Western Digital Corporation $WDC Shares Bought by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. raised its stake in Western Digital Corporation (NASDAQ:WDC) by 399.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,487 shares of the data storage provider’s stock after buying an additional 25,987 shares during the period. Cantor Fitzgerald L. P.’s holdings in Western Digital were worth $3,900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. 44 Wealth Management LLC boosted its position in shares of Western Digital by 0.8% during the 3rd quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock valued at $1,120,000 after acquiring an additional 78 shares during the last quarter. Addison Advisors LLC increased its position in Western Digital by 7.1% during the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after purchasing an additional 85 shares during the last quarter. Pure Financial Advisors LLC raised its stake in Western Digital by 3.1% during the third quarter. Pure Financial Advisors LLC now owns 3,583 shares of the data storage provider’s stock worth $430,000 after purchasing an additional 107 shares during the period. Bogart Wealth LLC boosted its holdings in Western Digital by 57.7% in the 3rd quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock valued at $37,000 after purchasing an additional 113 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Western Digital by 3.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,871 shares of the data storage provider’s stock valued at $465,000 after purchasing an additional 114 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

More Western Digital News

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

• Positive Sentiment: Investor focus on tight high-capacity HDD supply for cloud/AI workloads and Western Digital’s expanded $4.0 billion share-repurchase authorization is supporting the rally; the company’s Innovation Day roadmap (40TB UltraSMR ePMR HDD in hyperscaler qualification) reinforces the growth narrative for AI storage. Western Digital (WDC) rises 3.5% as AI-storage demand narrative and recent buyback authorization continue to support shares
• Positive Sentiment: Customer narrative pieces highlight strong enterprise demand for hard drives, which backs the thesis that nearline/HDD capacity remains tight and pricing power could persist. Customer Narrative on Hard Drives Bodes Well for Western Digital (WDC)
• Positive Sentiment: Analyst sentiment and relative performance remain constructive: WDC has materially outperformed the broader tech sector over the past year and multiple brokers maintain bullish ratings and elevated price targets, which provides momentum and buy-side interest. How Is Western Digital’s Stock Performance Compared to Other Technology Stocks?
• Positive Sentiment: Media commentators (e.g., Jim Cramer) have included WDC on watchlists as a name to buy on market dips, which can amplify flows when broader-market pullbacks occur. Cramer: Buy Western Digital, Micron, Seagate on oil-driven dips
• Neutral Sentiment: Partnership/solution announcements (e.g., VDURA combining WD Ultrastar hybrid platforms with cloud-scale AI file architecture) extend product reach but are incremental until they produce visible revenue/contract wins. VDURA to Combine Scalable WD Ultrastar Hybrid Storage Platforms with Cloud-Scale AI File Architecture
• Negative Sentiment: Insider selling has been heavy recently (multiple exec sales reported), which can be interpreted negatively by some investors and may weigh on sentiment despite company-level buybacks. Western Digital (WDC) rises 3.5% as AI-storage demand narrative and recent buyback authorization continue to support shares
• Negative Sentiment: Macro pressure from rising oil and choppy futures can drag broader tech names; recent headlines show futures slipping as oil jumps, which can trigger short-term volatility for WDC. Dow Jones Futures Fall As Oil Prices Run Past $90; Oracle, Nvidia Lift These AI Names
• Negative Sentiment: Short-term pullbacks have occurred (coverage noting WDC fell more than the broader market), so momentum can reverse quickly after a sharp rally — watch valuation and volume on moves. Western Digital (WDC) Falls More Steeply Than Broader Market: What Investors Need to Know

Western Digital Stock Performance

Shares of WDC stock opened at $272.29 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The firm has a market cap of $92.32 billion, a P/E ratio of 27.31, a P/E/G ratio of 0.63 and a beta of 1.76. The firm’s 50 day moving average price is $255.24 and its 200-day moving average price is $179.13. Western Digital Corporation has a one year low of $28.83 and a one year high of $309.90.

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, beating the consensus estimate of $1.93 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS. As a group, equities research analysts predict that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

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

Insider Transactions at Western Digital

In related news, insider Cynthia L. Tregillis sold 9,324 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the transaction, the insider directly owned 121,682 shares in the company, valued at $32,643,630.14. This trade represents a 7.12% decrease in their position. 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 Western Digital stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $255.44, for a total value of $5,108,800.00. Following the completion of the transaction, the chief executive officer directly owned 623,586 shares of the company’s stock, valued at approximately $159,288,807.84. This represents a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,795 shares of company stock worth $24,265,884 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WDC shares. Weiss Ratings upgraded shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Mizuho upped their price objective on Western Digital to $340.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Bank of America raised their target price on Western Digital from $197.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. New Street Research set a $250.00 target price on Western Digital in a research report on Tuesday, February 3rd. Finally, Argus set a $300.00 price target on Western Digital in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and a consensus price target of $265.58.

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.