Korea Investment CORP Acquires 82,434 Shares of Western Digital Corporation $WDC

Korea Investment CORP boosted its holdings in Western Digital Corporation (NASDAQ:WDC) by 29.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,512 shares of the data storage provider’s stock after buying an additional 82,434 shares during the period. Korea Investment CORP’s holdings in Western Digital were worth $43,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WCM Investment Management LLC bought a new position in shares of Western Digital in the third quarter worth $791,317,000. Norges Bank purchased a new position in shares of Western Digital in the second quarter valued at $220,680,000. Soroban Capital Partners LP raised its stake in shares of Western Digital by 1,926.3% during the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after purchasing an additional 2,910,062 shares during the period. AQR Capital Management LLC raised its stake in shares of Western Digital by 175.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,232,071 shares of the data storage provider’s stock valued at $78,347,000 after purchasing an additional 784,645 shares during the period. Finally, Trivest Advisors Ltd lifted its holdings in Western Digital by 463.4% during the 3rd quarter. Trivest Advisors Ltd now owns 920,000 shares of the data storage provider’s stock worth $110,455,000 after purchasing an additional 756,700 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WDC. Argus set a $300.00 target price on Western Digital in a research note on Tuesday, February 3rd. Wells Fargo & Company upped their price target on Western Digital from $260.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Evercore reissued an “outperform” rating and issued a $230.00 price target on shares of Western Digital in a report on Friday, January 16th. Weiss Ratings raised shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Finally, Truist Financial set a $310.00 target price on shares of Western Digital in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and a consensus target price of $265.58.

Insider Buying and Selling

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 completion of the sale, the chief executive officer owned 623,586 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the sale, the insider directly owned 107,794 shares of the company’s stock, valued at approximately $29,137,796.14. This trade represents a 8.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 84,277 shares of company stock valued at $22,091,068 over the last quarter. Company insiders own 0.18% of the company’s stock.

Western Digital Stock Performance

NASDAQ WDC opened at $245.25 on Monday. The company has a 50-day simple moving average of $246.38 and a two-hundred day simple moving average of $173.21. Western Digital Corporation has a 12-month low of $28.83 and a 12-month high of $309.90. The firm has a market cap of $83.15 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 0.56 and a beta of 1.76. 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 (NASDAQ:WDC) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the business earned $1.77 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis. On average, equities analysts forecast that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 5th. Western Digital’s payout ratio is 5.02%.

Trending Headlines about Western Digital

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

• Positive Sentiment: Company completed the spin‑off of its flash business and repositioned as a pure‑play HDD supplier, reportedly selling a ~$3.1B stake and securing long‑term hyperscaler agreements that fully book HDD production through at least 2028 — this improves cash, reduces leverage and gives multi‑year revenue visibility. Western Digital Bets On Pure HDD Future With Hyperscaler AI Demand
• Positive Sentiment: Management and analysts highlight sold‑out nearline/HDD capacity for 2026 and guidance pointing to material revenue and margin expansion driven by AI (video, large‑model data), underpinning a structural re‑rating story. Western Digital: AI’s Unsung Storage Backbone
• Neutral Sentiment: Options flow and institutional activity show heightened trading interest — large option bets and increased analyst coverage keep liquidity high but also increase short‑term volatility. Western Digital’s Options: A Look at What the Big Money is Thinking
• Neutral Sentiment: Consumer retail promotions and pricing anomalies (e.g., SSD deals) create short‑term retail noise but have limited impact on the enterprise HDD thesis that’s driving the stock. This 2TB WD SN850X is cheaper from Walmart than the equivalent 1TB model in a strange deal
• Negative Sentiment: Multiple insider sales were disclosed (senior execs sold shares on March 4), which can sap near‑term sentiment even if sales are for diversification; investors often view clustered executive selling as a caution flag. Western Digital (NASDAQ:WDC) Insider Sells $2,501,349.48 in Stock
• Negative Sentiment: Analysts warn of valuation and cyclical peak risk — some argue recent gains price in peak AI storage demand and a pullback or normalization in hyperscaler buying could trigger downside. Market anxiety after a very large prior run (and a recent sharp sell‑off episode) contributes to heavier profit‑taking. Western Digital: Strong AI Tailwinds, But Valuation Signals Cyclical Peak Risk What Drove WDC Stock’s Historic 490% Jump

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.