Comerica Bank Sells 10,731 Shares of Western Digital Corporation $WDC

Key Points

• Comerica Bank cut its stake in Western Digital by 16.7%, selling 10,731 shares and leaving it with 53,608 shares valued at about $9.235 million per its latest 13F filing.
• Western Digital beat quarterly expectations with $2.13 EPS (vs. $1.93 consensus) and $3.02 billion in revenue, lifting the stock (trading up ~5.6%) amid strong margins and year‑over‑year revenue growth of 25.2%.
• Insiders have been net sellers recently—CEO Irving Tan sold 20,000 shares—and insiders sold 92,711 shares (~$24.3M) in the last 90 days, even as analysts remain broadly positive (19 Buys vs. 4 Holds; consensus target ~$320.38).

Comerica Bank decreased its holdings in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,608 shares of the data storage provider's stock after selling 10,731 shares during the period. Comerica Bank's holdings in Western Digital were worth $9,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Western Digital during the fourth quarter valued at approximately $210,000. S.A. Mason LLC bought a new position in shares of Western Digital during the fourth quarter valued at approximately $134,000. Kestra Private Wealth Services LLC increased its stake in shares of Western Digital by 62.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 13,424 shares of the data storage provider's stock valued at $2,313,000 after purchasing an additional 5,173 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Western Digital by 62.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 342,516 shares of the data storage provider's stock valued at $59,040,000 after acquiring an additional 131,247 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Western Digital during the fourth quarter valued at approximately $41,000. Institutional investors own 92.51% of the company's stock.

Western Digital Trading Up 5.6%

NASDAQ:WDC opened at $412.76 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. Western Digital Corporation has a 12 month low of $41.83 and a 12 month high of $441.99. The company has a market cap of $139.94 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 0.84 and a beta of 1.77. The company has a 50 day simple moving average of $311.33 and a two-hundred day simple moving average of $231.78.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The firm's revenue was up 25.2% on a year-over-year basis. Research analysts forecast that Western Digital Corporation will post 8.52 earnings per share for the current year.

Insider Activity at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $255.44, for a total value of $5,108,800.00. Following the completion of the sale, the chief executive officer owned 623,586 shares of the company's stock, valued at approximately $159,288,807.84. The trade was a 3.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of Western Digital stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the completion of the sale, the insider directly owned 99,276 shares of the company's stock, valued at approximately $25,347,148.32. This trade represents a 7.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 92,711 shares of company stock worth $24,300,404. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

WDC has been the subject of several analyst reports. Cantor Fitzgerald reissued an "overweight" rating on shares of Western Digital in a research report on Monday. Susquehanna reissued a "neutral" rating and set a $285.00 price target on shares of Western Digital in a research report on Friday, February 6th. TD Cowen raised their price target on shares of Western Digital from $200.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Evercore raised their price target on shares of Western Digital from $378.00 to $410.00 and gave the company an "outperform" rating in a research report on Monday, April 20th. Finally, Citigroup raised their price target on shares of Western Digital to $405.00 and gave the company a "buy" rating in a research report on Monday, April 13th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $320.38.

Western Digital News Roundup

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

• Positive Sentiment: Seagate’s fiscal Q3 beat and bullish revenue/profit outlook signaled robust enterprise spending for AI infrastructure, which lifted sentiment across storage names and triggered WDC’s rally. Seagate Stock Soars After AI Demand Powers Big Earnings Beat
• Positive Sentiment: Analysts have been raising price targets and reiterating bullish views (BofA among them), citing improving pricing, stronger margins and buybacks — supportive for further upside into WDC’s results. Western Digital Stock Receives Bullish Price Target Upgrades Before Q3 Earnings
• Positive Sentiment: Upcoming fiscal Q3 (Apr 30) is a near-term catalyst—street expectations are high and some previews argue WDC is set to beat on AI-driven demand and margin expansion. Positive beat would likely sustain the rally. Dear Western Digital Stock Fans, Mark Your Calendars for April 30
• Neutral Sentiment: Options market implies a sizable expected move into earnings (~11.6%), highlighting elevated short-term volatility even if fundamentals remain constructive. Options Traders Expect an 11.63% Move in WDC Stock
• Neutral Sentiment: Retail promotions (e.g., WD_Black discount) are visible but are unlikely to move the stock materially compared with enterprise AI demand and analyst flows. WD_Black 2TB Xbox Storage Expansion Card Drops to $0.11 per GB
• Negative Sentiment: Elevated expectations and upgraded targets mean downside risk if WDC’s results or guidance fall short — several pieces warn that the rally could be pricing in aggressive growth. Why The Western Digital (WDC) Story Is Shifting As Analysts Reset Targets And Expectations

Western Digital Company 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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