Tucker Asset Management LLC Invests $313,000 in Western Digital Corporation $WDC

Tucker Asset Management LLC acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,818 shares of the data storage provider’s stock, valued at approximately $313,000.

Several other institutional investors have also modified their holdings of WDC. WCM Investment Management LLC purchased a new stake in shares of Western Digital during the 3rd quarter worth approximately $791,317,000. Fred Alger Management LLC raised its position in Western Digital by 4,923.9% in the 3rd quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock valued at $409,049,000 after purchasing an additional 3,339,225 shares during the last quarter. Soroban Capital Partners LP raised its position in Western Digital by 1,926.3% in the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after purchasing an additional 2,910,062 shares during the last quarter. Polar Capital Holdings Plc acquired a new position in Western Digital in the 3rd quarter valued at $221,800,000. Finally, AQR Capital Management LLC increased its stake in Western Digital by 175.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,232,071 shares of the data storage provider’s stock valued at $78,347,000 after buying an additional 784,645 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WDC. Truist Financial set a $310.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Rosenblatt Securities upped their price target on shares of Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. UBS Group upped their price target on shares of Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Citigroup upped their price target on shares of Western Digital from $405.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, New Street Research set a $250.00 price target on shares of Western Digital in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $395.83.

Western Digital Trading Up 0.0%

Shares of NASDAQ WDC opened at $482.20 on Monday. The stock has a market cap of $166.20 billion, a price-to-earnings ratio of 28.79 and a beta of 2.10. Western Digital Corporation has a 52 week low of $49.00 and a 52 week high of $525.15. The company’s 50-day moving average price is $352.15 and its 200 day moving average price is $257.69.

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

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend 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%.

More Western Digital News

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

• Positive Sentiment: Western Digital was named to the 2026 S&P Dow Jones Best-in-Class Index North America, highlighting its ESG and sustainable AI infrastructure leadership. The company also said the index inclusion and improved operating profile reflect its growing role in AI data storage demand. WD Named to 2026 S&P Dow Jones Best‑in‑Class Index North America, Recognizing Leadership in Sustainable AI Infrastructure
• Positive Sentiment: Analysts and market commentators continue to point to Western Digital’s AI storage exposure, with articles citing surging earnings, rising hyperscaler demand, and stronger shareholder returns after the SanDisk spinoff as reasons the stock has been trending higher. WDC’s Whopping 893% Run in a Year: Buy the Stock Amid AI Storage Boom?
• Positive Sentiment: The company also announced a 20% dividend increase, which investors may view as a sign of confidence in cash flow and capital returns alongside record AI-related demand for its storage and data platforms. Western Digital Links Higher Dividend And ESG Index Win To AI Demand
• Neutral Sentiment: Western Digital is also showing up on “trending stock” lists, suggesting elevated investor interest, but these mentions do not add new fundamental information by themselves. Here is What to Know Beyond Why Western Digital Corporation (WDC) is a Trending Stock
• Neutral Sentiment: A separate note said Western Digital’s price target was raised, which can support sentiment but is still secondary to the bigger AI-storage and capital-return story. Western Digital (WDC) price target increased by 31.02% to 483.72
• Negative Sentiment: No major company-specific negative catalyst emerged in the latest headlines, though some coverage compares Western Digital with peers such as Micron and Seagate, which keeps valuation and competition in focus. Why I’d Rather Own Micron Stock Than Sandisk

Insider Activity at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 363 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $377.09, for a total value of $136,883.67. Following the transaction, the insider directly owned 120,023 shares in the company, valued at approximately $45,259,473.07. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the completion of the transaction, the insider owned 90,041 shares in the company, valued at approximately $39,905,270.79. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 53,679 shares of company stock valued at $18,049,314. Insiders own 0.18% of the company’s stock.

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.