Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 807 Shares of Company Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 807 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $380.00, for a total transaction of $306,660.00. Following the completion of the transaction, the insider owned 108,928 shares in the company, valued at approximately $41,392,640. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Price Performance

Shares of WDC opened at $354.19 on Friday. The firm’s 50 day simple moving average is $435.48 and its 200 day simple moving average is $480.46. The company has a market capitalization of $132.58 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.60 and a beta of 2.11. Western Digital Corporation has a 1-year low of $121.71 and a 1-year high of $799.87.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, October 22nd. The data storage provider reported $4.64 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $0.53. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The business’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. On average, equities analysts anticipate that Western Digital Corporation will post 19.69 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be given a $0.1750 dividend. This represents a $0.70 annualized dividend and a yield of 0.2%. This is a boost from Western Digital’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 4th. Western Digital’s dividend payout ratio (DPR) is presently 2.48%.

Institutional Trading of Western Digital

Institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB raised its holdings in 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 during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Western Digital during the 2nd quarter valued at $19,694,000. NewEdge Wealth LLC bought a new stake in Western Digital in the 2nd quarter worth $14,466,000. OneAscent Financial Services LLC bought a new stake in Western Digital in the 2nd quarter worth $1,599,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Western Digital in the 2nd quarter worth $8,307,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WDC. Zacks Research lowered Western Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. TD Cowen increased their price objective on Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised Western Digital from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. Mizuho set a $590.00 price objective on Western Digital in a report on Thursday, August 6th. Finally, Bank of America boosted their target price on Western Digital from $720.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $609.56.

Key Western Digital News

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

• Positive Sentiment: Western Digital reported fiscal Q1 2027 adjusted earnings of $4.64 per share, above the roughly $4.09–$4.11 consensus, while revenue reached $4.38 billion, exceeding expectations of approximately $4.14 billion. Revenue increased 55% year over year, supported by strong data-center storage demand and improved pricing. Western Digital Q1 earnings and revenues beat estimates
• Positive Sentiment: Management issued strong fiscal Q2 guidance, forecasting revenue of about $5.1 billion and adjusted EPS of $5.80, plus or minus $0.20. Gross margins are expected to approach 60%, reinforcing the case that tight hard-drive supply and higher-capacity products are supporting pricing power. Western Digital surprises with strong results
• Positive Sentiment: Western Digital generated approximately $1.38 billion in free cash flow and raised its quarterly dividend by 17% to $0.175 per share. The results and long-term AI and cloud storage demand provide fundamental support for the stock, although the market has recently treated WDC like a semiconductor and memory company. Western Digital Q1 revenue climbs 55 percent
• Neutral Sentiment: Analysts remain broadly constructive, with Bank of America raising its price target to $800 before the report. However, expectations are high after WDC’s substantial prior rally, making a strong headline beat insufficient if investors remain concerned about valuation or future growth.
• Negative Sentiment: The initial positive reaction faded as selling spread across AI, memory and storage stocks. Reports also highlighted increased inventory, while investors remain concerned about hyperscaler capital spending, potential supply growth, technology transitions such as HAMR, and whether current demand can persist.
• Negative Sentiment: Insider selling is an additional sentiment overhang: Cynthia Tregillis sold 807 shares for approximately $306,660 under a pre-arranged Rule 10b5-1 plan. The transaction was small relative to her remaining holdings and does not necessarily signal a change in business outlook. SEC insider transaction filing

About Western Digital

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.