Everhart Financial Group Inc. Raises Position in Western Digital Corporation $WDC

Everhart Financial Group Inc. grew its position in shares of Western Digital Corporation (NASDAQ:WDC) by 30.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,291 shares of the data storage provider’s stock after purchasing an additional 2,167 shares during the period. Everhart Financial Group Inc.’s holdings in Western Digital were worth $1,116,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Western Digital by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 9,305,289 shares of the data storage provider’s stock valued at $593,045,000 after purchasing an additional 186,030 shares during the last quarter. Holocene Advisors LP lifted its holdings in shares of Western Digital by 8.5% during the second quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock valued at $354,247,000 after purchasing an additional 431,419 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its position in shares of Western Digital by 17.1% during the second quarter. Maple Rock Capital Partners Inc. now owns 3,735,296 shares of the data storage provider’s stock valued at $239,022,000 after buying an additional 545,500 shares during the last quarter. Norges Bank bought a new stake in Western Digital in the 2nd quarter worth about $220,680,000. Finally, Soroban Capital Partners LP raised its position in Western Digital by 1,926.3% in the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock worth $195,882,000 after buying an additional 2,910,062 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital News Roundup

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

• Positive Sentiment: Q2 results beat and upbeat guidance — WDC reported $2.13 EPS vs. ~$1.93 consensus and revenue of $3.02B (+25% Y/Y); management guided Q3 well above Street estimates, citing strong demand from AI/data center customers. Western Digital Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts turn more bullish — several firms upped ratings/targets (Wells Fargo $335, Wedbush $325, TD Cowen to $325, Morgan Stanley, Citi maintain/raise Buy calls), reflecting expectations for sustained AI-led capacity demand and margin upside. Analyst Coverage & Price Target Changes
• Positive Sentiment: Management and CEO comments highlight AI-driven storage growth — CEO Irving Tan emphasized that AI inference is generating more data and requiring more storage, supporting ongoing demand for high‑capacity HDDs and flash. Western Digital CEO: AI inference is generating more data and requiring storage hence demand growth
• Positive Sentiment: Company to outline AI storage roadmap at Feb. 3 Innovation Day — investors have an upcoming event to get product/roadmap detail, which could provide further visibility on TAM and upside. Dear Western Digital Stock Fans, Mark Your Calendars for February 3
• Neutral Sentiment: Small quarterly dividend declared — WDC announced a $0.125 per‑share dividend (ex‑dividend Mar 5), a token yield that is unlikely to materially move the stock but may be noted by income investors.
• Negative Sentiment: Shares gave back gains after the initial rally — despite the beat and strong guide, intraday profit‑taking and repositioning pushed the stock down on elevated volume, suggesting some investors are booking gains after a rapid run. Western Digital Shares Give Up Gains After Earnings Beat, Strong Guidance
• Negative Sentiment: Technical/positioning risks — some analysts and market pieces noted WDC was overbought ahead of results; after a big run to an all‑time high, elevated expectations increase the risk of short‑term pullbacks. Overbought Ahead of Earnings

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WDC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Western Digital in a report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of Western Digital from $94.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. TD Cowen lifted their target price on shares of Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday. Susquehanna increased their price target on Western Digital from $135.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Finally, Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.95.

Insider Activity

In other Western Digital news, insider Cynthia L. Tregillis sold 2,801 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.57, for a total value of $449,756.57. Following the completion of the transaction, the insider directly owned 144,596 shares in the company, valued at $23,217,779.72. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $150.69, for a total transaction of $3,013,800.00. Following the completion of the sale, the chief executive officer directly owned 645,467 shares of the company’s stock, valued at approximately $97,265,422.23. This trade represents a 3.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,816 shares of company stock worth $4,116,148 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Western Digital Trading Down 10.1%

Shares of WDC stock opened at $250.23 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 0.94. The company has a market cap of $85.55 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.33 and a beta of 1.78. Western Digital Corporation has a 1 year low of $28.83 and a 1 year high of $285.42. The firm has a fifty day moving average price of $193.60 and a 200-day moving average price of $137.10.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.20. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a return on equity of 44.67% and a net margin of 35.52%.Western Digital’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 earnings per share. As a group, equities analysts predict that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. Western Digital’s dividend payout ratio (DPR) is presently 5.02%.

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.