GC Wealth Management RIA LLC Has $592,000 Position in Western Digital Corporation $WDC

GC Wealth Management RIA LLC cut its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 72.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,437 shares of the data storage provider’s stock after selling 8,826 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Western Digital were worth $592,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Avion Wealth increased its holdings in shares of Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. ORG Partners LLC grew its stake in Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Concord Wealth Partners acquired a new position in Western Digital in the 4th quarter valued at about $41,000. Cullen Frost Bankers Inc. grew its stake in 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 buying an additional 204 shares during the last quarter. Finally, Westfuller Advisors LLC acquired a new position in Western Digital in the 3rd quarter valued at about $30,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Western Digital Stock Performance

Shares of NASDAQ:WDC opened at $434.52 on Friday. The company’s 50 day moving average price is $314.33 and its two-hundred day moving average price is $233.19. Western Digital Corporation has a 12-month low of $43.60 and a 12-month high of $441.99. The firm has a market cap of $147.32 billion, a PE ratio of 43.58, a PEG ratio of 0.86 and a beta of 1.77. 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 (NASDAQ:WDC) last announced 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. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the business posted $1.77 EPS. The business’s revenue was up 25.2% compared to the same quarter last year. Equities research analysts predict that Western Digital Corporation will post 8.61 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.15 per share. This is an increase from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s payout ratio is currently 5.02%.

Wall Street Analysts Forecast Growth

WDC has been the topic of a number of research reports. Truist Financial set a $310.00 price target on shares of Western Digital in a research note on Tuesday, February 3rd. The Goldman Sachs Group set a $250.00 price target on shares of Western Digital in a research note on Tuesday, February 3rd. Susquehanna reiterated a “neutral” rating and issued a $285.00 price target on shares of Western Digital in a research note on Friday, February 6th. TD Cowen upped their price objective on Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Western Digital in a report on Monday. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $332.00.

Key Western Digital News

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

• Positive Sentiment: WDC beat Q3 estimates (EPS $2.72 vs. ~ $2.34–2.41) and reported revenue growth of ~45%, with conference materials and a slide deck available — results underpin the rally and justify re-rating on stronger profitability. MarketBeat Press Release / Slide Deck
• Positive Sentiment: Management guided Q4 EPS to $3.10–3.40 and revenue roughly $3.6–3.8B, above consensus — signaling sustained pricing power from enterprise AI storage demand. Reuters: WDC forecasts revenue above estimates
• Positive Sentiment: Peer signals: SanDisk and Seagate also flagged strong AI-related demand and higher revenue outlooks, giving sector-level validation that hyperscaler capex is driving near-term HDD/SSD consumption. Reuters: SanDisk joins peers signaling AI demand
• Positive Sentiment: Sector momentum from Seagate’s blowout results lifted investor appetite for WDC ahead of and after the print — reinforcing a near-term “picks-and-shovels” trade into storage suppliers. 247WallSt: HDD trade lifts WDC & STX
• Neutral Sentiment: Analysts remain constructive (some raised price targets; institutional notes like Bank of America were bullish), but consensus estimates were elevated into the print — meaning future upside depends on execution and whether demand stays strong. Barchart: Analysts bullish ahead of earnings
• Negative Sentiment: Despite the beat and upbeat guidance, some traders sold into the news — headlines and TV coverage called it a “buy the rumor, sell the news” episode after WDC’s large prior gains, producing intraday pullbacks. MarketWatch: Stock slides despite earnings beat
• Negative Sentiment: Several outlets noted late-day slips and profit-taking after the print; elevated valuation and very large short- and long-term moves increase volatility risk for investors entering new positions now. Yahoo Finance: Stock slips late despite beat

Insider Buying and Selling

In other news, insider Vidyadhara K. Gubbi sold 8,518 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the sale, the insider directly owned 99,276 shares of the company’s stock, valued at approximately $25,347,148.32. This represents a 7.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cynthia L. Tregillis sold 363 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $377.09, for a total value of $136,883.67. Following the sale, the insider directly owned 120,023 shares in the company, valued at approximately $45,259,473.07. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 92,711 shares of company stock valued at $24,300,404. Company insiders own 0.18% of the company’s stock.

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.