Western Digital Corporation $WDC Stock Holdings Raised by Net Worth Advisory Group

Net Worth Advisory Group lifted its holdings in Western Digital Corporation (NASDAQ:WDC) by 196.3% during the third quarter, HoldingsChannel reports. The firm owned 2,723 shares of the data storage provider’s stock after purchasing an additional 1,804 shares during the period. Net Worth Advisory Group’s holdings in Western Digital were worth $1,260,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Handelsbanken Fonder AB boosted its holdings in Western Digital by 71.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock valued at $147,275,000 after purchasing an additional 96,078 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Western Digital during the 2nd quarter worth about $19,694,000. NewEdge Wealth LLC acquired a new position in shares of Western Digital during the second quarter valued at about $14,466,000. OneAscent Financial Services LLC acquired a new position in shares of Western Digital during the second quarter valued at about $1,599,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Western Digital in the second quarter valued at about $8,307,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Key Stories Impacting Western Digital

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

• Positive Sentiment: AI and data-center rebound: Western Digital was among the S&P 500’s leading gainers as enthusiasm returned to AI-related stocks. Its hard-drive and data-storage products are viewed as beneficiaries of expanding AI infrastructure and data-center demand. Sandisk, Datadog, Amazon Lead S&P 500 As AI Stocks Rebound
• Positive Sentiment: Analyst sentiment improved: A Wall Street Zen report upgraded Western Digital to “Strong-Buy,” while other recent commentary presented the company as a potential value entry and identified it as an AI-related stock with substantial analyst upside. Wall Street Zen Upgrades Western Digital to Strong-Buy
• Positive Sentiment: Earnings are the next catalyst: Western Digital is scheduled to report fiscal first-quarter results late Thursday. Investors are looking for evidence that storage demand, pricing, and AI infrastructure spending remain strong. The company previously exceeded quarterly earnings and revenue expectations and has issued fiscal Q1 2027 EPS guidance of $3.85 to $4.15.
• Neutral Sentiment: Sector-wide focus on validation: This week’s technology earnings are expected to test whether heavy AI investment is translating into sustainable revenue and profits, making Western Digital’s upcoming report particularly relevant to memory and storage stocks. This Week’s Tech Earnings Could Be a Validation Moment for the AI Trade
• Negative Sentiment: Technical risk remains: Despite the rebound, Western Digital remains below its key moving averages after a steep decline the previous week. That leaves the stock vulnerable to further volatility if Thursday’s results or outlook disappoint. Sandisk, Datadog, Amazon Lead S&P 500 As AI Stocks Rebound

Western Digital Stock Performance

WDC opened at $352.21 on Tuesday. The firm has a market cap of $131.84 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 1.41 and a beta of 2.11. The firm’s 50-day simple moving average is $441.12 and its 200-day simple moving average is $478.99. Western Digital Corporation has a twelve month low of $117.23 and a twelve month high of $799.87.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.25. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The firm’s quarterly revenue was up 43.8% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, sell-side analysts anticipate that Western Digital Corporation will post 19.65 EPS for the current fiscal year.

Western Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th were paid a $0.15 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s payout ratio is 2.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WDC shares. The Goldman Sachs Group decreased their price target on shares of Western Digital from $650.00 to $615.00 in a research note on Thursday, August 6th. Cantor Fitzgerald upped their target price on shares of Western Digital from $660.00 to $900.00 in a research note on Thursday, August 6th. Rosenblatt Securities lowered their target price on shares of Western Digital from $900.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wedbush increased their price target on shares of Western Digital from $540.00 to $650.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, BNP Paribas Exane raised their price target on shares of Western Digital from $660.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $608.26.

Insider Transactions at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the sale, the chief executive officer directly owned 575,966 shares in the company, valued at approximately $256,287,591.02. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 1,795 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $459.87, for a total transaction of $825,466.65. Following the sale, the insider directly owned 80,571 shares in the company, valued at $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 24,629 shares of company stock valued at $11,033,404 in the last three months. 0.20% of the stock is owned by corporate insiders.

Western Digital Profile

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.