MW Advisory LLC Invests $1.23 Million in Western Digital Corporation $WDC

MW Advisory LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,923 shares of the data storage provider’s stock, valued at approximately $1,228,000.

A number of other large investors also recently modified their holdings of WDC. Turner Financial Group Inc. purchased a new stake in Western Digital in the second quarter worth approximately $334,000. Blalock Williams LLC purchased a new position in shares of Western Digital during the second quarter worth approximately $323,000. Jeter Robert S II purchased a new position in shares of Western Digital during the second quarter worth approximately $400,000. Three Seasons Wealth LLC raised its stake in shares of Western Digital by 16.8% during the second quarter. Three Seasons Wealth LLC now owns 7,062 shares of the data storage provider’s stock worth $4,511,000 after acquiring an additional 1,018 shares in the last quarter. Finally, SMART Wealth LLC lifted its holdings in shares of Western Digital by 20.7% in the 2nd quarter. SMART Wealth LLC now owns 8,197 shares of the data storage provider’s stock worth $5,235,000 after acquiring an additional 1,403 shares during the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Western Digital Trading Up 5.9%

WDC stock opened at $467.46 on Friday. The stock has a market capitalization of $161.12 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.87 and a beta of 2.13. The firm’s 50-day moving average price is $506.03 and its two-hundred day moving average price is $445.72. Western Digital Corporation has a 12-month low of $91.43 and a 12-month high of $799.87.

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

Western Digital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s dividend payout ratio is currently 2.48%.

Insiders Place Their Bets

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the transaction, the chief executive officer directly owned 575,966 shares in the company, valued at approximately $256,287,591.02. This represents a 3.36% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 1,007 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $478.36, for a total transaction of $481,708.52. Following the completion of the sale, the insider directly owned 112,155 shares of the company’s stock, valued at approximately $53,650,465.80. This represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,210 shares of company stock valued at $10,440,960 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Key Stories Impacting Western Digital

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

• Positive Sentiment: A broad rally in memory stocks lifted Western Digital alongside SK Hynix and Seagate. Investors appear to be responding to stronger memory pricing, supply tightness and continued demand from artificial-intelligence data centers. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: Western Digital’s investment case is supported by AI-driven storage growth, higher hard-disk-drive pricing and expanding margins. Recent earnings also showed revenue growth and earnings above consensus, while management’s next-quarter guidance points to continued momentum. WDC Stock’s Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Positive Sentiment: China’s progress in memory manufacturing is not viewed as an immediate threat because Western Digital and peers reportedly have capacity committed under multiyear contracts. That could help protect near-term pricing and margins. Why China’s Memory Chip Breakthrough Won’t Crash the Market
• Neutral Sentiment: Analysts remain broadly constructive, with reported price targets above the current trading level, but the stock’s sharp six-month advance has made expectations demanding. Investors are watching whether future earnings estimates can justify the valuation. WDC Stock’s Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Negative Sentiment: Recent insider transactions have consisted of sales rather than purchases, including a director’s sale of roughly $2.5 million in shares. Insider selling and profit-taking previously pressured WDC, while the stock’s elevated valuation leaves it vulnerable if storage-sector momentum fades. Western Digital Falls as Sector Weakness and Insider Selling Weigh on Shares

Analyst Upgrades and Downgrades

Several research firms recently commented on WDC. Fox Advisors lowered shares of Western Digital from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Weiss Ratings downgraded shares of Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Rosenblatt Securities cut their price target on shares of Western Digital from $900.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Bank of America raised their price objective on Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Melius Research set a $1,050.00 price objective on Western Digital and gave the stock a “buy” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $534.56.

About Western Digital

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.