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

IPG Investment Advisors LLC decreased its holdings in Western Digital Corporation (NASDAQ:WDC) by 24.1% in the 2nd quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WDC. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Western Digital in the second quarter valued at $28,000. Dunhill Financial LLC acquired a new position in Western Digital during the 2nd quarter worth about $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Western Digital during the 2nd quarter worth about $31,000. Gables Capital Management Inc. bought a new stake in Western Digital during the 2nd quarter worth about $32,000. Finally, Ares Financial Consulting LLC increased its position in Western Digital by 45.5% in the 2nd 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 in the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Trading Up 1.0%

Shares of NASDAQ WDC opened at $482.28 on Thursday. Western Digital Corporation has a 1 year low of $93.92 and a 1 year high of $799.87. The firm’s 50-day moving average is $496.79 and its 200-day moving average is $450.83. The firm has a market capitalization of $166.23 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.02 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, topping 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 business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the firm posted $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. As a group, equities research analysts anticipate that Western Digital Corporation will post 19.65 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be paid a $0.15 dividend. The ex-dividend date of this dividend 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 is 2.48%.

Wall Street Analysts Forecast Growth

WDC has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Western Digital from $610.00 to $732.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Wells Fargo & Company raised their price target on shares of Western Digital from $575.00 to $730.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Morgan Stanley restated an “overweight” rating and issued a $676.00 price objective on shares of Western Digital in a research report on Thursday, August 6th. Robert W. Baird set a $630.00 price objective on Western Digital in a report on Thursday, August 6th. Finally, TD Cowen increased their price objective on Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and a consensus target price of $534.56.

Key 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

Insider Transactions at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the completion of the sale, the chief executive officer directly owned 575,966 shares of the company’s stock, valued at $256,287,591.02. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara 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 completion of the sale, the insider directly owned 80,571 shares of the company’s stock, valued at approximately $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,437 shares of company stock worth $11,461,345 in the last three months. Insiders own 0.18% of the company’s stock.

About Western Digital

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.