Assetmark Inc. Purchases 164,537 Shares of Western Digital Corporation $WDC

Key Points

• Assetmark Inc. increased its stake in Western Digital by 156.1% in Q4, purchasing 164,537 shares to hold 269,910 shares worth about $46.5M (≈0.08% of the company).
• Western Digital beat expectations in the most recent quarter with $2.13 EPS (vs. $1.93 est.) and $3.02B revenue (up 25.2% YoY), and currently has a market cap near $124.2B.
• Analysts are bullish—several firms raised targets (Citigroup to $405, Morgan Stanley to $380) and the consensus is a “Moderate Buy” at $288.33—yet insiders sold roughly $24.3M of stock last quarter.

Assetmark Inc. grew its position in Western Digital Corporation (NASDAQ:WDC - Free Report) by 156.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,910 shares of the data storage provider's stock after acquiring an additional 164,537 shares during the quarter. Assetmark Inc. owned 0.08% of Western Digital worth $46,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. 44 Wealth Management LLC increased its stake in Western Digital by 0.8% in the 3rd quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider's stock worth $1,120,000 after acquiring an additional 78 shares during the last quarter. Addison Advisors LLC increased its stake in Western Digital by 7.1% in the 3rd quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider's stock worth $154,000 after acquiring an additional 85 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Western Digital by 41.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 293 shares of the data storage provider's stock worth $50,000 after acquiring an additional 86 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in Western Digital by 47.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 300 shares of the data storage provider's stock worth $52,000 after acquiring an additional 97 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its stake in Western Digital by 3.1% in the 3rd quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider's stock worth $430,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 92.51% of the company's stock.

Western Digital Stock Performance

NASDAQ WDC opened at $366.22 on Wednesday. The business's 50 day moving average price is $287.43 and its 200-day moving average price is $212.10. The company has a market cap of $124.16 billion, a P/E ratio of 36.73, a P/E/G ratio of 0.81 and a beta of 1.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. Western Digital Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $366.30.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.93 by $0.20. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.Western Digital's quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 EPS. Sell-side analysts predict 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 Wednesday, March 18th. Shareholders of record on Thursday, March 5th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital's dividend payout ratio is 5.02%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citigroup lifted their price objective on Western Digital to $405.00 and gave the stock a "buy" rating in a research note on Monday. Argus set a $300.00 price objective on Western Digital in a research note on Tuesday, February 3rd. Morgan Stanley lifted their price objective on Western Digital to $380.00 and gave the stock an "overweight" rating in a research note on Monday, April 6th. Truist Financial set a $310.00 price objective on Western Digital in a research note on Tuesday, February 3rd. Finally, Bank of America boosted their target price on Western Digital from $197.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, January 20th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Western Digital has a consensus rating of "Moderate Buy" and a consensus target price of $288.33.

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 on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider owned 121,682 shares of the company's stock, valued at $32,643,630.14. This represents a 7.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total value of $2,743,105.88. Following the completion of the sale, the insider owned 107,794 shares of the company's stock, valued at $29,137,796.14. This represents a 8.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 92,795 shares of company stock worth $24,265,884. Insiders own 0.18% of the company's stock.

More Western Digital News

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

• Positive Sentiment: Multiple brokerages raised ratings and price targets on WDC, lifting investor sentiment—Bernstein upgraded to Outperform and raised its target to $340. Analysts Positive on Western Digital (WDC) as AI Boosts Memory Demand
• Positive Sentiment: Citi / Citigroup raised price targets on WDC (and Seagate), keeping Buy ratings as they see AI data growth supercharging storage pricing; separate reports cite Citigroup boosting WDC to $405. Citi Raises Seagate and Western Digital Targets
• Positive Sentiment: Evercore and other firms highlight SanDisk/WDC as core beneficiaries of an AI “picks-and-shovels” trade; Evercore raised its WDC target to $378, reinforcing momentum for WD-branded NAND/SSD assets. A Massive Storage Shift Is Underway — And Western Digital (WDC) May Be At The Center
• Positive Sentiment: Sector momentum: memory and HDD stocks (including WDC, SanDisk, Seagate, Micron) have been leading the chip rally as investors rotate into AI infrastructure plays. Nvidia's AI Reign Under Threat: These 4 Memory Stocks Are Now Leading The Chip Rally
• Positive Sentiment: Company messaging from the Q1 2026 earnings call and transcript emphasizes HDDs as the most cost-effective solution for zettabyte-scale AI storage and describes internal AI usage to speed product development—this supports both revenue and margin narratives. Western Digital (WDC) Q1 2026 Earnings Transcript
• Neutral Sentiment: Roundhill launched a DRAM-focused ETF to capitalize on AI memory demand, which may channel incremental institutional flows into memory-related names including WDC. This New ETF Aims to Capitalize on Surging AI Memory Chip Demand (WDC)
• Neutral Sentiment: Western Digital scheduled its next quarterly results release for April 30, 2026 — an event that could add volatility depending on guidance and execution vs. lofty expectations. Sandisk Bumps Atlassian Off the Nasdaq 100
• Neutral Sentiment: Retail promotions (e.g., a sale on WD Blue SSD) are minor consumer-level items and unlikely to move the stock materially. Western Digital WD Blue SA510 SATA SSD drops to $299.99
• Negative Sentiment: Insider selling was reported (~$16M of divestitures), which some investors view as a cautionary signal amid rapid run-ups—worth monitoring but not unusual after big gains. More Money In The Bank For Western Digital Insiders Who Divested US$16m

Western Digital 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.

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