HB Wealth Management LLC Has $1.70 Million Stake in Western Digital Corporation $WDC

HB Wealth Management LLC lifted its stake in Western Digital Corporation (NASDAQ:WDC) by 23.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,838 shares of the data storage provider’s stock after purchasing an additional 1,840 shares during the quarter. HB Wealth Management LLC’s holdings in Western Digital were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Western Digital by 12.3% during 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 purchasing an additional 5,731 shares during the period. LBP AM SA acquired a new stake in shares of Western Digital during the third quarter worth approximately $641,000. AustralianSuper Pty Ltd acquired a new stake in shares of Western Digital during the third quarter worth approximately $34,244,000. NorthCrest Asset Manangement LLC boosted its holdings in shares of Western Digital by 75.4% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after purchasing an additional 4,068 shares during the period. Finally, Cantor Fitzgerald L. P. boosted its holdings in shares of Western Digital by 399.8% during the third quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after purchasing an additional 25,987 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

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 that occurred 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 sale, the chief executive officer directly owned 623,586 shares in the company, valued at $159,288,807.84. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of Western Digital stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the completion of the sale, the insider owned 99,276 shares of the company’s stock, valued at $25,347,148.32. This trade represents a 7.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 92,711 shares of company stock valued at $24,300,404 over the last three months. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on WDC. Evercore raised their price target on shares of Western Digital from $378.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. New Street Research set a $250.00 price target on shares of Western Digital in a report on Tuesday, February 3rd. Robert W. Baird set a $310.00 price target on shares of Western Digital in a report on Monday, February 2nd. TD Cowen raised their price target 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. Finally, Zacks Research cut shares of Western Digital from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $310.79.

Western Digital Price Performance

NASDAQ WDC opened at $404.00 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $136.97 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 0.85 and a beta of 1.77. The company has a 50 day moving average price of $304.49 and a two-hundred day moving average price of $225.85. Western Digital Corporation has a 12-month low of $39.90 and a 12-month high of $416.37.

Western Digital (NASDAQ:WDC) last posted its 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. The firm 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%. The company’s revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.77 earnings per share. As a group, equities analysts predict that Western Digital Corporation will post 8.52 earnings per share for the current fiscal year.

Western Digital Announces Dividend

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

Trending Headlines about Western Digital

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

• Positive Sentiment: Barclays bumped its price target to $405 and kept an Overweight rating, a high‑profile upgrade that likely triggered buy orders and helped lift sentiment. Barclays Raises its Price Target on Western Digital (WDC) to $405
• Positive Sentiment: Analyst upgrades and price‑target raises from multiple banks (JPMorgan, Morgan Stanley, BofA, etc.) alongside expectations for an earnings beat have amplified buying ahead of WDC’s late‑April print. Analysts lift price targets ahead of late‑April earnings
• Positive Sentiment: Market narrative: strong AI/datacenter storage demand is supporting HDD/SSD pricing and margins — a theme that has propelled WDC to large YTD gains as investors reposition into “AI infrastructure” names. Western Digital Stock Is Up 135% This Year – Here’s Why
• Positive Sentiment: Memory‑themed ETF inflows and sector momentum (Micron and peers rallying) are boosting demand for large‑cap exposure to storage, indirectly supporting WDC’s multiple. Memory ETF hits $1B AUM
• Neutral Sentiment: Western Digital published its FY2025 Sustainability Report highlighting energy and recycled‑content initiatives — positive for ESG positioning but with limited immediate revenue impact. Western Digital ESG Progress Puts Sustainability In Focus
• Neutral Sentiment: Insider transactions disclose small, pre‑arranged sales (Rule 10b5‑1) — routine and not signaling management panic, though often monitored by investors. Cynthia Tregillis Sells 363 Shares
• Negative Sentiment: Valuation and momentum risk: rapid gains to new 52‑week highs leave WDC’s multiple extended — a disappointment in AI demand or margins could trigger a sharp pullback. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52‑Week High?
• Negative Sentiment: Competitive/structural risks: differences between NAND‑focused peers and HDD exposure mean longer‑term market dynamics could favor some competitors, potentially capping WDC’s longer‑term multiple. SanDisk vs. Western Digital

Western Digital Company 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.