Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 808 Shares

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 808 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total transaction of $427,941.04. Following the completion of the sale, the insider owned 114,539 shares of the company’s stock, valued at approximately $60,663,290.57. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Stock Down 6.9%

Shares of NASDAQ WDC opened at $463.51 on Wednesday. The company has a market capitalization of $159.76 billion, a PE ratio of 27.67 and a beta of 2.11. The stock’s 50 day moving average price is $565.84 and its 200-day moving average price is $402.35. Western Digital Corporation has a twelve month low of $69.30 and a twelve month high of $799.87.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.33. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.Western Digital’s revenue was up 45.5% on a year-over-year basis. During the same period last year, the business posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, research analysts expect that Western Digital Corporation will post 9.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WDC. The Goldman Sachs Group reiterated a “neutral” rating and set a $400.00 target price on shares of Western Digital in a research note on Friday, May 1st. Sanford C. Bernstein upgraded shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective for the company in a report on Tuesday, March 31st. Wall Street Zen raised shares of Western Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Barclays boosted their target price on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised shares of Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and an average price target of $520.32.

Institutional Investors Weigh In On Western Digital

Several large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 worth $1,698,000 after purchasing an additional 3,019 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Western Digital by 229.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock valued at $56,000 after purchasing an additional 967 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Western Digital during the 2nd quarter valued at approximately $307,000. Cresset Asset Management LLC purchased a new stake in shares of Western Digital during the 2nd quarter valued at approximately $292,000. Finally, Federated Hermes Inc. boosted its holdings in Western Digital by 55.3% in the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after buying an additional 845 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: AI infrastructure remains a major long-term growth driver. Western Digital supplies high-capacity hard drives used by cloud providers, and rising AI-generated data is supporting strong demand, tight supply and pricing power. 2 AI Stocks That Beat NVIDIA – and Could Soar Even Higher
• Positive Sentiment: Wedbush raised its price targets for Western Digital and Seagate ahead of earnings, while other analysts remain bullish. Morgan Stanley reportedly set a $650 target and Citigroup maintained an $800 target, suggesting analysts view the selloff as potentially excessive if demand and margins remain strong. Seagate and Western Digital in Focus as Wedbush Raises Price Targets
• Positive Sentiment: Investment commentary highlighted Western Digital’s strong hard-drive demand and tighter supply, reinforcing the company’s improving revenue, margins and cash-generation outlook. Western Digital Surged on Strong Hard Drive Demand and Tighter Supply
• Neutral Sentiment: Western Digital’s Aug. 5 earnings report is the next major catalyst. Investors will focus on gross margins, pricing, supply conditions and guidance to determine whether AI demand is still translating into higher profitability. Western Digital’s Earnings Will Test Whether Its AI Rally Has More Room
• Negative Sentiment: The broader AI memory trade is unwinding, with investors reducing exposure to chip and storage companies amid a shaky risk appetite and expectations that market volatility could persist. Western Digital has also retreated substantially from its June peak, increasing concern that valuation expectations had moved too far ahead of fundamentals. The AI Memory Trade Is Crumbling
• Negative Sentiment: China’s ChangXin Memory Technologies’ highly successful IPO and advances in Chinese AI technology are raising concerns about future competition and whether the current memory and storage supply shortage can persist. CXMT’s Blockbuster IPO Hits Memory Stocks
• Negative Sentiment: Insider Cynthia L. Tregillis sold 808 shares worth approximately $428,000 under a pre-arranged Rule 10b5-1 plan. The transaction was small relative to her remaining holdings, so it is a limited but slightly negative sentiment signal.

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.