International Private Wealth Advisors LLC Acquires 2,846 Shares of Western Digital Corporation $WDC

International Private Wealth Advisors LLC acquired a new stake in Western Digital Corporation (NASDAQ:WDC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,846 shares of the data storage provider’s stock, valued at approximately $1,293,000.

A number of other hedge funds also recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of Western Digital during the 2nd quarter worth about $1,602,927,000. ABS Investment Management LLC acquired a new position in Western Digital in the 2nd quarter valued at about $1,226,342,000. Anther Capital Ltd acquired a new position in Western Digital in the 2nd quarter valued at about $901,601,000. Deutsche Bank AG bought a new position in Western Digital in the 2nd quarter valued at about $885,565,000. Finally, Trivest Advisors Ltd bought a new position in Western Digital in the 2nd quarter valued at about $627,606,000. 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. TD Cowen cut their price objective on shares of Western Digital from $540.00 to $430.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Weiss Ratings downgraded Western Digital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 13th. Rosenblatt Securities decreased their target price on Western Digital from $800.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Wedbush increased their target price on Western Digital from $540.00 to $650.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Sanford C. Bernstein lifted their price target on Western Digital from $590.00 to $770.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and an average target price of $591.04.

Insider Transactions at Western Digital

In other news, insider Cynthia L. Tregillis sold 807 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $380.00, for a total transaction of $306,660.00. Following the transaction, the insider directly owned 108,928 shares of the company’s stock, valued at approximately $41,392,640. This trade represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 1,795 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $459.87, for a total transaction of $825,466.65. Following the transaction, the insider directly owned 80,571 shares in the company, valued at $37,052,185.77. This represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,436 shares of company stock valued at $2,440,664 in the last three months. Insiders own 0.20% of the company’s stock.

Western Digital Stock Performance

Shares of Western Digital stock opened at $313.31 on Thursday. The firm has a 50-day moving average of $397.39 and a 200-day moving average of $419.83. The stock has a market cap of $117.28 billion, a PE ratio of 12.16, a PEG ratio of 1.02 and a beta of 2.27. Western Digital Corporation has a 52-week low of $132.43 and a 52-week high of $799.87.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, October 22nd. The data storage provider reported $4.64 EPS for the quarter, beating the consensus estimate of $4.11 by $0.53. Western Digital had a net margin of 69.20% and a return on equity of 55.62%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the company posted $1.78 earnings per share. Western Digital’s revenue was up 55.5% compared to the same quarter last year. Equities research analysts predict that Western Digital Corporation will post 23.62 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be issued a $0.1750 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.2%. This is an increase from Western Digital’s previous quarterly dividend of $0.15. Western Digital’s payout ratio is presently 2.72%.

Key Stories Impacting Western Digital

Here are a few of the latest stories about WDC:

• Positive Sentiment: Western Digital’s latest outlook calls for quarterly revenue of $5.1 billion and gross margins of up to 61%, reinforcing expectations for strong demand and profitability. Western Digital Stocks Climb as AI Storage Names Rebound
• Neutral Sentiment: Commentary sees WDC’s valuation as potentially reasonable relative to its earnings, but notes that the stock’s steep gains over the past three years and recent volatility leave investors debating how much future growth is already reflected in the share price. Western Digital Stock Looks Reasonable Despite AI Data Center Fears
• Negative Sentiment: Risks include concerns about the sustainability and financing of AI infrastructure spending, which could affect expectations for data-center demand. A shareholder-law-firm investigation announced earlier this week is also a potential, though unsubstantiated, legal overhang. Shareholder Investigation Announcement

About Western Digital

Western Digital Corporation (NASDAQ: WDC) develops and supplies hard disk drives (HDDs) and related data-storage products. Its drives serve data centers and cloud providers, as well as businesses and consumers who need storage for computers, network-attached storage systems, surveillance and other applications. Its product brands include WD and Ultrastar. Founded in 1970, the company began as an electronics and semiconductor business before expanding into data storage. In February 2025, Western Digital completed the separation of its flash-memory business into the independently traded SanDisk Corporation, leaving Western Digital focused on HDDs.