Western Digital Corporation $WDC Position Increased by Cibc World Market Inc.

Cibc World Market Inc. boosted its holdings in Western Digital Corporation (NASDAQ:WDC) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,734 shares of the data storage provider’s stock after buying an additional 2,746 shares during the quarter. Cibc World Market Inc.’s holdings in Western Digital were worth $5,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ORG Partners LLC grew its holdings in shares of Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 204 shares during the period. Grove Bank & Trust purchased a new position in Western Digital in the 3rd quarter worth about $30,000. Westfuller Advisors LLC acquired a new stake in Western Digital during the 3rd quarter worth about $30,000. Finally, Cornerstone Planning Group LLC lifted its stake in Western Digital by 207.0% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after buying an additional 178 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In related news, Director Kimberly Alexy sold 1,768 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total transaction of $272,272.00. Following the transaction, the director owned 3,585 shares of the company’s stock, valued at approximately $552,090. This trade represents a 33.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cynthia L. Tregillis sold 6,780 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $270.49, for a total transaction of $1,833,922.20. Following the completion of the sale, the insider directly owned 136,538 shares of the company’s stock, valued at $36,932,163.62. This represents a 4.73% 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 70,522 shares of company stock valued at $17,661,708 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Western Digital Trading Down 0.9%

Shares of NASDAQ:WDC opened at $281.58 on Friday. The firm has a fifty day moving average of $216.93 and a two-hundred day moving average of $151.62. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $307.50. The firm has a market capitalization of $95.47 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 0.65 and a beta of 1.80.

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

Western Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be paid a $0.125 dividend. 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 payout ratio is presently 5.02%.

Key Western Digital News

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

• Positive Sentiment: Market recognition of WDC’s rally — coverage highlights WDC as the second-best performer in the S&P 500 for 2026 so far, underscoring momentum and investor interest in the stock. Read More.
• Positive Sentiment: Bullish investment thesis on AI storage upside — deep-dive pieces argue WDC is capturing enormous AI-driven demand, framing the recent gains as part of a multi-year opportunity. Read More.
• Positive Sentiment: Analyst momentum — WDC is appearing on Zacks’ Rank #1 (Strong Buy) lists and their best-growth lists, which can attract buy-side flows and momentum investors. Read More.
• Positive Sentiment: Positive media narratives around AI demand and product relevance — multiple outlets profile WDC as a critical supplier in the AI megatrend, reinforcing the growth story. Read More.
• Neutral Sentiment: Investor access / upcoming presentation — WDC will present at the Morgan Stanley TMT Conference on March 3; the webcast gives management a chance to update investors and could influence guidance/expectations. Read More.
• Negative Sentiment: Valuation and risk warnings after a massive rally — analysts note a ~300%+ one-year gain and ask whether risks (cyclical demand, supply, buyback sustainability, valuation) are building, which can prompt profit-taking and increased short-term volatility. Read More.

Analyst Ratings Changes

Several research analysts have recently weighed in on WDC shares. Truist Financial set a $310.00 target price on shares of Western Digital in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Western Digital from $94.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Rosenblatt Securities reiterated a “buy” rating and set a $340.00 price objective on shares of Western Digital in a research report on Wednesday, February 4th. Bank of America increased their target price on Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Argus set a $300.00 price target on Western Digital in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $265.58.

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.