Intech Investment Management LLC Increases Holdings in Western Digital Corporation $WDC

Posted by Brian Himes on May 29th, 2026

Intech Investment Management LLC lifted its stake in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 129,293 shares of the data storage provider’s stock after purchasing an additional 14,146 shares during the quarter. Intech Investment Management LLC’s holdings in Western Digital were worth $22,273,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in WDC. Avion Wealth increased its position in shares of 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 buying an additional 113 shares during the period. Concord Wealth Partners bought a new position in shares of Western Digital in the fourth quarter valued at approximately $41,000. Cullen Frost Bankers Inc. boosted its position in shares of Western Digital by 551.4% in the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 204 shares during the period. Cornerstone Planning Group LLC grew its stake 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 acquiring an additional 178 shares in the last quarter. Finally, BOKF NA increased 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 acquiring an additional 268 shares during the period. Institutional investors own 92.51% of the company’s stock.

Insider Activity at Western Digital

In related news, insider Cynthia L. Tregillis sold 214 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $539.63, for a total transaction of $115,480.82. Following the transaction, the insider directly owned 117,157 shares in the company, valued at $63,221,431.91. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the transaction, the chief executive officer owned 598,150 shares in the company, valued at approximately $246,342,096. The trade was a 3.24% decrease in their ownership of the stock. 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. Insiders sold 53,655 shares of company stock worth $18,179,038 in the last ninety days. 0.18% of the stock is owned by company insiders.

Western Digital Price Performance

NASDAQ:WDC opened at $531.18 on Friday. The company has a market capitalization of $183.09 billion, a price-to-earnings ratio of 31.71 and a beta of 2.10. The business has a 50 day moving average of $391.76 and a 200 day moving average of $279.27. Western Digital Corporation has a 1-year low of $51.17 and a 1-year high of $553.50.

Western Digital (NASDAQ:WDC – Get Free Report) last released its earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.39 by $0.33. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, sell-side analysts anticipate that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend 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%.

Key Stories Impacting Western Digital

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

Positive Sentiment: Western Digital is being viewed as a key beneficiary of surging AI infrastructure spending, with multiple reports citing stronger data-center storage demand and improving pricing conditions for memory and hard drives. Western Digital Stock Investors Need to See This
Positive Sentiment: Coverage around the “memory melt-up” continues to support the stock, as peers like Micron and SanDisk rally on the same supply-tight, AI-demand narrative that is also benefiting WDC. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
Positive Sentiment: Evercore raised its price target on Western Digital to $575 and called the stock “underappreciated,” pointing to HDD demand tied to AI data-center buildouts. Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here
Positive Sentiment: Western Digital appointed former NVIDIA executive Manuvir Das to its board, reinforcing the company’s AI infrastructure credentials and signaling deeper alignment with the AI build-out theme. WD Appoints Manuvir Das to Board of Directors
Neutral Sentiment: An insider sale by Cynthia L. Tregillis was disclosed, but it was small and executed under a pre-arranged 10b5-1 plan, so it does not appear to be a strong bearish signal. SEC filing
Neutral Sentiment: Some articles note the stock has become very extended after a sharp multi-month run, which could lead to volatility even though the fundamental backdrop remains supportive. Sandisk Stock’s 4,000% Rise Is Happening Too Fast to Keep Up With

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America increased their target price on shares of Western Digital to $495.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Truist Financial set a $310.00 price objective on Western Digital in a research report on Tuesday, February 3rd. UBS Group lifted their price objective on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. boosted 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. Finally, Evercore reaffirmed an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a report on Tuesday. One 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 data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and an average price target of $413.50.

Read Our Latest Stock Analysis on Western Digital

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.