Ellevest Inc. Invests $208,000 in Western Digital Corporation $WDC

Ellevest Inc. purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,209 shares of the data storage provider’s stock, valued at approximately $208,000.

A number of other large investors have also added to or reduced their stakes in the company. Black Swift Group LLC acquired a new stake in Western Digital during the 4th quarter valued at $2,153,000. Florida Financial Advisors LLC acquired a new stake in Western Digital during the 4th quarter valued at $1,695,000. Rothschild Wealth LLC acquired a new stake in Western Digital during the 4th quarter valued at $447,000. Nomura Asset Management Co. Ltd. grew its holdings in Western Digital by 33.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock valued at $193,303,000 after purchasing an additional 282,156 shares in the last quarter. Finally, PARUS FINANCE UK Ltd acquired a new stake in Western Digital during the 4th quarter valued at $493,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Western Digital Stock Up 5.5%

Shares of NASDAQ:WDC opened at $594.11 on Thursday. The company has a market cap of $204.78 billion, a PE ratio of 35.47 and a beta of 2.13. The company’s 50-day moving average price is $412.26 and its 200 day moving average price is $290.30. Western Digital Corporation has a fifty-two week low of $53.47 and a fifty-two week high of $602.54.

Western Digital (NASDAQ:WDC) last issued 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. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. Western Digital’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same period last year, the firm posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities analysts anticipate that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is an increase from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio (DPR) is currently 2.99%.

Key Western Digital News

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

• Positive Sentiment: Western Digital disclosed a privately negotiated exchange of convertible debt, helping reduce refinancing risk and signaling further progress in cleaning up its balance sheet. Investors appear to view the move as freeing up more flexibility for future AI-related investments. Western Digital Restructures Convertible Debt via Equity Exchange
• Positive Sentiment: Multiple recent articles highlighted Western Digital as a beneficiary of the AI storage boom, with demand for memory and data storage rising across cloud, AI, IoT, and enterprise markets. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Commentary this week also emphasized that Western Digital’s AI storage trade still has room to run, reinforcing bullish sentiment around the stock’s long-term growth story. Western Digital: The AI Storage Trade Still Has Room To Run
• Neutral Sentiment: Western Digital’s conference appearances kept the company in view, but the headlines did not point to a major new operating update or guidance change. Western Digital Corporation (WDC) Presents at 2026 Evercore Global TMT Conference Transcript
• Neutral Sentiment: Several writeups said Western Digital has strong momentum and all-time highs, but one article argued the stock may already be expensive after a huge run, which tempers the near-term upside case. Up 1,000% in the Past Year, It’s Too Late to Buy Western Digital Stock
• Negative Sentiment: An insider sale by Vidyadhara K. Gubbi was disclosed, which can slightly pressure sentiment even though the sale was small relative to the insider’s remaining holdings. SEC filing for insider sale

Insider Activity at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the company’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 sale, the chief executive officer directly owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. This represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 214 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $539.63, for a total transaction of $115,480.82. Following the completion of the sale, the insider directly owned 117,157 shares of the company’s stock, valued at approximately $63,221,431.91. This represents a 0.18% 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. In the last 90 days, insiders sold 37,408 shares of company stock valued at $14,707,666. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WDC. Rosenblatt Securities raised their price target on shares of Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Western Digital from $320.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $400.00 price target on shares of Western Digital in a report on Friday, May 1st. Wall Street Zen raised shares of Western Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Jefferies Financial Group set a $575.00 price objective on shares of Western Digital in a report on Tuesday, May 26th. One equities 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. According to data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and a consensus price target of $424.33.

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.