2,791 Shares in Western Digital Corporation $WDC Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new position in Western Digital Corporation (NASDAQ:WDC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,791 shares of the data storage provider’s stock, valued at approximately $481,000.

A number of other hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. increased its stake in shares of Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after buying an additional 407 shares during the period. Avion Wealth increased its position in Western Digital by 163.8% in the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 113 shares during the period. Cornerstone Planning Group LLC increased its position in Western Digital by 207.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after acquiring an additional 178 shares during the period. BOKF NA raised its stake in shares of Western Digital by 6,700.0% during the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 268 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in shares of Western Digital during the third quarter valued at $33,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Western Digital Stock Up 3.1%

WDC stock opened at $563.10 on Wednesday. The firm has a market cap of $194.09 billion, a price-to-earnings ratio of 33.62 and a beta of 2.13. The company’s fifty day simple moving average is $400.87 and its 200 day simple moving average is $284.43. Western Digital Corporation has a 12-month low of $51.88 and a 12-month high of $571.18.

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. 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 for the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the business earned $1.36 EPS. The firm’s revenue 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. Research analysts expect that Western Digital Corporation will post 9.57 earnings per share for the current year.

Western Digital Increases Dividend

The business 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 dividend of $0.15 per share. This is a positive change 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 annualized dividend and a dividend yield of 0.1%. Western Digital’s payout ratio is 2.99%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Multiple articles highlighted Western Digital as a beneficiary of the AI storage supercycle, with demand for cloud computing, AI, IoT, and enterprise data storage expected to support continued growth. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Western Digital also drew attention for its Computex 2026 messaging that AI infrastructure is fundamentally a data system, reinforcing the company’s role in AI-driven storage demand. WD at Computex 2026: AI Doesn’t Just Run on Compute – It Runs on Data
• Positive Sentiment: Investors also reacted to Evercore ISI raising its price target on Western Digital to $575 from $410 while keeping an Outperform rating, signaling higher Wall Street confidence. Here’s What Evercore Now Says About Western Digital Corp (WDC) Stock
• Positive Sentiment: Several commentary pieces argued that the AI storage trade still has room to run, helping keep momentum in the stock and the broader memory/storage group. Western Digital: The AI Storage Trade Still Has Room To Run
• Neutral Sentiment: Western Digital presented at the Bank of America 2026 Global Technology Conference, which likely kept the company in focus but did not include a clear new catalyst in the headline. Western Digital Corporation (WDC) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: An insider sale by Vidyadhara K. Gubbi was disclosed, which can slightly temper enthusiasm even though the sale was small relative to the insider’s remaining stake. SEC filing for insider sale

Analysts Set New Price Targets

Several analysts recently weighed in on WDC shares. Zacks Research raised shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Robert W. Baird raised their target price on Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Sanford C. Bernstein raised Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 target price on the stock in a report on Tuesday, March 31st. TD Cowen upped their price target on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, New Street Research set a $250.00 price target on Western Digital in a research note on Tuesday, February 3rd. One 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $424.33.

Insider Activity at Western Digital

In other Western Digital news, Director Bruce E. Kiddoo sold 750 shares of the firm’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 completion of the sale, the director directly owned 3,903 shares in the company, valued at approximately $2,062,813.56. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Cynthia L. Tregillis sold 214 shares of Western Digital stock in a transaction on Wednesday, May 27th. The shares were 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 of the company’s stock, valued at approximately $63,221,431.91. This trade represents a 0.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 37,408 shares of company stock worth $14,707,666. 0.18% of the stock is owned by insiders.

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.