Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 235 Shares of Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 235 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $477.27, for a total value of $112,158.45. Following the sale, the insider directly owned 113,928 shares in the company, valued at approximately $54,374,416.56. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Price Performance

WDC stock traded down $24.06 during midday trading on Monday, reaching $435.38. The company had a trading volume of 7,761,054 shares, compared to its average volume of 8,879,776. The company has a market capitalization of $150.07 billion, a price-to-earnings ratio of 17.98 and a beta of 2.14. The stock has a 50 day moving average price of $552.24 and a 200-day moving average price of $434.46. Western Digital Corporation has a 1-year low of $76.70 and a 1-year high of $799.87.

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

Western Digital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 2.48%.

Wall Street Analysts Forecast Growth

WDC has been the subject of several recent analyst reports. Fox Advisors cut Western Digital from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Robert W. Baird set a $630.00 price target on Western Digital in a research note on Thursday, August 6th. Wall Street Zen cut Western Digital from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. TD Cowen raised their price objective on Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Evercore reiterated an “outperform” rating and issued a $575.00 target price on shares of Western Digital in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $534.56.

More Western Digital News

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

• Positive Sentiment: Western Digital’s latest quarter showed strong momentum: revenue increased approximately 44% year over year, earnings exceeded expectations, and margins improved. Investors are now focused on the company’s fiscal 2027 product ramp, including planned 40TB drives and HAMR technology. WDC’s Strong Q4 Raises the Stakes for Its Fiscal 2027 Product Ramp
• Positive Sentiment: AI infrastructure demand remains a long-term growth driver for Western Digital, with analysts highlighting accelerating earnings and expanding storage requirements in data centers. Some commentary views the recent pullback as a potential opportunity, although expectations are high. WDC Fell 11.6% in the Past Month
• Neutral Sentiment: Management will participate in Citi’s 2026 Global TMT Conference on September 9. The webcast could provide updates on demand, fiscal 2027 execution and product launches, but the event is not an immediate earnings catalyst. WD to Participate in Upcoming Investor Conference
• Negative Sentiment: The primary pressure came from reports that Washington may allow Apple to source memory chips from Chinese suppliers. The possibility raised concerns about increased competition and weaker demand for established memory suppliers, weighing on Western Digital and other sector stocks. Memory Stocks Slide on Report Apple May Source Chinese Chips
• Negative Sentiment: Profit-taking and valuation concerns are adding to the weakness. Although growth is accelerating, Western Digital trades at a premium after a substantial rally, leaving less room for execution missteps and increasing sensitivity to concerns about AI-related overinvestment, cyclicality and concentration among large cloud customers. Is WDC Still a Buy as Growth Surges but Valuation Stays Expensive?

Institutional Investors Weigh In On Western Digital

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its position in Western Digital by 64,424.3% in the 2nd quarter. California State Teachers Retirement System now owns 338,388,746 shares of the data storage provider’s stock valued at $216,135,660,000 after acquiring an additional 337,864,310 shares during the period. Norges Bank acquired a new position in shares of Western Digital during the fourth quarter worth $788,729,000. Soroban Capital Partners LP grew its stake in shares of Western Digital by 1,926.3% in the second 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 during the last quarter. Legal & General Group Plc acquired a new stake in Western Digital in the second quarter valued at $1,602,927,000. Finally, Polar Capital Holdings Plc acquired a new stake in Western Digital in the third quarter valued at $221,800,000. Institutional investors and hedge funds own 92.51% 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.