Diversify Advisory Services LLC Buys Shares of 3,340 Western Digital Corporation $WDC

Key Points

• Diversify Advisory Services LLC opened a new position in Western Digital, buying 3,340 shares in Q4 worth about $575,000, and overall institutional investors now own roughly 92.51% of the stock.
• Multiple brokerages have raised ratings and price targets on WDC amid an AI-driven boost to memory/storage demand; the stock jumped ~4.6% to about $366 after Western Digital reported an EPS and revenue beat, while the consensus analyst target is $288.33.
• Insider selling was material last quarter—about 92,795 shares worth $24.27 million (including CEO sales)—with corporate insiders now holding just 0.18% of the company’s stock.

Diversify Advisory Services LLC acquired a new position in Western Digital Corporation (NASDAQ:WDC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,340 shares of the data storage provider's stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC lifted its stake in shares of Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider's stock worth $25,000 after buying an additional 117 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider's stock worth $29,000 after buying an additional 204 shares during the last quarter. Grove Bank & Trust acquired a new stake in shares of Western Digital in the third quarter worth $30,000. Westfuller Advisors LLC acquired a new stake in shares of Western Digital in the third quarter worth $30,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Western Digital by 207.0% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider's stock worth $32,000 after buying an additional 178 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Western Digital from $200.00 to $325.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Mizuho boosted their price objective on shares of Western Digital to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. The Goldman Sachs Group set a $250.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Bank of America boosted their price objective on shares of Western Digital from $197.00 to $257.00 and gave the stock a "buy" rating in a research note on Tuesday, January 20th. Finally, Zacks Research cut shares of Western Digital from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 31st. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $288.33.

Western Digital Trading Up 4.6%

Shares of Western Digital stock opened at $366.22 on Wednesday. The firm has a market capitalization of $124.16 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 0.81 and a beta of 1.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The company's fifty day moving average price is $287.43 and its two-hundred day moving average price is $212.10. Western Digital Corporation has a 52-week low of $35.00 and a 52-week high of $366.30.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.20. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business's revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 EPS. On average, analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were issued 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 payout ratio is 5.02%.

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

Insider Buying and Selling at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 623,586 shares of the company's stock, valued at $159,288,807.84. The trade was a 3.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cynthia L. Tregillis sold 9,324 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the sale, the insider directly owned 121,682 shares in the company, valued at $32,643,630.14. This trade represents a 7.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 92,795 shares of company stock worth $24,265,884. Corporate insiders own 0.18% of the company's stock.

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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