Western Digital Corporation $WDC Shares Purchased by Lido Advisors LLC

Key Points

• Lido Advisors LLC increased its stake in Western Digital by 8.8% in the fourth quarter, adding 3,091 shares to bring its total to 38,400 shares worth about $6.6 million.
• Western Digital has seen significant institutional and analyst support, with 92.51% of shares held by institutions and hedge funds, and multiple analysts recently raising price targets or upgrading the stock. The current consensus rating is Moderate Buy with an average price target of $424.33.
• The company reported strong quarterly results, beating earnings and revenue estimates, and also raised its quarterly dividend to $0.15 per share. Despite the fundamentals, the stock has been volatile after a sharp run-up and was down 11.1% in the latest session.

Lido Advisors LLC increased its stake in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,400 shares of the data storage provider's stock after acquiring an additional 3,091 shares during the period. Lido Advisors LLC's holdings in Western Digital were worth $6,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Western Digital by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider's stock worth $1,698,000 after purchasing an additional 3,019 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Western Digital by 229.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider's stock worth $56,000 after purchasing an additional 967 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Western Digital during the second quarter worth approximately $307,000. Cresset Asset Management LLC purchased a new position in Western Digital during the second quarter worth approximately $292,000. Finally, Federated Hermes Inc. boosted its position in Western Digital by 55.3% during the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider's stock worth $152,000 after purchasing an additional 845 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Western Digital

In other news, insider Cynthia L. Tregillis sold 432 shares of Western Digital stock in a transaction on Friday, June 5th. The stock was sold at an average price of $545.60, for a total value of $235,699.20. Following the completion of the sale, the insider directly owned 116,643 shares of the company's stock, valued at approximately $63,640,420.80. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of Western Digital stock in a transaction on Monday, June 1st. The shares were sold at an average price of $556.24, for a total value of $1,376,694.00. Following the completion of the sale, the insider directly owned 85,154 shares of the company's stock, valued at $47,366,060.96. The trade was a 2.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 29,322 shares of company stock valued at $12,768,550. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Western Digital from $350.00 to $375.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Robert W. Baird increased their price target on Western Digital from $310.00 to $450.00 and gave the stock an "outperform" rating in a research report on Monday, May 4th. Sanford C. Bernstein upgraded Western Digital from a "market perform" rating to an "outperform" rating and set a $340.00 price target on the stock in a research report on Tuesday, March 31st. Zacks Research upgraded Western Digital from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities increased their price target on Western Digital from $340.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $424.33.

Western Digital Trading Down 11.1%

Shares of NASDAQ WDC opened at $511.72 on Friday. Western Digital Corporation has a twelve month low of $54.60 and a twelve month high of $602.54. The stock has a fifty day simple moving average of $422.06 and a 200-day simple moving average of $294.77. The stock has a market capitalization of $176.38 billion, a PE ratio of 30.55 and a beta of 2.13.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.25 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The company's revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities analysts predict that Western Digital Corporation will post 9.57 earnings per share for the current year.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is a boost from Western Digital's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital's payout ratio is presently 2.99%.

Western Digital News Roundup

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

• Positive Sentiment: Western Digital is benefiting from strong investor enthusiasm around AI-driven storage demand, with recent articles highlighting new AI-focused storage technologies, improved analyst valuation estimates, and expectations for firmer HDD and memory pricing. Why Western Digital (WDC) Is Up 12.0% After Unveiling New AI‑Focused Storage Technologies
• Positive Sentiment: Citigroup reportedly raised its price target on Western Digital by 37%, helping push the stock to fresh highs as investors positioned ahead of the company’s Computex-related AI announcements. Western Digital (WDC) Hits All-Time High as Citi Hikes PT by 37%
• Positive Sentiment: The company has also been cleaning up its balance sheet and making more AI-related moves, which some investors view as supporting additional upside. Western Digital Could Be Halfway Through Retiring 2028 Convertible Debt. What It Means for the Stock.
• Neutral Sentiment: Western Digital’s recent earnings were strong, with the company beating estimates and issuing upbeat guidance, but the stock still saw a short-term dip as some traders appeared to take profits after a big run. Western Digital (WDC) Stock Dips 3% Despite Strong Earnings—Should Investors Buy the Pullback?
• Neutral Sentiment: Recent coverage also notes that the broader market and semiconductor stocks have been choppy, with Broadcom’s cautious AI outlook pressuring memory names like Western Digital even after the company’s strong news flow. MU, SNDK, WDC: Memory Stocks Dip As Broadcom’s Forecast Dampens AI Sentiment, Retail Turns Buyer
• Negative Sentiment: One near-term headwind is profit-taking after Western Digital’s rapid run-up to all-time highs, which has led to some price weakness despite the longer-term bullish narrative. Western Digital (WDC) Stock Dips While Market Gains: Key Facts

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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