Western Digital Corporation $WDC Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its position in Western Digital Corporation (NASDAQ:WDC) by 44.5% during the fourth quarter, Holdings Channel reports. The fund owned 9,296 shares of the data storage provider’s stock after selling 7,452 shares during the quarter. Securian Asset Management Inc.’s holdings in Western Digital were worth $1,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Quadcap Wealth Management LLC increased its holdings in shares of Western Digital by 2.1% in the 4th quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock worth $346,000 after acquiring an additional 41 shares during the period. Moss Adams Wealth Advisors LLC increased its holdings in shares of Western Digital by 2.6% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock worth $341,000 after acquiring an additional 51 shares during the period. Bogart Wealth LLC increased its holdings in shares of Western Digital by 19.4% in the 4th quarter. Bogart Wealth LLC now owns 369 shares of the data storage provider’s stock worth $64,000 after acquiring an additional 60 shares during the period. 44 Wealth Management LLC increased its holdings in shares of Western Digital by 0.8% in the 3rd quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock worth $1,120,000 after acquiring an additional 78 shares during the period. Finally, Addison Advisors LLC increased its holdings in shares of Western Digital by 7.1% in the 3rd quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Activity

In other news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the transaction, the chief executive officer owned 598,150 shares in the company, valued at approximately $246,342,096. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total transaction of $2,743,105.88. Following the transaction, the insider owned 107,794 shares of the company’s stock, valued at approximately $29,137,796.14. This trade represents a 8.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 53,679 shares of company stock worth $18,049,314. Corporate insiders own 0.18% of the company’s stock.

Western Digital Trading Up 7.5%

NASDAQ:WDC opened at $515.83 on Tuesday. Western Digital Corporation has a twelve month low of $46.40 and a twelve month high of $525.15. The company has a 50-day moving average of $334.30 and a 200-day moving average of $247.47. The firm has a market cap of $177.80 billion, a price-to-earnings ratio of 30.80 and a beta of 2.10.

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

Western Digital Increases Dividend

The firm also recently disclosed 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. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s payout ratio is 2.99%.

More Western Digital News

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

• Positive Sentiment: Western Digital reported better-than-expected Q3 results, with EPS of $2.72 versus $2.39 expected and revenue of $3.34 billion versus $3.25 billion estimated, while also boosting its dividend by 20%. Western Digital (WDC) Stock Soars to Record Peak on Stellar Q3 Results and Dividend Boost
• Positive Sentiment: Several reports said WDC is benefiting from surging AI infrastructure spending, which is increasing demand for high-capacity data center storage and memory chips. Western Digital rallies 7% amid AI surge in Micron and Sandisk
• Positive Sentiment: Analyst commentary highlighted Western Digital as a potential winner from continued hyperscaler AI spending, reinforcing the bullish memory-storage trade. Why These 3 High-Flying Memory & Storage Stocks Will Rise Further
• Neutral Sentiment: Short-interest data showed 0 shares reported as of May 11, which does not provide a meaningful signal for investors.
• Neutral Sentiment: Related coverage also noted strong momentum in SanDisk and the broader memory ETF, adding to sector enthusiasm rather than changing WDC-specific fundamentals. SanDisk’s 4,000% Moonshot Just Made Its Parent The Underdog

Analyst Ratings Changes

A number of equities analysts recently issued reports on WDC shares. Mizuho set a $470.00 target price on shares of Western Digital in a research report on Friday, May 1st. Wedbush reiterated an “outperform” rating and issued a $325.00 target price on shares of Western Digital in a research report on Monday, February 9th. JPMorgan Chase & Co. increased their target price on shares of Western Digital from $320.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Evercore reiterated an “outperform” rating and issued a $500.00 target price on shares of Western Digital in a research report on Friday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $488.00 target price on shares of Western Digital in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.83.

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.