Insider Selling: Western Digital (NASDAQ:WDC) Insider Sells 308 Shares of Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 308 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $281.70, for a total transaction of $86,763.60. Following the transaction, the insider directly owned 134,759 shares of the company’s stock, valued at $37,961,610.30. This represents a 0.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Western Digital Stock Down 3.5%

Shares of WDC traded down $9.85 during mid-day trading on Tuesday, reaching $270.57. The company had a trading volume of 8,649,423 shares, compared to its average volume of 10,609,014. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The company has a market capitalization of $91.73 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 0.66 and a beta of 1.79. The firm has a 50-day moving average price of $230.05 and a 200 day moving average price of $161.03. Western Digital Corporation has a 52 week low of $28.83 and a 52 week high of $309.90.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter last year, the company earned $1.77 EPS. On average, sell-side analysts forecast that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be paid a $0.125 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. Western Digital’s payout ratio is presently 5.02%.

Trending Headlines about Western Digital

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

• Positive Sentiment: Analysts note WDC has massively outperformed the market this year and over the past year, and some see further upside as AI demand sustains momentum. Western Digital Stock (WDC) Has Massively Outpaced S&P 500. Do Analysts See More Upside?
• Positive Sentiment: Wall Street brokerage coverage is generally bullish, with recent analyst commentary and ratings upgrades supporting demand for the shares. Wall Street Analysts See Western Digital (WDC) as a Buy: Should You Invest?
• Positive Sentiment: Industry pieces list WDC among AI-infrastructure winners as hyperscalers ramp data-center storage, highlighting strong secular demand and upside potential. 5 AI-Infrastructure Giants to Buy for 2026 on Massive Data Center Boom
• Positive Sentiment: Company-level execution: reporting sold-out 2026 HDD capacity, prioritizing enterprise/hyperscaler contracts and targeting higher-margin AI workloads — supportive for revenue and margins. Western Digital Doubles Down On AI Data Centers And Cleaner Balance Sheet
• Positive Sentiment: The SanDisk split last year helped the market value the two businesses separately, and investors have benefited from clearer AI-driven growth in the storage business. Why Sandisk’s split from Western Digital has been such a huge win for investors
• Neutral Sentiment: Coverage comparing WDC with peers (e.g., Teradata) paints WDC as a play on AI storage but highlights different risk/reward profiles across data-infrastructure names. WDC vs. TDC: Which Data Infrastructure Stock is the Smarter Bet?
• Neutral Sentiment: Media question whether Western Digital’s decision to sell SanDisk shares is a cue for investors to act; the strategic rationale (de-risking, balance-sheet cleanup) is mixed vs. short-term share supply. Western Digital Is Selling Sandisk Stock. Should You?
• Negative Sentiment: Near-term selling pressure: WDC is exiting most of its remaining SanDisk stake via a multibillion-dollar secondary offering and a debt-for-equity exchange — that increases share/secondary supply and likely contributed to today’s pullback. Western Digital Doubles Down On AI Data Centers And Cleaner Balance Sheet

Analysts Set New Price Targets

WDC has been the subject of a number of recent analyst reports. Robert W. Baird set a $310.00 price objective on shares of Western Digital in a report on Monday, February 2nd. Weiss Ratings upgraded Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. China Renaissance started coverage on shares of Western Digital in a research report on Friday, December 5th. They set a “buy” rating and a $193.00 price objective for the company. Mizuho boosted their price objective on Western Digital to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Wedbush restated an “outperform” rating and set a $325.00 target price on shares of Western Digital in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $265.58.

Institutional Trading of Western Digital

Hedge funds have recently bought and sold shares of the stock. Avion Wealth grew its position in shares of Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Swiss RE Ltd. purchased a new position in Western Digital during the 4th quarter valued at approximately $32,000. ORG Partners LLC increased its stake in Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Concord Wealth Partners purchased a new stake in shares of Western Digital during the 4th quarter worth approximately $41,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

About Western Digital

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.