Koshinski Asset Management Inc. Invests $255,000 in Western Digital Corporation $WDC

Koshinski Asset Management Inc. purchased a new position in Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,481 shares of the data storage provider’s stock, valued at approximately $255,000.

A number of other large investors have also recently made changes to their positions in WDC. ORG Partners LLC boosted its holdings in shares of Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of 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 acquiring an additional 204 shares during the period. Westfuller Advisors LLC bought a new position in shares of Western Digital in the third quarter worth $30,000. Finally, Avion Wealth boosted its holdings in shares of Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 113 shares during the period. 92.51% of the stock is owned by institutional investors.

More Western Digital News

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

• Positive Sentiment: Western Digital reported better-than-expected Q3 results, with EPS of $2.72 versus $2.39 expected and revenue of $3.34 billion versus $3.25 billion estimated, while also boosting its dividend by 20%. Western Digital (WDC) Stock Soars to Record Peak on Stellar Q3 Results and Dividend Boost
• Positive Sentiment: Several reports said WDC is benefiting from surging AI infrastructure spending, which is increasing demand for high-capacity data center storage and memory chips. Western Digital rallies 7% amid AI surge in Micron and Sandisk
• Positive Sentiment: Analyst commentary highlighted Western Digital as a potential winner from continued hyperscaler AI spending, reinforcing the bullish memory-storage trade. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Neutral Sentiment: Short-interest data showed 0 shares reported as of May 11, which does not provide a meaningful signal for investors.
• Neutral Sentiment: Related coverage also noted strong momentum in SanDisk and the broader memory ETF, adding to sector enthusiasm rather than changing WDC-specific fundamentals. SanDisk’s 4,000% Moonshot Just Made Its Parent The Underdog

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $377.09, for a total transaction of $136,883.67. Following the sale, the insider owned 120,023 shares in the company, valued at $45,259,473.07. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the sale, the insider owned 90,041 shares in the company, valued at $39,905,270.79. The trade was a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,679 shares of company stock worth $18,049,314 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

NASDAQ:WDC opened at $515.83 on Tuesday. The firm has a market capitalization of $177.80 billion, a price-to-earnings ratio of 30.80 and a beta of 2.10. Western Digital Corporation has a 52-week low of $46.40 and a 52-week high of $525.15. The stock has a fifty day moving average of $334.30 and a 200 day moving average of $247.47.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company earned $1.36 earnings per share. The firm’s quarterly revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts forecast that Western Digital Corporation will post 9.57 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, June 5th. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is 2.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Cantor Fitzgerald raised their price target on Western Digital to $660.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Rosenblatt Securities lifted their price objective on Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, May 1st. TD Cowen lifted their price objective on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Evercore reissued an “outperform” rating and set a $500.00 price objective on shares of Western Digital in a research note on Friday, May 1st. Finally, Truist Financial set a $310.00 price objective on Western Digital in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $395.83.

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.