1,009 Shares in Western Digital Corporation $WDC Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC purchased a new position in Western Digital Corporation (NASDAQ:WDC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,009 shares of the data storage provider’s stock, valued at approximately $273,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Western Digital by 7.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after purchasing an additional 3,019 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Western Digital by 229.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after buying an additional 967 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Western Digital in the second quarter valued at $307,000. Cresset Asset Management LLC acquired a new position in shares of Western Digital during the second quarter valued at about $292,000. Finally, Federated Hermes Inc. grew its holdings in shares of Western Digital by 55.3% during the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock valued at $152,000 after buying an additional 845 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital News Roundup

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

• Positive Sentiment: Western Digital has been caught up in the AI memory boom, with investors favoring storage and chip names tied to data-center demand. Why Is Western Digital Stock Surging Monday?
• Positive Sentiment: Analysts have turned more bullish on Western Digital, including a Bank of America price-target increase, which supports the stock’s recent strength. BofA Raises Price Target for Western Digital Corp. (WDC)
• Positive Sentiment: Memory and storage peers such as Micron and SanDisk also rose on Monday as the AI trade regained momentum, reinforcing the positive backdrop for WDC. Stock Market News for July 7, 2026
• Neutral Sentiment: Western Digital was highlighted as one of the market movers benefiting from broader interest in storage stocks, but the move was driven more by sector rotation than by a company-specific announcement. Terawulf, Ceva, Western Digital And Other Big Stocks Moving Higher On Monday
• Negative Sentiment: Tuesday premarket trading was weaker for memory stocks, including WDC, as investors reacted to softness in Samsung and SK Hynix and a broader pullback in the sector. MU, SNDK, WDC Stocks Fall Premarket: Samsung, SK Hynix Briefly Drag South Korea’s Kospi Into Brief Bear

Western Digital Trading Down 11.0%

Shares of WDC traded down $63.42 during trading hours on Tuesday, reaching $514.04. 2,318,724 shares of the stock traded hands, compared to its average volume of 9,108,751. The stock has a fifty day simple moving average of $543.20 and a 200 day simple moving average of $363.35. Western Digital Corporation has a 52 week low of $63.67 and a 52 week high of $799.87. The company has a market cap of $177.18 billion, a price-to-earnings ratio of 30.74 and a beta of 2.11.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results 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 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 analysts’ expectations of $3.25 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The firm’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. Analysts predict 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. Stockholders of record on Friday, June 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, June 5th. This is a boost from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s dividend payout ratio (DPR) is presently 3.58%.

Wall Street Analysts Forecast Growth

WDC has been the subject of several recent research reports. UBS Group boosted their target price on shares of Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Barclays lifted their price target on Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. Evercore reissued an “outperform” rating and set a $575.00 price objective on shares of Western Digital in a report on Tuesday, May 26th. Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $493.52.

Insiders Place Their Bets

In related news, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total transaction of $396,390.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the business’s stock in a transaction on 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 directly owned 90,041 shares in the company, valued at approximately $39,905,270.79. This represents a 4.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 29,322 shares of company stock valued at $12,768,550. Insiders own 0.18% of the company’s stock.

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.