IPG Investment Advisors LLC Makes New $843,000 Investment in Western Digital Corporation $WDC

IPG Investment Advisors LLC bought a new position in Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 4,894 shares of the data storage provider’s stock, valued at approximately $843,000.

Several other institutional investors and hedge funds have also bought and sold shares of WDC. Rakuten Securities Inc. raised its position in shares of Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after buying an additional 407 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after buying an additional 204 shares in the last quarter. Avion Wealth raised its position in shares of Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Western Digital by 207.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after buying an additional 178 shares in the last quarter. Finally, BOKF NA raised its position in shares of Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after buying an additional 268 shares in the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WDC has been the topic of several research reports. TD Cowen raised their price objective on shares of Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. New Street Research set a $250.00 price objective on shares of Western Digital in a research report on Tuesday, February 3rd. Mizuho set a $470.00 price objective on shares of Western Digital in a research report on Friday, May 1st. Argus set a $300.00 price objective on shares of Western Digital in a research report on Tuesday, February 3rd. Finally, Wedbush restated an “outperform” rating and set a $325.00 price objective on shares of Western Digital in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and an average price target of $413.50.

Insider Activity at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the transaction, the chief executive officer owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the transaction, the insider directly owned 107,794 shares in the company, valued at approximately $29,137,796.14. This represents a 8.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 53,655 shares of company stock valued at $18,179,038. Insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

WDC stock opened at $530.60 on Thursday. Western Digital Corporation has a 52 week low of $51.17 and a 52 week high of $546.68. The firm’s fifty day moving average is $387.41 and its 200 day moving average is $276.68. The firm has a market cap of $182.89 billion, a P/E ratio of 31.68 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm earned $1.36 EPS. The firm’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, analysts forecast that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s payout ratio is 2.99%.

More Western Digital News

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

• Positive Sentiment: Shares are benefiting from a strong sector-wide “memory melt-up,” with AI infrastructure demand supporting higher pricing power and improving earnings expectations for storage makers like Western Digital. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Evercore reportedly raised its price target on Western Digital to $575, calling the stock “underappreciated” as hard disk drives remain critical for AI data-center buildouts. Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here
• Positive Sentiment: Recent coverage highlights Western Digital as a key beneficiary of the AI memory/storage supercycle, with investors searching the name more heavily after strong momentum in peers like Micron and SanDisk. Micron’s $1 Trillion Memory Melt-Up
• Neutral Sentiment: An insider sale by Cynthia L. Tregillis was disclosed, but it was small relative to her holdings and was made under a pre-arranged 10b5-1 trading plan, so it is unlikely to be a major negative signal for investors. SEC filing
• Neutral Sentiment: Another insider sale was also reported the same day, adding to activity that may look cautious, but the transactions appear routine rather than clearly bearish. SEC filing

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.