BLB&B Advisors LLC Sells 3,236 Shares of Western Digital Corporation $WDC

BLB&B Advisors LLC cut its position in shares of Western Digital Corporation (NASDAQ:WDC) by 28.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,192 shares of the data storage provider’s stock after selling 3,236 shares during the period. BLB&B Advisors LLC’s holdings in Western Digital were worth $984,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC boosted its position in shares of Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 117 shares during the last quarter. Grove Bank & Trust purchased a new stake in Western Digital during the third quarter valued at $30,000. Westfuller Advisors LLC bought a new position in Western Digital during the third quarter valued at $30,000. JNBA Financial Advisors purchased a new position in shares of Western Digital in the 3rd quarter worth $34,000. Finally, Bogart Wealth LLC increased its holdings in shares of Western Digital by 57.7% in the 3rd quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock worth $37,000 after buying an additional 113 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Multiple analyst upgrades and sizable price‑target increases (Citigroup, Rosenblatt, Bank of America and others) have lifted sentiment and supported the rally into record highs. Forget the Chips, Buy Memory
• Positive Sentiment: AI-driven demand is rotating investor money from GPUs to storage — institutional flow into NAND/SSD and HDD suppliers is increasing pricing power and revenue visibility for WDC’s data‑center HDDs and SSD roadmap. AI-money moving to storage
• Positive Sentiment: WDC has strong recent earnings‑surprise history and Wall Street expects continued earnings growth; that raises the chance of another beat at the upcoming quarterly report. Will WDC beat estimates?
• Neutral Sentiment: Corporate cadence: WDC is hosting an Innovation Day and has raised its dividend — both can reinforce the narrative but are event‑driven and dependent on execution/communication. Innovation Day / dividend context
• Neutral Sentiment: Insider activity: a small officer sale (447 shares) was disclosed; size and frequency indicate routine liquidity rather than management signaling. SEC filing
• Negative Sentiment: Price pullback today amid broader market strength — traders appear to be taking profits after WDC hit fresh 52‑week/all‑time highs. WDC stock dips while market gains
• Negative Sentiment: Valuation and cycle risk concerns: several commentators warn the rally could be stretched and exposed to a pullback if supply/pricing dynamics normalize or AI demand growth slows. Pullback risk analysis

Wall Street Analysts Forecast Growth

WDC has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Western Digital in a report on Friday, October 31st. Mizuho set a $240.00 price objective on Western Digital in a research report on Friday, January 9th. Wells Fargo & Company raised their price objective on Western Digital from $180.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Rosenblatt Securities lifted their target price on Western Digital from $165.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Benchmark increased their price target on Western Digital from $115.00 to $163.00 and gave the company a “buy” rating in a report on Friday, October 31st. One research 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. Based on data from MarketBeat, Western Digital currently has a consensus rating of “Moderate Buy” and an average target price of $206.29.

Insider Activity at Western Digital

In related news, Director Roxanne Oulman sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total value of $277,956.00. Following the transaction, the director owned 3,863 shares of the company’s stock, valued at $596,524.46. This trade represents a 31.79% decrease in their position. 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 dated Tuesday, December 2nd. The shares were 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,816 shares of company stock valued at $4,116,148. Company insiders own 0.18% of the company’s stock.

Western Digital Trading Down 2.8%

WDC opened at $236.39 on Friday. 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 stock’s 50 day moving average price is $182.54 and its 200-day moving average price is $130.31. Western Digital Corporation has a one year low of $28.83 and a one year high of $247.94. The stock has a market cap of $80.82 billion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 1.13 and a beta of 1.78.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, October 30th. The data storage provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.21. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.72 billion. Western Digital had a return on equity of 30.89% and a net margin of 21.37%.Western Digital’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. On average, equities analysts forecast that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Increases Dividend

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

About Western Digital

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.