FNY Investment Advisers LLC Boosts Stock Holdings in Western Digital Corporation $WDC

FNY Investment Advisers LLC grew its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 2,685.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,605 shares of the data storage provider’s stock after buying an additional 17,937 shares during the quarter. Western Digital makes up 0.7% of FNY Investment Advisers LLC’s holdings, making the stock its 22nd biggest holding. FNY Investment Advisers LLC’s holdings in Western Digital were worth $2,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC raised its position in shares of Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after buying an additional 117 shares during the period. Cullen Frost Bankers Inc. grew its position in Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 204 shares during the period. Grove Bank & Trust acquired a new stake in Western Digital during the third quarter worth about $30,000. Westfuller Advisors LLC acquired a new stake in Western Digital during the third quarter worth about $30,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Western Digital by 207.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock worth $32,000 after purchasing an additional 178 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider 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 this link. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $255.32, for a total value of $2,174,815.76. Following the completion of the transaction, the insider directly owned 99,276 shares of the company’s stock, valued at $25,347,148.32. This represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 92,795 shares of company stock worth $24,265,884. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

Western Digital stock opened at $304.90 on Thursday. The firm has a market capitalization of $103.37 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 0.72 and a beta of 1.76. Western Digital Corporation has a one year low of $28.83 and a one year high of $319.62. The stock’s 50 day moving average price is $261.19 and its 200 day moving average price is $183.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $2.93 billion. During the same quarter last year, the company earned $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, sell-side analysts expect that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Thursday, March 5th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.50 annualized dividend and a yield of 0.2%. Western Digital’s payout ratio is 5.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WDC shares. Cantor Fitzgerald lifted their price objective on Western Digital to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Barclays raised their price target on shares of Western Digital from $240.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Morgan Stanley lifted their price target on shares of Western Digital from $260.00 to $306.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Citigroup boosted their price objective on shares of Western Digital to $325.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $340.00 target price on shares of Western Digital in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and an average price target of $265.58.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Analysts and market commentators point to constrained supply for 2026 and continued demand upside, with Cantor Fitzgerald highlighting significant further upside on reports WDC is sold out of capacity for next year. Should You Chase the Rally in Western Digital Stock Today?
• Positive Sentiment: Company hit all‑time highs ahead of a quarterly dividend and analysts are increasingly framing WDC as an AI-storage beneficiary; some models hold fair value around $321, supporting the constructive narrative. Western Digital (WDC) Climbs to All-Time High on Dividend Payment How The Western Digital (WDC) Narrative Is Shifting With AI Storage Hopes And Lofty Targets
• Positive Sentiment: Reputation and governance recognition: WDC was named one of the 2026 World’s Most Ethical Companies for the eighth consecutive year — bolsters ESG credentials for institutional holders. Ethisphere Names WD as One of the 2026 World’s Most Ethical Companies® for the Eighth Time
• Positive Sentiment: Long-term institutional interest: commentary notes substantial historical inflows and institutional accumulation trends that support a bullish structural thesis. Beyond Data, Western Digital Stores Institutional Capital
• Neutral Sentiment: Macro and stock-selection reminders: one piece cautions that cash generation alone doesn’t guarantee smart reinvestment — a reminder to evaluate capital allocation. 2 Cash-Producing Stocks to Keep an Eye On and 1 We Question
• Neutral Sentiment: Competition and market structure: Seagate and flash-storage trends are being watched as potential offsets to HDD demand upside; investors should weigh competitive risks. Can Video Data Growth Drive Demand for Seagate’s HDD Portfolio?
• Neutral Sentiment: Broader-market context: commodity moves and Fed/earnings calendars are capping gains in the tape — macro factors that can drive short-term volatility. Dow Jones Futures: Oil Prices Cap Market Gains; Fed Looms, Micron Earnings Could Trigger 8 Buys
• Negative Sentiment: Short-term pullback/profit-taking: commentators note WDC fell more than the broader market on the session, likely reflecting profit-taking after the recent run to all‑time highs and sensitivity to wider market swings. Here’s Why Western Digital (WDC) Fell More Than Broader Market

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.