Three Seasons Wealth LLC Purchases New Position in Western Digital Corporation $WDC

Three Seasons Wealth LLC bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, Holdings Channel.com reports. The fund bought 8,368 shares of the data storage provider’s stock, valued at approximately $1,442,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Western Digital by 157.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 43,392 shares of the data storage provider’s stock valued at $8,145,000 after purchasing an additional 26,531 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Western Digital by 4.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 135,075 shares of the data storage provider’s stock worth $23,269,000 after buying an additional 5,875 shares during the period. Private Advisory Group LLC acquired a new position in Western Digital during the fourth quarter worth approximately $1,254,000. Clarius Group LLC purchased a new stake in Western Digital in the fourth quarter valued at approximately $282,000. Finally, Northwest Wealth Management LLC boosted its holdings in shares of Western Digital by 43.1% in the fourth quarter. Northwest Wealth Management LLC now owns 2,482 shares of the data storage provider’s stock valued at $428,000 after acquiring an additional 748 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Sanford C. Bernstein upgraded WDC to Outperform and doubled its price target (to ~$340), calling the recent sector selloff an overreaction and framing WDC as an attractive entry after the pullback. This upgrade and higher target are driving buy-side interest and price-target-driven flows. Bernstein Upgrade
• Positive Sentiment: Bernstein and other bullish notes argue the recent algorithmic dumping in storage presents a buying opportunity; that narrative is attracting dip-buyers into WDC and peers. Blockonomi
• Positive Sentiment: Operational/market proof points: a vendor (JetStor) announced an 80PB archive deployment using WD Ultrastar drives — a tangible data-center win that supports demand for high-capacity HDDs. JetStor Win
• Neutral Sentiment: Technical/product roadmap: coverage notes highlight WDC’s investment in next-gen HAMR and ePMR drives as a potential longer-term edge for capacity, margins and data-center share — a structural positive but not an immediate price mover. Zacks HAMR/ePMR
• Neutral Sentiment: Longer-term context pieces (10‑year return comparisons) and “buy the dip” commentary are circulating; useful for framing investor sentiment but not new fundamental news. 24/7 Wall St.
• Negative Sentiment: Google’s announcement of TurboQuant and related compression research has renewed concerns that algorithmic advances could reduce near-term demand for raw memory/storage capacity, triggering algorithmic/quant-driven selling across the group. That narrative pressured peers and contributed to recent volatility. TheStreet on TurboQuant
• Negative Sentiment: Sector chill: broader “memory trade” coverage notes and data show the high-momentum memory/storage rally has cooled, which can trigger profit-taking in WDC after a strong run. Investopedia
• Negative Sentiment: Insider selling and large recent institutional rebalancing (documented in market data) are being cited by some commentary as a headwind that could limit near-term upside if selling persists. QuiverQuant analysis

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WDC shares. Truist Financial set a $310.00 target price on shares of Western Digital in a research report on Tuesday, February 3rd. Wells Fargo & Company increased their price target on shares of Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. UBS Group set a $306.00 price objective on shares of Western Digital in a research report on Friday, January 30th. Argus set a $300.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Finally, New Street Research set a $250.00 target price on shares of Western Digital in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and a consensus target price of $275.75.

Western Digital Price Performance

Western Digital stock opened at $270.49 on Wednesday. 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 business has a 50 day simple moving average of $274.30 and a 200-day simple moving average of $196.78. Western Digital Corporation has a 12 month low of $28.83 and a 12 month high of $319.62. The stock has a market capitalization of $91.71 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data 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. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. Western Digital’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period last year, the firm posted $1.77 EPS. Equities analysts predict that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.125 per share. 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 payout ratio is 5.02%.

Insider Activity

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction that occurred on 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 sale, the insider owned 121,682 shares of the company’s stock, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total value of $9,616,638.18. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 92,795 shares of company stock valued at $24,265,884. Company insiders own 0.18% of the company’s stock.

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.