3,185 Shares in Western Digital Corporation $WDC Acquired by Independent Advisor Alliance

Independent Advisor Alliance bought a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,185 shares of the data storage provider’s stock, valued at approximately $382,000.

Other institutional investors have also added to or reduced their stakes in the company. SYM FINANCIAL Corp purchased a new stake in shares of Western Digital in the 2nd quarter worth $225,000. Mirae Asset Global Investments Co. Ltd. increased its position in Western Digital by 12.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock worth $6,281,000 after buying an additional 5,731 shares in the last quarter. LBP AM SA bought a new position in shares of Western Digital in the third quarter worth about $641,000. Nordea Investment Management AB lifted its position in shares of Western Digital by 9.6% during the 2nd quarter. Nordea Investment Management AB now owns 30,434 shares of the data storage provider’s stock valued at $1,938,000 after buying an additional 2,656 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in shares of Western Digital during the 2nd quarter valued at approximately $919,000. 92.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Citigroup lifted their price target on shares of Western Digital to $325.00 and gave the company a “buy” rating in a report on Monday. Wedbush lifted their target price on shares of Western Digital from $260.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Loop Capital increased their price target on Western Digital to $250.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Evercore ISI restated an “outperform” rating and issued a $230.00 price objective on shares of Western Digital in a research report on Friday, January 16th. Finally, Robert W. Baird set a $310.00 price objective on Western Digital in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $262.25.

Trending Headlines about Western Digital

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

• Positive Sentiment: Board approved an additional $4 billion share repurchase program, which supports share price by reducing float and signals management confidence. Read More.
• Positive Sentiment: Company held Innovation Day and unveiled an AI-focused HDD/roadmap (path to 100TB+ drives and High Bandwidth Drive tech) that reinforces WDC’s role in AI data infrastructure and bolsters the long-term demand thesis. Read More.
• Positive Sentiment: Recent results and guidance showed revenue and margin strength, supporting the “memory supercycle” thesis (durable demand for high‑capacity drives), which underpins bullish analyst revisions. Read More.
• Positive Sentiment: Several firms raised price targets and reiterated buys (examples: Mizuho, Rosenblatt), lifting sentiment and feeding momentum into the stock ahead of today’s pullback. Read More.
• Neutral Sentiment: SanDisk (spun off from WDC) is rallying sharply and remains very volatile; the sector rotation into memory benefits WDC but also concentrates exposure to cyclical swings. Read More.
• Neutral Sentiment: Macro/policy moves (U.S. push to secure critical minerals) could support domestic supply chains longer term but are not an immediate stock catalyst. Read More.
• Negative Sentiment: CEO Irving Tan sold 20,000 shares (~$5.1M), a disclosed insider sale that may have prompted short-term profit‑taking or signaled a window for selling after the recent run. Read More.

Insider Buying and Selling at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $255.44, for a total value of $5,108,800.00. Following the completion of the transaction, the chief executive officer directly owned 623,586 shares of the company’s stock, valued at $159,288,807.84. This trade represents a 3.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Cynthia L. Tregillis sold 2,801 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $160.57, for a total transaction of $449,756.57. Following the completion of the sale, the insider owned 144,596 shares in the company, valued at approximately $23,217,779.72. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,816 shares of company stock worth $6,211,148 over the last three months. 0.18% of the stock is owned by company insiders.

Western Digital Trading Down 3.4%

Shares of WDC stock opened at $260.19 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $88.21 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 0.70 and a beta of 1.80. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $296.50. The stock’s 50-day moving average price is $202.97 and its 200-day moving average price is $142.32.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter last year, the business posted $1.77 EPS. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. Equities research analysts predict that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital’s payout ratio is currently 5.02%.

Western Digital 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.