Everhart Financial Group Inc. Acquires 3,277 Shares of Western Digital Corporation $WDC

Everhart Financial Group Inc. increased its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 35.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,568 shares of the data storage provider’s stock after purchasing an additional 3,277 shares during the period. Everhart Financial Group Inc.’s holdings in Western Digital were worth $2,165,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Western Digital by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock valued at $1,698,000 after purchasing an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after purchasing an additional 967 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Western Digital during the 2nd quarter valued at approximately $307,000. Creative Planning boosted its stake in Western Digital by 36.4% during the 2nd quarter. Creative Planning now owns 62,279 shares of the data storage provider’s stock valued at $3,985,000 after purchasing an additional 16,609 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Western Digital by 48.9% in the 2nd quarter. Cetera Investment Advisers now owns 45,112 shares of the data storage provider’s stock valued at $2,887,000 after buying an additional 14,809 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Hyperscaler partnerships are strengthening revenue visibility for fiscal 2026 and support Western Digital’s high-capacity storage roadmap for AI/data-center customers — a demand-side fundamental that underpins longer-term sales growth. Western Digital’s Hyperscaler Momentum Boosts Revenue Visibility
• Positive Sentiment: Technical momentum remains constructive — analysts and chart watchers cite a recent golden-cross (50-day SMA crossing above 200-day SMA), which can attract trend-following capital and support the stock on pullbacks. These 2 Data Storage Stocks Just Flashed Golden Crosses
• Neutral Sentiment: Valuation and momentum are now front-and-center — recent outsized gains have left investors parsing whether current prices already reflect near-term demand upside; some coverage frames current moves as momentum-driven rather than news-driven. Western Digital (WDC) Valuation Check After Strong Recent Share Price Momentum
• Negative Sentiment: Profit-taking and a “reset” in expectations after the AI-driven run-up appear to be the immediate catalysts; a recent conference presentation was treated by some traders as a sell-the-news event rather than a fresh demand surprise. Additionally, management’s move to monetize remaining SanDisk stake (cash-raising to reduce debt) may be viewed as balance-sheet cleanup rather than an earnings accelerator. Heavy insider selling (many recent open-market sales, few/zero purchases) adds to negative perception. Western Digital (WDC) slides as investors extend a pullback after a sharp AI-driven run-up

Insider Transactions at Western Digital

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the 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 transaction, the chief executive officer directly owned 623,586 shares of the company’s stock, valued at $159,288,807.84. This trade represents a 3.11% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 92,795 shares of company stock valued at $24,265,884. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Western Digital from $260.00 to $306.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Bank of America increased their price target on shares of Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Citigroup raised their price target on shares of Western Digital to $325.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Argus set a $300.00 price objective on shares of Western Digital in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group set a $250.00 price objective on shares of Western Digital in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.58.

Western Digital Stock Performance

WDC stock opened at $293.10 on Friday. The company has a 50 day moving average price of $265.63 and a 200 day moving average price of $186.16. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $319.62. 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 capitalization of $99.37 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (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 company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the company posted $1.77 EPS. The company’s revenue was up 25.2% compared to the same quarter last year. Analysts forecast that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s dividend payout ratio (DPR) 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.