1,254 Shares in Western Digital Corporation $WDC Acquired by Financial Synergies Wealth Advisors Inc.

Financial Synergies Wealth Advisors Inc. purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,254 shares of the data storage provider’s stock, valued at approximately $216,000.

A number of other institutional investors have also added to or reduced their stakes in WDC. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Western Digital by 12.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock worth $6,281,000 after purchasing an additional 5,731 shares during the last quarter. LBP AM SA purchased a new stake in shares of Western Digital in the third quarter worth approximately $641,000. AustralianSuper Pty Ltd purchased a new stake in shares of Western Digital in the third quarter worth approximately $34,244,000. Cantor Fitzgerald L. P. raised its stake in shares of Western Digital by 399.8% in the third quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after purchasing an additional 25,987 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its stake in shares of Western Digital by 75.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after purchasing an additional 4,068 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction 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 approximately $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 accessible through this link. Also, CEO Irving Tan sold 20,000 shares of the 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 transaction, the chief executive officer directly 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 valued at $18,049,314. Company insiders own 0.18% of the company’s stock.

Western Digital News Summary

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Western Digital’s role in the AI storage buildout, arguing that surging demand for enterprise SSDs and NAND flash could support a longer-lasting pricing upcycle. Recent coverage also points to raised fair-value estimates and higher price targets as expectations for earnings power improve. Why The Western Digital (WDC) Story Is Shifting On New Earnings And AI Storage Expectations
• Positive Sentiment: Western Digital’s inclusion in the 2026 S&P Dow Jones Best-in-Class Index North America may provide an incremental technical boost from index-related buying and reinforces improving investor perception around the company. Western Digital Corporation (WDC) Included in 2026 S&P Dow Jones Best-in-Class Index North America
• Positive Sentiment: A fresh thesis piece framed Western Digital as a beneficiary of a broader “AI rotation” into data storage, with tight NAND supply and rising enterprise demand seen as catalysts for margin and revenue expansion. The Great AI Rotation: Cashing In on Data
• Neutral Sentiment: One valuation-focused article says the stock has cooled after a strong run, with recent price action taking a breather even as longer-term momentum remains strong. This suggests some investors may be pausing to reassess whether the rally has gone too far. Western Digital (WDC) Valuation Check After Strong 1-Year Return And Recent Share Price Cooldown
• Negative Sentiment: Sector weakness also pressured Western Digital, with reports that memory and storage stocks fell as investors worried about AI infrastructure capacity, supply-chain constraints, and a broader rotation out of the group ahead of Nvidia’s earnings. Micron, Seagate, Western Digital Sink On Capacity Crunch Fears
• Negative Sentiment: Another report said Western Digital slid alongside Seagate as the AI infrastructure rally was tested, indicating near-term profit-taking and weaker sentiment across the memory complex. Seagate Stock And Western Digital Slide Further As AI Infrastructure Rally Tested

Western Digital Trading Up 0.8%

Shares of NASDAQ WDC opened at $459.62 on Thursday. The stock has a fifty day simple moving average of $364.30 and a two-hundred day simple moving average of $264.52. Western Digital Corporation has a 1-year low of $49.00 and a 1-year high of $525.15. The firm has a market cap of $158.42 billion, a price-to-earnings ratio of 27.44 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the company earned $1.36 earnings per share. Western Digital’s 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. Analysts forecast that Western Digital Corporation will post 9.57 EPS for the current 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s dividend payout ratio is currently 2.99%.

Analysts Set New Price Targets

Several brokerages have recently commented on WDC. Cantor Fitzgerald increased their price objective on Western Digital to $660.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Robert W. Baird increased their price objective on Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on Western Digital from $320.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Rosenblatt Securities increased their price objective on Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $395.83.

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.