Alight Capital Management LP Has $1.72 Million Stake in Western Digital Corporation $WDC

Posted by ABMN Staff on Jun 18th, 2026

Alight Capital Management LP decreased its position in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the data storage provider’s stock after selling 30,000 shares during the period. Alight Capital Management LP’s holdings in Western Digital were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Guggenheim Capital LLC increased its holdings in shares of Western Digital by 259.5% in the fourth quarter. Guggenheim Capital LLC now owns 108,429 shares of the data storage provider’s stock valued at $18,679,000 after purchasing an additional 78,267 shares in the last quarter. Caisse de depot et placement du Quebec increased its holdings in shares of Western Digital by 532.6% in the fourth quarter. Caisse de depot et placement du Quebec now owns 593,296 shares of the data storage provider’s stock valued at $102,207,000 after purchasing an additional 499,510 shares in the last quarter. Hawk Ridge Capital Management LP increased its holdings in shares of Western Digital by 103.9% in the fourth quarter. Hawk Ridge Capital Management LP now owns 325,700 shares of the data storage provider’s stock valued at $56,108,000 after purchasing an additional 166,000 shares in the last quarter. DV Equities LLC acquired a new stake in shares of Western Digital in the fourth quarter valued at approximately $84,000. Finally, J. Goldman & Co LP acquired a new stake in shares of Western Digital in the fourth quarter valued at approximately $3,101,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Stock Performance

WDC opened at $712.13 on Thursday. The company has a fifty day moving average price of $470.28 and a two-hundred day moving average price of $320.11. Western Digital Corporation has a 52 week low of $58.53 and a 52 week high of $741.85. The firm has a market capitalization of $245.46 billion, a PE ratio of 42.52 and a beta of 2.13.

Western Digital (NASDAQ:WDC – Get Free Report) last released its earnings results 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 firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The business’s quarterly 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. Equities analysts forecast that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were given a $0.15 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s payout ratio is presently 3.58%.

More Western Digital News

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

Positive Sentiment: Morgan Stanley boosted its outlook on Western Digital, lifting its price target and reinforcing a bullish view on HDD demand and the company’s HAMR roadmap, which helped push the shares to new highs. Western Digital Stock Just Hit a New All-Time High. Here’s Why.
Positive Sentiment: Several articles point to surging AI infrastructure spending and cloud storage demand as the main catalyst, with Western Digital increasingly viewed as a beneficiary of the AI trade. Western Digital stock jumps as AI trade reignites
Positive Sentiment: Recent coverage says earnings are nearly doubling on AI and cloud demand, while estimates continue to move higher, supporting momentum-trader interest in WDC. Western Digital (WDC) Moves 4.2% Higher: Will This Strength Last?
Neutral Sentiment: Investors are also watching the June 22 SanDisk-related catalyst, which could influence sentiment but is not yet a confirmed financial event. Dear Western Digital Stock Fans, Mark Your Calendars for June 22
Negative Sentiment: Some commentary warns the rally may have run ahead of fundamentals and could be due for a near-term pullback after the stock’s massive year-to-date run. Western Digital stock looks ripe for a near-term pullback: find out more

Analyst Upgrades and Downgrades

WDC has been the subject of a number of research reports. Cantor Fitzgerald raised their price target on shares of Western Digital to $660.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Mizuho raised their price target on shares of Western Digital from $550.00 to $685.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Evercore reissued an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a report on Tuesday, May 26th. Sanford C. Bernstein raised shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price target for the company in a report on Tuesday, March 31st. Finally, Robert W. Baird raised their price target on shares of Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $450.46.

Read Our Latest Stock Report on Western Digital

Insiders Place Their Bets

In related news, insider Vidyadhara K. Gubbi sold 4,674 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the sale, the insider directly owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce E. Kiddoo sold 750 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the sale, the director directly owned 3,903 shares in the company, valued at $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,322 shares of company stock valued at $12,768,550 over the last 90 days. 0.18% of the stock is owned by company insiders.

Western Digital Profile

(Free Report)

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.