Vise Technologies Inc. Purchases 7,682 Shares of Western Digital Corporation $WDC

Vise Technologies Inc. lifted its position in shares of Western Digital Corporation (NASDAQ:WDC) by 54.9% in the third quarter, Holdings Channel reports. The institutional investor owned 21,679 shares of the data storage provider’s stock after acquiring an additional 7,682 shares during the period. Vise Technologies Inc.’s holdings in Western Digital were worth $9,852,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Western Digital in the 2nd quarter valued at about $28,000. Dunhill Financial LLC bought a new position in shares of Western Digital during the second quarter worth approximately $29,000. Valley National Advisers Inc. increased its holdings in shares of Western Digital by 182.6% during the third quarter. Valley National Advisers Inc. now owns 65 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 42 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Western Digital in the second quarter valued at approximately $31,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Western Digital in the first quarter valued at approximately $32,000. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Performance

NASDAQ WDC opened at $366.11 on Monday. Western Digital Corporation has a 12 month low of $132.43 and a 12 month high of $799.87. The firm has a market capitalization of $137.04 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.29 and a beta of 2.27. The business’s 50-day moving average price is $421.46 and its two-hundred day moving average price is $416.75.

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

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be given a dividend of $0.1750 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s payout ratio is currently 2.33%.

Western Digital News Summary

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

Insider Transactions at Western Digital

In related news, insider Cynthia Tregillis sold 1,007 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $478.36, for a total value of $481,708.52. Following the completion of the sale, the insider directly owned 112,155 shares of the company’s stock, valued at $53,650,465.80. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara Gubbi sold 1,795 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $459.87, for a total value of $825,466.65. Following the sale, the insider owned 80,571 shares of the company’s stock, valued at approximately $37,052,185.77. This represents a 2.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 25,436 shares of company stock valued at $11,340,064 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on WDC. Susquehanna set a $405.00 price objective on Western Digital in a research note on Friday, October 23rd. Zacks Research cut Western Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Rosenblatt Securities cut their target price on Western Digital from $800.00 to $650.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Bank of America increased their target price on Western Digital from $720.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Finally, The Goldman Sachs Group set a $540.00 price target on Western Digital in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.04.

About Western Digital

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.