14,123 Shares in Western Digital Corporation $WDC Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new stake in Western Digital Corporation (NASDAQ:WDC) during the third quarter, HoldingsChannel.com reports. The fund acquired 14,123 shares of the data storage provider’s stock, valued at approximately $1,696,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC grew 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 worth $25,000 after purchasing an additional 117 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of 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 acquiring an additional 205 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 204 shares during the last quarter. Finally, Grove Bank & Trust acquired a new stake in shares of Western Digital during the 3rd quarter worth about $30,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Stock Down 4.0%

Shares of NASDAQ:WDC opened at $284.67 on Friday. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $309.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The stock has a market cap of $96.51 billion, a P/E ratio of 28.55, a P/E/G ratio of 0.68 and a beta of 1.80. The firm has a fifty day moving average price of $225.70 and a 200 day moving average price of $156.96.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the company earned $1.77 earnings per share. The business’s revenue was up 25.2% compared to the same quarter last year. Sell-side analysts predict that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be paid a $0.125 dividend. 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 dividend payout ratio (DPR) is 5.02%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Monetizing SanDisk stake and swapping shares for debt should accelerate deleveraging and improve financial flexibility — a clear balance-sheet positive that investors have cheered. Western Digital to sell $3.17 billion stake in Sandisk
• Positive Sentiment: Management says 2026 hard-drive production is sold out amid surging demand from AI data centers — supports revenue visibility and pricing power for enterprise / hyperscale HDDs. Western Digital Sold Out All 2026 Hard Drive Production as AI Centers Scramble
• Positive Sentiment: Zacks added WDC to its Rank #1 (Strong Buy) growth list, a signal that some quant/retail models see further upside. Best Growth Stocks to Buy for February 19th
• Positive Sentiment: Conversion of Series A preferred shares simplifies capital structure (reduces complexity for investors and may lower future financing friction). Western Digital Converts Preferred Shares, Simplifying Capital Structure
• Neutral Sentiment: Retail product promotions (e.g., deeply discounted 16TB Elements external drive) boost consumer-channel sales but are unlikely to move the stock materially relative to enterprise AI demand. WD’s 16TB Elements External Hard Drive Delivers Maximum Storage at Minimum Cost
• Neutral Sentiment: Coverage pieces and valuation checks highlight the recent multi-period rally; useful context but not a direct catalyst. Western Digital (WDC) Valuation Check
• Neutral Sentiment: Reports indicate the Sandisk stake sale is being executed via a secondary offering and some shares will be exchanged for debt — preserves Sandisk operations (SanDisk not raising proceeds) while giving WDC liquidity. Discount and structure details may matter to timing. Sandisk (SNDK) Stock: Western Digital Dumps $3.17 Billion Position at a Discount
• Negative Sentiment: Significant insider selling (many executives have sold shares recently) and some large institutional position reductions create potential perception risk and could weigh on sentiment. Western Digital climbs as Sandisk stake sale boosts debt-reduction outlook
• Negative Sentiment: The Sandisk secondary was priced at a discount and WDC will retain only part of its stake — while the move reduces debt, the discounted sale and large offering can create short-term selling pressure. Western Digital to sell ~$3.2B of SanDisk stock in secondary deal
• Negative Sentiment: Median analyst price target coverage shows dispersion and a median below some recent levels — implies upside is not unanimous and could limit near-term gains. Analyst ratings and price targets

Insiders Place Their Bets

In related news, Director Roxanne Oulman sold 1,800 shares of Western Digital stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total value of $277,956.00. Following the transaction, the director directly owned 3,863 shares in the company, valued at $596,524.46. This trade represents a 31.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimberly Alexy sold 1,768 shares of Western Digital stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total transaction of $272,272.00. Following the completion of the sale, the director directly owned 3,585 shares in the company, valued at approximately $552,090. The trade was a 33.03% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 70,522 shares of company stock valued at $17,661,708. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WDC. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price target on shares of Western Digital in a report on Monday, February 9th. Bank of America boosted their price objective on shares of Western Digital from $197.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Evercore reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Western Digital in a research report on Friday, January 16th. Argus set a $300.00 price target on shares of Western Digital in a research note on Tuesday, February 3rd. Finally, Truist Financial set a $310.00 price target on shares of Western Digital in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.58.

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.