Western Digital Corporation $WDC Shares Sold by L & S Advisors Inc

L & S Advisors Inc decreased its position in Western Digital Corporation (NASDAQ:WDC) by 51.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,934 shares of the data storage provider’s stock after selling 59,411 shares during the quarter. Western Digital accounts for about 0.9% of L & S Advisors Inc’s investment portfolio, making the stock its 24th largest holding. L & S Advisors Inc’s holdings in Western Digital were worth $9,808,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WDC. Avion Wealth boosted its stake in shares of Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after buying an additional 113 shares during the last quarter. Concord Wealth Partners purchased a new position in shares of Western Digital during the 4th quarter valued at approximately $41,000. Cullen Frost Bankers Inc. boosted its stake in shares of Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after buying an additional 204 shares during the last quarter. Westfuller Advisors LLC purchased a new position in shares of Western Digital during the 3rd quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Western Digital by 207.0% during the 3rd 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. Institutional investors and hedge funds own 92.51% of the company’s stock.

More Western Digital News

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

Wall Street Analysts Forecast Growth

WDC has been the subject of several research analyst reports. UBS Group increased their target price on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Cantor Fitzgerald increased their target price on Western Digital to $660.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Argus set a $300.00 target price on Western Digital in a research note on Tuesday, February 3rd. Finally, Mizuho set a $470.00 price objective on Western Digital in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and a consensus price target of $395.83.

Insider Activity at Western Digital

In related news, insider Cynthia L. Tregillis sold 363 shares of Western Digital stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $377.09, for a total transaction of $136,883.67. Following the sale, the insider directly owned 120,023 shares in the company, valued at $45,259,473.07. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of Western Digital stock in a transaction dated 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 owned 90,041 shares in the company, valued at approximately $39,905,270.79. This represents a 4.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,679 shares of company stock worth $18,049,314 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Western Digital Stock Performance

WDC stock opened at $482.20 on Friday. The stock has a market capitalization of $166.20 billion, a price-to-earnings ratio of 28.79 and a beta of 2.10. Western Digital Corporation has a 1 year low of $49.00 and a 1 year high of $525.15. The stock’s fifty day moving average is $352.15 and its two-hundred day moving average is $256.77.

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

Western Digital Increases Dividend

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

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.