Truist Financial Corp Has $4.93 Million Stock Position in Western Digital Corporation $WDC

Truist Financial Corp raised its position in shares of Western Digital Corporation (NASDAQ:WDC) by 260.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,065 shares of the data storage provider’s stock after buying an additional 29,667 shares during the period. Truist Financial Corp’s holdings in Western Digital were worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after acquiring an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Western Digital by 229.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after purchasing an additional 967 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Western Digital in the second quarter valued at $307,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Western Digital by 2.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,586 shares of the data storage provider’s stock valued at $2,981,000 after buying an additional 1,191 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Western Digital in the second quarter valued at about $83,000. Institutional investors own 92.51% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Board authorizes an additional $4 billion share repurchase, signaling management confidence and immediate capital-return support for the stock. Western Digital adds $4 billion to buyback plan as AI boosts memory chip sales
• Positive Sentiment: At Innovation Day 2026 WDC unveiled an AI-focused storage roadmap (100TB+ HDD path, capacity/performance/power gains) that addresses hyperscaler cold-storage needs and supports longer-term revenue/margin expansion. Western Digital Accelerates Storage Innovation for AI Era
• Positive Sentiment: Industry press highlights specific HDD advances (100TB roadmap, UltraSMR adoption) that improve WDC’s addressable market for AI data lakes and cloud customers — reinforces the product credibility behind the company’s growth thesis. WD Unveils Hard Drive Road Map: 100-TB-Plus Capacity, AI-Focused Innovations
• Positive Sentiment: Recent earnings beat and upbeat guidance (strong revenue and EPS vs. estimates) underpin the rally — analysts and thematic investors are treating WDC as a core play on the memory/storage supercycle tied to AI. 2 Computer Storage Device Stocks to Buy on Solid Earnings & Guidance
• Positive Sentiment: Analyst bullishness continues: Citi and other firms have raised price targets and ratings after the company update and earnings, adding institutional momentum. Benzinga (price target raise)
• Positive Sentiment: Executive/market commentary (Barron’s, others) frames the sector-wide lift — WDC’s CFO and management messaging that “all boats are rising” supports sentiment across memory and storage names. ‘All Boats Are Rising’ in Data and Memory, Says Western Digital’s CFO. Just Look at the Stocks.
• Neutral Sentiment: Macro/industry analysis (MarketBeat) argues a memory “supercycle” supports WDC, but notes wafer/supply dynamics and longer-term cycle risk — worth monitoring for potential volatility as capacity and pricing evolve. The Memory Supercycle Is Here—2 Winners From 1 Breakup

Insider Transactions at Western Digital

In other news, Director Kimberly Alexy sold 1,768 shares of Western Digital stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total transaction of $272,272.00. Following the transaction, the director owned 3,585 shares in the company, valued at $552,090. The trade was a 33.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Roxanne Oulman sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total value of $277,956.00. Following the completion of the transaction, the director owned 3,863 shares of the company’s stock, valued at $596,524.46. This represents a 31.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,816 shares of company stock valued at $1,102,348 over the last 90 days. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Evercore ISI reissued an “outperform” rating and set a $230.00 price objective on shares of Western Digital in a report on Friday, January 16th. Barclays increased their price target on shares of Western Digital to $325.00 and gave the company an “overweight” rating in a research note on Friday. Rosenblatt Securities raised their price target on shares of Western Digital from $165.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Morgan Stanley boosted their price objective on shares of Western Digital to $306.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, TD Cowen lifted their target price on Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and an average price target of $258.71.

Western Digital Price Performance

Shares of WDC opened at $290.24 on Wednesday. The stock has a market cap of $98.40 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 0.80 and a beta of 1.80. The stock’s 50-day moving average price is $198.69 and its two-hundred day moving average price is $140.59. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. Western Digital Corporation has a 1 year low of $28.83 and a 1 year high of $296.50.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.93 by $0.20. The firm 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 business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. On average, equities analysts predict that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Announces Dividend

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

Western Digital 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.