PFG Investments LLC Invests $224,000 in Western Digital Corporation $WDC

PFG Investments LLC bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,303 shares of the data storage provider’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also made changes to their positions in WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Western Digital by 229.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after acquiring an additional 967 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Western Digital in the second quarter valued at approximately $307,000. Cresset Asset Management LLC acquired a new position in Western Digital in the second quarter valued at approximately $292,000. Finally, Federated Hermes Inc. lifted its holdings in Western Digital by 55.3% in the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock valued at $152,000 after acquiring an additional 845 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on WDC. The Goldman Sachs Group set a $250.00 price objective on Western Digital in a report on Tuesday, February 3rd. New Street Research set a $250.00 price objective on Western Digital in a report on Tuesday, February 3rd. Bank of America upped their price objective on Western Digital from $375.00 to $415.00 and gave the company a “buy” rating in a report on Friday, April 17th. UBS Group upped their price objective on Western Digital from $285.00 to $350.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Robert W. Baird set a $310.00 price objective on Western Digital in a report on Monday, February 2nd. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $307.46.

Western Digital Stock Up 2.6%

Shares of NASDAQ WDC opened at $383.81 on Wednesday. The firm has a market cap of $130.13 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 0.79 and a beta of 1.77. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. Western Digital Corporation has a 52-week low of $35.98 and a 52-week high of $389.71. The business’s 50 day moving average is $297.35 and its two-hundred day moving average is $220.75.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 earnings per share. Research analysts predict that Western Digital Corporation will post 8.47 EPS for the current year.

Western Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a yield of 0.1%. Western Digital’s payout ratio is presently 5.02%.

Insider Transactions at Western Digital

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total value of $5,108,800.00. Following the sale, the chief executive officer owned 623,586 shares of the company’s stock, valued at $159,288,807.84. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cynthia L. Tregillis sold 9,324 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 121,682 shares in the company, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 92,348 shares of company stock worth $24,163,521 in the last ninety days. 0.18% of the stock is owned by company insiders.

Key Western Digital News

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

• Positive Sentiment: Analysts and outlets highlight WDC as a beneficiary of AI-driven demand for data-center storage, supporting continued revenue and earnings momentum. These Red Hot Tech Stocks Sport Bullish Growth Outlooks
• Positive Sentiment: Heavy inflows into the first dedicated memory ETF (which includes WDC) have pushed it to $1B AUM in under two weeks, a sign of strong investor appetite for memory/storage names. SNDK, STX, MU, WDC rally powers first dedicated memory ETF to $1B AUM in under two weeks
• Positive Sentiment: Price-target raises from analysts (Evercore to $410, others up to $415) show improved sell-side confidence and create a near-term catalyst for further upside. The Fly
• Neutral Sentiment: Comparisons with peers (SanDisk) note WDC’s strength in HDDs vs. NAND specialists — useful context for investors deciding between exposure to HDD-driven near-term cash flow vs. NAND’s longer-term growth profile. SanDisk vs. Western Digital: Which Memory Storage Stock Is the Better Buy?
• Neutral Sentiment: Zacks and other commentary point to favorable earnings?estimate setups (Earnings ESP) for computer/tech names, meaning WDC could outperform near its next report but outcome-dependent. These Red Hot Tech Stocks Sport Bullish Growth Outlooks
• Negative Sentiment: Coverage flags that while cash flow has surged with AI demand, WDC’s elevated leverage raises questions about financial flexibility and how much debt could constrain capital allocation or M&A optionality. Can Western Digital’s Strong Cash Flow Outweigh its Leverage Concerns?

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.