Volterra Technologies LP Makes New $3.46 Million Investment in Western Digital Corporation $WDC

Volterra Technologies LP acquired a new stake in Western Digital Corporation (NASDAQ:WDC) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 28,855 shares of the data storage provider’s stock, valued at approximately $3,464,000. Western Digital makes up about 0.3% of Volterra Technologies LP’s holdings, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC raised its stake in shares of Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Western Digital by 551.4% in the 3rd 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. Grove Bank & Trust acquired a new stake in Western Digital during the 3rd quarter worth $30,000. Westfuller Advisors LLC bought a new position in Western Digital during the third quarter worth about $30,000. Finally, Cornerstone Planning Group LLC grew its stake in Western Digital by 207.0% in the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after acquiring an additional 178 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Price Performance

Shares of WDC opened at $272.29 on Friday. 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 company’s fifty day simple moving average is $255.24 and its 200 day simple moving average is $178.44. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $309.90. The company has a market cap of $92.32 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 0.60 and a beta of 1.76.

Western Digital (NASDAQ:WDC) last announced 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 company had revenue of $3.02 billion during 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 company’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 EPS. On average, research analysts forecast that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.125 per share. 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%.

Analyst Ratings Changes

A number of research firms have recently commented on WDC. Argus set a $300.00 price target on Western Digital in a research report on Tuesday, February 3rd. The Goldman Sachs Group set a $250.00 price target on Western Digital in a report on Tuesday, February 3rd. Evercore reiterated an “outperform” rating and issued a $230.00 price objective on shares of Western Digital in a report on Friday, January 16th. China Renaissance initiated coverage on shares of Western Digital in a report on Friday, December 5th. They set a “buy” rating and a $193.00 target price for the company. Finally, New Street Research set a $250.00 price target on shares of Western Digital in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $265.58.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Investor focus on tight high-capacity HDD supply for cloud/AI workloads and Western Digital’s expanded $4.0 billion share-repurchase authorization is supporting the rally; the company’s Innovation Day roadmap (40TB UltraSMR ePMR HDD in hyperscaler qualification) reinforces the growth narrative for AI storage. Western Digital (WDC) rises 3.5% as AI-storage demand narrative and recent buyback authorization continue to support shares
• Positive Sentiment: Customer narrative pieces highlight strong enterprise demand for hard drives, which backs the thesis that nearline/HDD capacity remains tight and pricing power could persist. Customer Narrative on Hard Drives Bodes Well for Western Digital (WDC)
• Positive Sentiment: Analyst sentiment and relative performance remain constructive: WDC has materially outperformed the broader tech sector over the past year and multiple brokers maintain bullish ratings and elevated price targets, which provides momentum and buy-side interest. How Is Western Digital’s Stock Performance Compared to Other Technology Stocks?
• Positive Sentiment: Media commentators (e.g., Jim Cramer) have included WDC on watchlists as a name to buy on market dips, which can amplify flows when broader-market pullbacks occur. Cramer: Buy Western Digital, Micron, Seagate on oil-driven dips
• Neutral Sentiment: Partnership/solution announcements (e.g., VDURA combining WD Ultrastar hybrid platforms with cloud-scale AI file architecture) extend product reach but are incremental until they produce visible revenue/contract wins. VDURA to Combine Scalable WD Ultrastar Hybrid Storage Platforms with Cloud-Scale AI File Architecture
• Negative Sentiment: Insider selling has been heavy recently (multiple exec sales reported), which can be interpreted negatively by some investors and may weigh on sentiment despite company-level buybacks. Western Digital (WDC) rises 3.5% as AI-storage demand narrative and recent buyback authorization continue to support shares
• Negative Sentiment: Macro pressure from rising oil and choppy futures can drag broader tech names; recent headlines show futures slipping as oil jumps, which can trigger short-term volatility for WDC. Dow Jones Futures Fall As Oil Prices Run Past $90; Oracle, Nvidia Lift These AI Names
• Negative Sentiment: Short-term pullbacks have occurred (coverage noting WDC fell more than the broader market), so momentum can reverse quickly after a sharp rally — watch valuation and volume on moves. Western Digital (WDC) Falls More Steeply Than Broader Market: What Investors Need to Know

Insider Activity at Western Digital

In related news, Director Matthew E. Massengill sold 36,926 shares of Western Digital stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 10,148 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 107,794 shares in the company, valued at approximately $29,137,796.14. This represents a 8.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,795 shares of company stock valued at $24,265,884 over the last three months. Company insiders own 0.18% of the company’s stock.

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.