Flatrock Wealth Partners LLC Invests $266,000 in Western Digital Corporation $WDC

Posted by John Perry on Jul 8th, 2026

Flatrock Wealth Partners LLC bought a new stake in Western Digital Corporation (NASDAQ:WDC – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 983 shares of the data storage provider’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. lifted its position in Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the period. Avion Wealth boosted its holdings in Western Digital by 163.8% in the 4th 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. acquired a new position in Western Digital during the 4th quarter worth approximately $32,000. BOKF NA increased its position in Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 268 shares during the period. Finally, JPL Wealth Management LLC purchased a new position in shares of Western Digital during the 3rd quarter worth approximately $33,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Stock Down 7.9%

Shares of WDC stock opened at $532.10 on Wednesday. The stock has a market cap of $183.40 billion, a P/E ratio of 31.77 and a beta of 2.11. Western Digital Corporation has a fifty-two week low of $63.67 and a fifty-two week high of $799.87. The business has a fifty day simple moving average of $545.76 and a 200-day simple moving average of $365.92.

Western Digital (NASDAQ:WDC – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 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 firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company earned $1.36 EPS. The firm’s revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, sell-side analysts anticipate that Western Digital Corporation will post 9.6 earnings per share for the current year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost 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 currently 3.58%.

Analyst Ratings Changes

WDC has been the subject of several recent analyst reports. TD Cowen raised their price target on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Rosenblatt Securities increased their price objective on Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Melius Research set a $1,050.00 target price on Western Digital and gave the company a “buy” rating in a report on Monday, June 29th. Mizuho boosted their target price on shares of Western Digital from $550.00 to $685.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Finally, Robert W. Baird upped their price target on shares of Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.52.

Get Our Latest Stock Analysis on WDC

Insider Buying and Selling at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the sale, the chief executive officer owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. This represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 sale, the director owned 3,903 shares in the company, valued at approximately $2,062,813.56. This trade represents a 16.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,322 shares of company stock valued at $12,768,550 over the last three months. Company insiders own 0.18% of the company’s stock.

Trending Headlines about Western Digital

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

Positive Sentiment: Analysts remain broadly constructive on Western Digital, with recent reports highlighting a “Moderate Buy” consensus and price targets as high as $900, suggesting Wall Street still sees meaningful upside if demand stays firm. Western Digital (WDC) Gets a Hold from Goldman Sachs
Positive Sentiment: A recent market note argued that the pullback in memory stocks may be a reset rather than a breakdown, pointing to continued tight supply, strong margins, and ongoing AI infrastructure demand that could support Western Digital’s storage business. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (WDC)
Neutral Sentiment: Western Digital has also remained a high-interest stock among retail and institutional investors, with multiple articles noting strong trading activity and continued attention on the company’s role in the AI memory cycle. Here is What to Know Beyond Why Western Digital Corporation (WDC) is a Trending Stock
Negative Sentiment: Samsung’s record quarter sparked a broad selloff in memory and storage names, and WDC was caught in the downdraft as investors shifted from optimism to profit-taking across the sector. Western Digital (WDC) Stock Plunges 9% Following Samsung Report Sparking Memory Chip Selloff
Negative Sentiment: Several market updates described WDC as falling alongside Micron and SanDisk in premarket trading, reinforcing concerns that the AI-memory trade is facing a short-term momentum reset. Micron, SanDisk, and Western Digital Sink 7% as Samsung Earnings Spark a Memory Selloff

About Western Digital

(Free Report)

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.