Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 214 Shares

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 214 shares of Western Digital stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $539.63, for a total transaction of $115,480.82. Following the completion of the sale, the insider owned 117,157 shares of the company’s stock, valued at $63,221,431.91. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Stock Up 1.1%

NASDAQ WDC opened at $530.60 on Thursday. The stock has a market capitalization of $182.89 billion, a PE ratio of 31.68 and a beta of 2.10. The company has a 50 day moving average price of $387.41 and a two-hundred day moving average price of $276.68. Western Digital Corporation has a 12-month low of $51.17 and a 12-month high of $546.68.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The company’s revenue was up 45.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities analysts anticipate that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. Western Digital’s dividend payout ratio is presently 2.99%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WDC shares. Morgan Stanley restated an “overweight” rating and issued a $488.00 price objective on shares of Western Digital in a research note on Friday, May 1st. Wells Fargo & Company boosted their price objective on shares of Western Digital from $335.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. TD Cowen boosted their price objective on shares of Western Digital from $325.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. New Street Research set a $250.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Finally, Barclays boosted their price objective on shares of Western Digital to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.50.

Institutional Trading of Western Digital

A number of institutional investors and hedge funds have recently modified their holdings of WDC. WCM Investment Management LLC acquired a new position in Western Digital during the 3rd quarter valued at $791,317,000. Norges Bank acquired a new position in Western Digital during the 4th quarter valued at $788,729,000. Fred Alger Management LLC raised its stake in Western Digital by 4,923.9% during the 3rd quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock valued at $409,049,000 after purchasing an additional 3,339,225 shares during the last quarter. Soroban Capital Partners LP raised its stake in Western Digital by 1,926.3% during the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after purchasing an additional 2,910,062 shares during the last quarter. Finally, Polar Capital Holdings Plc acquired a new position in Western Digital during the 3rd quarter valued at $221,800,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

More Western Digital News

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

• Positive Sentiment: Shares are benefiting from a strong sector-wide “memory melt-up,” with AI infrastructure demand supporting higher pricing power and improving earnings expectations for storage makers like Western Digital. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Evercore reportedly raised its price target on Western Digital to $575, calling the stock “underappreciated” as hard disk drives remain critical for AI data-center buildouts. Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here
• Positive Sentiment: Recent coverage highlights Western Digital as a key beneficiary of the AI memory/storage supercycle, with investors searching the name more heavily after strong momentum in peers like Micron and SanDisk. Micron’s $1 Trillion Memory Melt-Up
• Neutral Sentiment: An insider sale by Cynthia L. Tregillis was disclosed, but it was small relative to her holdings and was made under a pre-arranged 10b5-1 trading plan, so it is unlikely to be a major negative signal for investors. SEC filing
• Neutral Sentiment: Another insider sale was also reported the same day, adding to activity that may look cautious, but the transactions appear routine rather than clearly bearish. SEC filing

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.