Harel Insurance Investments & Financial Services Ltd. Invests $405,000 in Western Digital Corporation $WDC

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,499 shares of the data storage provider’s stock, valued at approximately $405,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the last quarter. Avion Wealth raised its stake in shares of Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Swiss RE Ltd. purchased a new position in shares of Western Digital in the fourth quarter worth $32,000. BOKF NA raised its stake in shares of Western Digital by 6,700.0% in the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 268 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in shares of Western Digital during the third quarter valued at $33,000. Institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the sale, the chief executive officer directly owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the transaction, the director owned 3,903 shares in the company, valued at $2,062,813.56. The trade was a 16.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,322 shares of company stock worth $12,768,550 over the last quarter. Company insiders own 0.18% of the company’s stock.

More Western Digital News

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

• Negative Sentiment: Western Digital is falling with other memory and storage stocks such as Micron, SanDisk, Seagate, and SK Hynix as traders take profits after a sharp run-up in AI-related names. Nasdaq Slips as Chip Stocks Come Under Pressure
• Negative Sentiment: Sentiment weakened further after reports of a large Shanghai IPO filing by Chinese memory rival CXMT, which raised fears of new competition in an already crowded market. Why Is Western Digital Stock Falling on Thursday?
• Neutral Sentiment: Despite the selloff, some analysts still argue that AI storage demand remains a strong long-term tailwind for Western Digital and that the recent weakness may be more about near-term profit-taking than a deterioration in fundamentals. Everyone’s Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher
• Neutral Sentiment: Recent bullish coverage also points to Western Digital’s strong revenue growth, expanding margins, and earnings beat, which could help limit downside if investors refocus on fundamentals. Which Storage Stock Is Best Positioned to Win the AI Memory War?

Western Digital Price Performance

Shares of WDC opened at $466.81 on Friday. Western Digital Corporation has a one year low of $66.04 and a one year high of $799.87. The firm has a market capitalization of $160.90 billion, a P/E ratio of 27.87 and a beta of 2.11. The business has a fifty day moving average of $560.95 and a 200 day moving average of $383.94.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. Western Digital’s revenue for the quarter was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Analysts expect that Western Digital Corporation will post 9.6 EPS for the current fiscal year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, June 5th. This is an increase from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s payout ratio is currently 3.58%.

Analysts Set New Price Targets

Several research firms recently commented on WDC. Fox Advisors cut Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Robert W. Baird boosted their target price on Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. The Goldman Sachs Group restated a “neutral” rating and set a $400.00 target price on shares of Western Digital in a research note on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $575.00 price target on shares of Western Digital in a report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and a consensus price target of $520.32.

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.