XML Financial LLC Invests $347,000 in Western Digital Corporation $WDC

XML Financial LLC bought a new stake in Western Digital Corporation (NASDAQ:WDC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,283 shares of the data storage provider’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds have also modified their holdings of WDC. Alps Advisors Inc. grew its position in Western Digital by 0.8% during the 4th quarter. Alps Advisors Inc. now owns 4,707 shares of the data storage provider’s stock worth $811,000 after acquiring an additional 37 shares during the last quarter. Quadcap Wealth Management LLC raised its position in Western Digital by 2.1% in the 4th quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock valued at $346,000 after purchasing an additional 41 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in Western Digital by 2.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock worth $341,000 after purchasing an additional 51 shares in the last quarter. Bogart Wealth LLC boosted its stake in Western Digital by 19.4% in the fourth quarter. Bogart Wealth LLC now owns 369 shares of the data storage provider’s stock worth $64,000 after purchasing an additional 60 shares in the last quarter. Finally, CYBER HORNET ETFs LLC grew its holdings in shares of Western Digital by 7.2% during the fourth quarter. CYBER HORNET ETFs LLC now owns 889 shares of the data storage provider’s stock worth $153,000 after purchasing an additional 60 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Western Digital

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

• Positive Sentiment: Analysts have remained constructive on Western Digital, with recent price-target increases from firms including JPMorgan and Morgan Stanley, reflecting optimism about earnings power and AI-related storage demand.
• Positive Sentiment: Western Digital’s recent quarterly results beat expectations, with revenue and EPS ahead of estimates and management guiding for continued expansion, which supports the longer-term bull case.
• Neutral Sentiment: Investor attention has stayed high around Western Digital as the stock has rallied strongly this year, keeping it in focus as a leveraged AI-memory play.
• Negative Sentiment: Today’s decline appears tied to a broad selloff in semiconductor and memory names as investors worry about an AI-bubble-style valuation reset and weakness in Asian chip markets.
• Negative Sentiment: Western Digital also faces some near-term share-overhang concerns after disclosed share-exchange transactions involving Sandisk stock, which may have added pressure on the stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Rosenblatt Securities lifted their price target on Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen increased their price objective on shares of Western Digital from $325.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Mizuho raised their price objective on shares of Western Digital from $550.00 to $685.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Fox Advisors downgraded shares of Western Digital from an “overweight” rating to an “equal weight” rating in a research note on Monday. Finally, Sanford C. Bernstein upgraded shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 target price on the stock in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $450.46.

Western Digital Stock Down 8.4%

Western Digital stock opened at $670.75 on Wednesday. The business’s 50-day simple moving average is $501.56 and its 200 day simple moving average is $335.98. The stock has a market cap of $231.19 billion, a price-to-earnings ratio of 40.04 and a beta of 2.13. Western Digital Corporation has a 12-month low of $60.56 and a 12-month high of $799.87.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping 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 firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the business posted $1.36 EPS. The company’s quarterly revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, sell-side analysts expect that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 5th. Western Digital’s payout ratio is presently 3.58%.

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 432 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $545.60, for a total transaction of $235,699.20. Following the completion of the sale, the insider owned 116,643 shares in the company, valued at approximately $63,640,420.80. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the completion of the transaction, the director directly owned 3,903 shares in the company, valued at approximately $2,062,813.56. This trade represents a 16.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 29,322 shares of company stock valued at $12,768,550. 0.18% of the stock is currently owned by corporate insiders.

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.