May Hill Capital LLC Acquires Shares of 1,744 Western Digital Corporation $WDC

May Hill Capital LLC acquired a new stake in Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,744 shares of the data storage provider’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WDC. Rakuten Securities Inc. boosted its stake in Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 407 shares during the last quarter. Cullen Frost Bankers Inc. grew its position 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 worth $29,000 after buying an additional 204 shares during the period. Westfuller Advisors LLC acquired a new position in shares of Western Digital during the 3rd quarter worth about $30,000. Avion Wealth grew its position 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 worth $31,000 after buying an additional 113 shares during the period. Finally, Cornerstone Planning Group LLC grew its position 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 worth $32,000 after buying an additional 178 shares during the period. 92.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WDC shares. Argus set a $300.00 target price on Western Digital in a research report on Tuesday, February 3rd. Barclays boosted their target price on Western Digital from $405.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. UBS Group boosted their target price on Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Mizuho set a $470.00 target price on Western Digital in a research report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $400.00 target price on shares of Western Digital in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.83.

Key Headlines Impacting Western Digital

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

Western Digital Stock Performance

Shares of WDC opened at $482.20 on Monday. The stock has a 50 day simple moving average of $352.15 and a 200 day simple moving average of $257.69. Western Digital Corporation has a 52-week low of $49.00 and a 52-week high of $525.15. The firm has a market capitalization of $166.20 billion, a PE ratio of 28.79 and a beta of 2.10.

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

Western Digital Increases Dividend

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

Insider Activity at Western Digital

In related news, insider Vidyadhara K. Gubbi sold 10,148 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $270.31, for a total value of $2,743,105.88. Following the completion of the transaction, the insider directly owned 107,794 shares in the company, valued at approximately $29,137,796.14. The trade was a 8.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the transaction, the insider owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,679 shares of company stock worth $18,049,314. 0.18% of the stock is owned by company 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.