BridgePort Financial Solutions LLC Buys Shares of 3,250 Western Digital Corporation $WDC

BridgePort Financial Solutions LLC bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,250 shares of the data storage provider’s stock, valued at approximately $560,000.

A number of other large investors also recently modified their holdings of WDC. Vanguard Group Inc. increased its holdings in Western Digital by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock worth $5,196,484,000 after purchasing an additional 243,177 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Western Digital during the third quarter valued at about $791,317,000. Holocene Advisors LP grew its holdings in shares of Western Digital by 8.5% during the second quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock worth $354,247,000 after purchasing an additional 431,419 shares during the last quarter. Northern Trust Corp increased its stake in shares of Western Digital by 11.2% in the third quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock valued at $456,884,000 after buying an additional 384,103 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Western Digital by 11.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock valued at $456,737,000 after buying an additional 402,981 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Western Digital Stock Down 0.9%

Shares of NASDAQ WDC opened at $294.97 on Friday. The company’s 50 day moving average price is $276.45 and its 200-day moving average price is $198.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $319.62. The company has a market capitalization of $100.01 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 0.69 and a beta of 1.77.

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

Western Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, March 5th. Western Digital’s dividend payout ratio (DPR) is presently 5.02%.

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider directly owned 121,682 shares of the company’s stock, valued at $32,643,630.14. The trade was a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the sale, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. The trade was a 8.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 92,795 shares of company stock valued at $24,265,884. Insiders own 0.18% of the company’s stock.

More Western Digital News

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

• Positive Sentiment: Bernstein upgraded WDC to Outperform, prompting a sizable intraday rally as investors viewed the pullback as a buying opportunity. Western Digital (NASDAQ:WDC) Raised to “Outperform” at Sanford C. Bernstein
• Positive Sentiment: Other coverage and momentum flows pushed WDC up ~10–11% on Wednesday as traders positioned ahead of earnings, signaling short-term investor optimism. Western Digital (WDC) Jumps 10% Ahead of Earnings
• Positive Sentiment: Industry analysis highlights WDC’s strong positioning in AI/cloud nearline HDDs — reports note high UltraSMR adoption, long-term hyperscaler commitments and sell-outs into 2026–2028, supporting revenue and margin outlooks. There’s A Storage Problem With AI Inference – And Western Digital Knows It
• Positive Sentiment: Real-world demand: a government agency archive deployment using WD Ultrastar drives underscores enterprise/customer wins for high-density storage. JetStor Delivers 80PB High-Density Archive for Government Agency Using WD’s Trusted High-Capacity Ultrastar Drives
• Neutral Sentiment: New product/consumer pricing noise: a promotional sale on a 5TB WD portable drive drew headlines — relevant for consumer demand/ASP monitoring but not a major driver for enterprise HDD momentum. WD 5TB Portable External Hard Drive for Mac Drops to $0.03 per GB Even After Amazon’s Spring Sale
• Neutral Sentiment: ETF product news: Roundhill launched a Memory ETF (DRAM) — increases thematic flow options into memory/storage names, which could help bid the group but is not a direct WDC catalyst. Roundhill Investments Launches First-Ever Memory ETF (DRAM)
• Negative Sentiment: Macro headwinds: broader market weakness (inflation and rate worries) pressured futures and tech names today, contributing to WDC’s pullback. US Stock Market Today S&P 500 Futures Fall As Inflation And Rate Worries Persist
• Negative Sentiment: Analyst downgrade: Zacks cut WDC from “strong-buy” to “hold,” adding selling pressure after recent gains. Zacks Research Downgrade
• Negative Sentiment: Intraday pullback & volatility: coverage tracking WDC notes a ~3% intraday pullback as traders take profits following the recent spike. What’s Going On With Western Digital Stock Thursday?

Analyst Upgrades and Downgrades

WDC has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Weiss Ratings upgraded shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. China Renaissance began coverage on shares of Western Digital in a research note on Friday, December 5th. They issued a “buy” rating and a $193.00 price objective on the stock. Evercore restated an “outperform” rating and issued a $230.00 price objective on shares of Western Digital in a report on Friday, January 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $340.00 target price on shares of Western Digital in a report on Wednesday, February 4th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $275.75.

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.