2,539 Shares in Western Digital Corporation $WDC Bought by Berger Financial Group Inc

Berger Financial Group Inc acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,539 shares of the data storage provider’s stock, valued at approximately $437,000.

A number of other hedge funds have also recently made changes to their positions in WDC. WCM Investment Management LLC purchased a new stake in shares of Western Digital during the 3rd quarter worth $791,317,000. Fred Alger Management LLC lifted its stake in shares of Western Digital by 4,923.9% during the 3rd quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock worth $409,049,000 after purchasing an additional 3,339,225 shares during the last quarter. Soroban Capital Partners LP lifted its stake in shares of Western Digital by 1,926.3% during the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock worth $195,882,000 after purchasing an additional 2,910,062 shares during the last quarter. Polar Capital Holdings Plc purchased a new stake in shares of Western Digital during the 3rd quarter worth $221,800,000. Finally, AQR Capital Management LLC lifted its stake in shares of Western Digital by 175.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,232,071 shares of the data storage provider’s stock worth $78,347,000 after purchasing an additional 784,645 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital News Summary

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

• Positive Sentiment: Evercore raised its price target to $410 and reiterated an “outperform” rating, signaling bullish analyst conviction and providing near-term upside for the stock. Evercore price target raise
• Positive Sentiment: A separate price-target increase to $415 was published, adding more analyst support that can help sustain the rally. Price Target Raised to $415
• Positive Sentiment: Top analysts have been boosting targets ahead of earnings, reflecting confidence in WDC’s exposure to HDD/SSD demand from cloud hyperscalers and AI workloads. TipRanks analyst boost
• Positive Sentiment: News coverage highlights that increased investment from hyperscalers and growing data volumes are driving demand for Western Digital’s storage products, supporting revenue and margin outlooks. Hyperscaler investment article
• Positive Sentiment: Sector commentary expects data-center/AI-related parts (including WDC products) to continue rallying as AI deployments expand, which could sustain investor appetite for the stock. FXEmpire AI parts forecast
• Neutral Sentiment: Analysts and consumer-focused pieces are debating whether WDC at current levels should be a watch-list buy — interest is high, but some investors are waiting for clearer post-earnings guidance. Watch list article
• Negative Sentiment: Several articles flag a trade-off: Western Digital’s cash flow has improved due to AI-driven demand, but elevated debt raises questions about financial flexibility and growth funding — a risk that could cap the multiple if leverage isn’t reduced. Yahoo cash flow vs leverage Zacks cash flow vs leverage

Western Digital Trading Up 0.4%

Shares of NASDAQ:WDC opened at $374.11 on Tuesday. The business’s 50-day moving average is $294.93 and its 200 day moving average is $218.97. Western Digital Corporation has a 1 year low of $35.51 and a 1 year high of $380.65. The firm has a market capitalization of $126.84 billion, a P/E ratio of 37.52, a P/E/G ratio of 0.86 and a beta of 1.77. 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 earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the company posted $1.77 EPS. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. On average, research analysts predict that Western Digital Corporation will post 8.47 earnings per share for the current fiscal year.

Western Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital’s dividend payout ratio is currently 5.02%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WDC shares. Wedbush restated an “outperform” rating and set a $325.00 price objective on shares of Western Digital in a research note on Monday, February 9th. Truist Financial set a $310.00 target price on Western Digital in a research report on Tuesday, February 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $340.00 target price on shares of Western Digital in a research report on Wednesday, February 4th. Robert W. Baird set a $310.00 target price on Western Digital in a research report on Monday, February 2nd. Finally, UBS Group set a $306.00 target price on Western Digital in a research report on Friday, January 30th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Western Digital has a consensus rating of “Moderate Buy” and a consensus target price of $305.63.

Insider Transactions at Western Digital

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

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.