Williamson Legacy Group LLC Buys Shares of 19,671 Western Digital Corporation $WDC

Williamson Legacy Group LLC bought a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, Holdings Channel reports. The fund bought 19,671 shares of the data storage provider’s stock, valued at approximately $3,389,000. Western Digital accounts for approximately 2.6% of Williamson Legacy Group LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in WDC. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Western Digital by 12.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after acquiring an additional 5,731 shares in the last quarter. LBP AM SA bought a new stake in shares of Western Digital during the third quarter valued at approximately $641,000. AustralianSuper Pty Ltd bought a new stake in shares of Western Digital during the third quarter valued at approximately $34,244,000. Cantor Fitzgerald L. P. increased its position in shares of Western Digital by 399.8% during the third 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. Finally, NorthCrest Asset Manangement LLC increased its position in shares of Western Digital by 75.4% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock valued at $1,778,000 after acquiring an additional 4,068 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

More Western Digital News

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

• Positive Sentiment: Western Digital is benefiting from a sector-wide rally in memory and storage stocks after Micron’s surge sparked bullish sentiment across the AI memory complex. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Articles highlight growing storage demand as more people use large language models and AI systems, supporting the idea that Western Digital’s products will be needed more in future data centers. Why Is Everyone Talking About Western Digital Stock?
• Positive Sentiment: Western Digital’s recent post-quantum cryptography rollout in its Ultrastar UltraSMR drives is being framed as a strategic move for next-generation AI infrastructure and storage security. Is Western Digital (WDC) the Best Performing Data Center Stocks So Far in 2026?
• Neutral Sentiment: Some coverage simply notes that Western Digital has been one of the stronger-performing data center/storage stocks this year, reinforcing momentum rather than introducing a new fundamental catalyst. Is Western Digital (WDC) the Best Performing Data Center Stocks So Far in 2026?
• Negative Sentiment: Recent insider selling, including roughly $18 million in shares, may temper some enthusiasm because it can signal limited near-term confidence from executives. Western Digital Insiders Sold US$18m Of Shares Suggesting Hesitancy

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group raised their price target on shares of Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Citigroup raised their price target on shares of Western Digital from $405.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Rosenblatt Securities raised their price target on shares of Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wedbush reissued an “outperform” rating and set a $325.00 price target on shares of Western Digital in a research report on Monday, February 9th. Finally, Robert W. Baird lifted their target price on shares of Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $406.42.

Insiders Place Their Bets

In other Western Digital news, insider Vidyadhara K. Gubbi sold 4,674 shares of Western Digital stock in a transaction that occurred on 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 owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cynthia L. Tregillis sold 106 shares of Western Digital stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $458.87, for a total transaction of $48,640.22. Following the transaction, the insider owned 118,443 shares in the company, valued at $54,349,939.41. This represents a 0.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 53,347 shares of company stock valued at $17,974,293. Company insiders own 0.18% of the company’s stock.

Western Digital Trading Up 8.3%

NASDAQ:WDC opened at $524.65 on Wednesday. Western Digital Corporation has a 12 month low of $50.62 and a 12 month high of $536.12. The company has a market cap of $180.84 billion, a PE ratio of 31.32 and a beta of 2.10. The company has a 50 day simple moving average of $382.53 and a two-hundred day simple moving average of $274.09.

Western Digital (NASDAQ:WDC) last posted its earnings results 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. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Research analysts forecast that Western Digital Corporation will post 9.57 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital’s payout ratio is presently 3.58%.

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.