Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 808 Shares

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 808 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total transaction of $427,941.04. Following the completion of the sale, the insider directly owned 114,539 shares of the company’s stock, valued at $60,663,290.57. This trade represents a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Stock Performance

Shares of WDC stock traded down $41.48 on Tuesday, hitting $456.44. The stock had a trading volume of 5,439,596 shares, compared to its average volume of 8,888,936. The stock’s 50 day moving average is $565.69 and its 200-day moving average is $400.49. The firm has a market capitalization of $157.33 billion, a price-to-earnings ratio of 27.25 and a beta of 2.11. Western Digital Corporation has a 52-week low of $69.30 and a 52-week high of $799.87.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the firm earned $1.36 earnings per share. The company’s revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts expect that Western Digital Corporation will post 9.61 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 5th. Western Digital’s payout ratio is presently 3.58%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Fox Advisors lowered shares of Western Digital from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Weiss Ratings upgraded Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. The Goldman Sachs Group reissued a “neutral” rating and set a $400.00 target price on shares of Western Digital in a report on Friday, May 1st. Evercore reissued an “outperform” rating and set a $575.00 target price on shares of Western Digital in a research note on Tuesday, May 26th. Finally, Robert W. Baird lifted their target price on Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $520.32.

Hedge Funds Weigh In On Western Digital

A number of institutional investors and hedge funds have recently bought and sold shares of WDC. Norges Bank acquired a new stake in Western Digital during the fourth quarter worth about $788,729,000. Soroban Capital Partners LP grew its holdings 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 worth $195,882,000 after purchasing an additional 2,910,062 shares in the last quarter. Polar Capital Holdings Plc bought a new stake in shares of Western Digital during the third quarter valued at approximately $221,800,000. Value Aligned Research Advisors LLC acquired a new position in shares of Western Digital in the first quarter valued at $350,403,000. Finally, National Pension Service raised its stake in shares of Western Digital by 267.6% in the fourth quarter. National Pension Service now owns 1,691,659 shares of the data storage provider’s stock valued at $291,422,000 after purchasing an additional 1,231,477 shares in the last quarter. 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: Western Digital continues to benefit from robust hard-drive demand and constrained industry supply. The resulting pricing power, AI-driven data-center expansion and rising cloud-storage needs support revenue growth and margin expansion. Western Digital Corporation Surged on Strong Hard Drive Demand and Tighter Supply
• Positive Sentiment: Analysts remain constructive ahead of earnings. Wedbush reportedly raised its price target to $650, while other bullish targets, including Citi’s $800 target, reflect expectations for continued AI infrastructure spending and resilient storage pricing. Wedbush Raises Price Targets Ahead of Earnings
• Positive Sentiment: Recent operating results provide fundamental support: Western Digital exceeded quarterly earnings and revenue expectations, with revenue up sharply year over year. Investors are looking for further margin expansion and favorable guidance at the upcoming earnings report. AI Infrastructure Stock Has More Room to Run
• Neutral Sentiment: The forthcoming earnings report is a key catalyst. Investors will focus especially on gross margins, pricing trends and whether supply remains tight; stronger-than-expected commentary could revive the rally, while signs of easing supply could reinforce the selloff. Western Digital Pre-Earnings Analysis
• Negative Sentiment: Memory and storage stocks have declined amid a broader technology rotation after ChangXin Memory Technologies’ strong Chinese IPO debut. Investors are concerned that China’s growing semiconductor capabilities could intensify competition and challenge the supply-tightness narrative. CXMT IPO Raises Concerns for Memory Stocks
• Negative Sentiment: WDC is also being pulled lower by weakness across the memory sector and renewed worries that AI-related valuations have become excessive. Despite its longer-term gains, the stock’s premium valuation leaves little room for disappointing results or cautious guidance. Memory Stocks Extend Their Decline

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.