3,913 Shares in Western Digital Corporation $WDC Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,913 shares of the data storage provider’s stock, valued at approximately $2,499,000.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WDC. Cantor Fitzgerald lifted their target price on shares of Western Digital from $660.00 to $900.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. increased their price target on shares of Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Summit Insights lowered shares of Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. Fox Advisors downgraded shares of Western Digital from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $676.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and a consensus target price of $534.56.

More Western Digital News

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

• Positive Sentiment: Sector rally supports WDC. SanDisk’s bullish long-term growth targets, including expectations for sustained flash-memory demand, boosted sentiment toward storage companies. Western Digital benefited from the read-through, particularly as investors anticipate continued AI infrastructure spending on HDD and NAND storage. SanDisk outlook article
• Positive Sentiment: Analyst and quantitative signals improved. Zacks upgraded Western Digital to Rank #1, or “Strong Buy,” citing improving earnings prospects. WDC was also included among Zacks’ top momentum stocks, while JPMorgan reportedly raised its price target to $650. Zacks upgrade article
• Positive Sentiment: Recent results provide fundamental support. Western Digital’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue rising 43.8% year over year. Stronger pricing, high-capacity drive demand and AI-driven storage requirements are supporting expectations for continued growth. WDC sector rally article
• Neutral Sentiment: Institutional positioning is mixed: JPMorgan and Capital World Investors added shares, while several large investors reduced holdings. The conflicting activity does not establish a clear institutional trend.
• Negative Sentiment: Elevated expectations remain a risk. Despite the earnings beat, WDC shares previously fell sharply because management’s guidance did not exceed demanding investor expectations. Concerns remain about moderating sequential growth, NAND pricing volatility and whether the AI-driven storage cycle has peaked. WDC earnings reaction article
• Negative Sentiment: Insider selling may weigh on sentiment. CEO Irving Tan sold 20,000 shares for approximately $8.9 million under a pre-arranged Rule 10b5-1 plan. Broader data shows substantial insider selling and no reported insider purchases during the past six months. CEO insider sale article

Western Digital Price Performance

Shares of Western Digital stock opened at $508.80 on Monday. Western Digital Corporation has a 12-month low of $73.14 and a 12-month high of $799.87. The stock has a 50 day moving average price of $556.33 and a two-hundred day moving average price of $426.77. The stock has a market capitalization of $175.37 billion, a P/E ratio of 21.02 and a beta of 2.14.

Western Digital (NASDAQ:WDC) last released 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 net margin of 72.95% and a return on equity of 48.15%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The company’s quarterly revenue 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. Sell-side analysts anticipate that Western Digital Corporation will post 19.65 earnings per share for the current year.

Western Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s dividend payout ratio (DPR) is 2.48%.

Insider Activity

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the completion of the transaction, the chief executive officer owned 575,966 shares of the company’s stock, valued at $256,287,591.02. The trade was a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the sale, the insider owned 85,154 shares of the company’s stock, valued at $47,366,060.96. This trade represents a 2.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 25,093 shares of company stock worth $11,650,737. 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.