Clearstead Advisors LLC Has $723,000 Stock Holdings in Western Digital Corporation $WDC

Clearstead Advisors LLC grew its stake in Western Digital Corporation (NASDAQ:WDC) by 54.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,194 shares of the data storage provider’s stock after buying an additional 1,480 shares during the period. Clearstead Advisors LLC’s holdings in Western Digital were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in WDC. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 valued at $6,281,000 after purchasing an additional 5,731 shares in the last quarter. LBP AM SA bought a new position in shares of Western Digital in the third quarter valued at approximately $641,000. AustralianSuper Pty Ltd bought a new position in shares of Western Digital in the third quarter valued at approximately $34,244,000. Cantor Fitzgerald L. P. lifted its holdings 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 valued at $3,900,000 after purchasing an additional 25,987 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its holdings 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 valued at $1,778,000 after purchasing an additional 4,068 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Activity

In other Western Digital news, insider Cynthia L. Tregillis sold 214 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $539.63, for a total value of $115,480.82. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction 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. The trade was a 4.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 53,655 shares of company stock valued at $18,179,038 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Western Digital Stock Up 0.1%

Shares of NASDAQ:WDC opened at $531.18 on Friday. The company has a market capitalization of $183.09 billion, a price-to-earnings ratio of 31.71 and a beta of 2.10. Western Digital Corporation has a 52 week low of $51.17 and a 52 week high of $553.50. The firm has a 50 day moving average of $391.76 and a 200 day moving average of $279.27.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Western Digital’s revenue for the quarter 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, sell-side analysts expect that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.15 per share. 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 of this dividend is Friday, June 5th. Western Digital’s dividend payout ratio is presently 2.99%.

Western Digital News Roundup

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

• Positive Sentiment: Western Digital is being viewed as a key beneficiary of surging AI infrastructure spending, with multiple reports citing stronger data-center storage demand and improving pricing conditions for memory and hard drives. Western Digital Stock Investors Need to See This
• Positive Sentiment: Coverage around the “memory melt-up” continues to support the stock, as peers like Micron and SanDisk rally on the same supply-tight, AI-demand narrative that is also benefiting WDC. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Evercore raised its price target on Western Digital to $575 and called the stock “underappreciated,” pointing to HDD demand tied to AI data-center buildouts. Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here
• Positive Sentiment: Western Digital appointed former NVIDIA executive Manuvir Das to its board, reinforcing the company’s AI infrastructure credentials and signaling deeper alignment with the AI build-out theme. WD Appoints Manuvir Das to Board of Directors
• Neutral Sentiment: An insider sale by Cynthia L. Tregillis was disclosed, but it was small and executed under a pre-arranged 10b5-1 plan, so it does not appear to be a strong bearish signal. SEC filing
• Neutral Sentiment: Some articles note the stock has become very extended after a sharp multi-month run, which could lead to volatility even though the fundamental backdrop remains supportive. Sandisk Stock’s 4,000% Rise Is Happening Too Fast to Keep Up With

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WDC shares. The Goldman Sachs Group restated a “neutral” rating and issued a $400.00 target price on shares of Western Digital in a report on Friday, May 1st. Mizuho set a $470.00 target price on Western Digital in a report on Friday, May 1st. Truist Financial set a $310.00 target price on Western Digital in a report on Tuesday, February 3rd. New Street Research set a $250.00 price target on Western Digital in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company increased their price target on Western Digital from $335.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and an average price target of $413.50.

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.