Patriot Financial Group Insurance Agency LLC Acquires New Holdings in Western Digital Corporation $WDC

Patriot Financial Group Insurance Agency LLC acquired a new position in Western Digital Corporation (NASDAQ:WDC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,216 shares of the data storage provider’s stock, valued at approximately $329,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. raised its position in shares of Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares in the last quarter. Avion Wealth boosted its position in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Swiss RE Ltd. bought a new stake in Western Digital during the fourth quarter valued at about $32,000. BOKF NA grew its stake in Western Digital by 6,700.0% in the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 268 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Western Digital in the third quarter valued at about $33,000. Institutional investors own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In other news, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $545.60, for a total value of $235,699.20. Following the transaction, the insider directly owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the transaction, the insider owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 29,322 shares of company stock worth $12,768,550. Insiders own 0.18% of the company’s stock.

More Western Digital News

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

• Positive Sentiment: Bank of America raised its price target on Western Digital to $732 from $610 and reiterated a buy rating, signaling confidence in further upside. Benzinga report on Bank of America price target hike
• Positive Sentiment: Melius Research upgraded Western Digital to strong-buy, adding to the list of bullish analyst views on the stock. Zacks report on Melius upgrade
• Positive Sentiment: Zacks said Western Digital has an impressive earnings surprise record and the right setup to potentially beat estimates again in its next quarterly report. Article: Will Western Digital (WDC) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Western Digital was included in Zacks’ list of top momentum stocks for Q3 2026, reflecting continued investor interest in AI-driven storage names. Article: 5 Top-Ranked Momentum Stock Picks for Q3 2026 After a Fabulous Q2
• Neutral Sentiment: Analysts are revisiting fair value estimates as they reassess AI storage demand, HDD pricing, and Western Digital’s product roadmap, keeping the valuation debate active. Article: Western Digital Stock Gets Fair Value Boost As Analysts Reassess AI Storage Demand
• Negative Sentiment: WDC was hit by a broader memory-chip and semiconductor pullback, as investors rotated out of some of this year’s hottest names. Article: Micron Drops 8%, SanDisk Slumps 10%, Western Digital Falls 7% as Memory Stocks Pull Back With the Nasdaq

Western Digital Stock Down 9.9%

WDC stock opened at $539.00 on Friday. The stock has a market capitalization of $185.78 billion, a PE ratio of 32.18 and a beta of 2.10. Western Digital Corporation has a 52 week low of $63.67 and a 52 week high of $799.87. The firm has a 50 day moving average of $536.72 and a 200 day moving average of $357.93.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business posted $1.36 EPS. Western Digital’s revenue for the quarter 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. On average, equities research analysts expect that Western Digital Corporation will post 9.6 earnings per share for the current year.

Western Digital Increases Dividend

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

Wall Street Analyst Weigh In

WDC has been the subject of several analyst reports. Bank of America increased their price target on shares of Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Western Digital from $500.00 to $575.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. UBS Group boosted their price objective on shares of Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Finally, Sanford C. Bernstein raised shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price target on the stock in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $493.52.

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.