Pinkerton Wealth LLC Has $4.27 Million Stock Position in Western Digital Corporation $WDC

Pinkerton Wealth LLC decreased its stake in Western Digital Corporation (NASDAQ:WDC) by 41.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,799 shares of the data storage provider’s stock after selling 17,203 shares during the period. Pinkerton Wealth LLC’s holdings in Western Digital were worth $4,272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WDC. Quadcap Wealth Management LLC lifted its position in Western Digital by 2.1% in the fourth quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock worth $346,000 after purchasing an additional 41 shares during the period. Moss Adams Wealth Advisors LLC lifted its position in Western Digital by 2.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock worth $341,000 after purchasing an additional 51 shares during the period. Bogart Wealth LLC lifted its position in Western Digital by 19.4% in the fourth quarter. Bogart Wealth LLC now owns 369 shares of the data storage provider’s stock worth $64,000 after purchasing an additional 60 shares during the period. 44 Wealth Management LLC lifted its position in Western Digital by 0.8% in the third quarter. 44 Wealth Management LLC now owns 9,329 shares of the data storage provider’s stock worth $1,120,000 after purchasing an additional 78 shares during the period. Finally, Addison Advisors LLC lifted its position in Western Digital by 7.1% in the third quarter. Addison Advisors LLC now owns 1,281 shares of the data storage provider’s stock worth $154,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Western Digital in a research report on Monday, February 9th. Morgan Stanley reissued an “overweight” rating and set a $488.00 price objective on shares of Western Digital in a report on Friday, May 1st. UBS Group lifted their price objective on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Barclays lifted their price objective on Western Digital from $405.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Evercore reissued an “outperform” rating and set a $500.00 price objective on shares of Western Digital in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.83.

Insider Activity

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the sale, the chief executive officer directly owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. The trade was a 3.24% decrease in their position. 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 Vidyadhara K. Gubbi sold 4,674 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $443.19, for a total value of $2,071,470.06. Following the sale, the insider directly owned 90,041 shares of the company’s stock, valued at $39,905,270.79. This represents a 4.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 53,679 shares of company stock worth $18,049,314. 0.18% of the stock is owned by corporate insiders.

Western Digital Stock Performance

Shares of NASDAQ:WDC opened at $459.62 on Thursday. Western Digital Corporation has a twelve month low of $49.00 and a twelve month high of $525.15. The firm has a market cap of $158.42 billion, a PE ratio of 27.44 and a beta of 2.10. The business has a fifty day moving average of $364.30 and a 200-day moving average of $264.52.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating 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 company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the company posted $1.36 earnings per share. The firm’s quarterly 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. On average, analysts anticipate that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. Western Digital’s dividend payout ratio is 2.99%.

Western Digital News Roundup

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

• Positive Sentiment: Analysts and market commentary continue to highlight Western Digital’s role in the AI storage buildout, arguing that surging demand for enterprise SSDs and NAND flash could support a longer-lasting pricing upcycle. Recent coverage also points to raised fair-value estimates and higher price targets as expectations for earnings power improve. Why The Western Digital (WDC) Story Is Shifting On New Earnings And AI Storage Expectations
• Positive Sentiment: Western Digital’s inclusion in the 2026 S&P Dow Jones Best-in-Class Index North America may provide an incremental technical boost from index-related buying and reinforces improving investor perception around the company. Western Digital Corporation (WDC) Included in 2026 S&P Dow Jones Best-in-Class Index North America
• Positive Sentiment: A fresh thesis piece framed Western Digital as a beneficiary of a broader “AI rotation” into data storage, with tight NAND supply and rising enterprise demand seen as catalysts for margin and revenue expansion. The Great AI Rotation: Cashing In on Data
• Neutral Sentiment: One valuation-focused article says the stock has cooled after a strong run, with recent price action taking a breather even as longer-term momentum remains strong. This suggests some investors may be pausing to reassess whether the rally has gone too far. Western Digital (WDC) Valuation Check After Strong 1-Year Return And Recent Share Price Cooldown
• Negative Sentiment: Sector weakness also pressured Western Digital, with reports that memory and storage stocks fell as investors worried about AI infrastructure capacity, supply-chain constraints, and a broader rotation out of the group ahead of Nvidia’s earnings. Micron, Seagate, Western Digital Sink On Capacity Crunch Fears
• Negative Sentiment: Another report said Western Digital slid alongside Seagate as the AI infrastructure rally was tested, indicating near-term profit-taking and weaker sentiment across the memory complex. Seagate Stock And Western Digital Slide Further As AI Infrastructure Rally Tested

Western Digital Company 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.