Legacy Wealth Management LLC MS Invests $1.02 Million in Western Digital Corporation $WDC

Posted by Brian Himes on Aug 9th, 2026

Legacy Wealth Management LLC MS acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,604 shares of the data storage provider’s stock, valued at approximately $1,025,000.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. raised its holdings in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 407 shares during the period. Avion Wealth boosted its stake in shares of 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 acquiring an additional 113 shares during the period. Valley Wealth Managers Inc. purchased a new stake in shares of Western Digital during the first quarter worth about $32,000. Swiss RE Ltd. purchased a new stake in shares of Western Digital during the fourth quarter worth about $32,000. Finally, BOKF NA raised its stake in Western Digital by 6,700.0% during the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 2,475 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the transaction, the insider owned 85,154 shares in the company, valued at $47,366,060.96. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cynthia L. Tregillis sold 808 shares of Western Digital stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $529.63, for a total transaction of $427,941.04. Following the completion of the transaction, the insider directly owned 114,539 shares of the company’s stock, valued at $60,663,290.57. The trade was a 0.70% 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 5,093 shares of company stock worth $2,751,337 over the last 90 days. 0.18% of the stock is owned by insiders.

Western Digital Price Performance

NASDAQ WDC opened at $434.30 on Friday. The stock has a market capitalization of $149.69 billion, a PE ratio of 17.94 and a beta of 2.14. The business has a 50 day simple moving average of $565.61 and a two-hundred day simple moving average of $417.35. Western Digital Corporation has a 1-year low of $73.14 and a 1-year high of $799.87.

Western Digital (NASDAQ:WDC – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.25. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.70 billion. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The company’s revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. On average, analysts anticipate that Western Digital Corporation will post 18.21 EPS for the current fiscal year.

Western Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital’s dividend payout ratio is presently 3.58%.

Key Stories Impacting Western Digital

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

Positive Sentiment: Western Digital reported fiscal fourth-quarter revenue of approximately $3.75 billion, up about 44% year over year, and adjusted earnings of $3.56 per share—both ahead of Wall Street expectations. Growth was supported by AI-related cloud storage demand, stronger pricing, and higher-capacity hard-disk drives. Western Digital Q4 Earnings Beat as Revenue Jumps 44% on Cloud Demand
Positive Sentiment: Management highlighted strong visibility into AI-storage demand, with some customers negotiating capacity commitments through 2031. The company also expects continued margin expansion, while analysts remain broadly constructive; recent price targets include $630 from Baird and a $575 median across 15 analysts. Western Digital Says AI Customers Are Already Negotiating Storage Deals Through 2031
Neutral Sentiment: The selloff is part of a broader rotation within semiconductor and memory stocks. Investors have been shifting toward AI networking leaders, while comparing Western Digital’s results with stronger results from rival Seagate Technology. Western Digital Slumps Despite Q2 Beat as Analysts Highlight Peer Seagate’s Results
Neutral Sentiment: Western Digital declared a quarterly dividend of $0.15 per share, payable September 17 to shareholders of record September 8. The dividend provides a modest shareholder return but is unlikely to drive the near-term trading reaction.
Negative Sentiment: Investors viewed fiscal-first-quarter 2027 gross-margin guidance of 55%–56% as insufficiently strong after the stock’s dramatic advance and elevated expectations. Although the outlook implies sequential improvement, it trailed the bar set by Seagate and was interpreted as evidence that the recent margin expansion may be stabilizing. Western Digital Shares Fall as Margin Outlook Tempers Strong Q4 Results
Negative Sentiment: Profit-taking intensified because Western Digital had already rallied sharply on the AI-storage theme. The strong earnings beat therefore failed to exceed the market’s unusually high expectations, prompting a valuation reset and technical concerns around support levels. Sandisk, Western Digital Drag on Chip Stocks as Lofty Expectations Eclipse Strong Earnings
Negative Sentiment: Reported insider activity has been heavily tilted toward selling, with 129 sales and no purchases over the past six months. While such transactions may reflect diversification or compensation, the lack of insider buying adds to near-term investor caution.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird set a $630.00 price target on Western Digital in a report on Thursday. Wall Street Zen raised shares of Western Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday. TD Cowen lifted their price objective on shares of Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday. Melius Research set a $1,050.00 target price on shares of Western Digital and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Evercore restated an “outperform” rating and set a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Western Digital has an average rating of “Moderate Buy” and a consensus price target of $534.56.

Check Out Our Latest Stock Report on Western Digital

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.