Western Digital Corporation $WDC Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP lessened its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 75.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 25,086 shares of the data storage provider’s stock after selling 76,617 shares during the period. Qsemble Capital Management LP’s holdings in Western Digital were worth $4,322,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. AlphaCore Capital LLC increased its stake in shares of Western Digital by 105.6% during the fourth quarter. AlphaCore Capital LLC now owns 5,328 shares of the data storage provider’s stock valued at $918,000 after acquiring an additional 2,737 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Western Digital during the fourth quarter valued at approximately $363,000. AustralianSuper Pty Ltd increased its stake in shares of Western Digital by 23.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 351,672 shares of the data storage provider’s stock valued at $60,583,000 after acquiring an additional 66,450 shares during the period. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Western Digital during the fourth quarter valued at approximately $23,634,000. Finally, Avantax Planning Partners Inc. acquired a new position in shares of Western Digital during the fourth quarter valued at approximately $250,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insiders Place Their Bets

In other Western Digital news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the transaction, the chief executive officer directly owned 598,150 shares in the company, valued at approximately $246,342,096. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of Western Digital 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 transaction, the insider owned 107,794 shares in the company, valued at approximately $29,137,796.14. The trade was a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 53,679 shares of company stock worth $18,049,314. 0.18% of the stock is owned by insiders.

Western Digital Stock Performance

Western Digital stock opened at $482.20 on Friday. The firm has a market cap of $166.20 billion, a price-to-earnings ratio of 28.79 and a beta of 2.10. Western Digital Corporation has a 1 year low of $49.00 and a 1 year high of $525.15. The firm’s 50 day moving average price is $352.15 and its two-hundred day moving average price is $256.77.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.33. The firm had revenue of $3.34 billion for 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 firm’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities analysts predict that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

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

Wall Street Analyst Weigh In

WDC has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. TD Cowen raised their price objective on shares of Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Susquehanna reiterated a “neutral” rating and set a $285.00 price objective on shares of Western Digital in a research note on Friday, February 6th. Finally, Citigroup lifted their price target on shares of Western Digital from $405.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $395.83.

Key Stories 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 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.