Corient IA LLC Makes New $300,000 Investment in Western Digital Corporation $WDC

Corient IA LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the third quarter, Holdings Channel.com reports. The firm acquired 2,500 shares of the data storage provider’s stock, valued at approximately $300,000.

Other hedge funds have also recently modified their holdings of the company. Addison Advisors LLC grew its holdings 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 acquiring an additional 85 shares during the period. Pure Financial Advisors LLC grew its stake in shares of Western Digital by 3.1% during the 3rd 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 grew its stake in shares of Western Digital by 57.7% during the 3rd quarter. Bogart Wealth LLC now owns 309 shares of the data storage provider’s stock worth $37,000 after purchasing an additional 113 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Western Digital by 3.0% during 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 in the last quarter. Finally, ORG Partners LLC lifted its stake 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 valued at $25,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 6,780 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $270.49, for a total value of $1,833,922.20. Following the completion of the sale, the insider owned 136,538 shares of the company’s stock, valued at approximately $36,932,163.62. The trade was a 4.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 64,805 shares of company stock worth $16,846,612 in the last ninety days. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

WDC has been the topic of several analyst reports. The Goldman Sachs Group set a $250.00 price target on shares of Western Digital in a research report on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and set a $340.00 target price on shares of Western Digital in a research report on Wednesday, February 4th. Barclays upped their price target on Western Digital from $240.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Susquehanna reissued a “neutral” rating and issued a $285.00 price objective on shares of Western Digital in a report on Friday, February 6th. Finally, Truist Financial set a $310.00 price objective on Western Digital in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.58.

Trending Headlines about Western Digital

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

• Positive Sentiment: Investor note argues WDC is being re-rated as AI workloads drive multi-year demand for high-capacity nearline HDDs; company says 2026 HDD capacity is sold out, guided for strong revenue and gross-margin expansion, and has tightened its capital/portfolio focus — this underpins the bullish thesis for durable enterprise/cloud demand. Read More.
• Positive Sentiment: Market write-ups tie WDC’s rebound to renewed investor focus on AI video and hyperscaler storage needs after a pullback; momentum-driven snap-back + rotation into higher-beta storage names supported the move. Read More.
• Positive Sentiment: Coverage highlights how AI-generated video and other AI workloads can materially expand capacity requirements vs. traditional data, reinforcing expectations for sustained nearline HDD demand — a direct tailwind for WDC’s product mix. Read More.
• Positive Sentiment: UBS raised memory-price forecasts and price targets after industry meetings, signaling broader cloud/datacenter spend strength — a supportive macro backdrop for storage suppliers (though impact differs across HDD/SSD/memory product lines). Read More.
• Neutral Sentiment: WDC’s presentation at the Morgan Stanley TMT conference contained management commentary reinforcing visibility into hyperscaler plans and capacity allocation — useful for modeling but not a new catalyst by itself. Read More.
• Neutral Sentiment: Brokerage consensus remains constructive (consensus “Moderate Buy” / many recent buy/outperform ratings), which supports sentiment but could limit near-term upside if already priced in. Read More.
• Negative Sentiment: Sector-wide volatility: semiconductor/memory-related sell-offs tied to Middle East tensions and smartphone weakness show macro/geopolitical risk that can pressure high-multiple tech names and trigger short-term pullbacks in storage stocks. Read More.
• Negative Sentiment: Significant insider selling has been reported recently, which some investors view as a governance/conviction concern even as company fundamentals improve — a potential psychological headwind for the stock. Read More.

Western Digital Trading Up 4.3%

Shares of WDC stock opened at $261.30 on Thursday. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $309.90. 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 stock’s fifty day moving average is $243.52 and its two-hundred day moving average is $170.07. The firm has a market capitalization of $88.59 billion, a P/E ratio of 26.21, a PEG ratio of 0.58 and a beta of 1.76.

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

Western Digital Announces Dividend

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

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.