Savant Capital LLC Trims Position in Western Digital Corporation $WDC

03 Jun 2026, 12:53 by Kim Johansen · The Markets Daily

Savant Capital LLC lessened its stake in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) by 87.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,850 shares of the data storage provider’s stock after selling 49,313 shares during the period. Savant Capital LLC’s holdings in Western Digital were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Moors & Cabot Inc. raised its position in shares of Western Digital by 3.6% during the 4th quarter. Moors & Cabot Inc. now owns 2,113 shares of the data storage provider’s stock valued at $364,000 after buying an additional 73 shares during the period. Intech Investment Management LLC raised its position in shares of Western Digital by 12.3% during the 4th quarter. Intech Investment Management LLC now owns 129,293 shares of the data storage provider’s stock valued at $22,273,000 after buying an additional 14,146 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of Western Digital during the 4th quarter valued at approximately $513,000. Huntington National Bank raised its position in shares of Western Digital by 21.9% during the 4th quarter. Huntington National Bank now owns 2,793 shares of the data storage provider’s stock valued at $481,000 after buying an additional 501 shares during the period. Finally, IPG Investment Advisors LLC purchased a new stake in shares of Western Digital during the 4th quarter valued at approximately $843,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital Stock Up 2.8%

NASDAQ:WDC opened at $546.20 on Tuesday. The company has a fifty day simple moving average of $400.87 and a two-hundred day simple moving average of $284.43. The company has a market cap of $188.26 billion, a price-to-earnings ratio of 32.61 and a beta of 2.13. Western Digital Corporation has a 52 week low of $51.17 and a 52 week high of $564.14.

Western Digital (NASDAQ:WDC – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, analysts expect that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The firm also recently declared 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 represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. Western Digital’s payout ratio is presently 2.99%.

Western Digital News Summary

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

Positive Sentiment: Western Digital is benefiting from a strong AI memory supercycle, with memory and storage shares extending a parabolic rally as investors bet on sustained demand for data-center storage. Micron Rises 7%, Western Digital Climbs and SanDisk Climb 4% as Memory Stocks Extend Parabolic Run
Positive Sentiment: Barclays raised its price target on Western Digital to $620 from $450 and kept an Overweight rating, citing strong memory and storage fundamentals. Barclays Raises its Price Target on Western Digital (WDC)
Positive Sentiment: Evercore ISI also lifted its target on Western Digital to $575 from $410 while reiterating an Outperform rating, adding to bullish Wall Street sentiment. Here’s What Evercore Now Says About Western Digital Corp (WDC) Stock
Positive Sentiment: Western Digital highlighted its role in AI infrastructure at Computex, framing storage as a core part of the AI data economy rather than just a secondary hardware category. WD at Computex 2026: AI Doesn’t Just Run on Compute – It Runs on Data
Neutral Sentiment: Several articles noted heavy bullish momentum and strong valuation expansion in memory stocks, but also warned that the move has become highly extended and vulnerable to a sharp reversal if demand expectations cool. SanDisk Stock Near $1,700: Two Risks That Could Break the Momentum
Neutral Sentiment: One filing-related article said Situational Awareness LP sold its stake in Western Digital, but the piece did not suggest a broader change in the company’s fundamentals. Western Digital Corporation (WDC): Leopold Aschenbrenner Is Selling This Stock

Analyst Ratings Changes

WDC has been the topic of several analyst reports. Barclays lifted their price target on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Wedbush reaffirmed an “outperform” rating and set a $325.00 price target on shares of Western Digital in a research report on Monday, February 9th. Weiss Ratings raised shares of Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Evercore reissued an “outperform” rating and issued a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. Finally, Bank of America boosted their target price on Western Digital to $495.00 and gave the company a “buy” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $416.63.

Check Out Our Latest Stock Report on WDC

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 10,148 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the completion of the transaction, the insider owned 107,794 shares in the company, valued at $29,137,796.14. The trade was a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the transaction, the insider owned 121,682 shares of the company’s stock, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 54,405 shares of company stock worth $18,575,428. 0.18% of the stock is currently owned by insiders.

Western Digital Company Profile

(Free Report)

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.