2,263 Shares in Western Digital Corporation $WDC Acquired by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC purchased a new position in Western Digital Corporation (NASDAQ:WDC) during the 1st quarter, HoldingsChannel reports. The firm purchased 2,263 shares of the data storage provider’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WDC. Chicago Partners Investment Group LLC increased its position in Western Digital by 23.8% in the first quarter. Chicago Partners Investment Group LLC now owns 9,531 shares of the data storage provider’s stock worth $2,578,000 after buying an additional 1,833 shares during the period. Triglav Investments D.O.O. acquired a new position in shares of Western Digital during the first quarter valued at $5,058,000. LGT Fund Management Co Ltd. boosted its holdings in shares of Western Digital by 325.1% during the first quarter. LGT Fund Management Co Ltd. now owns 68,870 shares of the data storage provider’s stock valued at $18,629,000 after acquiring an additional 52,670 shares during the period. International Assets Investment Management LLC grew its position in shares of Western Digital by 23.5% during the first quarter. International Assets Investment Management LLC now owns 530 shares of the data storage provider’s stock worth $158,000 after acquiring an additional 101 shares during the last quarter. Finally, Diversify Wealth Management LLC bought a new position in shares of Western Digital during the first quarter worth about $1,265,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Trading Up 1.4%

WDC stock opened at $563.32 on Wednesday. Western Digital Corporation has a 52 week low of $65.79 and a 52 week high of $799.87. The company has a market capitalization of $194.17 billion, a price-to-earnings ratio of 33.63 and a beta of 2.11. The firm’s 50-day moving average is $560.28 and its two-hundred day moving average is $379.58.

Western Digital (NASDAQ:WDC) last issued its quarterly 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 company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the business posted $1.36 EPS. The business’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 predict 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. Shareholders of record on Friday, June 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 5th. Western Digital’s payout ratio is currently 3.58%.

More Western Digital News

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

• Positive Sentiment: Western Digital is benefiting from a rebound in memory and storage stocks after Monday’s sector-wide drop tied to SK Hynix volatility and broader chip-market pressure. SK Hynix ADR Soars 19% as Leveraged ETFs Launch, Lifting Micron, SanDisk, Western Digital
• Positive Sentiment: Several recent analyst notes are bullish on WDC, with commentary citing strong demand, improving pricing, and the possibility of meaningful upside from current levels. Why Analysts Are Betting Western Digital Stock Can Gain Another 30% from Here
• Positive Sentiment: Western Digital’s upcoming earnings report is in focus, and Wall Street is expecting a strong year-over-year profit jump, which could support the stock if results and guidance beat expectations. Western Digital’s Quarterly Earnings Preview: What You Need to Know
• Neutral Sentiment: The company has confirmed it will report fourth-quarter and fiscal 2026 results on August 5, keeping earnings-related speculation elevated in the near term. WD to Announce Fourth Quarter and Fiscal Year 2026 Financial Results on August 5, 2026
• Negative Sentiment: WDC remains sensitive to swings in the AI-memory trade, and the stock was recently hit by a sharp sector pullback sparked by SK Hynix’s weak outlook and broader chip-market jitters. SK Hynix’s record plunge drags down global chip stocks

Insider Transactions at Western Digital

In other news, insider Vidyadhara K. Gubbi sold 4,674 shares of the company’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 sale, the insider owned 90,041 shares in the company, valued at $39,905,270.79. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Bruce E. Kiddoo sold 750 shares of the company’s 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 completion of the sale, the director owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. This trade represents a 16.12% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 29,322 shares of company stock valued at $12,768,550. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WDC. UBS Group reiterated a “neutral” rating and issued a $560.00 price objective on shares of Western Digital in a research report on Monday. Robert W. Baird upped their target price on shares of Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Evercore restated an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a research note on Tuesday, May 26th. Fox Advisors cut Western Digital from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $520.32.

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.