Mccarter Private Wealth Services LLC Takes $207,000 Position in Western Digital Corporation $WDC

Mccarter Private Wealth Services LLC bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,200 shares of the data storage provider’s stock, valued at approximately $207,000.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its holdings in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 407 shares during the last quarter. Avion Wealth lifted its holdings in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in Western Digital by 207.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock worth $32,000 after purchasing an additional 178 shares during the last quarter. BOKF NA lifted its holdings in Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock worth $33,000 after purchasing an additional 268 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Western Digital during the 3rd quarter worth approximately $33,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Cynthia L. Tregillis sold 363 shares of Western Digital stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $377.09, for a total value of $136,883.67. Following the transaction, the insider owned 120,023 shares in the company, valued at approximately $45,259,473.07. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of Western Digital 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 transaction, the director owned 3,903 shares in the company, valued at approximately $2,062,813.56. The trade was a 16.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,408 shares of company stock worth $14,707,666 in the last quarter. Insiders own 0.18% of the company’s stock.

Trending Headlines about Western Digital

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

Western Digital Price Performance

Western Digital stock opened at $594.11 on Thursday. The stock’s fifty day moving average price is $412.26 and its two-hundred day moving average price is $290.30. Western Digital Corporation has a one year low of $53.47 and a one year high of $602.54. The firm has a market cap of $204.78 billion, a PE ratio of 35.47 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last posted 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. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company earned $1.36 EPS. The company’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. Sell-side analysts expect that Western Digital Corporation will post 9.57 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The business 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 dividend of $0.15 per share. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital’s dividend payout ratio is 2.99%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group set a $575.00 price target on Western Digital in a report on Tuesday, May 26th. Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on Western Digital from $500.00 to $575.00 and gave the stock an “overweight” rating in a report on Monday. Citigroup lifted their price target on Western Digital from $500.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Sanford C. Bernstein raised Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price target for the company in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Western Digital presently has an average 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.