Savvy Advisors Inc. Takes Position in Western Digital Corporation $WDC

Savvy Advisors Inc. acquired a new position in Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,185 shares of the data storage provider’s stock, valued at approximately $382,000.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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. raised its stake in shares of Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after purchasing an additional 967 shares during the period. Sivia Capital Partners LLC purchased a new stake in Western Digital during the 2nd quarter worth about $307,000. Allspring Global Investments Holdings LLC boosted its holdings in Western Digital by 5.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 17,266 shares of the data storage provider’s stock valued at $1,102,000 after purchasing an additional 922 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Western Digital during the second quarter valued at $356,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital Price Performance

Shares of Western Digital stock opened at $281.58 on Monday. The company’s fifty day simple moving average is $216.93 and its two-hundred day simple moving average is $152.19. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $307.50. The firm has a market cap of $95.47 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 0.65 and a beta of 1.79. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the business posted $1.77 earnings per share. Western Digital’s revenue for the quarter was up 25.2% on a year-over-year basis. As a group, equities analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital’s dividend payout ratio (DPR) is currently 5.02%.

Insider Activity

In related news, Director Kimberly Alexy sold 1,768 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total value of $272,272.00. Following the completion of the sale, the director owned 3,585 shares of the company’s stock, valued at $552,090. This trade represents a 33.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the transaction, the chief executive officer directly owned 623,586 shares in the company, valued at approximately $159,288,807.84. The trade was a 3.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 70,522 shares of company stock valued at $17,661,708. 0.18% of the stock is owned by insiders.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Market recognition of WDC’s rally — coverage highlights WDC as the second-best performer in the S&P 500 for 2026 so far, underscoring momentum and investor interest in the stock. Read More.
• Positive Sentiment: Bullish investment thesis on AI storage upside — deep-dive pieces argue WDC is capturing enormous AI-driven demand, framing the recent gains as part of a multi-year opportunity. Read More.
• Positive Sentiment: Analyst momentum — WDC is appearing on Zacks’ Rank #1 (Strong Buy) lists and their best-growth lists, which can attract buy-side flows and momentum investors. Read More.
• Positive Sentiment: Positive media narratives around AI demand and product relevance — multiple outlets profile WDC as a critical supplier in the AI megatrend, reinforcing the growth story. Read More.
• Neutral Sentiment: Investor access / upcoming presentation — WDC will present at the Morgan Stanley TMT Conference on March 3; the webcast gives management a chance to update investors and could influence guidance/expectations. Read More.
• Negative Sentiment: Valuation and risk warnings after a massive rally — analysts note a ~300%+ one-year gain and ask whether risks (cyclical demand, supply, buyback sustainability, valuation) are building, which can prompt profit-taking and increased short-term volatility. Read More.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WDC shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $340.00 target price on shares of Western Digital in a research note on Wednesday, February 4th. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Western Digital in a research note on Monday, February 9th. TD Cowen lifted their target price on shares of Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Argus set a $300.00 price target on shares of Western Digital in a research report on Tuesday, February 3rd. Finally, Morgan Stanley raised their price objective on Western Digital from $260.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $265.58.

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.