4,469 Western Digital Corporation $WDC Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC reduced its position in shares of Western Digital Corporation (NASDAQ:WDC) by 51.7% in the third quarter, Holdings Channel reports. The firm owned 4,182 shares of the data storage provider’s stock after selling 4,469 shares during the quarter. VestGen Advisors LLC’s holdings in Western Digital were worth $1,901,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WDC. Dogwood Wealth Management LLC grew its stake in shares of Western Digital by 28.6% during the 2nd quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock valued at $57,000 after purchasing an additional 20 shares during the period. Legacy Wealth Asset Management LLC raised its stake in Western Digital by 1.0% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,302 shares of the data storage provider’s stock valued at $1,470,000 after purchasing an additional 22 shares in the last quarter. Everpar Advisors LLC raised its stake in shares of Western Digital by 1.8% in the second quarter. Everpar Advisors LLC now owns 1,442 shares of the data storage provider’s stock valued at $921,000 after acquiring an additional 25 shares during the period. Ares Financial Consulting LLC boosted its holdings in Western Digital by 45.5% during the 2nd quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock valued at $51,000 after acquiring an additional 25 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Western Digital by 2.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,390 shares of the data storage provider’s stock worth $888,000 after buying an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling

In other Western Digital news, insider Vidyadhara K. Gubbi sold 1,795 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $459.87, for a total transaction of $825,466.65. Following the completion of the transaction, the insider owned 80,571 shares of the company’s stock, valued at $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the sale, the chief executive officer owned 575,966 shares of the company’s stock, valued at approximately $256,287,591.02. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 25,436 shares of company stock valued at $11,340,064. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on WDC. Summit Insights lowered shares of Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. UBS Group reiterated a “buy” rating and set a $625.00 price objective on shares of Western Digital in a research note on Friday, October 23rd. JPMorgan Chase & Co. boosted their price objective on Western Digital from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Rosenblatt Securities decreased their target price on shares of Western Digital from $800.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, Morgan Stanley set a $668.00 price target on shares of Western Digital and gave the stock an “overweight” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $591.04.

Western Digital Stock Performance

WDC stock opened at $366.11 on Friday. Western Digital Corporation has a one year low of $132.43 and a one year high of $799.87. The firm has a market cap of $137.04 billion, a PE ratio of 14.21, a PEG ratio of 1.39 and a beta of 2.11. The firm’s 50 day moving average price is $421.46 and its 200-day moving average price is $416.75.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.53. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.14 billion. Western Digital had a return on equity of 55.62% and a net margin of 69.20%. The firm’s revenue for the quarter was up 55.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 earnings per share. Equities research analysts predict that Western Digital Corporation will post 23.62 EPS for the current fiscal year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.1750 per share. The ex-dividend date is Friday, December 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Western Digital’s previous quarterly dividend of $0.15. Western Digital’s dividend payout ratio (DPR) is currently 2.72%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Western Digital reported fiscal first-quarter 2027 revenue of $4.38 billion, non-GAAP EPS of $4.64 and free cash flow of $1.38 billion, exceeding expectations. Management also forecast approximately $5.1 billion in fiscal second-quarter revenue and $5.80 in non-GAAP EPS, signaling continued strength in AI-related data-center storage demand. Western Digital slides as strong results fail to calm spending and sector worries
• Positive Sentiment: Analyst targets remain well above the current trading level, with Quiver Quantitative citing a six-month median target of $650. Several analysts view Western Digital as a major beneficiary of AI infrastructure expansion and rising demand for high-capacity nearline hard drives. Western Digital selloff and analyst targets
• Neutral Sentiment: Western Digital and Seagate are both benefiting from AI data-center spending. However, comparisons favor Seagate on some metrics, including return on equity, valuation and free-cash-flow generation, potentially affecting investor preference within the storage group. Seagate versus Western Digital
• Negative Sentiment: Investors are questioning whether AI infrastructure spending and lofty storage-sector valuations can remain sustainable. A sharp decline in Sandisk and weakness across memory and semiconductor stocks amplified pressure on WDC, even after Sandisk delivered strong results and raised guidance. Memory-sector selloff
• Negative Sentiment: Quarterly capital spending of $227 million, continued buybacks and capacity and technology-transition needs have raised concerns about cash demands and future returns. Profit-taking after WDC’s substantial earlier advance may also be contributing to the decline. Quiver also reports 110 insider sales and no insider purchases over the past six months, an additional sentiment headwind. Western Digital spending and insider activity

Western Digital Company Profile

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.