State of Wyoming Sells 1,608 Shares of Western Digital Corporation $WDC

Posted by Francis Steltz on Jul 24th, 2026

State of Wyoming decreased its position in Western Digital Corporation (NASDAQ:WDC – Free Report) by 39.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,475 shares of the data storage provider’s stock after selling 1,608 shares during the period. State of Wyoming’s holdings in Western Digital were worth $669,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new stake in Western Digital during the 1st quarter worth $32,000. Catalyst Capital Advisors LLC acquired a new position in Western Digital in the first quarter valued at about $35,000. Cornerstone Planning Group LLC grew its stake in Western Digital by 33.3% in the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 33 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Western Digital by 80.2% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the data storage provider’s stock worth $39,000 after acquiring an additional 65 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Western Digital in the first quarter worth about $47,000. Institutional investors own 92.51% of the company’s stock.

More Western Digital News

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

Positive Sentiment: Western Digital has reentered merger discussions with Kioxia, reviving speculation about a combination that could create a larger NAND flash memory player and unlock value from its flash assets.
Positive Sentiment: Multiple articles highlight Western Digital as a beneficiary of strong AI-related storage demand and tight memory supply, which is boosting sentiment across the memory sector.
Positive Sentiment: Analyst commentary says Western Digital looks reasonable on earnings and inexpensive on cash flow, suggesting the stock may still have upside even after a big multi-year rally.
Positive Sentiment: A report comparing WDC with Super Micro said Western Digital’s AI storage focus and stronger financial footing make it an appealing AI hardware play.
Positive Sentiment: Recent coverage from the sector noted that memory stocks, including Western Digital, jumped after Morgan Stanley projected memory prices could rise at least 25% from Q2 to Q3, reinforcing expectations for stronger margins and profits.
Neutral Sentiment: One article framed Western Digital as a stock with a large valuation gap versus DCF-based fair value, reflecting optimism but also implying the recent rally has already priced in some of the good news. Western Digital (WDC) Stock Looks Reasonable On Earnings While Cash Flow Looks Cheap
Neutral Sentiment: Another piece simply referenced Western Digital in a broader list of AI stocks to buy on dips, adding to the bullish narrative but not providing a new company-specific catalyst.

Insider Buying and Selling at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $411.84, for a total value of $8,236,800.00. Following the sale, the chief executive officer owned 598,150 shares of the company’s stock, valued at $246,342,096. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 432 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $545.60, for a total transaction of $235,699.20. Following the transaction, the insider owned 116,643 shares of the company’s stock, valued at $63,640,420.80. The trade was a 0.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,959 shares of company stock valued at $12,631,666 over the last quarter. Insiders own 0.18% of the company’s stock.

Western Digital Price Performance

WDC stock opened at $558.30 on Friday. The stock has a market capitalization of $192.43 billion, a P/E ratio of 33.33 and a beta of 2.11. The business has a 50-day moving average of $564.15 and a 200-day moving average of $396.20. Western Digital Corporation has a fifty-two week low of $66.51 and a fifty-two week high of $799.87.

Western Digital (NASDAQ:WDC – Get Free Report) last posted 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 business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the company earned $1.36 earnings per share. Western Digital’s quarterly 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. Equities analysts expect that Western Digital Corporation will post 9.61 EPS for the current year.

Western Digital Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WDC. Melius Research set a $1,050.00 price objective on Western Digital and gave the company a “buy” rating in a report on Monday, June 29th. Susquehanna increased their target price on Western Digital from $360.00 to $500.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Western Digital from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Finally, Bank of America lifted their price target on shares of Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $520.32.

Get Our Latest 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.