SteelPeak Wealth LLC Buys 2,611 Shares of Western Digital Corporation $WDC

SteelPeak Wealth LLC boosted its stake in Western Digital Corporation (NASDAQ:WDC) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,568 shares of the data storage provider’s stock after purchasing an additional 2,611 shares during the quarter. SteelPeak Wealth LLC’s holdings in Western Digital were worth $1,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Parsifal Capital Management LP boosted its position in shares of Western Digital by 32.0% during the 1st quarter. Parsifal Capital Management LP now owns 897,574 shares of the data storage provider’s stock valued at $36,289,000 after acquiring an additional 217,574 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Western Digital by 52.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,838 shares of the data storage provider’s stock valued at $1,166,000 after acquiring an additional 9,974 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Western Digital during the 1st quarter valued at about $35,406,000. Greenleaf Trust bought a new stake in shares of Western Digital during the 2nd quarter valued at about $233,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Western Digital by 5.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 144,307 shares of the data storage provider’s stock valued at $5,834,000 after buying an additional 6,947 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Price Performance

Shares of Western Digital stock opened at $119.93 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.08 and a quick ratio of 0.84. The business’s 50 day simple moving average is $92.19 and its two-hundred day simple moving average is $65.51. The stock has a market capitalization of $41.84 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 1.05 and a beta of 1.77. Western Digital Corporation has a one year low of $28.83 and a one year high of $137.40.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Wednesday, July 30th. The data storage provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.18. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Western Digital had a return on equity of 24.93% and a net margin of 14.13%.The business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 EPS. Western Digital has set its Q1 2026 guidance at 1.540-1.690 EPS. Analysts forecast that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Western Digital’s payout ratio is 7.77%.

Insiders Place Their Bets

In other news, SVP Gene M. Zamiska sold 3,160 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $75.68, for a total transaction of $239,148.80. Following the transaction, the senior vice president directly owned 31,560 shares of the company’s stock, valued at approximately $2,388,460.80. The trade was a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 11,343 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $90.29, for a total value of $1,024,159.47. Following the transaction, the insider directly owned 151,596 shares in the company, valued at $13,687,602.84. This trade represents a 6.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,730 shares of company stock valued at $3,921,594 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wedbush raised their price objective on Western Digital from $78.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Benchmark raised their price objective on Western Digital from $85.00 to $115.00 and gave the company a “buy” rating in a report on Monday, September 15th. Barclays raised their price objective on Western Digital from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Sanford C. Bernstein raised Western Digital to a “hold” rating in a report on Tuesday, September 16th. Finally, Rosenblatt Securities raised their price objective on Western Digital from $90.00 to $125.00 and gave the company a “buy” rating in a report on Monday, September 29th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.47.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.