Western Digital (NASDAQ:WDC) Given New $125.00 Price Target at Rosenblatt Securities

Western Digital (NASDAQ:WDC) had its price objective hoisted by Rosenblatt Securities from $90.00 to $125.00 in a research report released on Monday morning, Marketbeat.com reports. Rosenblatt Securities currently has a buy rating on the data storage provider’s stock.

Several other equities analysts have also recently weighed in on the stock. Susquehanna lifted their price objective on shares of Western Digital from $40.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Mizuho lifted their target price on shares of Western Digital from $87.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. The Goldman Sachs Group started coverage on shares of Western Digital in a research note on Thursday, July 10th. They issued a “neutral” rating and a $70.00 price objective for the company. Wedbush boosted their target price on shares of Western Digital from $78.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Citigroup increased their target price on Western Digital from $88.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Seventeen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and a consensus target price of $91.47.

Western Digital Trading Up 9.2%

Western Digital stock opened at $116.74 on Monday. Western Digital has a 52-week low of $28.83 and a 52-week high of $118.14. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $40.73 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 0.91 and a beta of 1.69. The firm has a 50-day moving average price of $85.30 and a two-hundred day moving average price of $62.22.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Wednesday, July 30th. The data storage provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.18. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.45 billion. Western Digital had a return on equity of 24.93% and a net margin of 14.13%.The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. Western Digital has set its Q1 2026 guidance at 1.540-1.690 EPS. Sell-side analysts expect that Western Digital will post 4.89 earnings per share for the current year.

Western Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 4th. Western Digital’s dividend payout ratio is currently 7.77%.

Insider Buying and Selling

In other Western Digital news, insider Vidyadhara K. Gubbi sold 11,343 shares of Western Digital stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $90.29, for a total transaction of $1,024,159.47. Following the completion of the transaction, the insider directly owned 151,596 shares of the company’s stock, valued at approximately $13,687,602.84. This trade represents a 6.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cynthia L. Tregillis sold 14,067 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $74.78, for a total transaction of $1,051,930.26. Following the completion of the sale, the insider owned 135,351 shares in the company, valued at $10,121,547.78. This represents a 9.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,730 shares of company stock valued at $3,921,594. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Wealth Management Group LLC increased its stake in shares of Western Digital by 102.5% in the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock valued at $26,000 after acquiring an additional 202 shares during the last quarter. Rakuten Securities Inc. grew its holdings in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the period. NewSquare Capital LLC increased its stake in Western Digital by 86.9% in the second quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. CNB Bank bought a new stake in Western Digital in the second quarter valued at approximately $37,000. Finally, Manchester Capital Management LLC raised its holdings in Western Digital by 47.2% in the second quarter. Manchester Capital Management LLC now owns 577 shares of the data storage provider’s stock worth $37,000 after purchasing an additional 185 shares during the period. 92.51% of the stock is currently owned by institutional investors.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.