Soltis Investment Advisors LLC Buys Shares of 1,543 Western Digital Corporation $WDC

Soltis Investment Advisors LLC bought a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,543 shares of the data storage provider’s stock, valued at approximately $266,000.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. grew its position 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. Cullen Frost Bankers Inc. grew its position in Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after buying an additional 204 shares in the last quarter. Westfuller Advisors LLC purchased a new position in Western Digital during the third quarter worth about $30,000. Avion Wealth grew its position 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. Finally, Cornerstone Planning Group LLC grew its position 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. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Activity

In other news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was 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 owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. The trade was a 3.24% decrease in their position. The transaction 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 Vidyadhara K. Gubbi sold 4,674 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. This trade represents a 4.93% 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 valued at $18,049,314. Insiders own 0.18% of the company’s stock.

Western Digital Stock Down 0.6%

Shares of WDC stock opened at $455.80 on Wednesday. The business has a 50-day moving average price of $360.35 and a two-hundred day moving average price of $262.26. Western Digital Corporation has a 12-month low of $49.00 and a 12-month high of $525.15. The firm has a market cap of $157.11 billion, a P/E ratio of 27.21 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.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 company posted $1.36 earnings per share. The company’s 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. As a group, research analysts expect that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The business also recently announced 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. 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital’s dividend payout ratio is presently 2.99%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Western Digital announced industry-first post-quantum cryptography hard drives, reinforcing its pitch that it can win more AI data-center business by offering “quantum-safe” storage security for hyperscalers. WD Advances Next-Generation Trusted Infrastructure with Industry’s First Post-Quantum Cryptography Hard Drives to Help Secure the Future of AI Data
• Positive Sentiment: Multiple reports highlighted that AI infrastructure is driving a storage supercycle, with stronger pricing power for enterprise SSDs and hard drives; that backdrop is favorable for Western Digital’s revenue and margins. Seagate and Western Digital: AI Storage Demand Is Now Showing Up in Pricing Power
• Positive Sentiment: Analyst commentary suggests Western Digital’s fair value is being revised higher on stronger earnings expectations tied to AI storage demand, and one note cited a price target around $504, supporting the stock’s long-term bull case. Why The Western Digital (WDC) Story Is Shifting On New Earnings And AI Storage Expectations
• Positive Sentiment: Western Digital was added to the 2026 S&P Dow Jones Best-in-Class Index North America, a small but constructive inclusion that can improve visibility with institutional investors. Western Digital Corporation (WDC) Included in 2026 S&P Dow Jones Best-in-Class Index North America
• Neutral Sentiment: Shares were little changed in the session after a sharp sector-wide selloff, as memory stocks including Micron and SanDisk bounced while Western Digital lagged, suggesting WDC is being pulled around by broader group trading rather than company-specific news. Micron Is Up 6% Today: Is It Outperforming Other Memory Stocks Like SanDisk and Western Digital?
• Negative Sentiment: Near-term sentiment was pressured by reports of AI supply-chain and capacity-crunch fears across memory stocks, which sparked a premarket selloff in Western Digital and peers. Micron, Seagate, Western Digital Sink On Capacity Crunch Fears

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley restated an “overweight” rating and set a $488.00 target price on shares of Western Digital in a research report on Friday, May 1st. Mizuho set a $470.00 target price on Western Digital in a research report on Friday, May 1st. Wells Fargo & Company boosted their target price on Western Digital from $335.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on Western Digital from $320.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Citigroup boosted their target price on Western Digital from $405.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Western Digital 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.