Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 684 Shares of Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 684 shares of Western Digital stock in a transaction on Monday, August 24th. The stock was sold at an average price of $446.17, for a total value of $305,180.28. Following the sale, the insider owned 112,146 shares in the company, valued at $50,036,180.82. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Stock Performance

WDC opened at $435.38 on Tuesday. Western Digital Corporation has a fifty-two week low of $76.70 and a fifty-two week high of $799.87. The firm has a 50-day moving average of $547.88 and a 200 day moving average of $435.48. The firm has a market cap of $150.07 billion, a P/E ratio of 17.98 and a beta of 2.14.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, topping the consensus estimate of $3.31 by $0.25. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The company’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 earnings per share. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. Equities research analysts predict that Western Digital Corporation will post 19.65 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital’s payout ratio is 2.48%.

Institutional Trading of Western Digital

Several institutional investors and hedge funds have recently bought and sold shares of WDC. Handelsbanken Fonder AB raised its holdings in shares of Western Digital by 71.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock valued at $147,275,000 after buying an additional 96,078 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Western Digital by 33.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,122,095 shares of the data storage provider’s stock valued at $193,303,000 after acquiring an additional 282,156 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Western Digital during the fourth quarter worth approximately $20,889,000. World Investment Advisors raised its stake in shares of Western Digital by 145.8% during the fourth quarter. World Investment Advisors now owns 5,950 shares of the data storage provider’s stock worth $1,025,000 after acquiring an additional 3,529 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Western Digital by 62.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 342,516 shares of the data storage provider’s stock worth $59,040,000 after acquiring an additional 131,247 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WDC has been the subject of a number of recent research reports. Barclays raised their target price on Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Wall Street Zen cut Western Digital from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Robert W. Baird set a $630.00 price objective on Western Digital in a research note on Thursday, August 6th. Mizuho set a $590.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $400.00 price objective on shares of Western Digital in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $534.56.

Key Western Digital News

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

• Positive Sentiment: Western Digital’s latest quarterly results exceeded expectations, with earnings of $3.56 per share, revenue of $3.75 billion and year-over-year revenue growth of approximately 44%. Analysts say accelerating AI and cloud-storage demand, improving margins and the planned ramp of 40TB drives and HAMR technology support the company’s fiscal 2027 outlook. WDC’s Strong Q4 Raises the Stakes for Its Fiscal 2027 Product Ramp
• Positive Sentiment: Some commentary continues to view WDC as attractively positioned for growth because AI data centers require increasing storage capacity. However, the bullish case depends on successful product execution and sustained cloud spending. Western Digital: Time To Jump In Before Beast Mode Arrives Again
• Neutral Sentiment: Western Digital will participate in Citi’s 2026 Global TMT Conference on September 9. Management’s presentation could provide additional commentary on demand, pricing and the fiscal 2027 product ramp, but the announcement itself contains no new financial guidance. WD to Participate in Upcoming Investor Conference
• Neutral Sentiment: Director Cynthia L. Tregillis sold a combined 919 shares under a pre-arranged Rule 10b5-1 trading plan. The sales represent a small reduction in her holdings and are less significant as a bearish signal because they were scheduled in advance. SEC insider transaction filing
• Negative Sentiment: Investors have rotated out of high-performing AI-chip and memory names ahead of Nvidia’s earnings report, weighing on WDC along with Micron and Seagate even though underlying storage demand remains firm. Micron, Seagate, Western Digital, Semtech, and Penguin Solutions Shares Are Falling
• Negative Sentiment: Reports that Apple may source memory chips from Chinese suppliers have intensified concerns about competition and future pricing across the memory industry. WDC’s premium valuation, concentration in cloud customers and the need to execute its product ramp add to investor caution. Memory Stocks Slide on Report Apple May Source Chinese Chips

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.