Western Digital Corporation $WDC Stock Holdings Lowered by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lowered its position in shares of Western Digital Corporation (NASDAQ:WDC) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,120 shares of the data storage provider’s stock after selling 2,446 shares during the period. Dana Investment Advisors Inc.’s holdings in Western Digital were worth $5,361,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Western Digital by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after acquiring an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Western Digital by 229.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after acquiring an additional 967 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Western Digital during the second quarter worth about $307,000. Cresset Asset Management LLC bought a new position in shares of Western Digital during the second quarter worth about $292,000. Finally, Federated Hermes Inc. grew its position in shares of Western Digital by 55.3% during the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Activity at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 10,148 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the completion of the sale, the insider directly owned 107,794 shares of the company’s stock, valued at approximately $29,137,796.14. This represents a 8.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cynthia L. Tregillis sold 9,324 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the sale, the insider directly owned 121,682 shares of the company’s stock, valued at $32,643,630.14. The trade was a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,679 shares of company stock worth $18,049,314 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Down 1.4%

Shares of WDC opened at $482.20 on Friday. The firm has a 50-day moving average price of $352.15 and a 200 day moving average price of $256.77. The firm has a market capitalization of $166.20 billion, a PE ratio of 28.79 and a beta of 2.10. Western Digital Corporation has a 52-week low of $49.00 and a 52-week high of $525.15.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The firm 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%. Western Digital’s revenue was up 45.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities analysts expect that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America upped their price target on shares of Western Digital to $495.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Susquehanna restated a “neutral” rating and set a $285.00 price target on shares of Western Digital in a research report on Friday, February 6th. JPMorgan Chase & Co. upped their price target on shares of Western Digital from $320.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. 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, Morgan Stanley restated an “overweight” rating and set a $488.00 price target on shares of Western Digital in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.83.

Key Western Digital News

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.