Western Digital Corporation $WDC Shares Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC lifted its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,686 shares of the data storage provider’s stock after buying an additional 1,104 shares during the quarter. Sivia Capital Partners LLC’s holdings in Western Digital were worth $1,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lido Advisors LLC grew its position in shares of Western Digital by 8.8% during the fourth quarter. Lido Advisors LLC now owns 38,400 shares of the data storage provider’s stock worth $6,615,000 after buying an additional 3,091 shares in the last quarter. Avestar Capital LLC grew its position in shares of Western Digital by 17.6% during the fourth quarter. Avestar Capital LLC now owns 4,990 shares of the data storage provider’s stock worth $860,000 after buying an additional 745 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Western Digital by 201.2% during the fourth quarter. CIBC Asset Management Inc now owns 143,276 shares of the data storage provider’s stock worth $24,682,000 after buying an additional 95,710 shares in the last quarter. Mccarter Private Wealth Services LLC acquired a new position in shares of Western Digital during the fourth quarter worth about $207,000. Finally, Westpac Banking Corp grew its position in shares of Western Digital by 2.1% during the fourth quarter. Westpac Banking Corp now owns 6,258 shares of the data storage provider’s stock worth $1,078,000 after buying an additional 126 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 2,475 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $556.24, for a total value of $1,376,694.00. Following the completion of the sale, the insider owned 85,154 shares in the company, valued at approximately $47,366,060.96. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce E. Kiddoo sold 750 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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. This trade represents a 16.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,408 shares of company stock worth $14,707,666 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Western Digital Trading Up 5.5%

Shares of NASDAQ WDC opened at $594.11 on Thursday. Western Digital Corporation has a twelve month low of $53.47 and a twelve month high of $602.54. The stock has a 50 day moving average of $412.26 and a two-hundred day moving average of $290.30. The stock has a market cap of $204.78 billion, a P/E ratio of 35.47 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. The firm’s revenue for the quarter was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, research analysts predict that Western Digital Corporation will post 9.57 earnings per share for the current year.

Western Digital Increases Dividend

The company also recently disclosed 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 is an increase from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, June 5th. Western Digital’s dividend payout ratio (DPR) is presently 2.99%.

Western Digital News Summary

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WDC shares. UBS Group upped their price target on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Robert W. Baird upped their price target on Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Barclays upped their price target on Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Wells Fargo & Company upped their price target on Western Digital from $500.00 to $575.00 and gave the company an “overweight” rating in a report on Monday. Finally, TD Cowen upped their price target on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a 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 assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.