Cynthia Tregillis Sells 684 Shares of Western Digital (NASDAQ:WDC) Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 684 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $446.17, for a total transaction of $305,180.28. Following the sale, the insider owned 112,146 shares of the company’s stock, valued at $50,036,180.82. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Stock Performance

Western Digital stock opened at $450.75 on Wednesday. The firm has a market cap of $155.36 billion, a price-to-earnings ratio of 18.62 and a beta of 2.14. Western Digital Corporation has a 1 year low of $77.90 and a 1 year high of $799.87. The firm’s 50 day moving average price is $543.27 and its two-hundred day moving average price is $436.75.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.25. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.70 billion. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The company’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.66 EPS. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, equities analysts predict that Western Digital Corporation will post 19.65 EPS for the current fiscal year.

Western Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital’s dividend payout ratio is currently 2.48%.

More Western Digital News

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

• Positive Sentiment: Analysts remain bullish on Western Digital’s growth outlook. Recent quarterly results exceeded expectations, with EPS of $3.56 and revenue of $3.75 billion, up 43.8% year over year. Fiscal 2027 catalysts include rising hyperscale demand, improving margins, 40TB drive launches and HAMR technology. Prediction: This Memory Stock Will Soar 165% in 3 Years
• Positive Sentiment: Western Digital was highlighted as a top momentum and growth stock, with commentary pointing to strong earnings trends, AI-driven storage demand, cash generation and a potential memory shortage. Brokerages collectively maintain a “Moderate Buy” rating, with a consensus target price above the current trading level. Western Digital Is a Top-Ranked Growth Stock
• Neutral Sentiment: Western Digital will present at Citi’s 2026 Global TMT Conference on September 9. The event may provide updates on demand, pricing and its product ramp, but the announcement included no new guidance. WD to Participate in Upcoming Investor Conference
• Neutral Sentiment: Insider Cynthia Tregillis sold 919 shares in two transactions under a pre-arranged Rule 10b5-1 plan. The sales reduced her holdings only marginally and are unlikely to materially change the investment case. SEC insider transaction filing
• Negative Sentiment: Profit-taking and sector rotation ahead of Nvidia’s earnings report have pressured high-flying AI, memory and semiconductor stocks, including WDC. Investors are also monitoring valuation risk, cloud-customer concentration and execution requirements for upcoming products. Memory and Semiconductor Stocks Fall Ahead of Nvidia Earnings
• Negative Sentiment: Reports that Apple could source memory chips from Chinese suppliers have raised concerns about competition and pricing throughout the memory industry. A discounted 8TB WD My Book drive on Amazon is consumer-oriented news with little direct effect on WDC’s investment outlook. WD 8TB My Book External Hard Drive Price Cut

Hedge Funds Weigh In On Western Digital

Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Western Digital by 7.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock valued at $1,698,000 after purchasing an additional 3,019 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Western Digital by 229.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after buying an additional 967 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Western Digital in the 2nd quarter worth approximately $307,000. Cresset Asset Management LLC acquired a new stake in shares of Western Digital during the 2nd quarter valued at $292,000. Finally, Federated Hermes Inc. grew its holdings in shares of Western Digital by 55.3% during the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock valued at $152,000 after acquiring an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

WDC has been the topic of several recent analyst reports. Melius Research set a $1,050.00 price objective on Western Digital and gave the stock a “buy” rating in a report on Monday, June 29th. Bank of America boosted their price target on shares of Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. TD Cowen upped their price target on shares of Western Digital from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Cantor Fitzgerald raised their price objective on shares of Western Digital from $660.00 to $900.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $534.56.

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.