Harbour Investments Inc. Sells 13,861 Shares of Western Digital Corporation $WDC

Harbour Investments Inc. lessened its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 91.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,275 shares of the data storage provider’s stock after selling 13,861 shares during the period. Harbour Investments Inc.’s holdings in Western Digital were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Western Digital by 7.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after purchasing an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Western Digital by 229.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after purchasing an additional 967 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Western Digital in the 2nd quarter worth about $307,000. Cresset Asset Management LLC purchased a new position in shares of Western Digital in the 2nd quarter worth about $292,000. Finally, Federated Hermes Inc. raised its position in shares of Western Digital by 55.3% in the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after purchasing an additional 845 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Key Western Digital News

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

Insiders Place Their Bets

In other Western Digital news, insider Vidyadhara K. Gubbi sold 8,518 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $255.32, for a total value of $2,174,815.76. Following the completion of the transaction, the insider directly owned 99,276 shares in the company, valued at $25,347,148.32. This represents a 7.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $411.84, for a total value of $8,236,800.00. Following the transaction, the chief executive officer owned 598,150 shares of the company’s stock, valued at $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 37,408 shares of company stock valued at $14,707,666. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

WDC has been the subject of several recent analyst reports. Barclays lifted their price target on Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Citigroup boosted their target price on Western Digital from $500.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen raised Western Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $400.00 target price on shares of Western Digital in a research report on Friday, May 1st. Finally, UBS Group boosted their target price on Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $424.33.

Western Digital Trading Up 5.5%

Shares of NASDAQ:WDC opened at $594.11 on Thursday. The stock has a 50 day moving average of $412.26 and a 200 day moving average of $290.30. The company has a market cap of $204.78 billion, a PE ratio of 35.47 and a beta of 2.13. Western Digital Corporation has a 12-month low of $53.47 and a 12-month high of $602.54.

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 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 business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the prior year, the company posted $1.36 EPS. The firm’s revenue for the quarter 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 research 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 declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, June 5th. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio is currently 2.99%.

About Western Digital

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.