Waldron Private Wealth LLC Acquires Shares of 4,467 Western Digital Corporation $WDC

Waldron Private Wealth LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, Holdings Channel.com reports. The fund acquired 4,467 shares of the data storage provider’s stock, valued at approximately $770,000.

A number of other institutional investors have also made changes to their positions in the company. 44 Wealth Management LLC grew its holdings in Western Digital by 0.8% during the 3rd quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock valued at $1,120,000 after purchasing an additional 78 shares in the last quarter. Addison Advisors LLC increased its stake in Western Digital by 7.1% during the 3rd quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after buying an additional 85 shares during the period. JFS Wealth Advisors LLC lifted its holdings in Western Digital by 41.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 293 shares of the data storage provider’s stock worth $50,000 after buying an additional 86 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in Western Digital by 47.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 300 shares of the data storage provider’s stock worth $52,000 after buying an additional 97 shares in the last quarter. Finally, Pure Financial Advisors LLC boosted its position 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 during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider owned 121,682 shares of the company’s stock, valued at $32,643,630.14. The trade was a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the sale, the insider owned 99,276 shares of the company’s stock, valued at approximately $25,347,148.32. The trade was a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,795 shares of company stock valued at $24,265,884 over the last 90 days. Insiders own 0.18% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Cloud growth and margin upside highlighted as a key thesis for WDC’s next leg of revenue and margin expansion. Western Digital: Cloud Key Driver To Growth And Margins
• Positive Sentiment: Technical market action: a recent trading signal coincided with a rebound in WDC shares, supporting near-term momentum. Western Digital Shares Rebound, Climb 3% After Key Trading Signal
• Positive Sentiment: Analyst comparisons favor WDC over peers like NetApp on AI-driven storage demand and cash returns, reinforcing buy-case narratives. Western Digital vs. NetApp: Which Data Storage Stock is the Better Buy?
• Positive Sentiment: WD is part of an open-source quantum error correction collaboration (OQD + QuScript), signaling R&D breadth that may support longer-term enterprise opportunities. OQD Launches Open-Source Collaboration with WD and QuScript to Advance Quantum Error Correction
• Neutral Sentiment: Retail promotions and deep discounts on WD-branded SSDs/HDDs (Amazon/Best Buy sales) could boost volume but also reflect aggressive consumer pricing. Upgrade your NAS storage with this WD 2TB SSD – now $240 off during Amazon’s Spring Sale
• Negative Sentiment: Google’s new TurboQuant algorithm has raised investor concerns that AI models could require materially less memory, potentially reducing hardware demand long-term. Google Just Unveiled TurboQuant: Should You Sell Sandisk Stock Now?
• Negative Sentiment: Sector reaction and a Micron selloff reflect investor skepticism about how sustainable AI-driven memory demand will be if efficiency improvements proliferate. Micron Drop Raises A Bigger AI Question
• Negative Sentiment: Broader market and interest-rate concerns are pressuring computer and memory stocks generally, tempering upside for WDC despite company-level positives. SNDK, WDC and STX Forecasts – Computer Companies Fall with Everything Else

Western Digital Stock Performance

Shares of WDC stock opened at $275.34 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. Western Digital Corporation has a one year low of $28.83 and a one year high of $319.62. The company’s 50-day simple moving average is $272.75 and its 200-day simple moving average is $194.47. The stock has a market capitalization of $93.35 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 0.63 and a beta of 1.75.

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

Western Digital Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on WDC shares. Evercore restated an “outperform” rating and set a $230.00 target price on shares of Western Digital in a research note on Friday, January 16th. Rosenblatt Securities reissued a “buy” rating and issued a $340.00 price target on shares of Western Digital in a report on Wednesday, February 4th. Cantor Fitzgerald raised their price objective on Western Digital to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. New Street Research set a $250.00 price objective on Western Digital in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group set a $250.00 target price on Western Digital in a research report on Tuesday, February 3rd. One research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $265.58.

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.