Western Digital Corporation $WDC Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Western Digital Corporation (NASDAQ:WDC) by 1.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 285,549 shares of the data storage provider’s stock after selling 2,852 shares during the period. New York State Teachers Retirement System’s holdings in Western Digital were worth $77,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of Western Digital by 164.1% during the first quarter. Private Advisor Group LLC now owns 9,278 shares of the data storage provider’s stock valued at $2,509,000 after buying an additional 5,765 shares during the last quarter. Optas LLC acquired a new position in shares of Western Digital during the first quarter worth approximately $223,000. Y Intercept Hong Kong Ltd bought a new position in Western Digital in the 1st quarter worth approximately $6,397,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Western Digital by 64.2% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 89,416 shares of the data storage provider’s stock worth $24,186,000 after buying an additional 34,950 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC grew its holdings in Western Digital by 2,688.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 51,393 shares of the data storage provider’s stock worth $13,901,000 after buying an additional 49,550 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

WDC has been the topic of several recent analyst reports. Citigroup lifted their target price on Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Fox Advisors cut Western Digital from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Cantor Fitzgerald raised their price target on Western Digital from $660.00 to $900.00 and gave the company an “overweight” rating in a report on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $400.00 price objective on shares of Western Digital in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $493.52.

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 432 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $545.60, for a total value of $235,699.20. Following the completion of the sale, the insider directly owned 116,643 shares of the company’s stock, valued at approximately $63,640,420.80. This represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the transaction, the insider owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. This trade represents a 2.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,322 shares of company stock valued at $12,768,550 over the last 90 days. Insiders own 0.18% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Bank of America raised its price target on Western Digital to $732 from $610 and reiterated a buy rating, signaling confidence in further upside. Benzinga report on Bank of America price target hike
• Positive Sentiment: Melius Research upgraded Western Digital to strong-buy, adding to the list of bullish analyst views on the stock. Zacks report on Melius upgrade
• Positive Sentiment: Zacks said Western Digital has an impressive earnings surprise record and the right setup to potentially beat estimates again in its next quarterly report. Article: Will Western Digital (WDC) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Western Digital was included in Zacks’ list of top momentum stocks for Q3 2026, reflecting continued investor interest in AI-driven storage names. Article: 5 Top-Ranked Momentum Stock Picks for Q3 2026 After a Fabulous Q2
• Neutral Sentiment: Analysts are revisiting fair value estimates as they reassess AI storage demand, HDD pricing, and Western Digital’s product roadmap, keeping the valuation debate active. Article: Western Digital Stock Gets Fair Value Boost As Analysts Reassess AI Storage Demand
• Negative Sentiment: WDC was hit by a broader memory-chip and semiconductor pullback, as investors rotated out of some of this year’s hottest names. Article: Micron Drops 8%, SanDisk Slumps 10%, Western Digital Falls 7% as Memory Stocks Pull Back With the Nasdaq

Western Digital Stock Performance

Shares of NASDAQ WDC opened at $539.00 on Friday. The stock has a fifty day moving average price of $536.72 and a two-hundred day moving average price of $357.93. The firm has a market cap of $185.78 billion, a P/E ratio of 32.18 and a beta of 2.10. Western Digital Corporation has a 1 year low of $63.67 and a 1 year high of $799.87.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 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 the consensus estimate of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, research analysts predict that Western Digital Corporation will post 9.6 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 5th. Western Digital’s dividend payout ratio (DPR) is presently 3.58%.

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.