Sound Income Strategies LLC Sells 72,481 Shares of Western Digital Corporation $WDC

Sound Income Strategies LLC cut its holdings in Western Digital Corporation (NASDAQ:WDC) by 98.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,065 shares of the data storage provider’s stock after selling 72,481 shares during the quarter. Sound Income Strategies LLC’s holdings in Western Digital were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Western Digital by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after purchasing an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Western Digital by 229.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after acquiring an additional 967 shares during the period. Sivia Capital Partners LLC purchased a new stake in Western Digital in the second quarter worth $307,000. Cresset Asset Management LLC purchased a new stake in Western Digital in the second quarter worth $292,000. Finally, Federated Hermes Inc. lifted its stake in Western Digital by 55.3% in the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after acquiring an additional 845 shares during the period. 92.51% of the stock is owned by institutional investors.

Trending Headlines about Western Digital

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

• Positive Sentiment: Morgan Stanley raised its price target and kept an Overweight rating (and other broker positivity), supporting upside expectations for HDD demand and WDC’s shares. Morgan Stanley and Bernstein Positive on Western Digital (WDC)
• Positive Sentiment: Shares recently hit an all-time intraday high, reflecting strong momentum driven by AI/data-center storage demand and investor rotation into memory/storage names. Western Digital stock reaches all-time high at $334.48
• Positive Sentiment: Analysts expect robust Q3 fiscal results with double‑digit earnings growth, which supports the bull case that AI-driven capacity needs will keep revenue and margins healthy. Western Digital’s Q3 2026 Earnings: What to Expect
• Positive Sentiment: Some market commentary frames recent pullbacks (e.g., after TurboQuant headlines) as buying opportunities given strong AI-driven storage demand, suggesting contrarian upside for patient investors. Memory Wipe: The Great TurboQuant Miscalculation (WDC)
• Neutral Sentiment: WDC announced an open-source quantum error-correction alliance — a positive long-term R&D/positioning move but unlikely to move near-term revenue; more strategic than immediate catalyst. Western Digital Taps Open Source Quantum Error Correction For Future Storage
• Negative Sentiment: Valuation concerns are rising after a ~7x one‑year surge; some investors are questioning whether current prices already reflect future growth, increasing volatility risk. Is It Too Late To Consider Western Digital (WDC) After Its 7x One Year Surge?
• Negative Sentiment: Analyst and media attention shifting to Seagate as the preferred pick (citing margin upside) could divert flows away from WDC if investors favor Seagate’s near‑term fundamentals. Move Over, Western Digital! Why Seagate Is the New Top Stock Pick
• Negative Sentiment: Concerns about Google’s TurboQuant and other compression/optimization tech have previously pressured memory/storage names by suggesting lower incremental storage demand; this remains a headline risk for WDC. Is Western Digital Corporation (WDC) at Threat from Google’s TurboQuant?

Insider Buying and Selling at Western Digital

In other news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the transaction, the insider directly owned 121,682 shares in the company, valued at approximately $32,643,630.14. This trade represents a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of Western Digital stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the transaction, the insider owned 107,794 shares of the company’s stock, valued at $29,137,796.14. The trade was a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,795 shares of company stock valued at $24,265,884 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $340.00 price target on shares of Western Digital in a research note on Wednesday, February 4th. Wall Street Zen raised Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Morgan Stanley raised their price target on Western Digital to $380.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen raised their price target on Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, UBS Group set a $306.00 price objective on shares of Western Digital in a report on Friday, January 30th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.83.

Western Digital Stock Performance

Shares of Western Digital stock opened at $337.88 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $114.55 billion, a P/E ratio of 33.89, a P/E/G ratio of 0.78 and a beta of 1.77. The business has a fifty day simple moving average of $282.45 and a two-hundred day simple moving average of $205.59. Western Digital Corporation has a 12 month low of $33.42 and a 12 month high of $348.00.

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

Western Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.50 annualized dividend and a yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 5.02%.

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.