Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 308 Shares

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 308 shares of Western Digital stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $281.70, for a total value of $86,763.60. Following the sale, the insider owned 134,759 shares in the company, valued at $37,961,610.30. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Western Digital Stock Performance

NASDAQ WDC traded down $9.85 during trading hours on Tuesday, reaching $270.57. 8,649,423 shares of the company were exchanged, compared to its average volume of 10,609,014. The stock has a market capitalization of $91.73 billion, a P/E ratio of 27.14, a P/E/G ratio of 0.66 and a beta of 1.79. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. Western Digital Corporation has a 1 year low of $28.83 and a 1 year high of $309.90. The business’s 50 day simple moving average is $230.05 and its 200-day simple moving average is $161.03.

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

Western Digital Dividend Announcement

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

Institutional Trading of Western Digital

Large investors have recently modified their holdings of the business. SYM FINANCIAL Corp purchased a new stake in Western Digital in the second quarter worth $225,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Western Digital by 12.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after buying an additional 5,731 shares in the last quarter. LBP AM SA purchased a new stake in shares of Western Digital in the 3rd quarter worth about $641,000. Moloney Securities Asset Management LLC purchased a new stake in shares of Western Digital in the 3rd quarter worth about $636,000. Finally, Resona Asset Management Co. Ltd. increased its stake in shares of Western Digital by 7.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 118,888 shares of the data storage provider’s stock worth $7,594,000 after acquiring an additional 7,913 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho increased their price objective on Western Digital to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley upped their target price on Western Digital from $260.00 to $306.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Western Digital in a research note on Monday, February 9th. Benchmark lifted their price target on Western Digital from $115.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, UBS Group set a $306.00 price objective on shares of Western Digital in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.58.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Analysts note WDC has massively outperformed the market this year and over the past year, and some see further upside as AI demand sustains momentum. Western Digital Stock (WDC) Has Massively Outpaced S&P 500. Do Analysts See More Upside?
• Positive Sentiment: Wall Street brokerage coverage is generally bullish, with recent analyst commentary and ratings upgrades supporting demand for the shares. Wall Street Analysts See Western Digital (WDC) as a Buy: Should You Invest?
• Positive Sentiment: Industry pieces list WDC among AI-infrastructure winners as hyperscalers ramp data-center storage, highlighting strong secular demand and upside potential. 5 AI-Infrastructure Giants to Buy for 2026 on Massive Data Center Boom
• Positive Sentiment: Company-level execution: reporting sold-out 2026 HDD capacity, prioritizing enterprise/hyperscaler contracts and targeting higher-margin AI workloads — supportive for revenue and margins. Western Digital Doubles Down On AI Data Centers And Cleaner Balance Sheet
• Positive Sentiment: The SanDisk split last year helped the market value the two businesses separately, and investors have benefited from clearer AI-driven growth in the storage business. Why Sandisk’s split from Western Digital has been such a huge win for investors
• Neutral Sentiment: Coverage comparing WDC with peers (e.g., Teradata) paints WDC as a play on AI storage but highlights different risk/reward profiles across data-infrastructure names. WDC vs. TDC: Which Data Infrastructure Stock is the Smarter Bet?
• Neutral Sentiment: Media question whether Western Digital’s decision to sell SanDisk shares is a cue for investors to act; the strategic rationale (de-risking, balance-sheet cleanup) is mixed vs. short-term share supply. Western Digital Is Selling Sandisk Stock. Should You?
• Negative Sentiment: Near-term selling pressure: WDC is exiting most of its remaining SanDisk stake via a multibillion-dollar secondary offering and a debt-for-equity exchange — that increases share/secondary supply and likely contributed to today’s pullback. Western Digital Doubles Down On AI Data Centers And Cleaner Balance Sheet

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.