Western Digital Corporation $WDC Shares Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC lifted its position in shares of Western Digital Corporation (NASDAQ:WDC) by 2,685.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,605 shares of the data storage provider’s stock after acquiring an additional 17,937 shares during the quarter. Western Digital accounts for about 0.7% of FNY Investment Advisers LLC’s holdings, making the stock its 22nd biggest position. FNY Investment Advisers LLC’s holdings in Western Digital were worth $2,233,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new stake in Western Digital during the third quarter worth $211,000. Swiss Life Asset Management Ltd increased its position in shares of Western Digital by 20.9% in the third quarter. Swiss Life Asset Management Ltd now owns 125,696 shares of the data storage provider’s stock valued at $15,091,000 after buying an additional 21,752 shares in the last quarter. Groupama Asset Managment acquired a new position in shares of Western Digital during the 3rd quarter worth $353,000. Cantor Fitzgerald L. P. raised its stake in shares of Western Digital by 399.8% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after buying an additional 25,987 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of Western Digital in the 3rd quarter worth about $5,755,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Western Digital news, insider Vidyadhara K. Gubbi sold 10,148 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the transaction, the insider owned 107,794 shares of the company’s stock, valued at $29,137,796.14. This represents a 8.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction on 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 owned 623,586 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 92,795 shares of company stock valued at $24,265,884. Insiders own 0.18% of the company’s stock.

Western Digital Price Performance

NASDAQ:WDC opened at $304.90 on Thursday. The firm has a market cap of $103.37 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 0.72 and a beta of 1.76. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average is $261.19 and its two-hundred day moving average is $183.76. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $319.62.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. The business 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 company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 earnings per share. Research analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

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

Trending Headlines about 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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WDC shares. Robert W. Baird set a $310.00 price objective on shares of Western Digital in a research note on Monday, February 2nd. Weiss Ratings raised shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. TD Cowen increased their price target on shares of Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Rosenblatt Securities reissued a “buy” rating and set a $340.00 price objective on shares of Western Digital in a research note on Wednesday, February 4th. Finally, Bank of America lifted their price objective on Western Digital from $197.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. One research 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 stock. According to data from MarketBeat, Western Digital has an average rating of “Moderate Buy” and an average price target 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.