Clear Harbor Asset Management LLC Sells 13,068 Shares of Western Digital Corporation $WDC

Clear Harbor Asset Management LLC lowered its position in shares of Western Digital Corporation (NASDAQ:WDC) by 60.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,682 shares of the data storage provider’s stock after selling 13,068 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Western Digital were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in WDC. AustralianSuper Pty Ltd acquired a new stake in Western Digital during the third quarter worth approximately $34,244,000. Cantor Fitzgerald L. P. boosted its holdings in shares of Western Digital by 399.8% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock valued at $3,900,000 after acquiring an additional 25,987 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in Western Digital by 75.4% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after acquiring an additional 4,068 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Western Digital during the 4th quarter worth $2,270,000. Finally, WESPAC Advisors LLC bought a new stake in Western Digital during the 4th quarter worth $793,000. Institutional investors own 92.51% of the company’s stock.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Western Digital is benefiting from a strong AI memory supercycle, with memory and storage shares extending a parabolic rally as investors bet on sustained demand for data-center storage. Micron Rises 7%, Western Digital Climbs and SanDisk Climb 4% as Memory Stocks Extend Parabolic Run
• Positive Sentiment: Barclays raised its price target on Western Digital to $620 from $450 and kept an Overweight rating, citing strong memory and storage fundamentals. Barclays Raises its Price Target on Western Digital (WDC)
• Positive Sentiment: Evercore ISI also lifted its target on Western Digital to $575 from $410 while reiterating an Outperform rating, adding to bullish Wall Street sentiment. Here’s What Evercore Now Says About Western Digital Corp (WDC) Stock
• Positive Sentiment: Western Digital highlighted its role in AI infrastructure at Computex, framing storage as a core part of the AI data economy rather than just a secondary hardware category. WD at Computex 2026: AI Doesn’t Just Run on Compute – It Runs on Data
• Neutral Sentiment: Several articles noted heavy bullish momentum and strong valuation expansion in memory stocks, but also warned that the move has become highly extended and vulnerable to a sharp reversal if demand expectations cool. SanDisk Stock Near $1,700: Two Risks That Could Break the Momentum
• Neutral Sentiment: One filing-related article said Situational Awareness LP sold its stake in Western Digital, but the piece did not suggest a broader change in the company’s fundamentals. Western Digital Corporation (WDC): Leopold Aschenbrenner Is Selling This Stock

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider directly owned 121,682 shares of the company’s stock, valued at $32,643,630.14. The trade was a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the completion of the transaction, the insider directly owned 107,794 shares in the company, valued at $29,137,796.14. This represents a 8.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,405 shares of company stock valued at $18,575,428 over the last 90 days. 0.18% of the stock is owned by company insiders.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $546.20 on Tuesday. The company has a market capitalization of $188.26 billion, a price-to-earnings ratio of 32.61 and a beta of 2.13. The business’s 50-day moving average is $400.87 and its 200-day moving average is $284.43. Western Digital Corporation has a 1 year low of $51.17 and a 1 year high of $564.14.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The firm’s revenue was up 45.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Analysts anticipate that Western Digital Corporation will post 9.57 EPS 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 paid a $0.15 dividend. 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%. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio (DPR) is presently 2.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Argus set a $300.00 price objective on Western Digital in a research report on Tuesday, February 3rd. Evercore restated an “outperform” rating and set a $575.00 price objective on shares of Western Digital in a research report on Tuesday, May 26th. Wall Street Zen upgraded Western Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Truist Financial set a $310.00 target price on Western Digital in a report on Tuesday, February 3rd. Finally, New Street Research set a $250.00 target price on Western Digital in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.63.

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.