Western Digital Corporation $WDC Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC trimmed its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 53.8% during the first quarter, Holdings Channel reports. The firm owned 1,590 shares of the data storage provider’s stock after selling 1,854 shares during the quarter. Verus Capital Partners LLC’s holdings in Western Digital were worth $430,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WDC. Rakuten Securities Inc. boosted its holdings in shares of Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after buying an additional 407 shares during the period. Avion Wealth raised its stake in Western Digital by 163.8% during 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. bought a new position in Western Digital in the first quarter worth about $32,000. Swiss RE Ltd. bought a new position in Western Digital in the fourth quarter worth about $32,000. Finally, BOKF NA boosted its stake in Western Digital by 6,700.0% in the third quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 268 shares during the period. 92.51% of the stock is currently owned by institutional investors.

Western Digital News Summary

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

• Positive Sentiment: A significant “Power Inflow” alert, indicating strong institutional and retail buying pressure, helped trigger a sharp intraday rebound in Western Digital shares. Traders viewed the order-flow signal as bullish. Western Digital Shares Rise 4% After Key Trading Signal
• Positive Sentiment: Western Digital was included among AI-infrastructure stocks that could benefit from more than $750 billion in planned 2026 Big Tech spending. Rising demand for data-center storage and memory supports the company’s growth outlook. Buy 5 AI Infrastructure Stocks as Big Tech’s AI Spending Continues
• Positive Sentiment: The broader memory and storage sector rebounded strongly after a sharp selloff, lifting Western Digital alongside SanDisk, Micron, Seagate and SK Hynix. Analysts cited improving industry fundamentals, strong AI demand and limited near-term risk of semiconductor oversupply as reasons for optimism. Memory Stocks Blast Off
• Neutral Sentiment: Brokerages currently assign Western Digital an average “Moderate Buy” recommendation, while investor attention has increased. The heightened interest may support trading momentum but also reflects the stock’s high volatility. Western Digital Given Average Recommendation of Moderate Buy
• Negative Sentiment: Recent insider selling contributed to a prior decline and remains a sentiment overhang, particularly after Western Digital’s substantial rally. Western Digital Trading Down Following Insider Selling
• Negative Sentiment: Valuation is a key risk. Western Digital has been one of the strongest performers in the AI memory and storage trade, but its elevated valuation leaves less room for disappointment when the company reports earnings. Western Digital’s Earnings Will Test Whether Its AI Rally Has More Room

Western Digital Price Performance

Shares of NASDAQ WDC opened at $544.84 on Monday. The stock has a market cap of $187.80 billion, a P/E ratio of 32.53 and a beta of 2.11. The firm’s 50-day simple moving average is $568.03 and its 200 day simple moving average is $408.97. Western Digital Corporation has a fifty-two week low of $73.14 and a fifty-two week high of $799.87.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. Western Digital’s revenue was up 45.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, sell-side analysts anticipate that Western Digital Corporation will post 9.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Citigroup increased their target price on Western Digital from $685.00 to $800.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Barclays increased their price objective on shares of Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Evercore restated an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a research note on Tuesday, May 26th. Finally, Bank of America boosted their price objective on Western Digital from $610.00 to $732.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $520.32.

Insiders Place Their Bets

In other news, insider Cynthia L. Tregillis sold 808 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total value of $427,941.04. Following the completion of the sale, the insider directly owned 114,539 shares of the company’s stock, valued at approximately $60,663,290.57. This represents a 0.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the sale, the director directly owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 5,093 shares of company stock worth $2,751,337. 0.18% of the stock is owned by corporate insiders.

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.