Western Digital Corporation $WDC Shares Sold by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC cut its Western Digital stake by 17.3% in the second quarter, selling 3,923 shares and retaining 18,708 shares. Institutional investors and hedge funds collectively own 92.51% of WDC.
• Western Digital reported stronger-than-expected quarterly results: adjusted EPS was $3.56 versus the $3.31 consensus, while revenue rose 43.8% year over year to $3.75 billion. Management guided fiscal Q1 2027 EPS to $3.85–$4.15.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $534.56, though some firms have downgraded the stock. The company also declared a quarterly dividend of $0.15 per share, while insiders sold shares totaling about $11.46 million over the past 90 days.

Integrated Wealth Concepts LLC reduced its stake in Western Digital Corporation (NASDAQ:WDC - Free Report) by 17.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,708 shares of the data storage provider's stock after selling 3,923 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Western Digital were worth $11,949,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. lifted its stake in shares of Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider's stock worth $27,000 after buying an additional 407 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Western Digital in the 2nd quarter valued at $28,000. Dunhill Financial LLC purchased a new position in Western Digital in the 2nd quarter worth $29,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Western Digital in the 2nd quarter worth $31,000. Finally, Valley Wealth Managers Inc. acquired a new stake in Western Digital during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 92.51% of the company's stock.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $482.28 on Thursday. The business's 50 day moving average price is $496.79 and its 200-day moving average price is $450.83. Western Digital Corporation has a 1 year low of $93.92 and a 1 year high of $799.87. The firm has a market capitalization of $166.23 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.02 and a beta of 2.13.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, topping the consensus estimate of $3.31 by $0.25. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The firm's revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 EPS. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. On average, sell-side analysts expect that Western Digital Corporation will post 19.65 earnings per share for the current year.

Western Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital's dividend payout ratio is 2.48%.

Insider Buying and Selling

In related news, insider Vidyadhara K. Gubbi sold 1,795 shares of Western Digital stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $459.87, for a total value of $825,466.65. Following the sale, the insider directly owned 80,571 shares in the company, valued at approximately $37,052,185.77. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value of $8,899,400.00. Following the transaction, the chief executive officer directly owned 575,966 shares of the company's stock, valued at $256,287,591.02. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,437 shares of company stock worth $11,461,345 in the last 90 days. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WDC. Summit Insights downgraded Western Digital from a "buy" rating to a "hold" rating in a research note on Thursday, August 6th. Melius Research set a $1,050.00 price objective on shares of Western Digital and gave the company a "buy" rating in a research note on Monday, June 29th. Jefferies Financial Group set a $575.00 price objective on shares of Western Digital in a report on Tuesday, May 26th. Mizuho set a $590.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. Finally, Weiss Ratings cut shares of Western Digital from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $534.56.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: AI-driven storage demand remains a key growth catalyst. Rising data volumes from AI inference, agentic AI and other emerging workloads could support long-term demand for Western Digital’s data-center storage products. AI Data Explosion: Can WDC Become a Bigger Storage Winner?
• Positive Sentiment: Strong free cash flow supports shareholder returns. WDC entered fiscal 2027 with stronger cash generation and a net cash position, potentially enabling continued buybacks and dividend payments. The company recently declared a quarterly dividend of $0.15 per share. Can Western Digital's Strong FCF Sustain Buybacks and Dividends?
• Positive Sentiment: Recent operating performance has exceeded expectations. Western Digital’s latest reported quarter included adjusted earnings of $3.56 per share versus the $3.31 consensus estimate, while revenue rose 43.8% year over year to $3.75 billion. Fiscal first-quarter 2027 guidance of $3.85–$4.15 in EPS reinforces the bullish earnings narrative.
• Neutral Sentiment: Management’s Citi Global TMT Conference presentation is in focus. Investors are evaluating the company’s latest commentary on storage demand, AI exposure and fiscal 2027 prospects for additional clues about the sustainability of its growth. Western Digital Presents at Citi's 2026 Global TMT Conference
• Negative Sentiment: Valuation has become a concern. A separate analysis questions whether WDC is priced too aggressively after its substantial advance. With the stock trading at roughly 20 times earnings, further gains may depend on continued earnings growth and successful execution. Is Western Digital Priced Too High?
• Negative Sentiment: Insider selling adds a modest cautionary signal. Insider Vidyadhara Gubbi sold 1,795 shares and Cynthia Tregillis sold 432 shares. Both retained sizable holdings, and Tregillis’s transaction was made under a pre-arranged Rule 10b5-1 plan, reducing its significance as a bearish signal. Western Digital Insider Selling

Western Digital Profile

Western Digital Corporation NASDAQ: WDC develops, manufactures and sells data storage products and solutions for data centers, cloud service providers, enterprises, businesses and consumers. Its portfolio is centered on hard disk drives (HDDs), including high-capacity enterprise drives used in cloud and data center environments, as well as products for network-attached storage, surveillance and personal computing.

The company markets products under brands including Western Digital, WD, WD_BLACK and Ultrastar.

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