Western Digital Corporation $WDC Stock Sold by Capstone Capital Management Ltd

Capstone Capital Management Ltd decreased its position in Western Digital Corporation (NASDAQ:WDC) by 26.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,434 shares of the data storage provider’s stock after selling 1,635 shares during the quarter. Western Digital comprises approximately 0.8% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 20th biggest position. Capstone Capital Management Ltd’s holdings in Western Digital were worth $2,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WDC. Dogwood Wealth Management LLC boosted its stake in shares of Western Digital by 28.6% in the second quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock valued at $57,000 after buying an additional 20 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings in shares of Western Digital by 1.0% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,302 shares of the data storage provider’s stock valued at $1,470,000 after purchasing an additional 22 shares in the last quarter. Everpar Advisors LLC increased its stake in shares of Western Digital by 1.8% in the 2nd quarter. Everpar Advisors LLC now owns 1,442 shares of the data storage provider’s stock valued at $921,000 after purchasing an additional 25 shares during the last quarter. Ares Financial Consulting LLC boosted its stake in Western Digital by 45.5% in the second quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock valued at $51,000 after buying an additional 25 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in Western Digital by 2.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,390 shares of the data storage provider’s stock worth $888,000 after acquiring an additional 28 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WDC shares. Mizuho set a $590.00 price objective on shares of Western Digital in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Western Digital from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Morgan Stanley cut their price target on shares of Western Digital from $676.00 to $643.00 and set an “overweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group reduced their target price on Western Digital from $650.00 to $615.00 in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of Western Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $607.04.

Western Digital Stock Performance

WDC stock opened at $364.32 on Wednesday. The company has a market capitalization of $136.37 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. Western Digital Corporation has a 52-week low of $117.23 and a 52-week high of $799.87. The business has a 50-day simple moving average of $439.65 and a two-hundred day simple moving average of $479.46.

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

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, September 8th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, September 8th. Western Digital’s dividend payout ratio is presently 2.48%.

Insider Buying and Selling

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value of $8,899,400.00. Following the sale, the chief executive officer directly owned 575,966 shares in the company, valued at $256,287,591.02. This represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 1,007 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $478.36, for a total value of $481,708.52. Following the completion of the sale, the insider owned 112,155 shares in the company, valued at $53,650,465.80. This trade represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 24,629 shares of company stock valued at $11,033,404. Company insiders own 0.20% of the company’s stock.

Western Digital News Roundup

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

• Positive Sentiment: Morgan Stanley said it expects Western Digital to deliver strong quarterly results and better-than-expected guidance, despite recent worries about AI financing and competition. The firm’s analyst called Western Digital and Seagate Technology “aggressive buys,” supporting the broader rebound in storage stocks. Seagate, Western Digital stocks gain as this analyst sees 80% upside
• Positive Sentiment: Western Digital is viewed as an AI infrastructure beneficiary because data centers require substantial hard-drive capacity. Investor attention is rising ahead of earnings, which could validate whether AI-driven storage demand is translating into stronger results and guidance. META Earnings & 2 Other AI-Related Reports to Watch This Week
• Neutral Sentiment: Morgan Stanley raised its Seagate price target but lowered its Western Digital target to $643 from $676. The revised target still implies substantial potential upside, but the reduction suggests analysts see some uncertainty in the near-term outlook. Seagate and Western Digital Stocks Sank Last Week
• Negative Sentiment: Jim Cramer warned that Western Digital and SanDisk could be among the most vulnerable stocks if data-center capacity expansion slows. Because recent profits and valuation enthusiasm are closely tied to AI infrastructure spending, any pullback could pressure earnings expectations and the share price. Cramer warns SanDisk and Western Digital are worst stocks if data center capacity shrinks

Western Digital Company Profile

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.