Catalina Capital Group LLC Makes New Investment in Western Digital Corporation $WDC

Catalina Capital Group LLC bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 892 shares of the data storage provider’s stock, valued at approximately $241,000.

A number of other large investors have also bought and sold shares of WDC. Avion Wealth increased its position in Western Digital by 163.8% in the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Roble Belko & Company Inc bought a new position in Western Digital in the first quarter worth approximately $50,000. Swiss RE Ltd. acquired a new stake in Western Digital in the fourth quarter valued at approximately $32,000. Concord Wealth Partners bought a new stake in shares of Western Digital during the fourth quarter valued at approximately $41,000. Finally, CENTRAL TRUST Co raised its position in shares of Western Digital by 109.4% during the first quarter. CENTRAL TRUST Co now owns 268 shares of the data storage provider’s stock worth $72,000 after purchasing an additional 140 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Western Digital

In related news, Director Bruce E. Kiddoo sold 750 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total transaction of $396,390.00. Following the sale, the director directly owned 3,903 shares in the company, valued at approximately $2,062,813.56. This represents a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Cynthia L. Tregillis sold 432 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the completion of the transaction, the insider directly owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This trade represents a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 29,322 shares of company stock worth $12,768,550. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on WDC. Morgan Stanley raised their price objective on shares of Western Digital from $488.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Melius Research set a $1,050.00 target price on shares of Western Digital and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $400.00 price target on shares of Western Digital in a research report on Friday, May 1st. Weiss Ratings downgraded Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Evercore reissued an “outperform” rating and issued a $575.00 price objective on shares of Western Digital in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and a consensus price target of $484.04.

Western Digital Stock Performance

Shares of WDC stock opened at $651.80 on Tuesday. The firm has a market cap of $224.66 billion, a price-to-earnings ratio of 38.91 and a beta of 2.13. Western Digital Corporation has a 52 week low of $62.94 and a 52 week high of $799.87. The firm’s 50-day simple moving average is $523.80 and its two-hundred day simple moving average is $349.26.

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

Western Digital Increases Dividend

The firm 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 an increase from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 5th. Western Digital’s payout ratio is presently 3.58%.

More Western Digital News

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 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.