Mccarter Private Wealth Services LLC Invests $207,000 in Western Digital Corporation $WDC

Posted by Geri Gentry on Jun 4th, 2026

Mccarter Private Wealth Services LLC acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,200 shares of the data storage provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Westpac Banking Corp boosted its position in shares of Western Digital by 2.1% during the fourth quarter. Westpac Banking Corp now owns 6,258 shares of the data storage provider’s stock worth $1,078,000 after buying an additional 126 shares during the period. Kesler Norman & Wride LLC acquired a new position in shares of Western Digital during the fourth quarter worth about $458,000. Natixis Advisors LLC boosted its position in shares of Western Digital by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 372,984 shares of the data storage provider’s stock worth $64,254,000 after buying an additional 7,380 shares during the period. Root Financial Partners LLC boosted its position in shares of Western Digital by 12.2% during the fourth quarter. Root Financial Partners LLC now owns 1,184 shares of the data storage provider’s stock worth $204,000 after buying an additional 129 shares during the period. Finally, a16z Perennial Management L.P. boosted its position in shares of Western Digital by 8.5% during the fourth quarter. a16z Perennial Management L.P. now owns 2,011 shares of the data storage provider’s stock worth $346,000 after buying an additional 157 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 completion of the sale, the chief executive officer directly owned 598,150 shares of the company’s stock, valued at $246,342,096. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $556.24, for a total value of $1,376,694.00. Following the completion of the sale, the insider directly owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. The trade was a 2.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 37,408 shares of company stock valued at $14,707,666. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WDC. Mizuho set a $470.00 price objective on Western Digital in a research report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $575.00 price objective on shares of Western Digital in a research report on Tuesday, May 26th. Susquehanna reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Western Digital in a research report on Friday, February 6th. Robert W. Baird increased their price target on Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Wedbush reissued an “outperform” rating and set a $325.00 price target on shares of Western Digital in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and a consensus price target of $424.33.

Get Our Latest Analysis on Western Digital

Western Digital News Roundup

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

Positive Sentiment: Western Digital disclosed a privately negotiated exchange of convertible debt, helping reduce refinancing risk and signaling further progress in cleaning up its balance sheet. Investors appear to view the move as freeing up more flexibility for future AI-related investments. Western Digital Restructures Convertible Debt via Equity Exchange
Positive Sentiment: Multiple recent articles highlighted Western Digital as a beneficiary of the AI storage boom, with demand for memory and data storage rising across cloud, AI, IoT, and enterprise markets. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
Positive Sentiment: Commentary this week also emphasized that Western Digital’s AI storage trade still has room to run, reinforcing bullish sentiment around the stock’s long-term growth story. Western Digital: The AI Storage Trade Still Has Room To Run
Neutral Sentiment: Western Digital’s conference appearances kept the company in view, but the headlines did not point to a major new operating update or guidance change. Western Digital Corporation (WDC) Presents at 2026 Evercore Global TMT Conference Transcript
Neutral Sentiment: Several writeups said Western Digital has strong momentum and all-time highs, but one article argued the stock may already be expensive after a huge run, which tempers the near-term upside case. Up 1,000% in the Past Year, It’s Too Late to Buy Western Digital Stock
Negative Sentiment: An insider sale by Vidyadhara K. Gubbi was disclosed, which can slightly pressure sentiment even though the sale was small relative to the insider’s remaining holdings. SEC filing for insider sale

Western Digital Stock Performance

Shares of NASDAQ WDC opened at $594.11 on Thursday. The stock has a 50 day moving average price of $412.26 and a 200 day moving average price of $290.30. Western Digital Corporation has a 52 week low of $53.47 and a 52 week high of $602.54. The stock has a market capitalization of $204.78 billion, a PE ratio of 35.47 and a beta of 2.13.

Western Digital (NASDAQ:WDC – Get Free Report) last issued its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the firm posted $1.36 earnings per share. The business’s quarterly 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. As a group, research analysts forecast that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be given a $0.15 dividend. 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital’s payout ratio is 2.99%.

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.