Everhart Financial Group Inc. Increases Stock Holdings in Western Digital Corporation $WDC

Everhart Financial Group Inc. boosted its stake in Western Digital Corporation (NASDAQ:WDC) by 35.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,568 shares of the data storage provider’s stock after acquiring an additional 3,277 shares during the quarter. Everhart Financial Group Inc.’s holdings in Western Digital were worth $2,165,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WDC. Vanguard Group Inc. boosted its stake in shares of Western Digital by 0.6% in the third quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock valued at $5,196,484,000 after purchasing an additional 243,177 shares during the period. WCM Investment Management LLC purchased a new stake in Western Digital during the 3rd quarter worth $791,317,000. Holocene Advisors LP increased its stake in Western Digital by 8.5% during the 2nd quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock worth $354,247,000 after buying an additional 431,419 shares during the period. Northern Trust Corp lifted its holdings in Western Digital by 11.2% in the 3rd quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock worth $456,884,000 after buying an additional 384,103 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Western Digital by 11.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock valued at $456,737,000 after buying an additional 402,981 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Trading Down 7.5%

Western Digital stock opened at $293.10 on Friday. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $319.62. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $99.37 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 0.73 and a beta of 1.76. The firm has a 50-day moving average price of $265.63 and a two-hundred day moving average price of $186.16.

Western Digital (NASDAQ:WDC) last posted its earnings results 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 firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.77 EPS. Sell-side analysts expect that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital’s dividend payout ratio is presently 5.02%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WDC shares. Bank of America raised their price objective on Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Wall Street Zen lowered Western Digital from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings upgraded Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Susquehanna reissued a “neutral” rating and set a $285.00 price target on shares of Western Digital in a research report on Friday, February 6th. Finally, TD Cowen lifted their price target on shares of Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $265.58.

Western Digital News Summary

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

• Positive Sentiment: Hyperscaler partnerships are strengthening revenue visibility for fiscal 2026 and support Western Digital’s high-capacity storage roadmap for AI/data-center customers — a demand-side fundamental that underpins longer-term sales growth. Western Digital’s Hyperscaler Momentum Boosts Revenue Visibility
• Positive Sentiment: Technical momentum remains constructive — analysts and chart watchers cite a recent golden-cross (50-day SMA crossing above 200-day SMA), which can attract trend-following capital and support the stock on pullbacks. These 2 Data Storage Stocks Just Flashed Golden Crosses
• Neutral Sentiment: Valuation and momentum are now front-and-center — recent outsized gains have left investors parsing whether current prices already reflect near-term demand upside; some coverage frames current moves as momentum-driven rather than news-driven. Western Digital (WDC) Valuation Check After Strong Recent Share Price Momentum
• Negative Sentiment: Profit-taking and a “reset” in expectations after the AI-driven run-up appear to be the immediate catalysts; a recent conference presentation was treated by some traders as a sell-the-news event rather than a fresh demand surprise. Additionally, management’s move to monetize remaining SanDisk stake (cash-raising to reduce debt) may be viewed as balance-sheet cleanup rather than an earnings accelerator. Heavy insider selling (many recent open-market sales, few/zero purchases) adds to negative perception. Western Digital (WDC) slides as investors extend a pullback after a sharp AI-driven run-up

Insider Buying and Selling at Western Digital

In related news, insider Cynthia L. Tregillis sold 9,324 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the sale, the insider directly owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total value of $9,616,638.18. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 92,795 shares of company stock worth $24,265,884. Company insiders own 0.18% of the company’s stock.

About Western Digital

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.