Western Digital Corporation $WDC Shares Purchased by Fortis Group Advisors LLC

Fortis Group Advisors LLC increased its stake in Western Digital Corporation (NASDAQ:WDC) by 352,966.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,592 shares of the data storage provider’s stock after purchasing an additional 10,589 shares during the period. Fortis Group Advisors LLC’s holdings in Western Digital were worth $1,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WDC. Crestwood Advisors Group LLC acquired a new stake in Western Digital in the third quarter worth approximately $356,000. NEOS Investment Management LLC grew its position in Western Digital by 51.7% during the third quarter. NEOS Investment Management LLC now owns 38,831 shares of the data storage provider’s stock valued at $4,662,000 after purchasing an additional 13,238 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new stake in shares of Western Digital during the 3rd quarter valued at $10,685,000. GSA Capital Partners LLP purchased a new stake in shares of Western Digital during the third quarter worth $598,000. Finally, Rothschild Investment LLC boosted its position in Western Digital by 207.3% during the third quarter. Rothschild Investment LLC now owns 1,644 shares of the data storage provider’s stock valued at $197,000 after purchasing an additional 1,109 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Western Digital Stock Up 0.9%

Shares of NASDAQ WDC opened at $284.11 on Wednesday. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $307.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The stock has a market cap of $96.32 billion, a P/E ratio of 28.50, a P/E/G ratio of 0.65 and a beta of 1.80. The firm has a 50 day moving average price of $221.45 and a 200 day moving average price of $155.08.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the business posted $1.77 earnings per share. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. Analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

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

Insider Buying and Selling at Western Digital

In other 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 transaction of $277,956.00. Following the completion of the sale, the director owned 3,863 shares in the company, valued at approximately $596,524.46. This trade represents a 31.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total value of $5,108,800.00. Following the sale, the chief executive officer directly owned 623,586 shares of the company’s stock, valued at approximately $159,288,807.84. The trade was a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 70,522 shares of company stock worth $17,661,708 in the last three months. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on WDC shares. Susquehanna restated a “neutral” rating and set a $285.00 price target on shares of Western Digital in a research note on Friday, February 6th. Wall Street Zen raised Western Digital from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Truist Financial set a $310.00 price objective on shares of Western Digital in a report on Tuesday, February 3rd. The Goldman Sachs Group set a $250.00 target price on shares of Western Digital in a research note on Tuesday, February 3rd. Finally, Argus set a $300.00 price target on Western Digital in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.58.

Trending Headlines about Western Digital

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

• Positive Sentiment: AI customers have bought essentially all WD hard-drive capacity for 2026, creating immediate revenue visibility, stronger utilization and pricing leverage for HDDs. This is the primary driver behind the stock strength. AI Demand Clears Out Western Digital’s Hard Drive Supply for 2026
• Positive Sentiment: Market reaction: analysts and market outlets report the “sold out” message has already pushed the stock higher as investors price in stronger FY26 revenue and margin tailwinds from AI hyperscalers. Western Digital Stock Jumps on Huge AI Hard Drive Demand
• Positive Sentiment: Multiple tech outlets note the shortage extends across HDD and enterprise SSD supply, implying pricing power and higher ASPs for storage products. That supports revenue/margin upside. Thanks to AI, WD and Seagate SSDs are about to get much more expensive
• Positive Sentiment: Sell‑side sentiment is warming — Cantor Fitzgerald and Goldman Sachs raised WDC price targets, reinforcing the bullish thesis and supporting further multiple expansion. Cantor Fitzgerald and Goldman Sachs lift Western Digital (WDC) price targets
• Positive Sentiment: Company actions: WDC expanded buybacks (announced previously), supporting shareholder returns and signaling confidence in free cash flow as AI demand lifts sales. That is a constructive catalyst for the stock. Is Western Digital’s $4B Buyback Plan a Smart Move or a Risk?
• Neutral Sentiment: Zacks added WDC to their Rank #1 (Strong Buy) growth list, reflecting momentum but not changing fundamentals by itself. Best Growth Stocks to Buy for February 17th
• Neutral Sentiment: WDC plans to sell some Sandisk shares to bolster its balance sheet and reduce debt; that will raise cash and lower leverage but reduces its stake in an asset — a balance-sheet move investors should watch for execution and timing. Sandisk’s stock falls as Western Digital plans to sell shares. What investors need to know.
• Neutral Sentiment: Corporate governance/relations: WDC CFO Kris Sennesael joined the board of MaxLinear — a non-core development that may broaden industry relationships but has limited direct impact on WDC’s financials. MaxLinear Adds Western Digital CFO Kris Sennesael to Board
• Negative Sentiment: Risks: analysts and some commentaries warn buybacks and heavier capital returns come as WDC remains cyclical and indebted; if AI demand cools, capacity-led cycles could reverse margins quickly. Investors should weigh buyback upside against cyclicality and leverage risk. Is Western Digital’s $4B Buyback Plan a Smart Move or a Risk?

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.