Aaron Wealth Advisors LLC Acquires Shares of 4,253 Western Digital Corporation $WDC

Key Points

• Aaron Wealth Advisors LLC has acquired a new stake in Western Digital Corporation, purchasing 4,253 shares valued at approximately $272,000 during the second quarter.
• Western Digital's most recent quarterly earnings showed an EPS of $1.66, exceeding analyst estimates, and the company forecasts EPS of 1.540-1.690 for Q1 2026.
• Insiders have sold significant amounts of Western Digital stock recently, totaling 49,730 shares valued at nearly $3.92 million in the last 90 days.

Aaron Wealth Advisors LLC acquired a new position in Western Digital Corporation (NASDAQ:WDC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,253 shares of the data storage provider's stock, valued at approximately $272,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in 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 purchasing an additional 9,974 shares during the period. Parsifal Capital Management LP raised its position in 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 purchasing an additional 217,574 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Western Digital in the 1st quarter worth about $35,406,000. Asset Management One Co. Ltd. raised its position in 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 purchasing an additional 6,947 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in 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 purchasing an additional 5,711 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Western Digital

In other news, insider Vidyadhara K. Gubbi sold 11,343 shares of Western Digital stock in a transaction 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 sale, the insider directly owned 151,596 shares in the company, valued at approximately $13,687,602.84. The trade was a 6.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 14,067 shares of Western Digital stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $74.78, for a total transaction of $1,051,930.26. Following the sale, the insider owned 135,351 shares of the company's stock, valued at $10,121,547.78. The trade was a 9.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,730 shares of company stock valued at $3,921,594. 0.30% of the stock is currently owned by corporate insiders.

Western Digital Stock Up 0.5%

NASDAQ:WDC traded up $0.54 during midday trading on Tuesday, reaching $112.95. 1,698,235 shares of the stock traded hands, compared to its average volume of 7,963,229. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $113.40. The business has a 50-day moving average of $81.04 and a two-hundred day moving average of $59.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.08. The stock has a market capitalization of $39.41 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.20 and a beta of 1.69.

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

Western Digital Dividend Announcement

The business also recently disclosed 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. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, September 4th. Western Digital's payout ratio is presently 7.77%.

Analysts Set New Price Targets

A number of brokerages have commented on WDC. Citigroup upped their target price on shares of Western Digital from $88.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. 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 research note on Friday, August 1st. Benchmark upped their target price on shares of Western Digital from $85.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Mizuho upped their target price on shares of Western Digital from $87.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Zacks Research downgraded shares of Western Digital from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.68.

Western Digital 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.