Western Digital Corporation $WDC Stock Holdings Lowered by Bridgefront Capital LLC

Bridgefront Capital LLC lessened its position in Western Digital Corporation (NASDAQ:WDC) by 41.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,348 shares of the data storage provider’s stock after selling 6,722 shares during the period. Bridgefront Capital LLC’s holdings in Western Digital were worth $1,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WDC. ORG Partners LLC boosted its stake in Western Digital by 124.5% during 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. Cullen Frost Bankers Inc. increased its stake in shares of Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 204 shares during the period. Grove Bank & Trust acquired a new stake in shares of Western Digital in the third quarter valued at approximately $30,000. Westfuller Advisors LLC bought a new stake in shares of Western Digital during the third quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Western Digital by 207.0% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after buying an additional 178 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

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 Price Performance

Shares of NASDAQ WDC opened at $272.29 on Friday. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $309.90. 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 firm has a 50-day moving average of $255.24 and a two-hundred day moving average of $179.13. The company has a market capitalization of $92.32 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 0.63 and a beta of 1.76.

Western Digital (NASDAQ:WDC) last released its 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. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm earned $1.77 EPS. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. As a group, analysts expect that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird set a $310.00 price objective on shares of Western Digital in a report on Monday, February 2nd. Rosenblatt Securities restated a “buy” rating and set a $340.00 price target on shares of Western Digital in a research report on Wednesday, February 4th. Susquehanna reaffirmed a “neutral” rating and issued a $285.00 price target on shares of Western Digital in a research note on Friday, February 6th. Cantor Fitzgerald increased their price objective on shares of Western Digital to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Weiss Ratings upgraded shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $265.58.

Insider Buying and Selling

In other news, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the completion of the sale, the chief executive officer owned 623,586 shares in the company, valued at approximately $159,288,807.84. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $255.32, for a total value of $2,174,815.76. Following the sale, the insider directly owned 99,276 shares of the company’s stock, valued at approximately $25,347,148.32. This represents a 7.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 currently owned by insiders.

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.