Level Four Advisory Services LLC Acquires Shares of 9,862 Western Digital Corporation $WDC

Key Points

• Level Four Advisory Services LLC opened a new position in Western Digital by buying 9,862 shares in Q3, valued at about $1.184 million, as institutional investors now own roughly 92.51% of the stock.
• Western Digital posted an earnings beat (EPS $2.13 vs. $1.93; revenue $3.02B, +25.2% YoY) and Wall Street is largely bullish — consensus rating "Moderate Buy" with an average price target of $265.58 and several analyst targets in the $250–$310 range, supported by rising AI-driven storage demand.
• Significant insider selling has occurred recently: insiders sold 84,277 shares worth about $22.09 million over the last three months (including a $2.5M sale by Cynthia Tregillis), and insiders now hold just 0.18% of the company.

Level Four Advisory Services LLC bought a new position in Western Digital Corporation (NASDAQ:WDC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,862 shares of the data storage provider's stock, valued at approximately $1,184,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. ORG Partners LLC grew its position in Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider's stock valued at $25,000 after acquiring an additional 117 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider's stock worth $29,000 after purchasing an additional 204 shares during the last quarter. Grove Bank & Trust bought a new position in Western Digital during the 3rd quarter valued at about $30,000. Westfuller Advisors LLC acquired a new position in Western Digital in the third quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC grew its stake in Western Digital by 207.0% during 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. Institutional investors own 92.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Argus set a $300.00 target price on shares of Western Digital in a research note on Tuesday, February 3rd. Robert W. Baird set a $310.00 price objective on Western Digital in a research note on Monday, February 2nd. Loop Capital raised their target price on Western Digital to $250.00 and gave the company a "buy" rating in a research note on Monday, November 10th. Weiss Ratings upgraded shares of Western Digital from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 2nd. Finally, New Street Research set a $250.00 price objective on shares of Western Digital in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Western Digital has a consensus rating of "Moderate Buy" and an average price target of $265.58.

Insider Buying and Selling at Western Digital

In other news, insider Cynthia L. Tregillis sold 9,324 shares of the firm'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew E. Massengill sold 36,926 shares of Western Digital stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total value of $9,616,638.18. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 84,277 shares of company stock valued at $22,091,068 in the last three months. Insiders own 0.18% of the company's stock.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Investor bullishness on AI-driven, high-capacity nearline storage: multiple reports highlight that AI video and cloud AI workloads are materially increasing demand for HDD capacity and that WDC has strong visibility into hyperscaler bookings and sold-out 2026 capacity. Western Digital: AI's Unsung Storage Backbone
• Positive Sentiment: Favorable analyst and ranking momentum: coverage has tilted bullish with many buy/overweight ratings and high multi-hundred dollar price targets, and Zacks lists WDC among top AI-related names — supporting longer-term re-rating narratives. 3 Red Hot AI Stocks Sporting Favorable Zacks Ranks: SNDK, WDC, TER
• Positive Sentiment: Balance-sheet and strategic simplification: after spinning off its flash business, WDC redeemed senior notes, simplified capital structure, and refocused product branding (G-DRIVE) — moves that reduce leverage and clarify the company's standalone HDD story. Western Digital Refines Capital Structure And Brand Focus After Spin Off
• Neutral Sentiment: Valuation reassessment amid volatility: some investors are re-checking WDC’s valuation after big recent swings — positive revenue/net-income trends are balanced against a higher price multiple and elevated expectations for AI storage growth. Western Digital (WDC) Valuation Check After Recent Share Price Volatility And AI Storage Growth Expectations
• Neutral Sentiment: Peer-comparison and sector flow: articles comparing WDC to Seagate note both names were swung by the sector sell-off and subsequent bounce — positioning versus peers will matter for relative performance. Western Digital vs Seagate After the Sell-Off: One Storage Rival Is a Clear Winner
• Negative Sentiment: Cyclical and macro risk warnings: analysts and commentary caution that storage is cyclical — sell-offs tied to macro/geopolitical shocks (e.g., Iran-related risk) can quickly reverse sentiment even when demand fundamentals look strong. Western Digital: Don't Get Fooled By The Cycle
• Negative Sentiment: Insider selling and concentrated flows: reporting shows substantial insider sales and mixed institutional repositioning, which can sap confidence during pullbacks. Western Digital (WDC) jumps 8% as investors refocus on AI-driven storage demand after recent pullback

Western Digital Price Performance

Western Digital stock opened at $259.03 on Friday. The business's 50-day simple moving average is $245.11 and its 200 day simple moving average is $170.68. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The stock has a market cap of $87.82 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 0.60 and a beta of 1.76. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $309.90.

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

Western Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital's dividend payout ratio is currently 5.02%.

About Western Digital

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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