3Chopt Investment Partners LLC Invests $289,000 in Western Digital Corporation $WDC

3Chopt Investment Partners LLC purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,068 shares of the data storage provider’s stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its position in Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 407 shares in the last quarter. Avion Wealth boosted its stake in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Swiss RE Ltd. bought a new stake in Western Digital during the 4th quarter worth approximately $32,000. BOKF NA increased its holdings in Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 268 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in shares of Western Digital in the third quarter worth approximately $33,000. Institutional investors own 92.51% of the company’s stock.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Melius Research initiated coverage of Western Digital with a Buy rating and a price target implying roughly 55% upside, which is helping drive buying interest in the stock. Seagate (STX), Western Digital (WDC) Stocks Soar as Melius Assigns Buy Rating
• Positive Sentiment: Options activity also looks bullish, with more call buying than put buying, suggesting traders expect further gains in WDC. Analysts See 55% Upside in Seagate and Western Digital Despite Chip Sector Weakness
• Positive Sentiment: Western Digital is also benefiting from broader strength in AI infrastructure and memory demand, as investors rotate toward storage names tied to long-term data center growth. 3 AI Infrastructure Stocks Up 500%+ With More Upside in 2H 2026
• Positive Sentiment: The stock is also being lifted by a sector-wide rally after strong Micron results reinforced the view that AI-related memory and storage demand remains robust. Micron Falls 5%, SanDisk Drops 7%, but Western Digital Climbs 6%: What’s Behind the Memory-Storage Split?

Western Digital Stock Performance

WDC stock opened at $651.80 on Tuesday. The stock has a fifty day moving average of $523.80 and a 200-day moving average of $349.26. Western Digital Corporation has a fifty-two week low of $62.94 and a fifty-two week high of $799.87. The company has a market capitalization of $224.66 billion, a price-to-earnings ratio of 38.91 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the business earned $1.36 earnings per share. The company’s quarterly revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts predict that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 5th. Western Digital’s dividend payout ratio (DPR) is presently 3.58%.

Analyst Upgrades and Downgrades

WDC has been the subject of a number of analyst reports. Fox Advisors lowered Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Rosenblatt Securities increased their target price on shares of Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Melius Research set a $1,050.00 price target on shares of Western Digital and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, Evercore reaffirmed an “outperform” rating and issued a $575.00 price objective on shares of Western Digital in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and a consensus price target of $484.04.

Insider Buying and Selling

In related news, insider Vidyadhara K. Gubbi sold 2,475 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the sale, the insider owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. This represents a 2.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $246,342,096. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 29,322 shares of company stock valued at $12,768,550. 0.18% of the stock is owned by company insiders.

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.