892 Shares in Western Digital Corporation $WDC Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC bought a new position in Western Digital Corporation (NASDAQ:WDC) during the first quarter, Holdings Channel.com reports. The institutional investor bought 892 shares of the data storage provider’s stock, valued at approximately $241,000.

A number of other large investors have also recently modified their holdings of the business. AustralianSuper Pty Ltd purchased a new stake in Western Digital in the third quarter worth approximately $34,244,000. Cantor Fitzgerald L. P. raised its stake in shares of Western Digital by 399.8% during the third quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after acquiring an additional 25,987 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Western Digital by 75.4% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after acquiring an additional 4,068 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Western Digital in the 4th quarter worth approximately $2,270,000. Finally, WESPAC Advisors LLC purchased a new stake in shares of Western Digital in the 4th quarter valued at $793,000. Institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

WDC has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Wells Fargo & Company raised their price objective on Western Digital from $500.00 to $575.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Bank of America lifted their price objective on Western Digital to $495.00 and gave the stock a “buy” rating in a report on Monday, April 27th. TD Cowen boosted their target price on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $400.00 target price on shares of Western Digital in a report on Friday, May 1st. One investment 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 stock. According to data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $484.04.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Melius Research initiated coverage of Western Digital with a Buy rating and a price target implying roughly 55% upside, which is helping drive buying interest in the stock. Seagate (STX), Western Digital (WDC) Stocks Soar as Melius Assigns Buy Rating
• Positive Sentiment: Options activity also looks bullish, with more call buying than put buying, suggesting traders expect further gains in WDC. Analysts See 55% Upside in Seagate and Western Digital Despite Chip Sector Weakness
• Positive Sentiment: Western Digital is also benefiting from broader strength in AI infrastructure and memory demand, as investors rotate toward storage names tied to long-term data center growth. 3 AI Infrastructure Stocks Up 500%+ With More Upside in 2H 2026
• Positive Sentiment: The stock is also being lifted by a sector-wide rally after strong Micron results reinforced the view that AI-related memory and storage demand remains robust. Micron Falls 5%, SanDisk Drops 7%, but Western Digital Climbs 6%: What’s Behind the Memory-Storage Split?

Insider Buying and Selling at Western Digital

In other news, Director Bruce E. Kiddoo sold 750 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the sale, the director directly owned 3,903 shares of the company’s stock, valued at $2,062,813.56. The trade was a 16.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cynthia L. Tregillis sold 432 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $545.60, for a total value of $235,699.20. Following the completion of the sale, the insider owned 116,643 shares in the company, valued at $63,640,420.80. The trade was a 0.37% 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. Insiders have sold a total of 29,322 shares of company stock valued at $12,768,550 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Western Digital Stock Up 11.1%

Shares of WDC stock opened at $651.80 on Tuesday. The stock has a market cap of $224.66 billion, a price-to-earnings ratio of 38.91 and a beta of 2.13. The business’s fifty day moving average is $523.80 and its 200 day moving average is $349.26. Western Digital Corporation has a twelve month low of $62.94 and a twelve month high of $799.87.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the firm earned $1.36 EPS. The company’s 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. Equities research analysts expect that Western Digital Corporation will post 9.6 earnings per share for the current fiscal year.

Western Digital Increases Dividend

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

Western Digital Company 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.