Western Digital Corporation $WDC Shares Acquired by Caerus Investment Advisors LLC

Caerus Investment Advisors LLC lifted its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 48.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,596 shares of the data storage provider’s stock after buying an additional 1,510 shares during the quarter. Caerus Investment Advisors LLC’s holdings in Western Digital were worth $792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. grew its position in shares of Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares in the last quarter. Avion Wealth grew its position in shares of Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after buying an additional 113 shares in the last quarter. BOKF NA grew its position in shares of Western Digital by 6,700.0% during the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after buying an additional 268 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Western Digital during the third quarter worth about $33,000. Finally, Ameriflex Group Inc. grew its position in shares of Western Digital by 100.0% during the third quarter. Ameriflex Group Inc. now owns 312 shares of the data storage provider’s stock worth $37,000 after buying an additional 156 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WDC. Bank of America upped their price target on Western Digital to $495.00 and gave the company a “buy” rating in a report on Monday, April 27th. Jefferies Financial Group set a $575.00 price target on Western Digital in a report on Tuesday, May 26th. TD Cowen upped their price target on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Citigroup upped their price target on Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $488.00 price target on shares of Western Digital in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $433.29.

Trending Headlines about Western Digital

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

• Positive Sentiment: Western Digital and related memory stocks rebounded as investors rotated back into the group following SK Hynix’s capacity plan, which helped sentiment across the storage space. SanDisk Jumps 14%, Western Digital Climbs 6% as Memory Stocks Rebound on SK Hynix’s Capacity Plan
• Positive Sentiment: Analysts remain constructive on WDC, with recent price target increases from Mizuho and Citi reinforcing expectations for continued AI-driven storage demand and stronger earnings estimates. Mizuho and Citi Raise Western Digital (WDC) Price Targets
• Positive Sentiment: Western Digital’s stock has also benefited from ongoing investor optimism around AI storage demand, pricing gains, and its more focused HDD-centric business mix. Western Digital Stock Skyrockets 185% YTD: Is More Growth on the Horizon?
• Neutral Sentiment: Western Digital announced a privately negotiated share exchange involving SanDisk investors, which may affect the company’s capital structure but is not clearly a direct earnings driver yet. Western Digital Announces Sandisk Share Exchange With Investors
• Neutral Sentiment: Recent broker commentary has kept WDC at a “Moderate Buy,” supporting the stock but largely confirming already positive sentiment rather than adding a new catalyst. Western Digital Corporation Receives Consensus Rating of Moderate Buy from Brokerages

Insider Buying and Selling

In related news, insider Vidyadhara K. Gubbi sold 2,475 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 85,154 shares of the company’s stock, valued at $47,366,060.96. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the director directly owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,322 shares of company stock valued at $12,768,550 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Western Digital Trading Up 8.0%

WDC stock opened at $529.29 on Friday. The company has a market capitalization of $182.44 billion, a P/E ratio of 31.60 and a beta of 2.13. Western Digital Corporation has a twelve month low of $54.60 and a twelve month high of $602.54. The business has a 50 day simple moving average of $441.92 and a 200-day simple moving average of $306.11.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate 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 was up 45.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Research analysts predict that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be issued a dividend of $0.15 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s dividend payout ratio is 3.58%.

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.