Norden Group LLC Makes New $8.14 Million Investment in Western Digital Corporation $WDC

Norden Group LLC acquired a new stake in Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 47,255 shares of the data storage provider’s stock, valued at approximately $8,141,000. Western Digital accounts for 0.8% of Norden Group LLC’s portfolio, making the stock its 19th largest holding.

A number of other large investors also recently made changes to their positions in WDC. 44 Wealth Management LLC raised its stake in Western Digital by 0.8% in the 3rd quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock worth $1,120,000 after purchasing an additional 78 shares in the last quarter. Addison Advisors LLC boosted its stake in Western Digital by 7.1% in the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock valued at $154,000 after buying an additional 85 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in Western Digital by 47.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 300 shares of the data storage provider’s stock valued at $52,000 after buying an additional 97 shares in the last quarter. Pure Financial Advisors LLC raised its position in Western Digital by 3.1% in the third quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock valued at $430,000 after purchasing an additional 107 shares during the last quarter. Finally, Bogart Wealth LLC raised its holdings in Western Digital by 57.7% in the 3rd quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock valued at $37,000 after buying an additional 113 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Trading Down 7.7%

NASDAQ:WDC opened at $273.35 on Friday. 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 firm has a 50-day moving average of $271.67 and a 200-day moving average of $191.82. The company has a market cap of $92.68 billion, a PE ratio of 27.42, a PEG ratio of 0.68 and a beta of 1.76. Western Digital Corporation has a one year low of $28.83 and a one year high of $319.62.

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

Western Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, March 5th. Western Digital’s dividend payout ratio (DPR) is currently 5.02%.

Western Digital News Summary

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

• Positive Sentiment: Long-term customer contracts extend visibility into AI/hyperscale demand and improve revenue predictability, supporting WDC’s growth narrative. Western Digital’s Long Contracts Recast AI Storage Growth And Valuation
• Positive Sentiment: Analyst pieces highlight WDC’s AI/cloud exposure and superior cash returns versus peers (NetApp), reinforcing a buy case that could limit downside in a pullback. Western Digital Riding on AI & Cloud Boom to Power Growth
• Positive Sentiment: Technical flow: a “power inflow” signal near $278 helped an intraday rebound (about +3%), showing short-term buying interest that can cushion volatility. Western Digital Shares Rebound, Climb 3% After Key Trading Signal
• Neutral Sentiment: Broker/industry notes that memory prices could spike (benefiting suppliers), but firm-specific exposure and product mix will determine how much WDC captures any rally. Memory Prices Could Spike More Than 100%: Buy Micron Stock Here
• Neutral Sentiment: Comparative coverage (Micron vs. Western Digital) underscores different exposure (memory vs. high-capacity drives); useful context but not an immediate catalyst for WDC alone. Micron (MU) vs Western Digital (WDC): Which AI Infrastructure Stock Offers Better Value?
• Negative Sentiment: Google’s TurboQuant — an algorithm that can materially cut AI memory requirements — prompted investor re‑assessment of long‑run hardware demand, putting pressure on memory/storage names including WDC. Google TurboQuant Puts Western Digital AI Storage Growth In Focus
• Negative Sentiment: Sector reaction: memory chip stocks fell sharply after TurboQuant news, reflecting short-term risk that AI efficiency gains could reduce near‑term demand forecasts for suppliers. Memory Chip Stocks Drop 6% as Google Unveils AI Efficiency Algorithm

Insider Buying and Selling

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the transaction, the chief executive officer directly owned 623,586 shares in the company, valued at approximately $159,288,807.84. This trade represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the transaction, the insider directly owned 121,682 shares in the company, valued at $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 92,795 shares of company stock worth $24,265,884 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WDC. Susquehanna reaffirmed a “neutral” rating and issued a $285.00 price objective on shares of Western Digital in a research note on Friday, February 6th. Evercore restated an “outperform” rating and set a $230.00 price target on shares of Western Digital in a report on Friday, January 16th. Wall Street Zen downgraded shares of Western Digital from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. The Goldman Sachs Group set a $250.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.58.

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.