CWA Asset Management Group LLC Makes New $294,000 Investment in Western Digital Corporation $WDC

CWA Asset Management Group LLC purchased a new stake in Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,707 shares of the data storage provider’s stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC increased its holdings in Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after buying an additional 407 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after buying an additional 204 shares during the last quarter. Grove Bank & Trust acquired a new position in shares of Western Digital during the 3rd quarter worth about $30,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Western Digital during the 3rd quarter worth about $30,000. 92.51% of the stock is currently owned by institutional investors.

Western Digital Trading Up 2.1%

NASDAQ:WDC opened at $301.05 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The business’s 50-day simple moving average is $269.02 and its 200-day simple moving average is $190.51. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $319.62. The stock has a market capitalization of $102.07 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 0.68 and a beta of 1.76.

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, topping analysts’ consensus estimates of $1.93 by $0.20. The business had revenue of $3.02 billion during 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%.Western Digital’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.77 EPS. Sell-side analysts expect that Western Digital Corporation will post 4.89 earnings per share 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 given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. Western Digital’s dividend payout ratio is currently 5.02%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Mizuho boosted their price objective on shares of Western Digital to $340.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. China Renaissance started coverage on shares of Western Digital in a research note on Friday, December 5th. They issued a “buy” rating and a $193.00 target price for the company. The Goldman Sachs Group set a $250.00 target price on shares of Western Digital in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.58.

Insider Activity at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 623,586 shares in the company, valued at $159,288,807.84. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of the business’s stock in a transaction 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 directly owned 99,276 shares in the company, valued at $25,347,148.32. This represents a 7.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 92,795 shares of company stock valued at $24,265,884. Insiders own 0.18% of the company’s stock.

More Western Digital News

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

• Positive Sentiment: Fundamentals: WDC’s January quarter beat estimates (EPS and revenue) and showed strong revenue growth and margins, giving investors a fundamental reason to bid the stock higher.
• Positive Sentiment: AI/storage tailwind: Analysts and market writeups highlight memory & storage stocks benefiting from the AI build‑out, a structural demand driver that supports further upside for WDC. Why Memory Stocks Are Winning the AI Boom While Big Tech Struggles
• Positive Sentiment: Analyst / media bullishness: Recent pieces laying out reasons WDC could keep climbing add to positive sentiment and attract momentum buyers. 2 Reasons Why Western Digital Stock Could Keep Climbing In 2026
• Positive Sentiment: Market reaction coverage: Market headlines pointing out WDC’s intraday gain help reinforce buying interest. Western Digital (WDC) Increases Despite Market Slip: Here’s What You Need to Know
• Neutral Sentiment: Short‑interest reporting appears unreliable: several feeds flagged a “large increase” in short interest but the numeric entries show zeros/NaN — this looks like a data glitch and shouldn’t be read as a true short‑squeeze signal.
• Neutral Sentiment: Volume and retail signals: Today’s advance occurred on below‑average volume, and isolated retail discounts (e.g., a WD Elements promo) are unlikely to materially change demand trends. Western Digital WD Elements Desktop External Hard Drive drops to $548.25
• Negative Sentiment: Valuation & positioning risk: WDC is trading near its highs and at an elevated P/E versus historical levels — that raises pullback risk if AI demand growth or margin assumptions disappoint.

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.