Venturi Wealth Management LLC Purchases New Shares in Western Digital Corporation $WDC

Venturi Wealth Management LLC acquired a new position in Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,018 shares of the data storage provider’s stock, valued at approximately $362,000.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Western Digital by 2.0% during the second quarter. Geode Capital Management LLC now owns 9,305,289 shares of the data storage provider’s stock worth $593,045,000 after purchasing an additional 186,030 shares during the period. Holocene Advisors LP boosted its stake in shares of Western Digital by 8.5% in the second quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock valued at $354,247,000 after buying an additional 431,419 shares during the period. Maple Rock Capital Partners Inc. grew its position in Western Digital by 17.1% during the second quarter. Maple Rock Capital Partners Inc. now owns 3,735,296 shares of the data storage provider’s stock worth $239,022,000 after buying an additional 545,500 shares in the last quarter. Norges Bank acquired a new position in Western Digital in the 2nd quarter valued at $220,680,000. Finally, Soroban Capital Partners LP lifted its position 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 acquiring an additional 2,910,062 shares during the period. Institutional investors own 92.51% of the company’s stock.

Western Digital Price Performance

WDC stock opened at $200.46 on Friday. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 1.24 and a beta of 1.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 0.94. The company has a 50 day simple moving average of $169.97 and a 200 day simple moving average of $119.07. Western Digital Corporation has a 1 year low of $28.83 and a 1 year high of $221.23.

Western Digital (NASDAQ:WDC) last issued its earnings results on Monday, April 7th. The data storage provider reported $1.78 earnings per share for the quarter. The firm had revenue of $4.10 billion for the quarter. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. Research analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued 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 was Thursday, December 4th. This is a boost from Western Digital’s previous quarterly dividend of $0.10. Western Digital’s payout ratio is currently 7.28%.

Insider Transactions at Western Digital

In other news, insider Cynthia L. Tregillis sold 2,801 shares of Western Digital stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $160.57, for a total transaction of $449,756.57. Following the sale, the insider directly owned 144,596 shares of the company’s stock, valued at approximately $23,217,779.72. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $150.69, for a total value of $3,013,800.00. Following the sale, the chief executive officer owned 645,467 shares in the company, valued at approximately $97,265,422.23. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,369 shares of company stock valued at $4,013,785 over the last three months. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wedbush boosted their price target on Western Digital from $90.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Wells Fargo & Company boosted their target price on shares of Western Digital from $150.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Loop Capital upped their price target on shares of Western Digital to $250.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Barclays lifted their price objective on shares of Western Digital from $105.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Mizuho set a $240.00 price objective on shares of Western Digital in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.50.

Western Digital News Summary

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

• Positive Sentiment: Intraday institutional order‑flow bullish signal (Power Inflow) triggered near $187.86, drawing buying interest and helping reverse an early pullback. Western Digital Shares Rise 5% After Key Trading Signal
• Positive Sentiment: Higher‑capacity HDDs and hyperscaler demand are cited as the main drivers of revenue growth and outlook improvement, supporting the firm’s core enterprise storage business and margins. Higher Capacity HDDs Drive Western Digital’s Revenue Growth
• Positive Sentiment: Momentum: coverage notes WDC has risen more than 9% YTD and enjoyed very strong gains in 2025, which can attract momentum and growth‑oriented flows. Western Digital Corporation (WDC) Has Risen More Than 9% Since the Start of 2026
• Positive Sentiment: Analyst/earnings setup: previews point to double‑digit EPS growth expectations ahead of Western Digital’s Q2 report, which reinforces the fundamental case for the rally. Western Digital Earnings Preview: What to Expect
• Neutral Sentiment: Unusually high options volume indicates elevated short‑term interest and positioning; could amplify intraday moves but is ambiguous on direction unless one can see call/put skew. Western Digital Sees Unusually High Options Volume (NASDAQ:WDC)
• Neutral Sentiment: Consumer SSD branding updates (WD Black/Blue → SanDisk Optimus collection) are product‑level news that support retail visibility but are unlikely to materially change near‑term enterprise revenue. WD Black and WD Blue gaming SSDs have transformed into the Sandisk Optimus Collection
• Negative Sentiment: Sector froth/risk: commentary on memory and chip stocks running hot raises the risk of an overheated trade and mean‑reversion if macro or AI demand narratives slow. That poses short‑term downside if momentum reverses. Memory Chip Stocks are Red-Hot. Is it Too Late to Buy?

About Western Digital

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.