Western Digital Corporation $WDC Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in shares of Western Digital Corporation (NASDAQ:WDC) by 38.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,807 shares of the data storage provider’s stock after buying an additional 23,370 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Western Digital were worth $38,541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in Western Digital by 71.4% during the second quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock valued at $147,275,000 after purchasing an additional 96,078 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Western Digital during the second quarter worth $19,694,000. NewEdge Wealth LLC acquired a new stake in shares of Western Digital during the second quarter worth $14,466,000. OneAscent Financial Services LLC bought a new position in shares of Western Digital in the 2nd quarter worth about $1,599,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Western Digital in the 2nd quarter worth about $8,307,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

WDC has been the subject of several research reports. Summit Insights lowered shares of Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Mizuho set a $590.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. Cantor Fitzgerald raised their target price on shares of Western Digital from $660.00 to $900.00 in a report on Thursday, August 6th. Bank of America raised their target price on shares of Western Digital from $720.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein upped their target price on Western Digital from $590.00 to $770.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $609.56.

Western Digital Stock Up 3.9%

Shares of NASDAQ WDC opened at $378.51 on Thursday. Western Digital Corporation has a fifty-two week low of $117.23 and a fifty-two week high of $799.87. The firm’s 50-day simple moving average is $438.14 and its 200 day simple moving average is $480.05. The stock has a market cap of $141.68 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.54 and a beta of 2.11.

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

Western Digital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Tuesday, September 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, September 8th. Western Digital’s payout ratio is 2.48%.

Insider Transactions at Western Digital

In other news, insider Vidyadhara K. Gubbi sold 1,795 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $459.87, for a total value of $825,466.65. Following the completion of the transaction, the insider directly owned 80,571 shares in the company, valued at $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the transaction, the chief executive officer owned 575,966 shares in the company, valued at $256,287,591.02. This represents a 3.36% decrease in their position. 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. In the last three months, insiders sold 24,629 shares of company stock valued at $11,033,404. Company insiders own 0.20% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Investors are positioning for a potential earnings beat. Western Digital has a strong history of exceeding estimates, and analysts expect management to report continued momentum in its upcoming results. Why Western Digital Is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Recent operating trends support the bullish case: the prior quarter delivered revenue growth of roughly 44% year over year, expanding margins and more than $1 billion in free cash flow. Management’s previous guidance called for fiscal Q1 revenue growth of approximately 42% to 49%, reflecting strong demand for high-capacity drives. Western Digital Rises Ahead of Earnings as Investors Bet on Strong Storage Demand
• Positive Sentiment: Bank of America raised its price target to $800 and maintained a Buy rating. Morgan Stanley also expects strong results and improved guidance, while its $643 target remains substantially above the current trading level. Seagate and Western Digital Stocks Gain
• Neutral Sentiment: Despite the recent rebound, WDC remains in a severe bear-market pattern after falling more than half from its June high. The earnings report and forward guidance will be critical in determining whether AI-related storage demand can support a sustained recovery. Western Digital Stock Is Stuck in a Bear Market
• Negative Sentiment: Risks include concerns that data-center spending could slow, alongside broader questions about AI investment financing and competition. In addition, insider transactions reported over the past six months were exclusively sales, which may weigh on investor confidence. Cramer Warns on Western Digital and SanDisk

Western Digital Profile

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.