Harvest Fund Management Co. Ltd Purchases 66,044 Shares of Western Digital Corporation $WDC

Harvest Fund Management Co. Ltd raised its position in Western Digital Corporation (NASDAQ:WDC) by 326.6% in the 4th quarter, Holdings Channel reports. The firm owned 86,264 shares of the data storage provider’s stock after buying an additional 66,044 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Western Digital were worth $13,801,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Prudential PLC increased its stake in Western Digital by 22.0% in the fourth quarter. Prudential PLC now owns 6,909 shares of the data storage provider’s stock valued at $1,190,000 after purchasing an additional 1,247 shares in the last quarter. Vise Technologies Inc. boosted its holdings in shares of Western Digital by 42.8% in the fourth quarter. Vise Technologies Inc. now owns 8,575 shares of the data storage provider’s stock valued at $1,477,000 after buying an additional 2,568 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Western Digital by 45.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 86,613 shares of the data storage provider’s stock valued at $14,921,000 after buying an additional 27,156 shares during the period. Verus Capital Partners LLC boosted its holdings in shares of Western Digital by 53.8% in the fourth quarter. Verus Capital Partners LLC now owns 3,444 shares of the data storage provider’s stock valued at $593,000 after buying an additional 1,204 shares during the period. Finally, TD Asset Management Inc boosted its holdings in shares of Western Digital by 13.7% in the fourth quarter. TD Asset Management Inc now owns 140,547 shares of the data storage provider’s stock valued at $24,212,000 after buying an additional 16,899 shares during the period. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Down 3.1%

Shares of WDC stock opened at $575.50 on Friday. The company’s fifty day simple moving average is $417.75 and its 200-day simple moving average is $293.25. The firm has a market cap of $198.36 billion, a PE ratio of 34.36 and a beta of 2.13. Western Digital Corporation has a 12 month low of $54.22 and a 12 month high of $602.54.

Western Digital (NASDAQ:WDC) last announced 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. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm’s revenue for the quarter was up 45.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities analysts predict 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. This is a boost from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s payout ratio is presently 2.99%.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Western Digital’s recent Computex 2026 messaging reinforced the idea that AI demand is not just about chips, but about storage and data movement, supporting the stock’s AI-related momentum. AI isn’t just a compute race. It’s a data race – and storage will decide the winners, WD shares
• Positive Sentiment: Citigroup reportedly raised its price target on Western Digital by 37%, which likely boosted investor confidence and helped send shares to fresh highs. Western Digital (WDC) Hits All-Time High as Citi Hikes PT by 37%
• Positive Sentiment: Western Digital also announced a convertible-debt exchange, which investors may view as a cleaner capital structure that gives the company more flexibility for future AI-related moves. Western Digital Restructures Convertible Debt via Equity Exchange
• Positive Sentiment: Commentary continues to frame Western Digital as a beneficiary of the AI storage supercycle, with tighter supply and firm pricing supporting the earnings outlook. How The Western Digital (WDC) Investment Story Is Shifting With AI Storage And New Valuations
• Positive Sentiment: Western Digital’s recent earnings were strong, with revenue and EPS beating estimates, which continues to underpin the rally in the stock. Western Digital stock and company profile
• Neutral Sentiment: The stock also drew attention from a conference presentation and ongoing coverage, but these items did not introduce a clearly new catalyst on their own. Western Digital Corporation (WDC) Presents at 2026 Evercore Global TMT Conference Transcript
• Negative Sentiment: A small insider sale by a company executive may have slightly cooled sentiment, though it was modest relative to the insider’s remaining holdings. SEC filing for insider sale
• Negative Sentiment: Near-term stock weakness may also reflect broad semiconductor-sector pressure after weak AI-chip commentary from peers, which can spill over into storage names like Western Digital. Micron Drops 7% as Broadcom’s Disappointing AI Outlook Triggers a Semiconductor Selloff

Insider Buying and Selling at Western Digital

In other news, 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 value of $396,390.00. Following the sale, the director owned 3,903 shares of the company’s stock, valued at $2,062,813.56. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Cynthia L. Tregillis sold 214 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $539.63, for a total transaction of $115,480.82. Following the completion of the sale, the insider directly owned 117,157 shares in the company, valued at approximately $63,221,431.91. This represents a 0.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 28,890 shares of company stock worth $12,532,851. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Western Digital from $500.00 to $575.00 and gave the company an “overweight” rating in a report on Monday. Wedbush reiterated an “outperform” rating and issued a $325.00 price target on shares of Western Digital in a report on Monday, February 9th. Susquehanna reiterated a “neutral” rating and issued a $285.00 price target on shares of Western Digital in a report on Friday, February 6th. Wall Street Zen upgraded shares of Western Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Citigroup upped their price target on shares of Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $424.33.

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.