PKO Investment Management Joint Stock Co Invests $1.03 Million in Western Digital Corporation $WDC

Key Points

• PKO Investment Management acquired a new position of 6,000 shares in Western Digital in Q4, valued at about $1.03 million, as institutional investors now own roughly 92.51% of the stock.
• Western Digital beat Q3 estimates (EPS $2.72 vs. $2.39; revenue $3.34B vs. $3.25B), raised FY‑Q4 guidance, and prompted multiple analyst target raises — the consensus is a Moderate Buy with an average target of $389.74 and some targets up to $500.
• Insiders sold a total of 72,711 shares (~$19.2M) last quarter (insiders own 0.18%), even as the company boosted its quarterly dividend to $0.15 (annualized $0.60).

PKO Investment Management Joint Stock Co acquired a new position in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,000 shares of the data storage provider's stock, valued at approximately $1,034,000.

A number of other hedge funds have also modified their holdings of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider's stock worth $1,698,000 after purchasing an additional 3,019 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider's stock worth $56,000 after purchasing an additional 967 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Western Digital during the 2nd quarter worth approximately $307,000. Cresset Asset Management LLC purchased a new position in shares of Western Digital during the 2nd quarter worth approximately $292,000. Finally, Federated Hermes Inc. increased its stake in shares of Western Digital by 55.3% during the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider's stock worth $152,000 after purchasing an additional 845 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WDC. UBS Group raised their price objective on shares of Western Digital from $350.00 to $375.00 and gave the stock a "neutral" rating in a research note on Friday. Truist Financial set a $310.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Bank of America raised their price objective on shares of Western Digital to $495.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Zacks Research lowered shares of Western Digital from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 31st. Finally, Evercore restated an "outperform" rating and set a $500.00 target price on shares of Western Digital in a research report on Friday. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $389.74.

Western Digital News Roundup

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

• Positive Sentiment: WDC beat expectations: Q3 EPS $2.72 and revenue $3.34B, both above consensus, and management raised FY‑Q4 guidance (EPS and revenue) — this underpins the bullish case for continued AI/cloud storage demand. Earnings & press materials
• Positive Sentiment: Multiple analyst upgrades/target raises followed the quarter — Citi hiked its target to $500 (Buy) citing stronger visibility into AI-driven HDD demand, lifting investor optimism. Citi raises target to $500
• Positive Sentiment: Other firms (Rosenblatt, TD Cowen and others) boosted targets or reiterated Buy as AI/data‑center demand drives margin expansion and share‑buyback capacity; the company also announced a quarterly dividend increase, signalling confidence in cash flow.
• Neutral Sentiment: Industry signal — peers (SanDisk/Seagate) also reported strong results and demand commentary, confirming sector‑wide AI storage tailwinds but raising questions about how much of that is already priced in. Reuters: sector demand
• Negative Sentiment: Market reaction was mixed — the stock slipped after the beat as some traders engaged in “buy the rumor, sell the news” profit‑taking following an enormous YTD run; elevated expectations mean strong results may not produce further immediate upside. Yahoo: stock falls despite beat
• Negative Sentiment: Not all analyst moves are bullish: UBS raised its target to $375 but kept a Neutral rating — that level implies downside from current prices and provides a near‑term anchor for traders focused on risk management. Benzinga: UBS target

Insider Buying and Selling at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of Western Digital stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider owned 121,682 shares in the company, valued at $32,643,630.14. This trade represents a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew E. Massengill sold 36,926 shares of Western Digital stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total transaction of $9,616,638.18. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 72,711 shares of company stock worth $19,191,604 in the last quarter. 0.18% of the stock is owned by insiders.

Western Digital Stock Up 0.1%

Shares of NASDAQ WDC opened at $432.03 on Monday. Western Digital Corporation has a 1 year low of $43.60 and a 1 year high of $446.62. The firm's 50 day moving average price is $314.33 and its 200 day moving average price is $234.84. The firm has a market cap of $146.48 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 0.89 and a beta of 2.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.20 and a current ratio of 1.49.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its earnings results 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 net margin of 55.29% and a return on equity of 42.95%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the business earned $1.36 earnings per share. Western Digital's 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, sell-side analysts anticipate that Western Digital Corporation will post 8.68 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a $0.15 dividend. This is a boost from Western Digital's previous quarterly dividend of $0.13. The ex-dividend date 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 (DPR) is 2.99%.

Western Digital Profile

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.

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