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

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

Western Digital Price Performance

Shares of Western Digital stock traded down $24.06 during trading on Monday, reaching $435.38. 7,761,054 shares of the stock traded hands, 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 business has a fifty day simple moving average of $552.24 and a two-hundred day simple moving average of $434.46. Western Digital Corporation has a 52-week low of $76.70 and a 52-week high of $799.87.

Western Digital (NASDAQ:WDC) last issued its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.25. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The business’s revenue was up 43.8% compared to the same quarter last year. During the same period 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. On average, research analysts predict that Western Digital Corporation will post 19.65 earnings per share for the current fiscal year.

Western Digital Announces Dividend

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

Trending Headlines about Western Digital

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?

Wall Street Analysts Forecast Growth

WDC has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $400.00 target price on shares of Western Digital in a report on Friday, May 1st. Barclays increased their price objective on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Rosenblatt Securities dropped their price objective on shares of Western Digital from $900.00 to $800.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Cantor Fitzgerald boosted their target price on shares of Western Digital from $660.00 to $900.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, Wells Fargo & Company increased their price target on shares of Western Digital from $575.00 to $730.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $534.56.

Institutional Investors Weigh In On Western Digital

Several hedge funds and other institutional investors have recently modified their holdings of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Western Digital by 7.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after purchasing an additional 3,019 shares during the period. Geneos Wealth Management Inc. grew its holdings in Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after acquiring an additional 967 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Western Digital during the second quarter valued at approximately $307,000. Cresset Asset Management LLC purchased a new position in shares of Western Digital in the 2nd quarter valued at $292,000. Finally, Federated Hermes Inc. raised its holdings in Western Digital by 55.3% in the second quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after purchasing an additional 845 shares in the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

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.