1,744 Shares in Western Digital Corporation $WDC Bought by May Hill Capital LLC

May Hill Capital LLC bought a new position in Western Digital Corporation (NASDAQ:WDC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,744 shares of the data storage provider’s stock, valued at approximately $300,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDC. Beese Fulmer Investment Management Inc. bought a new position in shares of Western Digital during the fourth quarter valued at $337,000. Accredited Investors Inc. bought a new position in shares of Western Digital during the fourth quarter valued at $254,000. Canada Post Corp Registered Pension Plan lifted its holdings in shares of Western Digital by 20.9% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 10,629 shares of the data storage provider’s stock valued at $1,831,000 after acquiring an additional 1,840 shares during the period. AlphaCore Capital LLC lifted its holdings 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. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Western Digital during the fourth quarter valued at $363,000. 92.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Susquehanna reissued a “neutral” rating and set a $285.00 price objective on shares of Western Digital in a report on Friday, February 6th. Mizuho set a $470.00 price objective on Western Digital in a report on Friday, May 1st. Evercore reissued an “outperform” rating and set a $500.00 price objective on shares of Western Digital in a report on Friday, May 1st. Wedbush reissued an “outperform” rating and set a $325.00 price objective on shares of Western Digital in a report on Monday, February 9th. Finally, Rosenblatt Securities lifted their price objective on Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $395.83.

Insider Activity

In other news, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $443.19, for a total value of $2,071,470.06. Following the completion of the sale, the insider directly owned 90,041 shares in the company, valued at approximately $39,905,270.79. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction 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 sale, 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 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. Over the last ninety days, insiders sold 53,679 shares of company stock worth $18,049,314. 0.18% of the stock is owned by corporate insiders.

Western Digital Stock Performance

Shares of NASDAQ:WDC opened at $482.20 on Monday. Western Digital Corporation has a twelve month low of $49.00 and a twelve month high of $525.15. The firm has a market cap of $166.20 billion, a PE ratio of 28.79 and a beta of 2.10. The business has a fifty day moving average of $352.15 and a 200-day moving average of $257.69.

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. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company posted $1.36 earnings per share. The firm’s quarterly revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, analysts anticipate that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

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

Western Digital News Roundup

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

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.