Foundations Investment Advisors LLC Makes New Investment in Western Digital Corporation $WDC

Posted by Stanley Muller on Jun 3rd, 2026

Foundations Investment Advisors LLC purchased a new position in Western Digital Corporation (NASDAQ:WDC – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,975 shares of the data storage provider’s stock, valued at approximately $513,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Rakuten Securities Inc. grew its holdings in shares of Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares in the last quarter. Avion Wealth boosted its position in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in Western Digital by 207.0% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. BOKF NA boosted its position in 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 purchasing an additional 268 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in Western Digital during the third quarter valued at approximately $33,000. 92.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Western Digital news, insider Vidyadhara K. Gubbi sold 4,674 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $443.19, for a total value of $2,071,470.06. Following the sale, the insider owned 90,041 shares in the company, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce E. Kiddoo sold 750 shares of the company’s stock in a transaction dated 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 owned 3,903 shares in the company, valued at $2,062,813.56. This trade represents a 16.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 54,405 shares of company stock worth $18,575,428. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

Shares of WDC opened at $546.20 on Tuesday. Western Digital Corporation has a 52-week low of $51.17 and a 52-week high of $564.14. The firm has a market cap of $188.26 billion, a price-to-earnings ratio of 32.61 and a beta of 2.13. The business’s fifty day moving average is $400.87 and its 200-day moving average is $284.43.

Western Digital (NASDAQ:WDC – Get Free Report) last released its quarterly earnings results 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. 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 in the previous year, the company posted $1.36 EPS. The business’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. As a group, research analysts forecast that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The business also recently declared 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 is Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital’s dividend payout ratio is presently 2.99%.

More Western Digital News

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

A number of equities analysts have recently weighed in on WDC shares. Weiss Ratings upgraded Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Mizuho set a $470.00 target price on Western Digital in a research note on Friday, May 1st. Truist Financial set a $310.00 target price on Western Digital in a research note on Tuesday, February 3rd. Barclays increased their target price on Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Finally, Cantor Fitzgerald increased their target price on Western Digital to $660.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One 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 stock. Based on data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $416.63.

Check Out Our Latest Research Report on WDC

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.