United Services Automobile Association Buys Shares of 7,786 Western Digital Corporation $WDC

United Services Automobile Association bought a new stake in Western Digital Corporation (NASDAQ:WDC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,786 shares of the data storage provider’s stock, valued at approximately $316,000.

A number of other large investors also recently bought and sold shares of WDC. Zions Bancorporation National Association UT acquired a new position in Western Digital in the first quarter valued at about $29,000. Allworth Financial LP increased its stake in Western Digital by 34.1% during the first quarter. Allworth Financial LP now owns 955 shares of the data storage provider’s stock worth $38,000 after purchasing an additional 243 shares during the period. Elequin Capital LP purchased a new stake in Western Digital during the fourth quarter worth about $40,000. MorganRosel Wealth Management LLC purchased a new stake in Western Digital during the first quarter worth about $40,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Western Digital by 242.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,208 shares of the data storage provider’s stock worth $49,000 after purchasing an additional 855 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WDC shares. The Goldman Sachs Group started coverage on shares of Western Digital in a research note on Thursday, July 10th. They set a “neutral” rating and a $70.00 price target on the stock. TD Cowen boosted their price target on shares of Western Digital from $58.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Bank of America boosted their price target on shares of Western Digital from $62.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Barclays boosted their price target on shares of Western Digital from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, UBS Group upped their target price on shares of Western Digital from $45.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.89.

Western Digital Price Performance

WDC stock opened at $97.66 on Friday. The company has a market capitalization of $34.07 billion, a P/E ratio of 18.96, a PEG ratio of 1.16 and a beta of 1.69. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $98.86. The business has a 50 day simple moving average of $76.27 and a 200-day simple moving average of $57.20. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Wednesday, July 30th. The data storage provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.18. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.45 billion. Western Digital had a return on equity of 24.93% and a net margin of 14.13%.The company’s revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 earnings per share. Western Digital has set its Q1 2026 guidance at 1.540-1.690 EPS. As a group, equities analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Western Digital’s dividend payout ratio (DPR) is currently 7.77%.

Insider Buying and Selling

In other Western Digital news, insider Cynthia L. Tregillis sold 14,067 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $74.78, for a total value of $1,051,930.26. Following the completion of the sale, the insider owned 135,351 shares of the company’s stock, valued at approximately $10,121,547.78. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gene M. Zamiska sold 353 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $80.90, for a total value of $28,557.70. Following the completion of the sale, the senior vice president directly owned 27,425 shares of the company’s stock, valued at approximately $2,218,682.50. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,975 shares of company stock valued at $3,935,806 in the last ninety days. Company insiders own 0.30% of the company’s stock.

Western Digital Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.