Chicago Partners Investment Group LLC Has $1.33 Million Holdings in Western Digital Corporation $WDC

Chicago Partners Investment Group LLC increased its stake in Western Digital Corporation (NASDAQ:WDC) by 21.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,698 shares of the data storage provider’s stock after purchasing an additional 1,359 shares during the period. Chicago Partners Investment Group LLC’s holdings in Western Digital were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WDC. WCM Investment Management LLC acquired a new position in Western Digital in the 3rd quarter worth $791,317,000. Fred Alger Management LLC boosted its position in 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 acquiring an additional 3,339,225 shares during the last quarter. Soroban Capital Partners LP boosted its position in 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 acquiring an additional 2,910,062 shares during the last quarter. Polar Capital Holdings Plc acquired a new position in Western Digital during the 3rd quarter worth approximately $221,800,000. Finally, AQR Capital Management LLC boosted its position in 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 acquiring an additional 784,645 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

More Western Digital News

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

Insider Activity

In related news, insider Cynthia L. Tregillis sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $377.09, for a total value of $136,883.67. Following the completion of the sale, the insider directly owned 120,023 shares in the company, valued at approximately $45,259,473.07. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the completion of the sale, the chief executive officer owned 623,586 shares of the company’s stock, valued at $159,288,807.84. This trade represents a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 92,711 shares of company stock valued at $24,300,404. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WDC. JPMorgan Chase & Co. upped their price target on Western Digital from $320.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Susquehanna reaffirmed a “neutral” rating and set a $285.00 price target on shares of Western Digital in a research report on Friday, February 6th. UBS Group upped their price target on Western Digital from $285.00 to $350.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Barclays increased their price objective on shares of Western Digital from $325.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Argus set a $300.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and an average price target of $310.79.

Western Digital Stock Performance

NASDAQ WDC opened at $404.00 on Monday. The company has a market cap of $136.97 billion, a PE ratio of 40.52, a PEG ratio of 0.85 and a beta of 1.77. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. Western Digital Corporation has a 12 month low of $39.90 and a 12 month high of $416.37. The stock has a 50 day moving average of $304.49 and a 200-day moving average of $226.59.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.93 by $0.20. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 EPS. On average, equities research analysts anticipate that Western Digital Corporation will post 8.52 EPS for the current fiscal year.

Western Digital Announces Dividend

The business 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. This represents a $0.50 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital’s dividend payout ratio is presently 5.02%.

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.