Western Digital Corporation $WDC Shares Bought by Clearstead Advisors LLC

Clearstead Advisors LLC raised its holdings in Western Digital Corporation (NASDAQ:WDC) by 54.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,194 shares of the data storage provider’s stock after acquiring an additional 1,480 shares during the period. Clearstead Advisors LLC’s holdings in Western Digital were worth $723,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WDC. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Western Digital by 12.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock worth $6,281,000 after buying an additional 5,731 shares during the last quarter. LBP AM SA acquired a new stake in shares of Western Digital during the 3rd quarter worth approximately $641,000. AustralianSuper Pty Ltd acquired a new stake in shares of Western Digital during the 3rd quarter worth approximately $34,244,000. Cantor Fitzgerald L. P. increased its holdings in shares of Western Digital by 399.8% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after buying an additional 25,987 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of Western Digital by 75.4% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after buying an additional 4,068 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $411.84, for a total value of $8,236,800.00. Following the completion of the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at approximately $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 214 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $539.63, for a total transaction of $115,480.82. Following the completion of the transaction, the insider owned 117,157 shares of the company’s stock, valued at $63,221,431.91. This trade represents a 0.18% 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 sold 53,655 shares of company stock valued at $18,179,038 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

Shares of WDC opened at $531.18 on Friday. The company has a market capitalization of $183.09 billion, a price-to-earnings ratio of 31.71 and a beta of 2.10. The company’s 50 day simple moving average is $391.76 and its 200 day simple moving average is $279.27. Western Digital Corporation has a 1 year low of $51.17 and a 1 year high of $553.50.

Western Digital (NASDAQ:WDC) last announced 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 net margin of 55.29% and a return on equity of 42.95%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The company’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 analysts expect 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. Stockholders of record on Friday, June 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 2.99%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $325.00 price objective on shares of Western Digital in a research report on Monday, February 9th. Susquehanna reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Western Digital in a research report on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of Western Digital from $335.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Western Digital from $320.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $413.50.

Key Western Digital News

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

• Positive Sentiment: Western Digital is being viewed as a key beneficiary of surging AI infrastructure spending, with multiple reports citing stronger data-center storage demand and improving pricing conditions for memory and hard drives. Western Digital Stock Investors Need to See This
• Positive Sentiment: Coverage around the “memory melt-up” continues to support the stock, as peers like Micron and SanDisk rally on the same supply-tight, AI-demand narrative that is also benefiting WDC. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Evercore raised its price target on Western Digital to $575 and called the stock “underappreciated,” pointing to HDD demand tied to AI data-center buildouts. Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here
• Positive Sentiment: Western Digital appointed former NVIDIA executive Manuvir Das to its board, reinforcing the company’s AI infrastructure credentials and signaling deeper alignment with the AI build-out theme. WD Appoints Manuvir Das to Board of Directors
• Neutral Sentiment: An insider sale by Cynthia L. Tregillis was disclosed, but it was small and executed under a pre-arranged 10b5-1 plan, so it does not appear to be a strong bearish signal. SEC filing
• Neutral Sentiment: Some articles note the stock has become very extended after a sharp multi-month run, which could lead to volatility even though the fundamental backdrop remains supportive. Sandisk Stock’s 4,000% Rise Is Happening Too Fast to Keep Up With

Western Digital Company 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.