Western Digital Corporation $WDC Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. trimmed its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,308 shares of the data storage provider’s stock after selling 11,750 shares during the quarter. Western Digital comprises 1.5% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 17th biggest holding. John G Ullman & Associates Inc.’s holdings in Western Digital were worth $11,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Western Digital by 7.7% during the 1st 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 period. Geneos Wealth Management Inc. lifted its position in Western Digital by 229.7% during the 1st 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 period. Sivia Capital Partners LLC acquired a new stake in Western Digital during the 2nd quarter worth approximately $307,000. Cresset Asset Management LLC acquired a new stake in Western Digital during the 2nd quarter worth approximately $292,000. Finally, Federated Hermes Inc. lifted its position in Western Digital by 55.3% during the 2nd 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 period. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Western Digital

In related news, insider Cynthia L. Tregillis sold 9,324 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 121,682 shares of the company’s stock, valued at $32,643,630.14. This trade represents a 7.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were 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 directly owned 598,150 shares of the company’s stock, valued at $246,342,096. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 53,679 shares of company stock valued at $18,049,314 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on WDC shares. Barclays increased their price objective on Western Digital from $405.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. New Street Research set a $250.00 price objective on Western Digital in a research report on Tuesday, February 3rd. Susquehanna reissued a “neutral” rating and set a $285.00 target price on shares of Western Digital in a research note on Friday, February 6th. Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Western Digital in a research note on Monday, February 9th. Finally, Argus set a $300.00 target price on Western Digital in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $395.83.

More 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 Trading Down 1.4%

Shares of WDC stock opened at $482.20 on Friday. The company has a market cap of $166.20 billion, a price-to-earnings ratio of 28.79 and a beta of 2.10. The stock has a 50 day simple moving average of $352.15 and a 200-day simple moving average of $256.77. Western Digital Corporation has a 12-month low of $49.00 and a 12-month high of $525.15.

Western Digital (NASDAQ:WDC) last issued its earnings results 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. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities analysts forecast that Western Digital Corporation will post 9.57 earnings per share 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. Investors of record on Friday, June 5th will be paid a $0.15 dividend. 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 an increase from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio (DPR) is 2.99%.

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.