BridgePort Financial Solutions LLC Purchases Shares of 3,250 Western Digital Corporation $WDC

BridgePort Financial Solutions LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,250 shares of the data storage provider’s stock, valued at approximately $560,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 44 Wealth Management LLC increased its position in Western Digital by 0.8% in 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 buying an additional 78 shares in the last quarter. Addison Advisors LLC boosted its holdings in Western Digital by 7.1% in the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after acquiring an additional 85 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in Western Digital by 41.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 293 shares of the data storage provider’s stock valued at $50,000 after acquiring an additional 86 shares during the period. Harbor Investment Advisory LLC grew its stake in Western Digital by 47.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 300 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 97 shares during the period. Finally, Pure Financial Advisors LLC increased its holdings in shares of Western Digital by 3.1% during the third quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock valued at $430,000 after acquiring an additional 107 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Activity

In other news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total value of $5,108,800.00. Following the transaction, the chief executive officer owned 623,586 shares in the company, valued at $159,288,807.84. The trade was a 3.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cynthia L. Tregillis sold 9,324 shares of the company’s stock in a transaction that occurred 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 directly owned 121,682 shares of the company’s stock, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 92,795 shares of company stock worth $24,265,884. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WDC shares. Barclays increased their target price on Western Digital from $240.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Rosenblatt Securities restated a “buy” rating and set a $340.00 price objective on shares of Western Digital in a report on Wednesday, February 4th. The Goldman Sachs Group set a $250.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Cantor Fitzgerald lifted their price objective on shares of Western Digital to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Susquehanna reissued a “neutral” rating and set a $285.00 target price on shares of Western Digital in a research report on Friday, February 6th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and an average target price of $275.75.

Trending Headlines about Western Digital

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

• Positive Sentiment: Bernstein upgraded WDC to Outperform, prompting a sizable intraday rally as investors viewed the pullback as a buying opportunity. Western Digital (NASDAQ:WDC) Raised to “Outperform” at Sanford C. Bernstein
• Positive Sentiment: Other coverage and momentum flows pushed WDC up ~10–11% on Wednesday as traders positioned ahead of earnings, signaling short-term investor optimism. Western Digital (WDC) Jumps 10% Ahead of Earnings
• Positive Sentiment: Industry analysis highlights WDC’s strong positioning in AI/cloud nearline HDDs — reports note high UltraSMR adoption, long-term hyperscaler commitments and sell-outs into 2026–2028, supporting revenue and margin outlooks. There’s A Storage Problem With AI Inference – And Western Digital Knows It
• Positive Sentiment: Real-world demand: a government agency archive deployment using WD Ultrastar drives underscores enterprise/customer wins for high-density storage. JetStor Delivers 80PB High-Density Archive for Government Agency Using WD’s Trusted High-Capacity Ultrastar Drives
• Neutral Sentiment: New product/consumer pricing noise: a promotional sale on a 5TB WD portable drive drew headlines — relevant for consumer demand/ASP monitoring but not a major driver for enterprise HDD momentum. WD 5TB Portable External Hard Drive for Mac Drops to $0.03 per GB Even After Amazon’s Spring Sale
• Neutral Sentiment: ETF product news: Roundhill launched a Memory ETF (DRAM) — increases thematic flow options into memory/storage names, which could help bid the group but is not a direct WDC catalyst. Roundhill Investments Launches First-Ever Memory ETF (DRAM)
• Negative Sentiment: Macro headwinds: broader market weakness (inflation and rate worries) pressured futures and tech names today, contributing to WDC’s pullback. US Stock Market Today S&P 500 Futures Fall As Inflation And Rate Worries Persist
• Negative Sentiment: Analyst downgrade: Zacks cut WDC from “strong-buy” to “hold,” adding selling pressure after recent gains. Zacks Research Downgrade
• Negative Sentiment: Intraday pullback & volatility: coverage tracking WDC notes a ~3% intraday pullback as traders take profits following the recent spike. What’s Going On With Western Digital Stock Thursday?

Western Digital Trading Down 0.9%

NASDAQ WDC opened at $294.97 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $276.45 and a 200 day simple moving average of $198.17. Western Digital Corporation has a 12 month low of $28.83 and a 12 month high of $319.62. The firm has a market capitalization of $100.01 billion, a P/E ratio of 29.59, a PEG ratio of 0.69 and a beta of 1.77.

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, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.77 EPS. On average, analysts predict that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital’s dividend 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.