Western Digital (NASDAQ:WDC) Insider Vidyadhara Gubbi Sells 2,475 Shares

Western Digital Corporation (NASDAQ:WDC) insider Vidyadhara Gubbi sold 2,475 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $556.24, for a total value of $1,376,694.00. Following the sale, the insider directly owned 85,154 shares in the company, valued at $47,366,060.96. This trade represents a 2.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Western Digital Price Performance

Shares of NASDAQ WDC traded up $16.90 during midday trading on Tuesday, hitting $563.10. 4,990,751 shares of the company’s stock were exchanged, compared to its average volume of 8,904,939. Western Digital Corporation has a twelve month low of $51.88 and a twelve month high of $571.18. The company has a market cap of $194.09 billion, a PE ratio of 33.62 and a beta of 2.13. The firm’s fifty day simple moving average is $400.87 and its 200-day simple moving average is $284.43.

Western Digital (NASDAQ:WDC) last issued its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company earned $1.36 EPS. The business’s quarterly revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts anticipate that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 5th. 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. Western Digital’s dividend payout ratio (DPR) is 3.58%.

Trending Headlines about Western Digital

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

• Positive Sentiment: Analysts and market commentary say Western Digital is positioned to benefit from accelerating demand for storage driven by AI, cloud computing, IoT, and automotive data growth. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Western Digital’s recent presentations and product announcements reinforce its AI-infrastructure story, including positioning storage as a key layer of AI workloads rather than just compute. WD at Computex 2026: AI Doesn’t Just Run on Compute – It Runs on Data
• Positive Sentiment: A separate note says the AI storage trade still has room to run, suggesting traders remain willing to pay up for exposure to the theme. Western Digital: The AI Storage Trade Still Has Room To Run
• Neutral Sentiment: Western Digital presented at the Bank of America 2026 Global Technology Conference, which may have helped keep the stock in focus, but the transcript itself did not include a major new catalyst. Western Digital Corporation (WDC) Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: One article took a more cautious stance, assigning a hold rating despite the AI storage opportunity, which may temper enthusiasm at the margins. Western Digital: Hold Rating Despite AI Storage Supercycle
• Neutral Sentiment: Investors also noted bullish commentary around Western Digital’s new quantum-secure drives and addition of AI/cloud executive Manuvir Das to the board, both of which support the long-term strategy narrative. Western Digital Links Quantum Secure Drives And AI Board Expertise
• Negative Sentiment: Some stock-picking commentary and recent insider/hedge-fund related articles are less supportive, but they appear secondary to the stronger AI-storage momentum driving the shares. Western Digital Corporation (WDC): Leopold Aschenbrenner Is Selling This Stock

Institutional Trading of Western Digital

Several hedge funds and other institutional investors have recently made changes to their positions in WDC. Rakuten Securities Inc. increased its stake in shares of Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares during the period. Avion Wealth lifted its position in Western Digital by 163.8% in 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 during the period. Cornerstone Planning Group LLC boosted its holdings in Western Digital by 207.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after purchasing an additional 178 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in Western Digital in the 1st quarter valued at approximately $32,000. Finally, Swiss RE Ltd. acquired a new position in Western Digital during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WDC. Morgan Stanley restated an “overweight” rating and set a $488.00 price target on shares of Western Digital in a research note on Friday, May 1st. UBS Group raised their price target on Western Digital from $350.00 to $375.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Mizuho set a $470.00 price target on Western Digital in a research note on Friday, May 1st. Cantor Fitzgerald raised their price target on Western Digital to $660.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Robert W. Baird raised their price target on Western Digital from $310.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $424.33.

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.