iA Global Asset Management Inc. Boosts Holdings in Western Digital Corporation $WDC

iA Global Asset Management Inc. grew its position in Western Digital Corporation (NASDAQ:WDC) by 77.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,911 shares of the data storage provider’s stock after buying an additional 37,969 shares during the period. iA Global Asset Management Inc.’s holdings in Western Digital were worth $14,972,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WDC. WCM Investment Management LLC purchased a new stake in shares of Western Digital in the 3rd quarter valued at approximately $791,317,000. Fred Alger Management LLC lifted its holdings in shares of Western Digital by 4,923.9% in the 3rd quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock worth $409,049,000 after acquiring an additional 3,339,225 shares during the last quarter. Soroban Capital Partners LP lifted its holdings in shares of Western Digital by 1,926.3% in the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock worth $195,882,000 after acquiring an additional 2,910,062 shares during the last quarter. Polar Capital Holdings Plc acquired a new position in shares of Western Digital in the 3rd quarter worth approximately $221,800,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Western Digital by 175.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,232,071 shares of the data storage provider’s stock worth $78,347,000 after acquiring an additional 784,645 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Western Digital was named to the 2026 S&P Dow Jones Best-in-Class Index North America, highlighting its ESG and sustainable AI infrastructure leadership. The company also said the index inclusion and improved operating profile reflect its growing role in AI data storage demand. WD Named to 2026 S&P Dow Jones Best‑in‑Class Index North America, Recognizing Leadership in Sustainable AI Infrastructure
• Positive Sentiment: Analysts and market commentators continue to point to Western Digital’s AI storage exposure, with articles citing surging earnings, rising hyperscaler demand, and stronger shareholder returns after the SanDisk spinoff as reasons the stock has been trending higher. WDC’s Whopping 893% Run in a Year: Buy the Stock Amid AI Storage Boom?
• Positive Sentiment: The company also announced a 20% dividend increase, which investors may view as a sign of confidence in cash flow and capital returns alongside record AI-related demand for its storage and data platforms. Western Digital Links Higher Dividend And ESG Index Win To AI Demand
• Neutral Sentiment: Western Digital is also showing up on “trending stock” lists, suggesting elevated investor interest, but these mentions do not add new fundamental information by themselves. Here is What to Know Beyond Why Western Digital Corporation (WDC) is a Trending Stock
• Neutral Sentiment: A separate note said Western Digital’s price target was raised, which can support sentiment but is still secondary to the bigger AI-storage and capital-return story. Western Digital (WDC) price target increased by 31.02% to 483.72
• Negative Sentiment: No major company-specific negative catalyst emerged in the latest headlines, though some coverage compares Western Digital with peers such as Micron and Seagate, which keeps valuation and competition in focus. Why I’d Rather Own Micron Stock Than Sandisk

Insiders Place Their Bets

In other Western Digital news, insider Vidyadhara K. Gubbi sold 4,674 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the sale, the insider directly owned 90,041 shares in the company, valued at $39,905,270.79. This represents a 4.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the sale, the chief executive officer owned 598,150 shares in the company, valued at approximately $246,342,096. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,679 shares of company stock worth $18,049,314 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

Western Digital Stock Down 1.4%

Western Digital stock opened at $482.20 on Friday. The firm has a market cap of $166.20 billion, a PE ratio of 28.79 and a beta of 2.10. Western Digital Corporation has a 52-week low of $49.00 and a 52-week high of $525.15. The company’s 50 day moving average is $352.15 and its two-hundred day moving average is $256.77.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm’s quarterly revenue was up 45.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities research analysts anticipate that Western Digital Corporation will post 9.57 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.15 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 2.99%.

Analyst Ratings Changes

Several equities analysts have recently commented on WDC shares. Barclays upped their price objective on shares of Western Digital from $405.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Argus set a $300.00 price objective on shares of Western Digital in a report on Tuesday, February 3rd. Susquehanna restated a “neutral” rating and issued a $285.00 price objective on shares of Western Digital in a report on Friday, February 6th. Cantor Fitzgerald upped their price objective on shares of Western Digital to $660.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $488.00 price objective on shares of Western Digital in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $395.83.

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.