Insider Selling: Western Digital (NASDAQ:WDC) Insider Sells 4,674 Shares of Stock

Western Digital Corporation (NASDAQ:WDC) insider Vidyadhara Gubbi sold 4,674 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the sale, the insider directly owned 90,041 shares of the company’s stock, valued at approximately $39,905,270.79. This trade represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Western Digital Stock Up 5.2%

NASDAQ:WDC traded up $22.90 during trading hours on Tuesday, hitting $465.26. 9,668,011 shares of the company traded hands, compared to its average volume of 9,379,323. The company has a quick ratio of 1.20, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $314.33 and its 200-day simple moving average is $234.84. Western Digital Corporation has a one year low of $43.60 and a one year high of $480.11. The company has a market cap of $157.74 billion, a PE ratio of 27.78, a PEG ratio of 0.89 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the company earned $1.36 earnings per share. Western Digital’s revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts predict that Western Digital Corporation will post 8.68 earnings per share for the current year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be given a $0.15 dividend. The ex-dividend date is Friday, June 5th. This is an increase from Western Digital’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.1%. Western Digital’s dividend payout ratio is presently 3.58%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WDC. Bank of America increased their target price on Western Digital to $495.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $400.00 price objective on shares of Western Digital in a research note on Friday. Cantor Fitzgerald lifted their target price on Western Digital to $660.00 and gave the company an “overweight” rating in a research note on Friday. Evercore restated an “outperform” rating and set a $500.00 price target on shares of Western Digital in a report on Friday. Finally, Mizuho set a $470.00 target price on Western Digital in a report on Friday. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $395.83.

Institutional Trading of Western Digital

A number of hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Western Digital by 12.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after purchasing an additional 5,731 shares during the last quarter. LBP AM SA purchased a new position in shares of Western Digital during the 3rd quarter worth $641,000. AustralianSuper Pty Ltd purchased a new position in shares of Western Digital during the third quarter worth $34,244,000. NorthCrest Asset Manangement LLC boosted its position in shares of Western Digital by 75.4% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider’s stock worth $1,778,000 after buying an additional 4,068 shares during the period. Finally, Cantor Fitzgerald L. P. boosted its position in shares of Western Digital by 399.8% during the third quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider’s stock worth $3,900,000 after buying an additional 25,987 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Trending Headlines about Western Digital

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

• Positive Sentiment: Q3 beat, raised guidance and dividend increase are driving investor interest — analysts and outlets cite stronger AI-driven storage demand and margin momentum as the fundamental support for the rally. Western Digital (WDC) Valuation Check As Strong AI Storage Demand And Dividend Hike Lift Investor Interest
• Positive Sentiment: Multiple analysts are raising targets after the Q3 beat (some very high), which is underpinning optimism and fresh buy ratings. Western Digital (WDC) Stock Surges as Analysts Set $660 Price Target Following Q3 Beat
• Positive Sentiment: Independent bullish calls and price-target lifts (24/7 Wall St. $513 target; Jim Cramer supportive commentary) add momentum and retail attention. AI Boom Drives Western Digital Toward $500 Target Jim Cramer Says ‘Overheated’ Storage Stocks Still Have Room To Run
• Neutral Sentiment: SanDisk’s post-spinoff surge (now approaching ~$200B market cap) is shifting sector headlines; that strengthens the memory market narrative but also diverts some investor focus away from WDC. Sandisk Spun Off From Western Digital Just Last Year. Now It’s a $200B Company. Sandisk Spun Off From Western Digital Just Last Year. Now It’s a $200B Company.
• Neutral Sentiment: Management’s investor presentations and conference appearances (Barclays transcript) are being used to reinforce the AI-storage story; useful for conviction but not new earnings. Western Digital Corporation (WDC) Presents at Barclays 18th Annual Americas Select Conference Transcript
• Negative Sentiment: Valuation and momentum risk: the stock has run hard YTD and month-to-month, and some measured price-targets (e.g., Robert W. Baird’s $450) imply limited near-term upside from levels in recent trading — raises the chance of profit-taking. Western Digital (NASDAQ:WDC) Price Target Raised to $450.00 at Robert W. Baird

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.