TD Private Client Wealth LLC Acquires 1,811 Shares of Western Digital Corporation $WDC

TD Private Client Wealth LLC boosted its holdings in Western Digital Corporation (NASDAQ:WDC) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,475 shares of the data storage provider’s stock after purchasing an additional 1,811 shares during the quarter. TD Private Client Wealth LLC’s holdings in Western Digital were worth $1,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WDC. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Western Digital by 12.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after acquiring an additional 5,731 shares in the last quarter. LBP AM SA bought a new position in Western Digital in the 3rd quarter worth about $641,000. AustralianSuper Pty Ltd purchased a new stake in Western Digital during the 3rd quarter valued at about $34,244,000. Cantor Fitzgerald L. P. increased its stake in 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 valued at $3,900,000 after purchasing an additional 25,987 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in 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 valued at $1,778,000 after purchasing an additional 4,068 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Down 0.6%

Shares of Western Digital stock opened at $455.80 on Wednesday. Western Digital Corporation has a twelve month low of $49.00 and a twelve month high of $525.15. The company’s 50 day moving average is $360.35 and its 200 day moving average is $262.26. The company has a market cap of $157.11 billion, a price-to-earnings ratio of 27.21 and a beta of 2.10.

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

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a $0.15 dividend. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s dividend payout ratio is currently 2.99%.

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 9,324 shares of the 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 transaction, the insider owned 121,682 shares in the company, valued at $32,643,630.14. This represents a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the firm’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 transaction 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 53,679 shares of company stock valued at $18,049,314. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 target price on the stock in a research note on Tuesday, March 31st. Zacks Research raised shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Truist Financial set a $310.00 price objective on shares of Western Digital in a report on Tuesday, February 3rd. Argus set a $300.00 target price on Western Digital in a research note on Tuesday, February 3rd. Finally, Wells Fargo & Company increased their target price on Western Digital from $335.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $395.83.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Western Digital announced industry-first post-quantum cryptography hard drives, reinforcing its pitch that it can win more AI data-center business by offering “quantum-safe” storage security for hyperscalers. WD Advances Next-Generation Trusted Infrastructure with Industry’s First Post-Quantum Cryptography Hard Drives to Help Secure the Future of AI Data
• Positive Sentiment: Multiple reports highlighted that AI infrastructure is driving a storage supercycle, with stronger pricing power for enterprise SSDs and hard drives; that backdrop is favorable for Western Digital’s revenue and margins. Seagate and Western Digital: AI Storage Demand Is Now Showing Up in Pricing Power
• Positive Sentiment: Analyst commentary suggests Western Digital’s fair value is being revised higher on stronger earnings expectations tied to AI storage demand, and one note cited a price target around $504, supporting the stock’s long-term bull case. Why The Western Digital (WDC) Story Is Shifting On New Earnings And AI Storage Expectations
• Positive Sentiment: Western Digital was added to the 2026 S&P Dow Jones Best-in-Class Index North America, a small but constructive inclusion that can improve visibility with institutional investors. Western Digital Corporation (WDC) Included in 2026 S&P Dow Jones Best-in-Class Index North America
• Neutral Sentiment: Shares were little changed in the session after a sharp sector-wide selloff, as memory stocks including Micron and SanDisk bounced while Western Digital lagged, suggesting WDC is being pulled around by broader group trading rather than company-specific news. Micron Is Up 6% Today: Is It Outperforming Other Memory Stocks Like SanDisk and Western Digital?
• Negative Sentiment: Near-term sentiment was pressured by reports of AI supply-chain and capacity-crunch fears across memory stocks, which sparked a premarket selloff in Western Digital and peers. Micron, Seagate, Western Digital Sink On Capacity Crunch Fears

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.