Cerity Partners LLC Increases Holdings in Western Digital Corporation $WDC

Cerity Partners LLC boosted its position in shares of Western Digital Corporation (NASDAQ:WDC) by 20.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 154,830 shares of the data storage provider’s stock after buying an additional 26,458 shares during the period. Cerity Partners LLC’s holdings in Western Digital were worth $18,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WDC. Rheos Capital Works Inc. grew its position in shares of Western Digital by 11.1% during the 3rd quarter. Rheos Capital Works Inc. now owns 200,000 shares of the data storage provider’s stock worth $24,012,000 after buying an additional 20,000 shares in the last quarter. CoreCap Advisors LLC increased its position in Western Digital by 2,205.8% during the 3rd quarter. CoreCap Advisors LLC now owns 14,388 shares of the data storage provider’s stock valued at $1,727,000 after purchasing an additional 13,764 shares during the period. Kathmere Capital Management LLC purchased a new position in Western Digital during the 3rd quarter valued at about $229,000. Gladstone Institutional Advisory LLC bought a new stake in shares of Western Digital in the 3rd quarter valued at about $420,000. Finally, Gries Financial LLC purchased a new stake in shares of Western Digital in the 3rd quarter worth approximately $280,000. 92.51% of the stock is owned by institutional investors.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $200.46 on Friday. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $221.23. The company has a market cap of $68.54 billion, a PE ratio of 29.18, a P/E/G ratio of 1.16 and a beta of 1.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. The business has a 50-day simple moving average of $169.97 and a two-hundred day simple moving average of $118.67.

Western Digital (NASDAQ:WDC) last announced 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 during the quarter. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. As a group, equities analysts expect that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, December 4th. This is an increase from Western Digital’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. Western Digital’s payout ratio is presently 7.28%.

Insider Activity at Western Digital

In related news, Director Kimberly Alexy sold 1,768 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total value of $272,272.00. Following the transaction, the director directly owned 3,585 shares of the company’s stock, valued at $552,090. This represents a 33.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cynthia L. Tregillis sold 2,801 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $160.57, for a total value of $449,756.57. Following the completion of the transaction, the insider owned 144,596 shares of the company’s stock, valued at $23,217,779.72. This trade represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,369 shares of company stock valued at $4,013,785 over the last three months. 0.18% of the stock is owned by corporate insiders.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Intraday institutional order‑flow bullish signal (Power Inflow) triggered near $187.86, drawing buying interest and helping reverse an early pullback. Western Digital Shares Rise 5% After Key Trading Signal
• Positive Sentiment: Higher‑capacity HDDs and hyperscaler demand are cited as the main drivers of revenue growth and outlook improvement, supporting the firm’s core enterprise storage business and margins. Higher Capacity HDDs Drive Western Digital’s Revenue Growth
• Positive Sentiment: Momentum: coverage notes WDC has risen more than 9% YTD and enjoyed very strong gains in 2025, which can attract momentum and growth‑oriented flows. Western Digital Corporation (WDC) Has Risen More Than 9% Since the Start of 2026
• Positive Sentiment: Analyst/earnings setup: previews point to double‑digit EPS growth expectations ahead of Western Digital’s Q2 report, which reinforces the fundamental case for the rally. Western Digital Earnings Preview: What to Expect
• Neutral Sentiment: Unusually high options volume indicates elevated short‑term interest and positioning; could amplify intraday moves but is ambiguous on direction unless one can see call/put skew. Western Digital Sees Unusually High Options Volume (NASDAQ:WDC)
• Neutral Sentiment: Consumer SSD branding updates (WD Black/Blue → SanDisk Optimus collection) are product‑level news that support retail visibility but are unlikely to materially change near‑term enterprise revenue. WD Black and WD Blue gaming SSDs have transformed into the Sandisk Optimus Collection
• Negative Sentiment: Sector froth/risk: commentary on memory and chip stocks running hot raises the risk of an overheated trade and mean‑reversion if macro or AI demand narratives slow. That poses short‑term downside if momentum reverses. Memory Chip Stocks are Red-Hot. Is it Too Late to Buy?

Analysts Set New Price Targets

Several brokerages recently issued reports on WDC. Citigroup lifted their price objective on shares of Western Digital from $180.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. China Renaissance initiated coverage on Western Digital in a report on Friday, December 5th. They issued a “buy” rating and a $193.00 price target on the stock. Cowen reissued a “buy” rating on shares of Western Digital in a research report on Friday, October 31st. Susquehanna reaffirmed a “neutral” rating and set a $135.00 price objective on shares of Western Digital in a research report on Thursday, November 6th. Finally, Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $177.50.

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.