Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 9,324 Shares of Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 9,324 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the completion of the sale, the insider directly owned 121,682 shares in the company, valued at approximately $32,643,630.14. The trade was a 7.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Western Digital Trading Down 1.3%

Shares of WDC traded down $3.48 during midday trading on Friday, hitting $255.55. 1,294,872 shares of the stock were exchanged, compared to its average volume of 10,178,938. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $309.90. 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 stock has a fifty day simple moving average of $245.11 and a 200 day simple moving average of $170.68. The firm has a market cap of $86.64 billion, a P/E ratio of 25.63, a P/E/G ratio of 0.60 and a beta of 1.76.

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

Western Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.125 per share. 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 currently 5.02%.

Wall Street Analysts Forecast Growth

WDC has been the topic of several recent research reports. China Renaissance initiated coverage on shares of Western Digital in a research note on Friday, December 5th. They set a “buy” rating and a $193.00 target price on the stock. Loop Capital raised their price target on shares of Western Digital to $250.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Susquehanna reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Western Digital in a research report on Friday, February 6th. New Street Research set a $250.00 price objective on Western Digital in a research note on Tuesday, February 3rd. Finally, Evercore reiterated an “outperform” rating and issued a $230.00 target price on shares of Western Digital in a report on Friday, January 16th. One equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $265.58.

Institutional Investors Weigh In On Western Digital

Institutional investors have recently modified their holdings of the company. ORG Partners LLC grew its stake in shares of Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares in the last quarter. NewSquare Capital LLC increased its holdings in shares of Western Digital by 86.9% in the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 205 shares during the last quarter. Cullen Frost Bankers Inc. raised its position 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. Finally, Grove Bank & Trust acquired a new stake in shares of Western Digital during the 3rd quarter worth about $30,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Company completed the spin‑off of its flash business and repositioned as a pure‑play HDD supplier, raising cash (a reported $3.1B stake sale) and locking long‑term supply deals that fully book HDD production through at least 2028 — a structural move that supports revenue visibility and higher-margin HDD demand from hyperscalers. Western Digital Bets On Pure HDD Future With Hyperscaler AI Demand
• Positive Sentiment: Strong AI-driven storage thesis: management and analysts cite sold‑out nearline capacity for 2026, long‑term cloud/hyperscaler commitments, and guidance that points to material revenue and margin expansion as AI workloads (especially video and large model data) raise demand for high‑capacity HDDs. This narrative is driving investor rotation back into WDC after a pullback. Western Digital: AI’s Unsung Storage Backbone
• Neutral Sentiment: Street coverage remains bullish overall (multiple buy/overweight ratings and a wide range of price targets; median near ~$253.5), which supports liquidity and trading interest but highlights dispersion in valuation expectations. QuiverQuant WDC coverage & analyst summary
• Neutral Sentiment: Retail/consumer promotions (example: WD SN850X 2TB pricing anomalies at Walmart) are noise for enterprise HDD thesis but can create short‑term retail attention. This 2TB WD SN850X is cheaper from Walmart than the equivalent 1TB model in a strange deal
• Negative Sentiment: Valuation and cycle risk flagged by analysts: some note that recent share gains may be cyclical and that multiples now reflect peak expectations for AI storage demand — raising the risk of a correction if hyperscaler demand softens or capacity normalizes. Western Digital: Strong AI Tailwinds, But Valuation Signals Cyclical Peak Risk
• Negative Sentiment: Significant insider selling reported (multiple senior exec sales disclosed on March 4); persistent seller activity from insiders can weigh on sentiment even if sales are routine diversification. Insider sale filing: Vidyadhara K. Gubbi

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.