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

TD Private Client Wealth LLC lifted its position in Western Digital Corporation (NASDAQ:WDC) by 20.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Other institutional investors have also recently modified their holdings of the company. Quadcap Wealth Management LLC raised its holdings in shares of Western Digital by 2.1% during the 4th 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 boosted its stake in 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 worth $341,000 after buying an additional 51 shares in the last quarter. Bogart Wealth LLC grew its position in Western Digital by 19.4% during the fourth quarter. Bogart Wealth LLC now owns 369 shares of the data storage provider’s stock valued at $64,000 after acquiring an additional 60 shares during the last quarter. 44 Wealth Management LLC grew its position in Western Digital by 0.8% during the third quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock valued at $1,120,000 after acquiring an additional 78 shares during the last quarter. Finally, Addison Advisors LLC raised its stake in shares of Western Digital by 7.1% during the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after acquiring an additional 85 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

Western Digital News Summary

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Western Digital from $320.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Zacks Research upgraded shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Wedbush restated an “outperform” rating and set a $325.00 price target on shares of Western Digital in a research report on Monday, February 9th. Finally, Cantor Fitzgerald raised their price objective on Western Digital to $660.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $395.83.

Western Digital Stock Down 0.6%

NASDAQ:WDC opened at $455.80 on Wednesday. The firm’s fifty day simple moving average is $360.35 and its 200 day simple moving average is $262.26. The stock has a market cap of $157.11 billion, a P/E ratio of 27.21 and a beta of 2.10. Western Digital Corporation has a twelve month low of $49.00 and a twelve month high of $525.15.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, analysts expect that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

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

Insiders Place Their Bets

In related news, insider Cynthia L. Tregillis sold 9,324 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the sale, the insider directly owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction on Friday, May 1st. The stock was 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 owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. This trade represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 53,679 shares of company stock worth $18,049,314. Company insiders own 0.18% of the company’s stock.

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.