Everhart Financial Group Inc. Acquires 2,167 Shares of Western Digital Corporation $WDC

Everhart Financial Group Inc. increased its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 30.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,291 shares of the data storage provider’s stock after buying an additional 2,167 shares during the period. Everhart Financial Group Inc.’s holdings in Western Digital were worth $1,116,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Pure Financial Advisors LLC grew its stake in Western Digital by 3.1% in the 3rd quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock valued at $430,000 after buying an additional 107 shares in the last quarter. Bogart Wealth LLC boosted its stake in Western Digital by 57.7% in the 3rd quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock worth $37,000 after purchasing an additional 113 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of Western Digital by 3.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock valued at $465,000 after buying an additional 114 shares during the period. ORG Partners LLC lifted its holdings in shares of Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Western Digital by 4.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,993 shares of the data storage provider’s stock valued at $359,000 after acquiring an additional 120 shares during the period. Institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WDC. Cantor Fitzgerald lifted their price objective on Western Digital to $325.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley upped their price objective on shares of Western Digital to $306.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Western Digital from $94.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Loop Capital raised their price objective on shares of Western Digital to $250.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Evercore ISI restated an “outperform” rating and set a $230.00 price target on shares of Western Digital in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Western Digital has an average rating of “Moderate Buy” and an average price target of $244.95.

Western Digital News Summary

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

• Positive Sentiment: Q2 results beat and upbeat guidance — WDC reported $2.13 EPS vs. ~$1.93 consensus and revenue of $3.02B (+25% Y/Y); management guided Q3 well above Street estimates, citing strong demand from AI/data center customers. Western Digital Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts turn more bullish — several firms upped ratings/targets (Wells Fargo $335, Wedbush $325, TD Cowen to $325, Morgan Stanley, Citi maintain/raise Buy calls), reflecting expectations for sustained AI-led capacity demand and margin upside. Analyst Coverage & Price Target Changes
• Positive Sentiment: Management and CEO comments highlight AI-driven storage growth — CEO Irving Tan emphasized that AI inference is generating more data and requiring more storage, supporting ongoing demand for high‑capacity HDDs and flash. Western Digital CEO: AI inference is generating more data and requiring storage hence demand growth
• Positive Sentiment: Company to outline AI storage roadmap at Feb. 3 Innovation Day — investors have an upcoming event to get product/roadmap detail, which could provide further visibility on TAM and upside. Dear Western Digital Stock Fans, Mark Your Calendars for February 3
• Neutral Sentiment: Small quarterly dividend declared — WDC announced a $0.125 per‑share dividend (ex‑dividend Mar 5), a token yield that is unlikely to materially move the stock but may be noted by income investors.
• Negative Sentiment: Shares gave back gains after the initial rally — despite the beat and strong guide, intraday profit‑taking and repositioning pushed the stock down on elevated volume, suggesting some investors are booking gains after a rapid run. Western Digital Shares Give Up Gains After Earnings Beat, Strong Guidance
• Negative Sentiment: Technical/positioning risks — some analysts and market pieces noted WDC was overbought ahead of results; after a big run to an all‑time high, elevated expectations increase the risk of short‑term pullbacks. Overbought Ahead of Earnings

Insider Transactions at Western Digital

In other news, insider Cynthia L. Tregillis sold 2,801 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $160.57, for a total transaction of $449,756.57. Following the sale, the insider owned 144,596 shares in the company, valued at approximately $23,217,779.72. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Roxanne Oulman sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total transaction of $277,956.00. Following the transaction, the director directly owned 3,863 shares of the company’s stock, valued at $596,524.46. This represents a 31.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,816 shares of company stock worth $4,116,148. Corporate insiders own 0.18% of the company’s stock.

Western Digital Price Performance

Shares of Western Digital stock opened at $250.23 on Friday. The company has a market cap of $85.55 billion, a PE ratio of 25.10, a P/E/G ratio of 1.33 and a beta of 1.78. The business has a 50 day moving average of $193.60 and a 200 day moving average of $137.10. Western Digital Corporation has a 52 week low of $28.83 and a 52 week high of $285.42. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.42.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 44.67%. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.77 EPS. As a group, equities research analysts forecast that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be issued a $0.125 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. Western Digital’s dividend payout ratio is 5.02%.

About Western Digital

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.