J. Goldman & Co LP Purchases New Position in Western Digital Corporation $WDC

J. Goldman & Co LP acquired a new position in Western Digital Corporation (NASDAQ:WDC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,058 shares of the data storage provider’s stock, valued at approximately $2,592,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dogwood Wealth Management LLC grew its position in shares of Western Digital by 28.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock worth $57,000 after buying an additional 20 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Western Digital by 1.0% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,302 shares of the data storage provider’s stock valued at $1,470,000 after acquiring an additional 22 shares in the last quarter. Everpar Advisors LLC lifted its stake in Western Digital by 1.8% in the second quarter. Everpar Advisors LLC now owns 1,442 shares of the data storage provider’s stock worth $921,000 after acquiring an additional 25 shares during the period. Ares Financial Consulting LLC grew its holdings in Western Digital by 45.5% during the 2nd quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock worth $51,000 after acquiring an additional 25 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in Western Digital by 2.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,390 shares of the data storage provider’s stock worth $888,000 after acquiring an additional 28 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

Western Digital Stock Up 3.5%

NASDAQ:WDC opened at $450.75 on Wednesday. The stock has a market capitalization of $155.36 billion, a price-to-earnings ratio of 18.62 and a beta of 2.14. Western Digital Corporation has a 52 week low of $77.90 and a 52 week high of $799.87. The firm has a 50 day moving average of $543.27 and a 200 day moving average of $436.75.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.25. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The business’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.66 earnings per share. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, analysts expect that Western Digital Corporation will post 19.65 EPS for the current year.

Western Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s payout ratio is 2.48%.

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 808 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $529.63, for a total value of $427,941.04. Following the completion of the sale, the insider directly owned 114,539 shares in the company, valued at approximately $60,663,290.57. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the sale, the chief executive officer directly owned 575,966 shares of the company’s stock, valued at approximately $256,287,591.02. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 25,384 shares of company stock valued at $11,753,463. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

WDC has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of Western Digital from $575.00 to $730.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Morgan Stanley reissued an “overweight” rating and issued a $676.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. TD Cowen lifted their price target on Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Susquehanna boosted their price target on Western Digital from $360.00 to $500.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. upped their price objective on Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $534.56.

Key Western Digital News

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

• Positive Sentiment: Analysts remain bullish on Western Digital’s growth outlook. Recent quarterly results exceeded expectations, with EPS of $3.56 and revenue of $3.75 billion, up 43.8% year over year. Fiscal 2027 catalysts include rising hyperscale demand, improving margins, 40TB drive launches and HAMR technology. Prediction: This Memory Stock Will Soar 165% in 3 Years
• Positive Sentiment: Western Digital was highlighted as a top momentum and growth stock, with commentary pointing to strong earnings trends, AI-driven storage demand, cash generation and a potential memory shortage. Brokerages collectively maintain a “Moderate Buy” rating, with a consensus target price above the current trading level. Western Digital Is a Top-Ranked Growth Stock
• Neutral Sentiment: Western Digital will present at Citi’s 2026 Global TMT Conference on September 9. The event may provide updates on demand, pricing and its product ramp, but the announcement included no new guidance. WD to Participate in Upcoming Investor Conference
• Neutral Sentiment: Insider Cynthia Tregillis sold 919 shares in two transactions under a pre-arranged Rule 10b5-1 plan. The sales reduced her holdings only marginally and are unlikely to materially change the investment case. SEC insider transaction filing
• Negative Sentiment: Profit-taking and sector rotation ahead of Nvidia’s earnings report have pressured high-flying AI, memory and semiconductor stocks, including WDC. Investors are also monitoring valuation risk, cloud-customer concentration and execution requirements for upcoming products. Memory and Semiconductor Stocks Fall Ahead of Nvidia Earnings
• Negative Sentiment: Reports that Apple could source memory chips from Chinese suppliers have raised concerns about competition and pricing throughout the memory industry. A discounted 8TB WD My Book drive on Amazon is consumer-oriented news with little direct effect on WDC’s investment outlook. WD 8TB My Book External Hard Drive Price Cut

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.