Koshinski Asset Management Inc. Invests $255,000 in Western Digital Corporation $WDC

Koshinski Asset Management Inc. acquired a new position in Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,481 shares of the data storage provider’s stock, valued at approximately $255,000.

Other large investors have also recently modified their holdings of the company. Avion Wealth increased its holdings in shares of Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after buying an additional 113 shares during the period. ORG Partners LLC increased its holdings in shares of Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after buying an additional 117 shares during the period. Concord Wealth Partners purchased a new position in shares of Western Digital in the fourth quarter worth about $41,000. Cullen Frost Bankers Inc. increased its holdings in shares of Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after buying an additional 204 shares during the period. Finally, Westfuller Advisors LLC purchased a new position in shares of Western Digital in the third quarter worth about $30,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insiders Place Their Bets

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the transaction, the insider owned 121,682 shares in the company, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the transaction, the chief executive officer owned 598,150 shares in the company, valued at $246,342,096. This trade represents a 3.24% 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. In the last quarter, insiders have sold 53,679 shares of company stock worth $18,049,314. Company insiders own 0.18% of the company’s stock.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Western Digital reported better-than-expected Q3 results, with EPS of $2.72 versus $2.39 expected and revenue of $3.34 billion versus $3.25 billion estimated, while also boosting its dividend by 20%. Western Digital (WDC) Stock Soars to Record Peak on Stellar Q3 Results and Dividend Boost
• Positive Sentiment: Several reports said WDC is benefiting from surging AI infrastructure spending, which is increasing demand for high-capacity data center storage and memory chips. Western Digital rallies 7% amid AI surge in Micron and Sandisk
• Positive Sentiment: Analyst commentary highlighted Western Digital as a potential winner from continued hyperscaler AI spending, reinforcing the bullish memory-storage trade. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Neutral Sentiment: Short-interest data showed 0 shares reported as of May 11, which does not provide a meaningful signal for investors.
• Neutral Sentiment: Related coverage also noted strong momentum in SanDisk and the broader memory ETF, adding to sector enthusiasm rather than changing WDC-specific fundamentals. SanDisk’s 4,000% Moonshot Just Made Its Parent The Underdog

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $515.83 on Tuesday. Western Digital Corporation has a 1 year low of $46.40 and a 1 year high of $525.15. The company has a market cap of $177.80 billion, a PE ratio of 30.80 and a beta of 2.10. The stock’s 50-day moving average is $334.30 and its 200 day moving average is $247.47.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned $1.36 EPS. Western Digital’s 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. Analysts expect that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on WDC. Morgan Stanley reiterated an “overweight” rating and issued a $488.00 price objective on shares of Western Digital in a report on Friday, May 1st. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Rosenblatt Securities lifted their price objective on Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 1st. The Goldman Sachs Group restated a “neutral” rating and set a $400.00 price target on shares of Western Digital in a report on Friday, May 1st. Finally, Evercore restated an “outperform” rating and set a $500.00 price target on shares of Western Digital in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $395.83.

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.