Western Digital Corporation $WDC Shares Acquired by LGT Group Foundation

LGT Group Foundation lifted its position in shares of Western Digital Corporation (NASDAQ:WDC) by 330.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 175,517 shares of the data storage provider’s stock after buying an additional 134,760 shares during the period. LGT Group Foundation owned 0.05% of Western Digital worth $22,921,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Addison Advisors LLC raised its holdings in Western Digital by 7.1% in the 3rd quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock valued at $154,000 after acquiring an additional 85 shares during the last quarter. Pure Financial Advisors LLC lifted its stake in shares of Western Digital by 3.1% during the 3rd quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock worth $430,000 after purchasing an additional 107 shares during the period. Bogart Wealth LLC boosted its holdings in shares of Western Digital by 57.7% during the third quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock worth $37,000 after purchasing an additional 113 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Western Digital by 3.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock worth $465,000 after purchasing an additional 114 shares during the last quarter. Finally, ORG Partners LLC grew its position in shares of 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 period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Trading Down 5.3%

NASDAQ WDC opened at $245.25 on Monday. The stock has a market cap of $83.15 billion, a P/E ratio of 24.60, a PEG ratio of 0.56 and a beta of 1.76. The company’s fifty day simple moving average is $246.38 and its 200-day simple moving average is $173.21. 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 52 week low of $28.83 and a 52 week high of $309.90.

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

Western Digital Dividend Announcement

The firm 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 is Thursday, March 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. Western Digital’s payout ratio is 5.02%.

Western Digital News Roundup

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

• Positive Sentiment: Company completed the spin?off of its flash business and repositioned as a pure?play HDD supplier, reportedly selling a ~$3.1B stake and securing long?term hyperscaler agreements that fully book HDD production through at least 2028 — this improves cash, reduces leverage and gives multi?year revenue visibility. Western Digital Bets On Pure HDD Future With Hyperscaler AI Demand
• Positive Sentiment: Management and analysts highlight sold?out nearline/HDD capacity for 2026 and guidance pointing to material revenue and margin expansion driven by AI (video, large?model data), underpinning a structural re?rating story. Western Digital: AI’s Unsung Storage Backbone
• Neutral Sentiment: Options flow and institutional activity show heightened trading interest — large option bets and increased analyst coverage keep liquidity high but also increase short?term volatility. Western Digital’s Options: A Look at What the Big Money is Thinking
• Neutral Sentiment: Consumer retail promotions and pricing anomalies (e.g., SSD deals) create short?term retail noise but have limited impact on the enterprise HDD thesis that’s driving the stock. This 2TB WD SN850X is cheaper from Walmart than the equivalent 1TB model in a strange deal
• Negative Sentiment: Multiple insider sales were disclosed (senior execs sold shares on March 4), which can sap near?term sentiment even if sales are for diversification; investors often view clustered executive selling as a caution flag. Western Digital (NASDAQ:WDC) Insider Sells $2,501,349.48 in Stock
• Negative Sentiment: Analysts warn of valuation and cyclical peak risk — some argue recent gains price in peak AI storage demand and a pullback or normalization in hyperscaler buying could trigger downside. Market anxiety after a very large prior run (and a recent sharp sell?off episode) contributes to heavier profit?taking. Western Digital: Strong AI Tailwinds, But Valuation Signals Cyclical Peak Risk What Drove WDC Stock’s Historic 490% Jump

Analysts Set New Price Targets

WDC has been the subject of several analyst reports. Barclays upped their target price on Western Digital from $240.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Wall Street Zen downgraded shares of Western Digital from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. China Renaissance initiated coverage on shares of Western Digital in a report on Friday, December 5th. They set a “buy” rating and a $193.00 price objective on the stock. The Goldman Sachs Group set a $250.00 target price on shares of Western Digital in a research report on Tuesday, February 3rd. Finally, Susquehanna restated a “neutral” rating and issued a $285.00 target price on shares of Western Digital in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $265.58.

Insiders Place Their Bets

In related news, insider Cynthia L. Tregillis sold 9,324 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider owned 121,682 shares of the company’s stock, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $255.44, for a total value of $5,108,800.00. Following the sale, the chief executive officer owned 623,586 shares of the company’s stock, valued at approximately $159,288,807.84. This trade represents a 3.11% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 84,277 shares of company stock worth $22,091,068. 0.18% of the stock is owned by insiders.

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.