2,723 Shares in Western Digital Corporation $WDC Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,723 shares of the data storage provider’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SYM FINANCIAL Corp purchased a new position in shares of Western Digital during the second quarter valued at about $225,000. Nordea Investment Management AB lifted its holdings in Western Digital by 9.6% in the second quarter. Nordea Investment Management AB now owns 30,434 shares of the data storage provider’s stock worth $1,938,000 after buying an additional 2,656 shares during the period. Greenleaf Trust bought a new stake in Western Digital during the 2nd quarter valued at approximately $233,000. Resona Asset Management Co. Ltd. grew its holdings in shares of Western Digital by 7.1% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 118,888 shares of the data storage provider’s stock worth $7,594,000 after acquiring an additional 7,913 shares during the period. Finally, Carnegie Investment Counsel bought a new position in shares of Western Digital in the 2nd quarter worth approximately $358,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WDC shares. The Goldman Sachs Group restated a “neutral” rating and set a $148.00 price target on shares of Western Digital in a research report on Friday, October 31st. Rosenblatt Securities boosted their target price on shares of Western Digital from $125.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 31st. Susquehanna reaffirmed a “neutral” rating and issued a $135.00 target price on shares of Western Digital in a research report on Thursday, November 6th. Benchmark lifted their price target on shares of Western Digital from $115.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, TD Cowen boosted their price objective on shares of Western Digital from $90.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.65.

Insiders Place Their Bets

In other Western Digital news, Director Kimberly Alexy sold 1,768 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total transaction of $272,272.00. Following the transaction, the director owned 3,585 shares in the company, valued at approximately $552,090. This represents a 33.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $150.69, for a total transaction of $3,013,800.00. Following the completion of the sale, the chief executive officer owned 645,467 shares of the company’s stock, valued at $97,265,422.23. This represents a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,369 shares of company stock worth $4,013,785 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Western Digital Trading Up 16.8%

Shares of NASDAQ WDC opened at $219.38 on Wednesday. The firm’s 50 day moving average price is $166.80 and its 200-day moving average price is $116.63. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $221.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. The company has a market cap of $75.01 billion, a PE ratio of 31.93, a P/E/G ratio of 1.16 and a beta of 1.78.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Monday, April 7th. The data storage provider reported $1.78 earnings per share for the quarter. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. The company had revenue of $4.10 billion during the quarter. On average, equities research analysts expect that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, December 4th. This is a positive change from Western Digital’s previous quarterly dividend of $0.10. Western Digital’s dividend payout ratio is 7.28%.

More Western Digital News

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

• Positive Sentiment: Jensen Huang (NVIDIA) gave a bullish outlook on the memory sector, helping push WDC to a new all-time high as investors rotate into AI/data-storage beneficiaries. Catalyst: optimism about AI training demand and higher memory spend across cloud/data centers. Western Digital (WDC) Soars to All-Time High as Nvidia CEO Posts Bullish Outlook
• Positive Sentiment: Broader memory-stock rally narrative (price moves at SK Hynix/Samsung, investor videos highlighting MU/WDC/STX) is lifting expectations for stronger industry pricing and volume — a direct tailwind for WDC’s revenue and margin outlook. Boom Before Bust? MU, WDC, STX & SNDK Lead Memory Chip Rally
• Positive Sentiment: Analysts/commentary that named WDC among 2025’s top S&P 500 performers adds credibility to the bull case and can attract momentum/chaser flows. S&P 500’s Top Stock of 2025: Western Digital
• Neutral Sentiment: SanDisk (WD’s consumer SSD brand) is rebranding WD_BLACK and WD_Blue to “Optimus” across product lines announced at CES. This is largely a marketing/product-stack change — could be neutral for near-term revenues but matters for long-term consumer brand recognition. SSDs: WD Black and WD Blue are history
• Neutral Sentiment: Multiple outlets covered the Optimus rebrand and retail discounts (e.g., 8TB WD_Black PS5 deal); promotions may boost short-term consumer sales but are unlikely to reshape WDC’s enterprise-facing revenue mix. The 8TB WD_Black M.2 SSD for PS5 is on a major discount at Amazon
• Neutral Sentiment: Valuation-watch pieces note a sharp 90-day rally in WDC shares; higher multiples increase sensitivity to any earnings shortfall. This raises risk despite positive industry signals. Western Digital (WDC) Valuation Check After Sharp 90 Day Share Price Rally
• Negative Sentiment: Some market commentators (The Motley Fool) warn to “sell into today’s rally,” cautioning that the move may be extended and recommending taking profits — a view that could limit further near-term upside if adopted broadly. Why Western Digital Stock Popped Today

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.