Callan Family Office LLC Has $1.47 Million Stake in Western Digital Corporation $WDC

Callan Family Office LLC lowered its holdings in Western Digital Corporation (NASDAQ:WDC) by 15.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,203 shares of the data storage provider’s stock after selling 2,151 shares during the period. Callan Family Office LLC’s holdings in Western Digital were worth $1,465,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WDC. ORG Partners LLC grew its position in Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Private Wealth Management Group LLC lifted its position in shares of Western Digital by 102.5% during the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock valued at $26,000 after acquiring an additional 202 shares during the period. Rakuten Securities Inc. lifted its position in shares of Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 407 shares during the period. NewSquare Capital LLC grew its holdings in shares of Western Digital by 86.9% during the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 204 shares during the period. 92.51% of the stock is owned by institutional investors.

Key Western Digital News

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

• Positive Sentiment: Board approved an additional $4 billion share repurchase program, signaling strong capital-return intent and likely supporting near-term demand for shares. Reuters: Western Digital adds $4 billion to buyback plan
• Positive Sentiment: Company held Innovation Day and unveiled an AI-focused storage roadmap (path to 100TB+ HDDs, UltraSMR adoption) and rebranded to “WD,” reinforcing its strategic role in AI data infrastructure. BusinessWire: Western Digital Accelerates Storage Innovation
• Positive Sentiment: Recent results and guidance confirm strong demand: solid Q2 revenue/EPS and the broader “memory supercycle” thesis (AI training & storage needs) that supports durable end-market growth for high-capacity HDDs. MarketBeat: The Memory Supercycle Is Here
• Positive Sentiment: Analysts are raising targets and reiterating buys (examples: Mizuho and Rosenblatt with $340 PTs), adding upward pressure to sentiment and fueling momentum. The Fly: Price target raised at Mizuho
• Neutral Sentiment: SanDisk (spun off from WDC) is rallying dramatically, highlighting a broader memory-led rotation into AI hardware; that thematic lift helps WDC but also concentrates sector exposure and volatility risk. MarketBeat: Sandisk’s Swings Are Getting Bigger
• Neutral Sentiment: Macro/policy pieces (U.S. push to secure critical-mineral supply chains) could be supportive for domestic supply stability over time but are not an immediate stock catalyst. MarketBeat: Trump administration pushes critical minerals plan
• Negative Sentiment: CEO Irving Tan sold 20,000 shares (~3.1% reduction in his disclosed position), a near-term negative signal that may have contributed to profit-taking despite his remaining large stake. SEC filing: Insider sale disclosure

Insider Buying and Selling at Western Digital

In related news, Director Roxanne Oulman sold 1,800 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total value of $277,956.00. Following the sale, the director owned 3,863 shares of the company’s stock, valued at $596,524.46. The trade was a 31.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cynthia L. Tregillis sold 2,801 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $160.57, for a total value of $449,756.57. Following the completion of the sale, the insider owned 144,596 shares of the company’s stock, valued at $23,217,779.72. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,816 shares of company stock worth $6,211,148 in the last three months. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Western Digital from $240.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Benchmark upped their price target on shares of Western Digital from $115.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings raised shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Argus set a $300.00 price objective on shares of Western Digital in a research report on Tuesday. Finally, Wedbush raised their target price on Western Digital from $260.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, January 30th. 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 company. Based on data from MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.25.

Western Digital Price Performance

Western Digital stock opened at $269.41 on Thursday. The stock has a 50-day moving average price of $200.92 and a two-hundred day moving average price of $141.50. Western Digital Corporation has a 12 month low of $28.83 and a 12 month high of $296.50. The company has a market capitalization of $91.34 billion, a PE ratio of 27.02, a P/E/G ratio of 0.75 and a beta of 1.80. 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 (NASDAQ:WDC) last released its quarterly earnings data 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. 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 was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 earnings per share. Analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

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

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.