Legacy Financial Advisors Inc. Purchases Shares of 1,470 Western Digital Corporation $WDC

Legacy Financial Advisors Inc. purchased a new stake in Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,470 shares of the data storage provider’s stock, valued at approximately $253,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. World Investment Advisors lifted its stake in Western Digital by 145.8% in the fourth quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock valued at $1,025,000 after buying an additional 3,529 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Western Digital by 98.3% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 296,694 shares of the data storage provider’s stock valued at $51,111,000 after buying an additional 147,094 shares during the period. Fourth Dimension Wealth LLC lifted its stake in Western Digital by 52.6% in the fourth quarter. Fourth Dimension Wealth LLC now owns 290 shares of the data storage provider’s stock valued at $50,000 after buying an additional 100 shares during the period. HighPoint Advisor Group LLC lifted its stake in Western Digital by 302.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 29,871 shares of the data storage provider’s stock valued at $5,146,000 after buying an additional 22,451 shares during the period. Finally, Win Advisors Inc. acquired a new position in Western Digital in the fourth quarter valued at approximately $1,233,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Western Digital News Summary

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 for the first time, highlighting its ESG performance and leadership in sustainable AI infrastructure. WD Named to 2026 S&P Dow Jones Best‑in‑Class Index North America, Recognizing Leadership in Sustainable AI Infrastructure
• Positive Sentiment: Multiple reports point to WDC riding an AI storage boom, with strong earnings, rising hyperscaler demand, and aggressive shareholder returns after the SanDisk split. WDC’s Whopping 893% Run in a Year: Buy the Stock Amid AI Storage Boom?
• Positive Sentiment: Memory chip stocks, including Western Digital, have been rising on momentum tied to AI demand and the view that storage is a critical constraint in data-center buildouts. SNDK, MU: Why Are AI Memory Chip Stocks Rising Today, 05/13/26?
• Neutral Sentiment: Broader market commentary also noted Western Digital among the recent high-momentum stocks, reflecting strong investor interest rather than a company-specific new catalyst. 2 Momentum Stocks to Consider Right Now and 1 That Underwhelm
• Negative Sentiment: One sector-risk report flagged WDC’s broader industry as vulnerable ahead of a policy change, which could temper some of the recent enthusiasm if macro conditions weaken. 3 Sectors That Look Most Vulnerable Ahead of May 15 (WDC)

Insider Activity

In other news, insider Cynthia L. Tregillis sold 363 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $377.09, for a total transaction of $136,883.67. Following the completion of the sale, the insider directly owned 120,023 shares of the company’s stock, valued at $45,259,473.07. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the sale, the insider directly owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. This represents a 4.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,679 shares of company stock valued at $18,049,314 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group increased their target price on Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Robert W. Baird increased their target price on Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Western Digital in a report on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $400.00 target price on shares of Western Digital in a report on Friday, May 1st. Finally, Sanford C. Bernstein upgraded Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 target price on the stock in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and an average price target of $395.83.

Western Digital Trading Down 1.0%

NASDAQ WDC opened at $489.15 on Friday. The firm has a market capitalization of $168.60 billion, a P/E ratio of 29.20 and a beta of 2.10. The business has a fifty day simple moving average of $347.73 and a 200 day simple moving average of $255.19. Western Digital Corporation has a 12 month low of $48.81 and a 12 month high of $525.15.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.Western Digital’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, sell-side analysts predict 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s payout ratio is 2.99%.

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.