DGS Capital Management LLC Acquires Shares of 969 Western Digital Corporation $WDC

DGS Capital Management LLC bought a new stake in Western Digital Corporation (NASDAQ:WDC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 969 shares of the data storage provider’s stock, valued at approximately $262,000.

Other hedge funds have also made changes to their positions in the company. Cantor Fitzgerald L. P. boosted its stake in Western Digital by 399.8% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after buying an additional 25,987 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in shares of Western Digital by 75.4% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock valued at $1,778,000 after acquiring an additional 4,068 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Western Digital during the 4th quarter worth about $2,270,000. WESPAC Advisors LLC purchased a new position in shares of Western Digital during the 4th quarter worth about $793,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Western Digital by 33.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock worth $193,303,000 after acquiring an additional 282,156 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Trading Up 3.4%

Shares of Western Digital stock opened at $550.30 on Thursday. The company has a fifty day moving average price of $548.75 and a 200 day moving average price of $368.57. Western Digital Corporation has a twelve month low of $64.16 and a twelve month high of $799.87. The stock has a market cap of $189.68 billion, a price-to-earnings ratio of 32.85 and a beta of 2.11.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. The firm 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 firm’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 EPS. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were given a dividend of $0.15 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.60 annualized dividend and a yield of 0.1%. Western Digital’s dividend payout ratio is presently 3.58%.

More Western Digital News

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

• Positive Sentiment: Research chatter turned more constructive after Melius Research was reported as bullish on Western Digital, reinforcing the view that the company is a beneficiary of AI storage demand. Melius Research is Bullish on Western Digital Corporation (WDC)
• Positive Sentiment: Several articles highlighted strong fundamentals and valuation support, including comments that WDC looks inexpensive on cash flow, has beaten earnings recently, and continues to benefit from rising AI-related storage demand. Western Digital (WDC) Stock Looks Cheap On Cash Flow But Rich On Earnings
• Positive Sentiment: Analyst expectations remain generally favorable, with multiple firms maintaining buy or outperform ratings and recent price targets clustered above current levels, including a fresh upgrade in target from Susquehanna. Western Digital had its price target raised by Susquehanna
• Neutral Sentiment: Market-wide headlines about the Nasdaq, Fed minutes, and broader tech rotation are adding noise to trading, but these are not specific to Western Digital’s fundamentals. Stock Market Today: Nasdaq Swings To Score A Win; Fed Minutes Show Split On Direction
• Negative Sentiment: Some investors are still wary after the recent memory-chip selloff tied to Samsung results, which pressured WDC and peers earlier in the week and could keep sentiment choppy. Here is What to Know Beyond Why Western Digital Corporation (WDC) is a Trending Stock

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WDC shares. Fox Advisors lowered shares of Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Wall Street Zen upgraded Western Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Melius Research set a $1,050.00 target price on Western Digital and gave the stock a “buy” rating in a research report on Monday, June 29th. Wells Fargo & Company lifted their target price on Western Digital from $500.00 to $575.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Evercore reissued an “outperform” rating and set a $575.00 price target on shares of Western Digital in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $502.12.

Insider Buying and Selling

In other Western Digital news, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $545.60, for a total value of $235,699.20. Following the completion of the sale, the insider owned 116,643 shares of the company’s stock, valued at $63,640,420.80. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the sale, the chief executive officer owned 598,150 shares in the company, valued at $246,342,096. This represents a 3.24% decrease in their position. 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 worth $12,768,550 in the last 90 days. 0.18% of the stock is owned by insiders.

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.