Western Digital Corporation $WDC Shares Purchased by Strategic Investment Advisors MI

Strategic Investment Advisors MI raised its holdings in Western Digital Corporation (NASDAQ:WDC) by 73.5% during the 1st quarter, Holdings Channel reports. The firm owned 2,690 shares of the data storage provider’s stock after purchasing an additional 1,140 shares during the quarter. Strategic Investment Advisors MI’s holdings in Western Digital were worth $727,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WDC. Valley Wealth Managers Inc. purchased a new position in shares of Western Digital during the 1st quarter worth approximately $32,000. IMG Wealth Management Inc. lifted its stake in Western Digital by 853.8% in the 1st quarter. IMG Wealth Management Inc. now owns 124 shares of the data storage provider’s stock valued at $34,000 after buying an additional 111 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Western Digital during the 1st quarter valued at $35,000. Cornerstone Planning Group LLC increased its position in Western Digital by 33.3% during the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the data storage provider’s stock worth $36,000 after buying an additional 33 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in Western Digital by 80.2% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the data storage provider’s stock worth $39,000 after buying an additional 65 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital News Roundup

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

• Positive Sentiment: Memory stocks rallied across the market, with the Roundhill Memory ETF and semiconductor indexes also advancing. Western Digital participated in the sector-wide rebound as investors returned to AI and data-center hardware names. Memory Stocks Surge. SanDisk Tops S&P 500 Gainers
• Positive Sentiment: Analyst commentary argued that a semiconductor oversupply cycle is unlikely before 2028 because the physical infrastructure needed to create excess capacity is not yet available. That view supports continued pricing power and demand for memory and storage products. Top Chip Analyst on Semiconductor Oversupply
• Positive Sentiment: Strong demand for hard drives and tighter global supply expectations are improving the outlook for Western Digital’s revenue, margins and cash generation. Positive results from Seagate also boosted confidence in Western Digital as a storage-industry peer. Why Is Western Digital Stock Surging?
• Neutral Sentiment: Western Digital’s upcoming earnings report is the next major catalyst. Investors will assess whether AI-driven demand, pricing and supply constraints are translating into higher margins and favorable guidance; Wall Street currently expects year-over-year earnings growth. Western Digital Reports Next Week
• Negative Sentiment: Concerns remain about competition from China’s ChangXin Memory Technologies following its strong market debut, while the broader memory trade has experienced sharp volatility. These factors could pressure valuations if investors begin to expect supply growth or weaker pricing.
• Negative Sentiment: Western Digital insider Cynthia Tregillis sold 808 shares worth approximately $428,000 under a pre-arranged Rule 10b5-1 plan. The sale represented only 0.70% of her holdings, making it a limited negative signal. Western Digital Insider Sale

Insider Activity

In related news, insider Cynthia L. Tregillis sold 808 shares of the firm’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 value of $427,941.04. Following the transaction, the insider owned 114,539 shares in the company, valued at approximately $60,663,290.57. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of Western Digital stock in a transaction that occurred 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 transaction, the insider directly owned 90,041 shares in the company, valued at approximately $39,905,270.79. This trade represents a 4.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,767 shares of company stock valued at $4,822,807 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Western Digital Trading Up 15.4%

Shares of WDC opened at $533.04 on Friday. Western Digital Corporation has a twelve month low of $73.14 and a twelve month high of $799.87. The firm has a market capitalization of $183.73 billion, a P/E ratio of 31.82 and a beta of 2.11. The stock’s fifty day simple moving average is $566.82 and its 200 day simple moving average is $406.62.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The firm’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. Sell-side analysts predict that Western Digital Corporation will post 9.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Susquehanna upped their price objective on Western Digital from $360.00 to $500.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Bank of America upped their target price on shares of Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. UBS Group reaffirmed a “neutral” rating and set a $560.00 price target on shares of Western Digital in a research note on Monday, July 13th. JPMorgan Chase & Co. lifted their price target on shares of Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, Morgan Stanley boosted their price objective on shares of Western Digital from $488.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $520.32.

Western Digital Company 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.