20,145 Shares in Western Digital Corporation $WDC Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC acquired a new position in Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,145 shares of the data storage provider’s stock, valued at approximately $3,470,000.

Other hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its stake in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after buying an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after buying an additional 204 shares during the last quarter. Avion Wealth raised 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 buying an additional 113 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Western Digital by 207.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after buying an additional 178 shares during the last quarter. Finally, BOKF NA raised its stake in Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after buying an additional 268 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 214 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $539.63, for a total value of $115,480.82. Following the completion of the sale, the insider owned 117,157 shares in the company, valued at approximately $63,221,431.91. This represents a 0.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the sale, the insider owned 90,041 shares of the company’s stock, valued at $39,905,270.79. The trade was a 4.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 53,655 shares of company stock worth $18,179,038. Corporate insiders own 0.18% of the company’s stock.

Western Digital Price Performance

Shares of WDC stock opened at $530.60 on Thursday. Western Digital Corporation has a 1 year low of $51.17 and a 1 year high of $546.68. The firm has a fifty day moving average price of $387.41 and a 200-day moving average price of $276.68. The company has a market cap of $182.89 billion, a price-to-earnings ratio of 31.68 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The company’s revenue for the quarter 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. Equities research analysts expect that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s dividend payout ratio is currently 2.99%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WDC. Barclays boosted their target price on shares of Western Digital to $620.00 and gave the company an “overweight” rating in a research note on Wednesday. Truist Financial set a $310.00 target price on shares of Western Digital in a research note on Tuesday, February 3rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $400.00 target price on shares of Western Digital in a research note on Friday, May 1st. Mizuho set a $470.00 target price on shares of Western Digital in a research note on Friday, May 1st. Finally, Cantor Fitzgerald boosted their target price on shares of Western Digital to $660.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $413.50.

Trending Headlines about Western Digital

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

• Positive Sentiment: Shares are benefiting from a strong sector-wide “memory melt-up,” with AI infrastructure demand supporting higher pricing power and improving earnings expectations for storage makers like Western Digital. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Evercore reportedly raised its price target on Western Digital to $575, calling the stock “underappreciated” as hard disk drives remain critical for AI data-center buildouts. Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here
• Positive Sentiment: Recent coverage highlights Western Digital as a key beneficiary of the AI memory/storage supercycle, with investors searching the name more heavily after strong momentum in peers like Micron and SanDisk. Micron’s $1 Trillion Memory Melt-Up
• Neutral Sentiment: An insider sale by Cynthia L. Tregillis was disclosed, but it was small relative to her holdings and was made under a pre-arranged 10b5-1 trading plan, so it is unlikely to be a major negative signal for investors. SEC filing
• Neutral Sentiment: Another insider sale was also reported the same day, adding to activity that may look cautious, but the transactions appear routine rather than clearly bearish. SEC filing

Western Digital Company 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.