Family Investment Center Inc. Buys Shares of 2,787 Western Digital Corporation $WDC

Family Investment Center Inc. purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the third quarter, HoldingsChannel reports. The fund purchased 2,787 shares of the data storage provider’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Wealth Management Group LLC boosted its holdings in Western Digital by 102.5% during the second quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock worth $26,000 after purchasing an additional 202 shares during the last quarter. Rakuten Securities Inc. increased its stake in Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after buying an additional 407 shares during the last quarter. NewSquare Capital LLC lifted its position in Western Digital by 86.9% during the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after buying an additional 205 shares in the last quarter. Grove Bank & Trust bought a new stake in Western Digital during the 3rd quarter worth about $30,000. Finally, CNB Bank acquired a new position in shares of Western Digital during the 2nd quarter worth about $37,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Stock Up 9.0%

WDC opened at $187.70 on Monday. The stock’s fifty day simple moving average is $163.69 and its 200 day simple moving average is $114.60. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $188.77. The stock has a market cap of $64.17 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.78. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Monday, April 7th. The data storage provider reported $1.78 EPS for the quarter. The firm had revenue of $4.10 billion for the quarter. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. As a group, research analysts expect that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.3%. This is a boost from Western Digital’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 4th. Western Digital’s dividend payout ratio (DPR) is 7.28%.

Key Western Digital News

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

• Positive Sentiment: Cantor Fitzgerald published a bullish note urging a long position in WDC, citing AI infrastructure spending as a structural tailwind for HDD demand and positioning Western Digital as a direct beneficiary of data-center buildouts. Cantor Fitzgerald Urges Long Position on Western Digital (WDC) Amid AI Infrastructure Wave
• Positive Sentiment: Market and technical momentum: commentators note WDC is testing record highs alongside a rally in AI and storage chips, reinforcing investor interest as the stock approaches its 52-week top. WDC Testing Record Highs as AI & Storage Chips Rally
• Positive Sentiment: MarketBeat roundup: WDC was one of 2025’s top performers (≈+290% YTD) after the SanDisk spinoff, with strong FY2026 earnings and revenue. That performance underpins current investor confidence in HDD exposure to large-scale AI data storage. The 3 Stocks That Crushed the S&P 500 in 2025
• Positive Sentiment: Evidence of institutional accumulation: reports suggest large tech firms have been quietly buying WDC shares post-spinoff, supporting higher multiples and reducing near-term downside risk. Why Big Tech Is Quietly Buying Western Digital Stock
• Neutral Sentiment: Outlook pieces weigh 2026 demand: analysts and coverage note strong 2025 gains but discuss where growth in HDD and NAND will normalize vs. continued AI-driven demand — useful context but not an immediate directional catalyst. Western Digital stock and rival Seagate soared in 2025. What’s the 2026 outlook?
• Neutral Sentiment: Competition and rotation: analysts recommend watching adjacent data-center plays (e.g., Pure Storage) as capital can rotate within the storage stack in 2026 — potential reallocation risk but also diversification of the AI hardware trade. After Record Runs for Western Digital and Sandisk in 2025, Consider This 1 Data Center Storage Stock for 2026
• Negative Sentiment: Rising expectations/volatility risk from SanDisk’s run: SanDisk’s explosive post-spinoff gains have raised sector expectations; elevated sentiment increases the chance of sharp pullbacks if demand or pricing softens. That higher benchmark for flash could feed short-term volatility across storage names. The Trade Desk vs. SanDisk: Buying the Wreckage or the Winner?
• Negative Sentiment: Market risk: broader tech pullbacks have shown up even as the sector rallies — an AP note recorded a modest intraday decline for WDC on year-end positioning, highlighting sensitivity to macro and sentiment swings. Shares are higher in Asia in an upbeat start to the new year

Insider Activity at Western Digital

In other news, Director Roxanne Oulman sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $154.42, for a total transaction of $277,956.00. Following the completion of the sale, the director owned 3,863 shares in the company, valued at $596,524.46. The trade was a 31.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kimberly Alexy sold 1,768 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total value of $272,272.00. Following the completion of the transaction, the director directly owned 3,585 shares in the company, valued at $552,090. The trade was a 33.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 26,369 shares of company stock valued at $4,013,785. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen lifted their target price on Western Digital from $90.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wedbush boosted their price target on Western Digital from $90.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. UBS Group increased their price objective on Western Digital from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Western Digital from $94.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Rosenblatt Securities upped their price target on shares of Western Digital from $125.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.65.

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.