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

Ellevest Inc. purchased a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,209 shares of the data storage provider’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. boosted its holdings in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares in the last quarter. Avion Wealth boosted its holdings in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after buying an additional 113 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Western Digital by 207.0% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock worth $32,000 after buying an additional 178 shares in the last quarter. BOKF NA boosted its holdings in Western Digital by 6,700.0% during the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after buying an additional 268 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Western Digital during the third quarter worth about $33,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Western Digital

In other news, insider Cynthia L. Tregillis sold 214 shares of the 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 completion of the sale, the insider owned 117,157 shares of the company’s stock, valued at $63,221,431.91. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the sale, the insider directly owned 85,154 shares of the company’s stock, valued at $47,366,060.96. The trade was a 2.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,408 shares of company stock worth $14,707,666 over the last three months. 0.18% of the stock is currently owned by insiders.

Western Digital News Roundup

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on WDC. Mizuho set a $470.00 price objective on shares of Western Digital in a report on Friday, May 1st. Bank of America upped their price target on shares of Western Digital to $495.00 and gave the company a “buy” rating in a report on Monday, April 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $400.00 price target on shares of Western Digital in a report on Friday, May 1st. Susquehanna reaffirmed a “neutral” rating and issued a $285.00 price target on shares of Western Digital in a report on Friday, February 6th. Finally, Barclays upped their price target on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $424.33.

Western Digital Stock Up 5.5%

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

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share 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 for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the firm posted $1.36 earnings per share. Western Digital’s revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Research analysts forecast that Western Digital Corporation will post 9.57 earnings per share for the current fiscal 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 $0.15 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 2.99%.

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.