2,968 Shares in Western Digital Corporation $WDC Purchased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,968 shares of the data storage provider’s stock, valued at approximately $356,000.

Other hedge funds have also modified their holdings of the company. NEOS Investment Management LLC grew its holdings in shares of Western Digital by 51.7% in 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 purchased a new position in shares of Western Digital in the 3rd quarter worth $10,685,000. GSA Capital Partners LLP bought a new stake in shares of Western Digital in the 3rd quarter worth about $598,000. Rothschild Investment LLC raised its position in shares of Western Digital by 207.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,644 shares of the data storage provider’s stock valued at $197,000 after buying an additional 1,109 shares in the last quarter. Finally, denkapparat Operations GmbH bought a new position in shares of Western Digital in the 3rd quarter valued at about $277,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Key Western Digital News

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

• Positive Sentiment: Monetizing SanDisk stake and swapping shares for debt should accelerate deleveraging and improve financial flexibility — a clear balance-sheet positive that investors have cheered. Western Digital to sell $3.17 billion stake in Sandisk
• Positive Sentiment: Management says 2026 hard-drive production is sold out amid surging demand from AI data centers — supports revenue visibility and pricing power for enterprise / hyperscale HDDs. Western Digital Sold Out All 2026 Hard Drive Production as AI Centers Scramble
• Positive Sentiment: Zacks added WDC to its Rank #1 (Strong Buy) growth list, a signal that some quant/retail models see further upside. Best Growth Stocks to Buy for February 19th
• Positive Sentiment: Conversion of Series A preferred shares simplifies capital structure (reduces complexity for investors and may lower future financing friction). Western Digital Converts Preferred Shares, Simplifying Capital Structure
• Neutral Sentiment: Retail product promotions (e.g., deeply discounted 16TB Elements external drive) boost consumer-channel sales but are unlikely to move the stock materially relative to enterprise AI demand. WD’s 16TB Elements External Hard Drive Delivers Maximum Storage at Minimum Cost
• Neutral Sentiment: Coverage pieces and valuation checks highlight the recent multi-period rally; useful context but not a direct catalyst. Western Digital (WDC) Valuation Check
• Neutral Sentiment: Reports indicate the Sandisk stake sale is being executed via a secondary offering and some shares will be exchanged for debt — preserves Sandisk operations (SanDisk not raising proceeds) while giving WDC liquidity. Discount and structure details may matter to timing. Sandisk (SNDK) Stock: Western Digital Dumps $3.17 Billion Position at a Discount
• Negative Sentiment: Significant insider selling (many executives have sold shares recently) and some large institutional position reductions create potential perception risk and could weigh on sentiment. Western Digital climbs as Sandisk stake sale boosts debt-reduction outlook
• Negative Sentiment: The Sandisk secondary was priced at a discount and WDC will retain only part of its stake — while the move reduces debt, the discounted sale and large offering can create short-term selling pressure. Western Digital to sell ~$3.2B of SanDisk stock in secondary deal
• Negative Sentiment: Median analyst price target coverage shows dispersion and a median below some recent levels — implies upside is not unanimous and could limit near-term gains. Analyst ratings and price targets

Western Digital Price Performance

Shares of WDC stock opened at $284.67 on Friday. The company has a market capitalization of $96.51 billion, a P/E ratio of 28.55, a P/E/G ratio of 0.68 and a beta of 1.80. The company’s 50-day simple moving average is $225.70 and its two-hundred day simple moving average is $156.96. Western Digital Corporation has a one year low of $28.83 and a one year high of $309.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19.

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

Western Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be given 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 of this dividend is Thursday, March 5th. Western Digital’s dividend payout ratio is presently 5.02%.

Insiders Place Their Bets

In other Western Digital news, Director Kimberly Alexy sold 1,768 shares of Western Digital 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 transaction, the director directly owned 3,585 shares of the company’s stock, valued at approximately $552,090. The trade was a 33.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cynthia L. Tregillis sold 6,780 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $270.49, for a total value of $1,833,922.20. Following the sale, the insider owned 136,538 shares of the company’s stock, valued at approximately $36,932,163.62. This represents a 4.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 70,522 shares of company stock worth $17,661,708. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WDC. Citigroup boosted their price objective on Western Digital to $325.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Susquehanna reissued a “neutral” rating and set a $285.00 target price on shares of Western Digital in a research report on Friday, February 6th. Wells Fargo & Company increased their price target on Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, January 30th. China Renaissance began coverage on shares of Western Digital in a research report on Friday, December 5th. They set a “buy” rating and a $193.00 price objective on the stock. Finally, Wall Street Zen raised shares of Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and a consensus price target of $265.58.

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.