Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 130 Shares of Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 130 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $283.83, for a total value of $36,897.90. Following the completion of the transaction, the insider owned 135,067 shares of the company’s stock, valued at $38,336,066.61. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Western Digital Stock Down 3.5%

Western Digital stock opened at $270.57 on Wednesday. The business’s 50-day simple moving average is $231.97 and its two-hundred day simple moving average is $162.41. 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 cap of $91.73 billion, a PE ratio of 27.14, a PEG ratio of 0.65 and a beta of 1.80. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $309.90.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The company’s revenue was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. Equities analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 5th. Western Digital’s dividend payout ratio is 5.02%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WDC. Loop Capital boosted their target price on shares of Western Digital to $250.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Robert W. Baird set a $310.00 price objective on Western Digital in a report on Monday, February 2nd. TD Cowen lifted their price target on Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Benchmark upped their price objective on Western Digital from $115.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $340.00 price objective on shares of Western Digital in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Western Digital has a consensus rating of “Moderate Buy” and an average target price of $265.58.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. WCM Investment Management LLC acquired a new stake in Western Digital in the 3rd quarter valued at $791,317,000. Norges Bank purchased a new position in Western Digital during the fourth quarter valued at $788,729,000. Fred Alger Management LLC grew its position in shares of Western Digital by 4,923.9% in the third 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 period. Soroban Capital Partners LP increased its stake in shares of Western Digital by 1,926.3% during the second quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock worth $195,882,000 after purchasing an additional 2,910,062 shares in the last quarter. Finally, Polar Capital Holdings Plc acquired a new position in shares of Western Digital during the 3rd quarter worth about $221,800,000. 92.51% of the stock is owned by institutional investors and hedge funds.

Western Digital News Summary

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

• Positive Sentiment: WDC has massively outperformed the market this year and over the past 12 months, which has drawn analyst attention and bullish coverage — reinforcing confidence in continued upside tied to AI/data-center demand. TipRanks: Western Digital Has Massively Outpaced S&P 500
• Positive Sentiment: Several analyst write-ups and rankings continue to list WDC as a buy and include it among AI/data-center infrastructure winners, supporting demand expectations and longer-term investor conviction. Zacks: Analysts See WDC as a Buy
• Neutral Sentiment: Media pieces revisiting last year’s SanDisk split note it allowed clearer market appraisal of WDC’s AI-focused HDD business — a longer-term positive but not an immediate catalyst. MarketWatch: Why SanDisk’s Split Has Been a Win
• Neutral Sentiment: Analyst comparisons of WDC vs. peers (e.g., Teradata) and inclusion on AI-infrastructure lists underline the company’s strategic positioning; useful context but not an immediate price driver. Zacks: WDC vs. TDC
• Negative Sentiment: Reports that Western Digital is exiting most of its remaining SanDisk stake via a multibillion-dollar secondary offering / sale raised concerns about increased share supply and focus on balance-sheet cleanup rather than buybacks — a likely near-term headwind for the stock. Yahoo Finance: Western Digital Doubles Down On AI Data Centers And Cleaner Balance Sheet
• Negative Sentiment: Coverage noting WDC is selling its SanDisk stake prompted further selling pressure and investor questions about dilution/liquidity timing. Barchart: Western Digital Is Selling SanDisk Stock
• Negative Sentiment: Insider sales: Cynthia L. Tregillis sold small blocks of WDC shares on Feb. 23–24 (total ~438 shares) disclosed via SEC filings — not a large position relative to holdings but these filings can amplify negative sentiment on a down day. SEC Filing: Insider Sales (Cynthia L. Tregillis)

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.