Win Advisors Inc. Makes New Investment in Western Digital Corporation $WDC

Key Points

• Win Advisors Inc. opened a new position in Western Digital during the fourth quarter, buying 7,155 shares valued at about $1.23 million.
• Western Digital reported strong quarterly results, with earnings of $2.72 per share and revenue of $3.34 billion, both above analyst expectations, while revenue jumped 45.5% year over year.
• The company also raised its quarterly dividend to $0.15 per share from $0.13, and analysts remain mostly bullish with a consensus rating of Moderate Buy and an average price target of $395.83.

Win Advisors Inc. acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,155 shares of the data storage provider's stock, valued at approximately $1,233,000.

A number of other large investors also recently made changes to their positions in WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Western Digital by 7.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider's stock valued at $1,698,000 after buying an additional 3,019 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Western Digital by 229.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider's stock valued at $56,000 after acquiring an additional 967 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Western Digital during the 2nd quarter worth approximately $307,000. Cresset Asset Management LLC acquired a new stake in Western Digital in the second quarter valued at $292,000. Finally, Federated Hermes Inc. grew its holdings 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 during the period. Institutional investors and hedge funds own 92.51% of the company's stock.

Western Digital Stock Up 7.5%

Shares of NASDAQ WDC opened at $515.83 on Tuesday. The firm has a market cap of $177.80 billion, a PE ratio of 30.80 and a beta of 2.10. Western Digital Corporation has a 12-month low of $46.40 and a 12-month high of $525.15. The company's fifty day simple moving average is $334.30 and its 200 day simple moving average is $247.47.

Western Digital (NASDAQ:WDC - Get Free Report) last released 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. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The business's quarterly revenue was up 45.5% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a boost from Western Digital's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. Western Digital's dividend payout ratio is 2.99%.

Insider Buying and Selling

In other news, insider Vidyadhara K. Gubbi sold 4,674 shares of Western Digital stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the transaction, the insider owned 90,041 shares in the company, valued at $39,905,270.79. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cynthia L. Tregillis sold 363 shares of Western Digital stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $377.09, for a total transaction of $136,883.67. Following the completion of the transaction, the insider owned 120,023 shares of the company's stock, valued at $45,259,473.07. The trade was a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 53,679 shares of company stock worth $18,049,314. Insiders own 0.18% of the company's stock.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Western Digital’s stock is getting support from a strong Q3 earnings report, with $2.72 EPS versus $2.39 expected and $3.34 billion in revenue versus $3.25 billion expected, plus a 20% dividend increase that signals management confidence. Western Digital (WDC) Stock Soars to Record Peak on Stellar Q3 Results and Dividend Boost
• Positive Sentiment: Multiple articles highlight Western Digital as a beneficiary of the AI storage boom, with hyperscaler spending driving demand for memory and high-capacity data center storage. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Positive Sentiment: Western Digital has also been included in “AI dividend increases” and other bullish stock-idea pieces, reinforcing the market’s view that the company is both an AI play and a capital-return story. AI Dividend Increases: 3 Massive Winners Boosting Payouts (WDC)
• Positive Sentiment: Shares have been boosted by sector-wide momentum in memory and storage, including surging interest in SanDisk and memory ETFs, which is helping lift sentiment across the group. Western Digital rallies 7% amid AI surge in Micron and Sandisk
• Neutral Sentiment: Several articles focus on valuation after the stock’s sharp multi-week surge, suggesting investors are now debating whether WDC is still attractively priced after a huge run-up. Is It Too Late To Consider Western Digital (WDC) After Its AI Storage Fueled Surge?
• Neutral Sentiment: Coverage of SanDisk’s explosive post-spin gains is indirectly relevant because it highlights the strength of the broader memory/storage theme, though it is not a direct catalyst for WDC itself. SanDisk Did In Months What Nvidia Took 9 Years To Pull Off — And The Chart Looks Almost Unreal
• Neutral Sentiment: Short-interest data showed no meaningful short position, so it does not appear to be a major driver of the move.

Analysts Set New Price Targets

WDC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Western Digital from $320.00 to $400.00 and gave the company an "overweight" rating in a report on Thursday, April 16th. Barclays boosted their price objective on shares of Western Digital from $405.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Robert W. Baird upped their price target on shares of Western Digital from $310.00 to $450.00 and gave the stock an "outperform" rating in a report on Monday, May 4th. Evercore reaffirmed an "outperform" rating and set a $500.00 price target on shares of Western Digital in a report on Friday, May 1st. Finally, Truist Financial set a $310.00 price objective on shares of Western Digital in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $395.83.

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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