MW Advisory LLC Purchases New Shares in Western Digital Corporation $WDC

MW Advisory LLC acquired a new position in Western Digital Corporation (NASDAQ:WDC) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,923 shares of the data storage provider’s stock, valued at approximately $1,228,000.

A number of other hedge funds have also recently modified their holdings of WDC. Rakuten Securities Inc. increased its stake in shares of Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Western Digital in the second quarter worth about $28,000. Dunhill Financial LLC bought a new position in shares of Western Digital during the second quarter valued at approximately $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Western Digital during the second quarter valued at approximately $31,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of Western Digital during the first quarter valued at approximately $32,000. Institutional investors own 92.51% of the company’s stock.

Insiders Place Their Bets

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the business’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 transaction, the chief executive officer owned 575,966 shares of the company’s stock, valued at approximately $256,287,591.02. The trade was a 3.36% decrease in their position. The sale 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, insider Cynthia L. Tregillis sold 1,007 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $478.36, for a total transaction of $481,708.52. Following the transaction, the insider owned 112,155 shares in the company, valued at $53,650,465.80. This represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 23,210 shares of company stock worth $10,440,960. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Up 5.9%

Shares of WDC opened at $467.46 on Friday. Western Digital Corporation has a twelve month low of $91.43 and a twelve month high of $799.87. The company has a market capitalization of $161.12 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 1.87 and a beta of 2.13. The firm has a 50 day moving average of $506.03 and a 200 day moving average of $445.72.

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

Western Digital Dividend Announcement

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

Western Digital News Summary

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

• Positive Sentiment: A broad rally in memory stocks lifted Western Digital alongside SK Hynix and Seagate. Investors appear to be responding to stronger memory pricing, supply tightness and continued demand from artificial-intelligence data centers. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: Western Digital’s investment case is supported by AI-driven storage growth, higher hard-disk-drive pricing and expanding margins. Recent earnings also showed revenue growth and earnings above consensus, while management’s next-quarter guidance points to continued momentum. WDC Stock’s Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Positive Sentiment: China’s progress in memory manufacturing is not viewed as an immediate threat because Western Digital and peers reportedly have capacity committed under multiyear contracts. That could help protect near-term pricing and margins. Why China’s Memory Chip Breakthrough Won’t Crash the Market
• Neutral Sentiment: Analysts remain broadly constructive, with reported price targets above the current trading level, but the stock’s sharp six-month advance has made expectations demanding. Investors are watching whether future earnings estimates can justify the valuation. WDC Stock’s Big Rally: Buy, Sell, or Hold After a 70% 6-Month Surge?
• Negative Sentiment: Recent insider transactions have consisted of sales rather than purchases, including a director’s sale of roughly $2.5 million in shares. Insider selling and profit-taking previously pressured WDC, while the stock’s elevated valuation leaves it vulnerable if storage-sector momentum fades. Western Digital Falls as Sector Weakness and Insider Selling Weigh on Shares

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Fox Advisors cut Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. TD Cowen raised their price objective on Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup lowered their price objective on Western Digital from $800.00 to $740.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Weiss Ratings downgraded Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Susquehanna raised their price target on Western Digital from $360.00 to $500.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $534.56.

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.