Alteri Wealth LLC Has $991,000 Position in Western Digital Corporation $WDC

Alteri Wealth LLC lowered its position in Western Digital Corporation (NASDAQ:WDC) by 37.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,755 shares of the data storage provider’s stock after selling 3,472 shares during the quarter. Alteri Wealth LLC’s holdings in Western Digital were worth $991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in WDC. Quadcap Wealth Management LLC increased its position in Western Digital by 2.1% during the 4th quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock valued at $346,000 after purchasing an additional 41 shares during the period. Moss Adams Wealth Advisors LLC increased its position in Western Digital by 2.6% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock valued at $341,000 after purchasing an additional 51 shares during the period. Bogart Wealth LLC increased its position in Western Digital by 19.4% during the 4th quarter. Bogart Wealth LLC now owns 369 shares of the data storage provider’s stock valued at $64,000 after purchasing an additional 60 shares during the period. CYBER HORNET ETFs LLC increased its position in Western Digital by 7.2% during the 4th quarter. CYBER HORNET ETFs LLC now owns 889 shares of the data storage provider’s stock valued at $153,000 after purchasing an additional 60 shares during the period. Finally, Moors & Cabot Inc. increased its position in Western Digital by 3.6% during the 4th quarter. Moors & Cabot Inc. now owns 2,113 shares of the data storage provider’s stock valued at $364,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In related news, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the transaction, the director directly owned 3,903 shares in the company, valued at $2,062,813.56. This trade represents a 16.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the completion of the transaction, the chief executive officer owned 598,150 shares in the company, valued at approximately $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,322 shares of company stock valued at $12,768,550 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

More Western Digital News

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

• Positive Sentiment: Citi reportedly remains bullish on Western Digital, helping reinforce the view that analysts still see upside despite the recent pullback. Citi Remains Bullish on Western Digital Corporation (WDC) – Here’s Why
• Positive Sentiment: Recent commentary highlights strong AI-driven demand for memory and storage, with Mizuho raising targets on Western Digital and other memory names on expectations of a supply crunch through 2027. Memory Stocks Sandisk (SNDK), Seagate (STX), and Western Digital (WDC) Surge on AI-Driven Demand Forecast
• Positive Sentiment: Western Digital has also benefited from analyst optimism and recent price-target increases, including Wells Fargo and Citi, which suggests Wall Street remains constructive on fundamentals. Wells Fargo Raises Western Digital (WDC) Price Target by $75
• Neutral Sentiment: Western Digital has been trending heavily in investor searches, reflecting elevated attention and volatility rather than a clear new catalyst. Western Digital Corporation (WDC) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Memory and storage stocks, including Western Digital, are falling in tandem with Micron as macro uncertainty and a weaker risk backdrop hit the sector. Micron Sinks 6%, Western Digital Falls 5% but SanDisk Holds Steady
• Negative Sentiment: Quiver data also notes substantial insider selling over the past six months, which can weigh on sentiment even though it does not necessarily change near-term fundamentals. Western Digital Stock (WDC) Opinions on Strong Performance and Note Exchanges

Western Digital Stock Performance

Western Digital stock opened at $517.72 on Wednesday. The stock has a market capitalization of $178.45 billion, a price-to-earnings ratio of 30.91 and a beta of 2.13. Western Digital Corporation has a 52-week low of $54.60 and a 52-week high of $602.54. The stock’s 50 day moving average price is $431.98 and its two-hundred day moving average price is $300.90.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities research analysts forecast that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio (DPR) is 3.58%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WDC. Jefferies Financial Group set a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. TD Cowen increased their target price on shares of Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and set a $400.00 target price on shares of Western Digital in a research report on Friday, May 1st. Wall Street Zen raised shares of Western Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Western Digital from $320.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $433.29.

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.