Catalyst Financial Partners LLC Buys Shares of 1,703 Western Digital Corporation $WDC

Catalyst Financial Partners LLC purchased a new position in Western Digital Corporation (NASDAQ:WDC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,703 shares of the data storage provider’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Western Digital by 12.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock worth $6,281,000 after acquiring an additional 5,731 shares during the period. LBP AM SA bought a new position in Western Digital during the third quarter valued at approximately $641,000. AustralianSuper Pty Ltd purchased a new stake in Western Digital in the third quarter worth approximately $34,244,000. NorthCrest Asset Manangement LLC boosted its holdings in Western Digital by 75.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after purchasing an additional 4,068 shares during the last quarter. Finally, Cantor Fitzgerald L. P. grew its position in Western Digital by 399.8% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after purchasing an additional 25,987 shares during the period. 92.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Western Digital news, insider Cynthia L. Tregillis sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $377.09, for a total transaction of $136,883.67. Following the sale, the insider owned 120,023 shares in the company, valued at approximately $45,259,473.07. This trade represents a 0.30% decrease in their position. The transaction 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 4,674 shares of Western Digital stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the transaction, the insider directly owned 90,041 shares in the company, valued at $39,905,270.79. This represents a 4.93% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 53,679 shares of company stock valued at $18,049,314. 0.18% of the stock is owned by corporate insiders.

Western Digital Price Performance

NASDAQ:WDC opened at $489.15 on Friday. Western Digital Corporation has a one year low of $48.81 and a one year high of $525.15. The business has a fifty day moving average price of $347.73 and a 200-day moving average price of $255.19. The firm has a market capitalization of $168.60 billion, a price-to-earnings ratio of 29.20 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the business earned $1.36 earnings per share. Western Digital’s quarterly revenue 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 expect that Western Digital Corporation will post 9.57 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a dividend of $0.15 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital’s dividend payout ratio is presently 2.99%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WDC shares. Argus set a $300.00 price target on Western Digital in a report on Tuesday, February 3rd. Susquehanna reaffirmed a “neutral” rating and issued a $285.00 price objective on shares of Western Digital in a report on Friday, February 6th. Bank of America upped their price objective on Western Digital to $495.00 and gave the company a “buy” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. increased their target price on Western Digital from $320.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Citigroup boosted their price target on Western Digital from $405.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.83.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Western Digital was named to the 2026 S&P Dow Jones Best-in-Class Index North America for the first time, highlighting its ESG performance and leadership in sustainable AI infrastructure. WD Named to 2026 S&P Dow Jones Best?in?Class Index North America, Recognizing Leadership in Sustainable AI Infrastructure
• Positive Sentiment: Multiple reports point to WDC riding an AI storage boom, with strong earnings, rising hyperscaler demand, and aggressive shareholder returns after the SanDisk split. WDC’s Whopping 893% Run in a Year: Buy the Stock Amid AI Storage Boom?
• Positive Sentiment: Memory chip stocks, including Western Digital, have been rising on momentum tied to AI demand and the view that storage is a critical constraint in data-center buildouts. SNDK, MU: Why Are AI Memory Chip Stocks Rising Today, 05/13/26?
• Neutral Sentiment: Broader market commentary also noted Western Digital among the recent high-momentum stocks, reflecting strong investor interest rather than a company-specific new catalyst. 2 Momentum Stocks to Consider Right Now and 1 That Underwhelm
• Negative Sentiment: One sector-risk report flagged WDC’s broader industry as vulnerable ahead of a policy change, which could temper some of the recent enthusiasm if macro conditions weaken. 3 Sectors That Look Most Vulnerable Ahead of May 15 (WDC)

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.