2,240 Shares in Western Digital Corporation $WDC Bought by Verus Capital Partners LLC

Verus Capital Partners LLC bought a new stake in Western Digital Corporation (NASDAQ:WDC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,240 shares of the data storage provider’s stock, valued at approximately $269,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its stake in shares of Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Western Digital by 4,070.0% in the second 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. NewSquare Capital LLC lifted its position in Western Digital by 86.9% during the second quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock valued at $28,000 after buying an additional 205 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after buying an additional 204 shares in the last quarter. Finally, Grove Bank & Trust purchased a new stake in Western Digital during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

WDC has been the topic of a number of research reports. Argus set a $300.00 target price on shares of Western Digital in a research note on Tuesday, February 3rd. UBS Group set a $306.00 price target on Western Digital in a report on Friday, January 30th. JPMorgan Chase & Co. raised their price objective on Western Digital from $94.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Susquehanna reaffirmed a “neutral” rating and issued a $285.00 target price on shares of Western Digital in a research report on Friday, February 6th. Finally, Weiss Ratings upgraded Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. One equities research 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $265.58.

Insiders Place Their Bets

In other news, CEO Irving Tan sold 20,000 shares of Western Digital 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 transaction, the chief executive officer owned 623,586 shares in the company, valued at approximately $159,288,807.84. This trade represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cynthia L. Tregillis sold 6,780 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $270.49, for a total value of $1,833,922.20. Following the sale, the insider directly owned 136,538 shares in the company, valued at approximately $36,932,163.62. This represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 67,392 shares of company stock valued at $17,235,141 in the last quarter. Insiders own 0.18% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Analyst bullishness: multiple firms have recently reiterated Buy/Overweight ratings and raised targets, supporting demand and investor conviction. Zacks: Analysts See WDC as a Buy
• Positive Sentiment: AI/data-center demand: media and analyst write-ups highlight that WDC has massively outperformed the market this year as hyperscale AI customers drive HDD capacity demand and long-term contracts. TipRanks: Western Digital Has Massively Outpaced S&P 500
• Neutral Sentiment: Dividend disclosed: WDC announced a small quarterly dividend (annualized $0.50, low yield), a minor supportive signal for income-focused holders but not a major catalyst. MarketBeat: WDC Dividend & Metrics
• Neutral Sentiment: SanDisk split retrospectives: coverage noting last year’s SanDisk breakup helped market clarity — a structural positive for WDC’s valuation over time but not an immediate driver. MarketWatch: Why SanDisk’s Split Has Been a Win
• Negative Sentiment: SanDisk stake exit / secondary offering: reports that WDC is exiting most of its remaining SanDisk stake via a large secondary offering and debt-for-equity moves have raised concerns about added share supply and focus on balance-sheet cleanup rather than repurchases. That news is a key near-term headwind. Yahoo Finance: Western Digital Doubles Down On AI Data Centers And Cleaner Balance Sheet
• Negative Sentiment: Market reaction to SanDisk sell-offs: coverage of WDC selling its SanDisk stake has prompted selling pressure and investor questions on dilution/timing. Barchart: Western Digital Is Selling SanDisk Stock
• Negative Sentiment: Insider sales: Cynthia L. Tregillis sold small blocks (~438 shares across Feb. 23–24). The size is immaterial relative to her holdings, but such filings can amplify negative sentiment on a down day. SEC Filing: Insider Sales (Cynthia L. Tregillis)

Western Digital Stock Down 3.5%

WDC stock opened at $270.57 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $231.97 and a 200-day simple moving average of $162.41. The company has a market capitalization of $91.73 billion, a P/E ratio of 27.14, a PEG ratio of 0.65 and a beta of 1.80. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $309.90.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. On average, equities research analysts predict that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

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

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.