3,185 Shares in Western Digital Corporation $WDC Acquired by Independent Advisor Alliance

Independent Advisor Alliance acquired a new stake in Western Digital Corporation (NASDAQ:WDC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,185 shares of the data storage provider’s stock, valued at approximately $382,000.

Several other hedge funds have also made changes to their positions in WDC. ORG Partners LLC increased its stake in shares of Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after buying an additional 117 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 204 shares during the period. Grove Bank & Trust bought a new position in Western Digital during the 3rd quarter worth about $30,000. Westfuller Advisors LLC purchased a new position in Western Digital during the 3rd quarter valued at about $30,000. Finally, JNBA Financial Advisors bought a new stake in shares of Western Digital in the 3rd quarter valued at about $34,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital News Roundup

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

• Positive Sentiment: Board approved an additional $4 billion share repurchase program, which supports share price by reducing float and signals management confidence. Read More.
• Positive Sentiment: Company held Innovation Day and unveiled an AI-focused HDD/roadmap (path to 100TB+ drives and High Bandwidth Drive tech) that reinforces WDC’s role in AI data infrastructure and bolsters the long-term demand thesis. Read More.
• Positive Sentiment: Recent results and guidance showed revenue and margin strength, supporting the “memory supercycle” thesis (durable demand for high‑capacity drives), which underpins bullish analyst revisions. Read More.
• Positive Sentiment: Several firms raised price targets and reiterated buys (examples: Mizuho, Rosenblatt), lifting sentiment and feeding momentum into the stock ahead of today’s pullback. Read More.
• Neutral Sentiment: SanDisk (spun off from WDC) is rallying sharply and remains very volatile; the sector rotation into memory benefits WDC but also concentrates exposure to cyclical swings. Read More.
• Neutral Sentiment: Macro/policy moves (U.S. push to secure critical minerals) could support domestic supply chains longer term but are not an immediate stock catalyst. Read More.
• Negative Sentiment: CEO Irving Tan sold 20,000 shares (~$5.1M), a disclosed insider sale that may have prompted short-term profit‑taking or signaled a window for selling after the recent run. Read More.

Analyst Ratings Changes

Several equities analysts recently issued reports on WDC shares. Wells Fargo & Company lifted their price objective on shares of Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, January 30th. The Goldman Sachs Group set a $250.00 price target on Western Digital in a report on Tuesday. Citigroup boosted their price target on Western Digital to $325.00 and gave the stock a “buy” rating in a research report on Monday. Argus set a $300.00 price objective on Western Digital in a research report on Tuesday. Finally, Loop Capital boosted their target price on shares of Western Digital to $250.00 and gave the stock a “buy” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $262.25.

Insider Activity at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the completion of the sale, the chief executive officer owned 623,586 shares of the company’s stock, valued at approximately $159,288,807.84. The trade was a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cynthia L. Tregillis sold 447 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $229.00, for a total value of $102,363.00. Following the sale, the insider owned 143,318 shares in the company, valued at approximately $32,819,822. The trade was a 0.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,816 shares of company stock valued at $6,211,148 over the last three months. 0.18% of the stock is owned by corporate insiders.

Western Digital Trading Down 3.4%

Western Digital stock opened at $260.19 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The stock has a market cap of $88.21 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 0.70 and a beta of 1.80. The stock has a 50-day moving average of $202.97 and a two-hundred day moving average of $142.32. Western Digital Corporation has a one year low of $28.83 and a one year high of $296.50.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.20. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 earnings per share. On average, research analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital’s payout ratio is presently 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.