Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 432 Shares

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 432 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $451.20, for a total value of $194,918.40. Following the sale, the insider owned 111,030 shares of the company’s stock, valued at approximately $50,096,736. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Stock Performance

Shares of NASDAQ WDC opened at $477.30 on Wednesday. Western Digital Corporation has a 52 week low of $92.70 and a 52 week high of $799.87. The stock has a market capitalization of $164.52 billion, a P/E ratio of 19.72, a PEG ratio of 1.98 and a beta of 2.13. The stock’s fifty day moving average is $499.11 and its 200 day moving average is $449.44.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.25. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. Western Digital’s revenue was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. Equities research analysts forecast 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. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.15 per share. 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 dividend payout ratio is 2.48%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Mizuho set a $590.00 price objective on shares of Western Digital in a research report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and issued a $575.00 target price on shares of Western Digital in a report on Tuesday, May 26th. UBS Group dropped their price objective on Western Digital from $560.00 to $525.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Barclays lifted their target price on Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Finally, Rosenblatt Securities reduced their price target on shares of Western Digital from $900.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Two investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $534.56.

Hedge Funds Weigh In On Western Digital

Institutional investors and hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Western Digital during the second quarter worth about $28,000. Dunhill Financial LLC acquired a new position in shares of Western Digital in the second quarter valued at approximately $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Western Digital in the second quarter valued at approximately $31,000. Finally, Valley Wealth Managers Inc. bought a new position in Western Digital in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Key Western Digital News

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

• Positive Sentiment: AI demand supports long-term growth prospects. Rising data volumes from AI inference, agentic AI and other emerging workloads could increase demand for Western Digital’s data-storage products, offering a potential structural growth catalyst. AI Data Explosion: Can WDC Become a Bigger Storage Winner?
• Positive Sentiment: Strong free cash flow may support shareholder returns. Western Digital entered fiscal 2027 with improved cash generation and a net cash position. Continued free-cash-flow returns through buybacks and dividends may strengthen the investment case and help support the stock. Can Western Digital’s Strong FCF Sustain Buybacks and Dividends?
• Positive Sentiment: Western Digital showed relative strength during a weaker market session. The stock gained while the overall market dipped, suggesting continued investor demand for the company’s earnings momentum and AI-related storage opportunity. Why the Market Dipped But Western Digital Gained Today
• Neutral Sentiment: Investor attention is elevated. Western Digital was among the stocks heavily searched by Zacks users, which can increase near-term trading interest but does not by itself indicate improving fundamentals or guarantee continued gains. Investors Heavily Search Western Digital Corporation

Western Digital Company Profile

Western Digital Corporation (NASDAQ: WDC) develops, manufactures and sells data storage products and solutions for data centers, cloud service providers, enterprises, businesses and consumers. Its portfolio is centered on hard disk drives (HDDs), including high-capacity enterprise drives used in cloud and data center environments, as well as products for network-attached storage, surveillance and personal computing.

The company markets products under brands including Western Digital, WD, WD_BLACK and Ultrastar.