Kesler Norman & Wride LLC Acquires Shares of 2,661 Western Digital Corporation $WDC

Kesler Norman & Wride LLC acquired a new stake in Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, Holdings Channel.com reports. The fund acquired 2,661 shares of the data storage provider’s stock, valued at approximately $458,000.

A number of other large investors have also recently made changes to their positions in the business. Quadcap Wealth Management LLC lifted its stake in shares of Western Digital by 2.1% in the fourth quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock valued at $346,000 after buying an additional 41 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in shares of Western Digital by 2.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock valued at $341,000 after buying an additional 51 shares in the last quarter. Bogart Wealth LLC lifted its stake in shares of Western Digital by 19.4% in the fourth quarter. Bogart Wealth LLC now owns 369 shares of the data storage provider’s stock valued at $64,000 after buying an additional 60 shares in the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of Western Digital by 7.2% in the fourth quarter. CYBER HORNET ETFs LLC now owns 889 shares of the data storage provider’s stock valued at $153,000 after buying an additional 60 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Western Digital by 3.6% in the fourth quarter. Moors & Cabot Inc. now owns 2,113 shares of the data storage provider’s stock valued at $364,000 after buying an additional 73 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

WDC has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Western Digital from $320.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Robert W. Baird increased their target price on shares of Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Citigroup increased their target price on shares of Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen increased their target price on shares of Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Mizuho set a $470.00 target price on shares of Western Digital in a report on Friday, May 1st. One 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $424.33.

Western Digital Stock Performance

NASDAQ WDC opened at $594.11 on Thursday. Western Digital Corporation has a 52-week low of $53.47 and a 52-week high of $602.54. The company has a 50-day simple moving average of $412.26 and a 200 day simple moving average of $290.30. The company has a market capitalization of $204.78 billion, a PE ratio of 35.47 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the company posted $1.36 earnings per share. The firm’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. As a group, analysts forecast that Western Digital Corporation will post 9.57 EPS 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. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 5th. This is a positive change 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 is 2.99%.

Trending Headlines about Western Digital

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

• Positive Sentiment: Western Digital disclosed a privately negotiated exchange of convertible debt, helping reduce refinancing risk and signaling further progress in cleaning up its balance sheet. Investors appear to view the move as freeing up more flexibility for future AI-related investments. Western Digital Restructures Convertible Debt via Equity Exchange
• Positive Sentiment: Multiple recent articles highlighted Western Digital as a beneficiary of the AI storage boom, with demand for memory and data storage rising across cloud, AI, IoT, and enterprise markets. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Commentary this week also emphasized that Western Digital’s AI storage trade still has room to run, reinforcing bullish sentiment around the stock’s long-term growth story. Western Digital: The AI Storage Trade Still Has Room To Run
• Neutral Sentiment: Western Digital’s conference appearances kept the company in view, but the headlines did not point to a major new operating update or guidance change. Western Digital Corporation (WDC) Presents at 2026 Evercore Global TMT Conference Transcript
• Neutral Sentiment: Several writeups said Western Digital has strong momentum and all-time highs, but one article argued the stock may already be expensive after a huge run, which tempers the near-term upside case. Up 1,000% in the Past Year, It’s Too Late to Buy Western Digital Stock
• Negative Sentiment: An insider sale by Vidyadhara K. Gubbi was disclosed, which can slightly pressure sentiment even though the sale was small relative to the insider’s remaining holdings. SEC filing for insider sale

Insider Buying and Selling at Western Digital

In other 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 value of $136,883.67. Following the completion of the transaction, the insider owned 120,023 shares in the company, valued at $45,259,473.07. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of Western Digital stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the completion of the transaction, the insider owned 99,276 shares of the company’s stock, valued at $25,347,148.32. The trade was a 7.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,408 shares of company stock worth $14,707,666 over the last three months. Company insiders own 0.18% of the company’s stock.

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.