Syverson Strege & Co Acquires Shares of 1,320 Western Digital Corporation $WDC

Posted by Brenda Bartman on May 27th, 2026

Syverson Strege & Co acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,320 shares of the data storage provider’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also bought and sold shares of WDC. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Western Digital by 12.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock worth $6,281,000 after acquiring an additional 5,731 shares in the last quarter. LBP AM SA purchased a new stake in shares of Western Digital during the third quarter worth $641,000. AustralianSuper Pty Ltd purchased a new stake in shares of Western Digital during the third quarter worth $34,244,000. Cantor Fitzgerald L. P. lifted its position in shares of Western Digital by 399.8% during the third quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after acquiring an additional 25,987 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in shares of Western Digital by 75.4% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after acquiring an additional 4,068 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

More Western Digital News

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

Positive Sentiment: Western Digital is benefiting from a sector-wide rally in memory and storage stocks after Micron’s surge sparked bullish sentiment across the AI memory complex. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
Positive Sentiment: Articles highlight growing storage demand as more people use large language models and AI systems, supporting the idea that Western Digital’s products will be needed more in future data centers. Why Is Everyone Talking About Western Digital Stock?
Positive Sentiment: Western Digital’s recent post-quantum cryptography rollout in its Ultrastar UltraSMR drives is being framed as a strategic move for next-generation AI infrastructure and storage security. Is Western Digital (WDC) the Best Performing Data Center Stocks So Far in 2026?
Neutral Sentiment: Some coverage simply notes that Western Digital has been one of the stronger-performing data center/storage stocks this year, reinforcing momentum rather than introducing a new fundamental catalyst. Is Western Digital (WDC) the Best Performing Data Center Stocks So Far in 2026?
Negative Sentiment: Recent insider selling, including roughly $18 million in shares, may temper some enthusiasm because it can signal limited near-term confidence from executives. Western Digital Insiders Sold US$18m Of Shares Suggesting Hesitancy

Insider Buying and Selling

In related news, insider Vidyadhara K. Gubbi sold 4,674 shares of the stock in a transaction on 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. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 106 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $458.87, for a total value of $48,640.22. Following the completion of the sale, the insider owned 118,443 shares in the company, valued at $54,349,939.41. This trade represents a 0.09% decrease in their position. 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 quarter, insiders have sold 53,347 shares of company stock worth $17,974,293. Corporate insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

Shares of WDC stock opened at $524.65 on Wednesday. Western Digital Corporation has a 52-week low of $50.62 and a 52-week high of $536.12. The company has a market capitalization of $180.84 billion, a PE ratio of 31.32 and a beta of 2.10. The business’s fifty day moving average is $382.53 and its 200 day moving average is $274.09.

Western Digital (NASDAQ:WDC – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (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 company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the business posted $1.36 earnings per share. 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. On average, sell-side analysts forecast that Western Digital Corporation will post 9.57 EPS for the current fiscal 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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. Western Digital’s dividend payout ratio (DPR) is 3.58%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. New Street Research set a $250.00 target price on Western Digital in a research report on Tuesday, February 3rd. Truist Financial set a $310.00 target price on Western Digital in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their target price on Western Digital from $320.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Evercore restated an “outperform” rating and set a $575.00 target price on shares of Western Digital in a research report on Tuesday. Finally, Susquehanna restated a “neutral” rating and set a $285.00 target price on shares of Western Digital in a research report on Friday, February 6th. 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 stock. According to data from MarketBeat, Western Digital currently has a consensus rating of “Moderate Buy” and an average price target of $406.42.

View Our Latest Report on WDC

About Western Digital

(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.