5,469 Shares in Western Digital Corporation $WDC Acquired by Providence First Trust Co

Providence First Trust Co acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,469 shares of the data storage provider’s stock, valued at approximately $942,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ORG Partners LLC increased its stake in shares of Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 204 shares in the last quarter. Westfuller Advisors LLC bought a new stake in Western Digital in the third quarter worth $30,000. Finally, Avion Wealth increased its position in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after buying an additional 113 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the transaction, the chief executive officer owned 598,150 shares in the company, valued at approximately $246,342,096. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 363 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $377.09, for a total transaction of $136,883.67. Following the transaction, the insider directly owned 120,023 shares of the company’s stock, valued at $45,259,473.07. This represents a 0.30% decrease in their position. 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. Insiders have sold 97,385 shares of company stock worth $29,499,874 in the last ninety days. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their target price on Western Digital from $335.00 to $500.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley reissued an “overweight” rating and set a $488.00 price objective on shares of Western Digital in a report on Friday. Wedbush reissued an “outperform” rating and issued a $325.00 price objective on shares of Western Digital in a research note on Monday, February 9th. Argus set a $300.00 target price on Western Digital in a report on Tuesday, February 3rd. Finally, Rosenblatt Securities upped their target price on Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.83.

Key Western Digital News

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

• Positive Sentiment: Q3 beat and upbeat guidance — WDC reported a Q3 EPS beat and raised its Q4 FY2026 EPS range, showing strong margin expansion and accelerating revenue tied to AI/data-center demand. Western Digital Stock Surges After Q3 Beat
• Positive Sentiment: Analyst bullishness & higher price targets — Multiple outlets and analysts have lifted targets (including big calls toward the $500+ area), reinforcing momentum and giving investors upside conviction. AI Boom Drives Western Digital Toward $500 Target
• Positive Sentiment: Dividend hike & valuation narratives — Coverage highlights a 20% dividend increase and improved valuation metrics tied to AI storage demand, attracting income and growth investors. Western Digital Valuation Check
• Positive Sentiment: Sector tailwind from SanDisk’s breakout — SanDisk (spun off from WDC) has surged, underscoring strong demand for memory/storage in AI data centers and supporting bullish sentiment across storage peers. SanDisk Spun Off From Western Digital
• Neutral Sentiment: Investor events & conference appearance — WDC presented at Barclays’ conference (transcript available), which helps transparency and investor outreach but is informational rather than catalytic. Barclays Conference Transcript
• Neutral Sentiment: Media coverage & screening interest — Multiple “is it a buy?” and trending-stock writeups (Zacks, Yahoo) are increasing visibility but don’t by themselves change fundamentals. Is Wall Street Bullish or Bearish on WDC?
• Negative Sentiment: Insider selling — CEO Irving Tan sold 20,000 shares under a pre-arranged Rule 10b5-1 plan (filing available); while planned sales are common and he retains a large stake, markets often view insider selling as a modest negative signal. Irving Tan SEC Filing
• Negative Sentiment: Additional insider sale — Insider Vidyadhara K. Gubbi sold 4,674 shares; another small reduction in insider holdings that may be noted by investors. V. Gubbi SEC Filing

Western Digital Stock Up 5.2%

Shares of NASDAQ:WDC opened at $465.26 on Wednesday. The business has a 50 day moving average price of $317.92 and a 200 day moving average price of $237.27. The company has a market cap of $160.37 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 0.91 and a beta of 2.10. Western Digital Corporation has a twelve month low of $43.60 and a twelve month high of $480.11.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Analysts anticipate that Western Digital Corporation will post 8.68 EPS for the current year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a $0.15 dividend. This is a boost 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 dividend on an annualized basis and a yield of 0.1%. Western Digital’s payout ratio is currently 2.99%.

Western Digital Company 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.