D.A. Davidson & CO. Sells 18,775 Shares of Western Digital Corporation $WDC

D.A. Davidson & CO. lessened its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 78.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,072 shares of the data storage provider’s stock after selling 18,775 shares during the period. D.A. Davidson & CO.’s holdings in Western Digital were worth $609,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after purchasing an additional 3,019 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after buying an additional 967 shares in the last quarter. Strs Ohio purchased a new position in shares of Western Digital during the first quarter valued at $7,641,000. Inspire Investing LLC raised its holdings in shares of Western Digital by 77.2% in the first quarter. Inspire Investing LLC now owns 7,662 shares of the data storage provider’s stock valued at $310,000 after acquiring an additional 3,338 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Western Digital by 112.0% in the second quarter. Parallel Advisors LLC now owns 5,524 shares of the data storage provider’s stock worth $353,000 after acquiring an additional 2,918 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WDC shares. TD Cowen raised their target price on shares of Western Digital from $90.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wedbush increased their price objective on shares of Western Digital from $90.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Benchmark boosted their price objective on shares of Western Digital from $115.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Bank of America increased their target price on Western Digital from $170.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Barclays lifted their price target on Western Digital from $105.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Western Digital Stock Performance

Shares of WDC stock opened at $212.14 on Tuesday. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $221.23. The business’s fifty day simple moving average is $171.05 and its 200-day simple moving average is $120.52. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. The company has a market cap of $72.53 billion, a PE ratio of 30.88, a PEG ratio of 1.24 and a beta of 1.78.

Western Digital (NASDAQ:WDC) last announced its earnings results on Monday, April 7th. The data storage provider reported $1.78 earnings per share for the quarter. Western Digital had a return on equity of 30.89% and a net margin of 21.37%.The firm had revenue of $4.10 billion for the quarter. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. Analysts expect that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Increases Dividend

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

Insider Activity at Western Digital

In other Western Digital news, Director Kimberly Alexy sold 1,768 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total value of $272,272.00. Following the completion of the transaction, the director owned 3,585 shares of the company’s stock, valued at approximately $552,090. This trade represents a 33.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 2,801 shares of Western Digital stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $160.57, for a total transaction of $449,756.57. Following the sale, the insider owned 144,596 shares of the company’s stock, valued at $23,217,779.72. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 26,369 shares of company stock valued at $4,013,785. Company insiders own 0.18% of the company’s stock.

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.