensus target price of $534.56.

Western Digital News Summary

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

• Positive Sentiment: Western Digital continues to benefit from improving earnings expectations, stronger storage pricing, and AI-driven cloud demand. Recent coverage characterized the company as a momentum candidate, while its latest results exceeded analyst estimates and management provided a strong fiscal 2027 outlook. Why Western Digital Is a Great Momentum Choice
• Positive Sentiment: Analysts and market commentators remain constructive on the broader memory and storage cycle, citing supply constraints, rising demand from artificial intelligence infrastructure, and potential for continued earnings growth. Jim Cramer on Memory and Storage Stocks
• Neutral Sentiment: The stock’s recent rally was supported by bullish commentary about a potential memory bottleneck and by optimism surrounding the company’s margins and forecast-beating outlook. Those gains have left WDC and its peers more sensitive to profit-taking and changes in investor sentiment. Western Digital Stock Jumps as Memory Rally Accelerates
• Negative Sentiment: Rising Treasury yields are pressuring richly valued AI and semiconductor-related shares, encouraging investors to rotate away from the extended memory trade. Western Digital is declining alongside Micron and SanDisk despite the absence of a company-specific negative announcement. Higher Rates Test the Memory Boom
• Negative Sentiment: A Wall Street Journal report concerning previously undisclosed AI spending commitments appears to have intensified concerns about AI-related valuations and corporate spending, weighing on the entire memory and storage group. WSJ Report Sends Memory Stocks Down

About Western Digital

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.