Western Digital Corporation $WDC Shares Sold by Yousif Capital Management LLC

Key Points

• Western Digital posted a quarterly beat (EPS $2.13 vs $1.93 est., revenue $3.02B, +25.2% YoY) and shares recently hit an intraday all‑time high amid strong AI/data‑center storage demand.
• Analyst sentiment is largely bullish — 21 Buys vs 3 Holds — giving a consensus rating of "Moderate Buy" and an average price target of $278.83, with several firms issuing targets up to $340.00.
• Institutional and insider activity shows rotation: Yousif Capital trimmed its stake by 8.8% to 37,303 shares (~$6.43M), while insiders have sold 92,795 shares (~$24.27M) over the past 90 days (insiders own 0.18%).

Yousif Capital Management LLC lessened its position 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 disclosure with the SEC. The firm owned 37,303 shares of the data storage provider's stock after selling 3,620 shares during the quarter. Yousif Capital Management LLC's holdings in Western Digital were worth $6,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Western Digital by 0.6% during the third quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider's stock valued at $5,196,484,000 after buying an additional 243,177 shares during the period. WCM Investment Management LLC acquired a new stake in Western Digital during the third quarter valued at $791,317,000. Holocene Advisors LP grew its position in Western Digital by 8.5% during the second quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider's stock valued at $354,247,000 after buying an additional 431,419 shares during the period. Northern Trust Corp grew its position in Western Digital by 11.2% during the third quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider's stock valued at $456,884,000 after buying an additional 384,103 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Western Digital by 11.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider's stock valued at $456,737,000 after buying an additional 402,981 shares during the period. Institutional investors and hedge funds own 92.51% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on WDC shares. Mizuho raised their price target on shares of Western Digital to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Western Digital from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. The Goldman Sachs Group set a $250.00 target price on shares of Western Digital in a research note on Tuesday, February 3rd. Cantor Fitzgerald upped their price target on shares of Western Digital to $325.00 and gave the stock an "overweight" rating in a research report on Friday, January 30th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $340.00 price target on shares of Western Digital in a research note on Wednesday, February 4th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $278.83.

Insider Buying and Selling at Western Digital

In related news, insider Cynthia L. Tregillis sold 9,324 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 121,682 shares in the company, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew E. Massengill sold 36,926 shares of the business's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 92,795 shares of company stock valued at $24,265,884. 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: Morgan Stanley raised its price target and kept an Overweight rating (and other broker positivity), supporting upside expectations for HDD demand and WDC’s shares. Morgan Stanley and Bernstein Positive on Western Digital (WDC)
• Positive Sentiment: Shares recently hit an all-time intraday high, reflecting strong momentum driven by AI/data-center storage demand and investor rotation into memory/storage names. Western Digital stock reaches all-time high at $334.48
• Positive Sentiment: Analysts expect robust Q3 fiscal results with double‑digit earnings growth, which supports the bull case that AI-driven capacity needs will keep revenue and margins healthy. Western Digital's Q3 2026 Earnings: What to Expect
• Positive Sentiment: Some market commentary frames recent pullbacks (e.g., after TurboQuant headlines) as buying opportunities given strong AI-driven storage demand, suggesting contrarian upside for patient investors. Memory Wipe: The Great TurboQuant Miscalculation (WDC)
• Neutral Sentiment: WDC announced an open-source quantum error-correction alliance — a positive long-term R&D/positioning move but unlikely to move near-term revenue; more strategic than immediate catalyst. Western Digital Taps Open Source Quantum Error Correction For Future Storage
• Negative Sentiment: Valuation concerns are rising after a ~7x one‑year surge; some investors are questioning whether current prices already reflect future growth, increasing volatility risk. Is It Too Late To Consider Western Digital (WDC) After Its 7x One Year Surge?
• Negative Sentiment: Analyst and media attention shifting to Seagate as the preferred pick (citing margin upside) could divert flows away from WDC if investors favor Seagate’s near‑term fundamentals. Move Over, Western Digital! Why Seagate Is the New Top Stock Pick
• Negative Sentiment: Concerns about Google’s TurboQuant and other compression/optimization tech have previously pressured memory/storage names by suggesting lower incremental storage demand; this remains a headline risk for WDC. Is Western Digital Corporation (WDC) at Threat from Google’s TurboQuant?

Western Digital Trading Down 0.3%

Shares of Western Digital stock opened at $337.88 on Friday. The firm has a market capitalization of $114.55 billion, a PE ratio of 33.89, a P/E/G ratio of 0.78 and a beta of 1.77. Western Digital Corporation has a twelve month low of $33.42 and a twelve month high of $348.00. The firm's 50-day moving average price is $282.45 and its 200 day moving average price is $205.59. 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 (NASDAQ:WDC - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates 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%. Western Digital's quarterly revenue was up 25.2% compared to the same quarter last year. During the same period last year, the company posted $1.77 EPS. On average, sell-side analysts predict that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Thursday, March 5th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a yield of 0.1%. Western Digital's payout ratio is presently 5.02%.

Western Digital 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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