3,642 Shares in Western Digital Corporation $WDC Acquired by Greenleaf Trust

Key Points

• Greenleaf Trust acquired 3,642 shares of Western Digital Corporation, valued at approximately $233,000, during the second quarter, adding to the growing interest from institutional investors.
• Insiders, including Cynthia L. Tregillis and Vidyadhara K. Gubbi, have sold significant shares recently, indicating a decrease in their ownership percentages.
• Western Digital’s quarterly earnings surpassed estimates with reported EPS of $1.66, and the company has set guidance for Q1 2026 at 1.540-1.690 EPS.

Greenleaf Trust purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,642 shares of the data storage provider's stock, valued at approximately $233,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parsifal Capital Management LP raised its holdings in shares of Western Digital by 32.0% in the 1st quarter. Parsifal Capital Management LP now owns 897,574 shares of the data storage provider's stock worth $36,289,000 after acquiring an additional 217,574 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Western Digital by 52.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,838 shares of the data storage provider's stock worth $1,166,000 after acquiring an additional 9,974 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Western Digital in the 1st quarter worth about $35,406,000. Asset Management One Co. Ltd. raised its holdings in shares of Western Digital by 5.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 144,307 shares of the data storage provider's stock worth $5,834,000 after acquiring an additional 6,947 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Western Digital by 6.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 89,244 shares of the data storage provider's stock worth $3,608,000 after acquiring an additional 5,711 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

Insider Buying and Selling at Western Digital

In related news, insider Cynthia L. Tregillis sold 14,067 shares of Western Digital stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $74.78, for a total value of $1,051,930.26. Following the completion of the transaction, the insider directly owned 135,351 shares in the company, valued at approximately $10,121,547.78. The trade was a 9.41% decrease in their position. 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 Western Digital stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $90.29, for a total transaction of $1,024,159.47. Following the completion of the transaction, the insider owned 151,596 shares of the company's stock, valued at $13,687,602.84. This represents a 6.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,730 shares of company stock valued at $3,921,594 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WDC. Zacks Research lowered shares of Western Digital from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. Susquehanna upped their target price on shares of Western Digital from $40.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. The Goldman Sachs Group began coverage on shares of Western Digital in a research note on Thursday, July 10th. They issued a "neutral" rating and a $70.00 price objective for the company. TD Cowen increased their price objective on shares of Western Digital from $58.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Sanford C. Bernstein upgraded shares of Western Digital to a "hold" rating in a research note on Tuesday, September 16th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Western Digital presently has a consensus rating of "Moderate Buy" and an average price target of $91.47.

Western Digital Trading Up 0.0%

Shares of WDC stock opened at $131.31 on Friday. The company has a 50 day moving average of $90.08 and a 200-day moving average of $64.42. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.47. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $137.40. The firm has a market cap of $45.81 billion, a P/E ratio of 25.50, a PEG ratio of 1.10 and a beta of 1.77.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The data storage provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.18. Western Digital had a net margin of 14.13% and a return on equity of 24.93%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business posted $1.44 EPS. Western Digital's quarterly revenue was up 30.0% compared to the same quarter last year. Western Digital has set its Q1 2026 guidance at 1.540-1.690 EPS. Sell-side analysts anticipate that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, September 4th. Western Digital's payout ratio is currently 7.77%.

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.

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