GC Wealth Management RIA LLC Sells 1,181 Shares of Western Digital Corporation $WDC

GC Wealth Management RIA LLC lessened its stake in Western Digital Corporation (NASDAQ:WDC) by 34.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,256 shares of the data storage provider’s stock after selling 1,181 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Western Digital were worth $610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. bought a new stake in Western Digital in the fourth quarter worth $2,270,000. WESPAC Advisors LLC bought a new position in Western Digital during the fourth quarter valued at $793,000. Nomura Asset Management Co. Ltd. lifted its position in Western Digital by 33.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock valued at $193,303,000 after purchasing an additional 282,156 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Western Digital in the 4th quarter worth $20,889,000. Finally, World Investment Advisors grew its stake in shares of Western Digital by 145.8% in the 4th quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock worth $1,025,000 after buying an additional 3,529 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Key Western Digital News

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

• Positive Sentiment: Memory-chip peers such as Micron, Sandisk, and SK Hynix were reported surging on continued enthusiasm for AI infrastructure spending and tight memory supply, which can lift sentiment for Western Digital as well. Article: Why Micron, Sandisk, and SK Hynix Are Surging—And How to Play It
• Positive Sentiment: Analysts highlighted Western Digital’s AI storage exposure and relatively stronger financial footing versus peers like Super Micro, reinforcing the stock’s appeal as an AI hardware play. Article: WDC vs. SMCI: Which AI Hardware Stock is the Smarter Investment Now?
• Positive Sentiment: A valuation piece argued that Western Digital still looks attractive on earnings and especially cheap on a cash-flow basis, suggesting the recent rally may have room to continue if AI demand remains strong. Article: Western Digital (WDC) Stock Looks Reasonable On Earnings While Cash Flow Looks Cheap
• Neutral Sentiment: One report said Western Digital reentered merger-focused discussion, but it did not provide a concrete transaction update, so the near-term stock impact is unclear. Article: Western Digital (WDC) Reenters Merger Focus, Where Does Fair Value Sit?
• Neutral Sentiment: Short-interest data showed no meaningful short position reported, which does not appear to be a major driver of the stock today.

Western Digital Trading Down 6.9%

Shares of NASDAQ:WDC opened at $519.80 on Friday. The company has a market capitalization of $179.16 billion, a price-to-earnings ratio of 31.03 and a beta of 2.11. Western Digital Corporation has a 12 month low of $66.51 and a 12 month high of $799.87. The firm’s 50-day moving average is $564.90 and its 200 day moving average is $397.06.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data 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. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities analysts forecast that Western Digital Corporation will post 9.61 EPS for the current fiscal year.

Western Digital Increases Dividend

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

Wall Street Analysts Forecast Growth

WDC has been the topic of several recent research reports. Evercore restated an “outperform” rating and set a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $400.00 price objective on shares of Western Digital in a research note on Friday, May 1st. Melius Research set a $1,050.00 target price on Western Digital and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Robert W. Baird boosted their target price on Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $520.32.

Insiders Place Their Bets

In related news, insider Cynthia L. Tregillis sold 432 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the completion of the sale, the insider directly owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This trade represents a 0.37% decrease in their position. The sale was disclosed in a legal filing 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 2,475 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $556.24, for a total value of $1,376,694.00. Following the transaction, the insider owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. The trade was a 2.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,959 shares of company stock valued at $12,631,666 over the last quarter. 0.18% of the stock is currently owned by insiders.

Western Digital Company 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.