SmartHarvest Portfolios LLC Purchases New Stake in Western Digital Corporation $WDC

Posted by Francis Steltz on Jun 27th, 2026

SmartHarvest Portfolios LLC acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 882 shares of the data storage provider’s stock, valued at approximately $239,000.

Several other hedge funds also recently added to or reduced their stakes in WDC. Rakuten Securities Inc. raised its stake in shares of Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares in the last quarter. Avion Wealth grew its stake in Western Digital by 163.8% in the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Swiss RE Ltd. bought a new stake in Western Digital in the fourth quarter valued at about $32,000. BOKF NA raised its stake 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 buying an additional 268 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new position in Western Digital during the 3rd quarter worth approximately $33,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 sale, the chief executive officer directly owned 598,150 shares in the company, valued at $246,342,096. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the sale, the director directly owned 3,903 shares in the company, valued at $2,062,813.56. The trade was a 16.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 29,322 shares of company stock worth $12,768,550. 0.18% of the stock is currently owned by corporate insiders.

Key Stories Impacting Western Digital

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

Positive Sentiment: Micron’s strong quarterly results reinforced the AI-driven memory shortage theme, which has lifted Western Digital along with other memory stocks. Western Digital Stock And Seagate Get Boost From Big Micron Earnings Beat
Positive Sentiment: Analysts and commentators continue to highlight strong AI memory demand, rising estimate revisions, and favorable supply-demand dynamics for WDC. Micron’s Robust Q3 Results Raise Investor Attention on These 3 Stocks
Neutral Sentiment: Reports of SK Hynix planning a Nasdaq listing on July 10 add more attention to the broader memory ecosystem, but the direct impact on WDC is unclear. Is the Roundhill Memory ETF (DRAM) a Buy Before July 10?
Negative Sentiment: After the sector’s big rally, memory and semiconductor stocks are pulling back as investors take profits and worry that memory and storage costs may have gotten ahead of fundamentals. MU, SNDK, WDC: 3 Key Reasons Why Memory Stocks Are Falling Today
Negative Sentiment: Broader tech-sector weakness is weighing on WDC alongside other chip names, adding to the selloff in the group. Semiconductor stocks retreat over worries about memory costs

Western Digital Stock Performance

Shares of WDC opened at $586.45 on Friday. The firm has a fifty day moving average of $518.00 and a 200-day moving average of $344.63. The company has a market cap of $202.14 billion, a price-to-earnings ratio of 35.01 and a beta of 2.13. Western Digital Corporation has a 1 year low of $62.65 and a 1 year high of $799.87.

Western Digital (NASDAQ:WDC – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Analysts predict that Western Digital Corporation will post 9.6 EPS for the current year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were paid a $0.15 dividend. The ex-dividend date was Friday, June 5th. This is an increase from Western Digital’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is 3.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WDC. Fox Advisors lowered Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Cantor Fitzgerald raised their price objective on Western Digital to $660.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays lifted their price objective on shares of Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Mizuho boosted their target price on shares of Western Digital from $550.00 to $685.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Finally, Evercore restated an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and an average target price of $450.46.

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.