<div id="readability-page-1"><p>USA Financial Formulas purchased a new position in shares of  Western Digital Corporation (NASDAQ:WDC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,255 shares of the data storage provider's stock, valued at approximately $1,111,000.</p><ul><li>Western Digital’s Nasdaq-100 Entry Caps Its AI-Driven Comeback</li></ul><p>Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in  Western Digital by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,933,278 shares of the data storage provider's stock valued at $118,574,000 after acquiring an additional 216,387 shares during the last quarter.  Raymond James Financial Inc. boosted its stake in shares of  Western Digital by 0.4% in the 1st quarter. Raymond James Financial Inc. now owns 107,187 shares of the data storage provider's stock valued at $4,334,000 after purchasing an additional 446 shares in the last quarter.  Brooklyn Investment Group boosted its stake in shares of  Western Digital by 91.2% in the 1st quarter. Brooklyn Investment Group now owns 1,279 shares of the data storage provider's stock valued at $52,000 after purchasing an additional 610 shares in the last quarter.  Northern Trust Corp grew its holdings in shares of  Western Digital by 1.5% during the 1st quarter. Northern Trust Corp now owns 3,449,811 shares of the data storage provider's stock valued at $139,476,000 after purchasing an additional 52,140 shares during the last quarter.  Finally, CW Advisors LLC acquired a new position in  Western Digital during the 1st quarter worth approximately $563,000. 92.51% of the stock is currently owned by institutional investors. </p><div><p><span></span><span>Get <strong>Western Digital</strong> alerts:</span></p></div><h2>Insider Activity</h2><p>In other Western Digital news, CEO Irving Tan sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $150.69, for a total transaction of $3,013,800.00. Following the completion of the transaction, the chief executive officer owned 645,467 shares in the company, valued at approximately $97,265,422.23. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, Director Roxanne Oulman sold 1,800 shares of the company's stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total transaction of $277,956.00. Following the completion of the sale, the director directly owned 3,863 shares in the company, valued at approximately $596,524.46. This represents a 31.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 26,369 shares of company stock worth $4,013,785. 0.18% of the stock is owned by company insiders. </p><h2>Western Digital Stock Performance</h2><ul><li>SanDisk Joins the S&amp;P 500: Inside the Index Effect Rally</li></ul><p>NASDAQ WDC opened at $181.08 on Friday. The company has a market capitalization of $61.91 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.12 and a beta of 1.82. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.42. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $188.77. The stock has a fifty day simple moving average of $152.47 and a 200 day simple moving average of $105.66. </p><p>Western Digital (NASDAQ:WDC - Get Free Report) last announced its earnings results on Monday, April 7th. The data storage provider reported $1.78 EPS for the quarter. The firm had revenue of $4.10 billion for the quarter. Western Digital had a return on equity of 30.89% and a net margin of 21.37%. Sell-side analysts expect that  Western Digital Corporation will post 4.89 EPS for the current year. </p><h2>Western Digital Increases Dividend</h2><ul><li>3 Data Memory Stocks Beating NVDA This Year</li></ul><p>The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $0.125 dividend. The ex-dividend date was Thursday, December 4th. This is a boost from Western Digital's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 0.3%. Western Digital's dividend payout ratio (DPR) is currently 7.28%. </p><h2>Wall Street Analysts Forecast Growth</h2><p>WDC has been the topic of a number of research analyst reports. Citigroup raised their target price on shares of Western Digital from $180.00 to $200.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group  reissued a &#34;neutral&#34; rating and set a $148.00 price objective on shares of Western Digital in a report on Friday, October 31st. Bank of America raised their price objective on Western Digital from $170.00 to $197.00 and gave the company a &#34;buy&#34; rating in a report on Thursday, November 20th. Cowen  restated a &#34;buy&#34; rating on shares of Western Digital in a research report on Friday, October 31st. Finally, Wedbush increased their target price on Western Digital from $90.00 to $135.00 and gave the company an &#34;outperform&#34; rating in a research report on Thursday, October 16th. One analyst  has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Western Digital  has an average rating of &#34;Moderate Buy&#34; and an average target price of $173.65.</p><p><b>Read Our Latest Report on Western Digital</b></p><h2>About Western Digital</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Western Digital</li><li>There Are Different Types of Stock To Invest In</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>How to Short a Stock in 5 Easy Steps </li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>Stock Average Calculator      </li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0RD?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0RD"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Western Digital Right Now?</h2><p>Before you consider Western Digital, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Digital wasn't on the list.</p><p>While Western Digital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>USA Financial Formulas purchased 9,255 shares of Western Digital Corporation (NASDAQ:WDC) in the third quarter, valued at approximately $1,111,000, as per its latest Form 13F filing with the SEC. Other institutional investors also modified their holdings. Western Digital's CEO and Director sold shares recently. The company announced a quarterly dividend of $0.125, up from $0.10. Citigroup raised its target price for WDC to $200.00, giving a 'buy' rating.</p>

USA Financial Formulas Buys Shares of 9,255 Western Digital Corporation $WDC