Cynthia Tregillis Sells 214 Shares of Western Digital (NASDAQ:WDC) Stock

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 214 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $539.63, for a total transaction of $115,480.82. Following the transaction, the insider directly owned 117,157 shares in the company, valued at $63,221,431.91. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a document filed 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 Up 0.1%

Shares of Western Digital stock opened at $531.18 on Friday. The firm’s 50 day moving average price is $391.76 and its 200-day moving average price is $279.27. Western Digital Corporation has a 52-week low of $51.17 and a 52-week high of $553.50. The company has a market cap of $183.09 billion, a P/E ratio of 31.71 and a beta of 2.10.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. The company’s quarterly revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities research analysts forecast that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. Western Digital’s payout ratio is currently 2.99%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Western Digital is being viewed as a key beneficiary of surging AI infrastructure spending, with multiple reports citing stronger data-center storage demand and improving pricing conditions for memory and hard drives. Western Digital Stock Investors Need to See This
• Positive Sentiment: Coverage around the “memory melt-up” continues to support the stock, as peers like Micron and SanDisk rally on the same supply-tight, AI-demand narrative that is also benefiting WDC. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
• Positive Sentiment: Evercore raised its price target on Western Digital to $575 and called the stock “underappreciated,” pointing to HDD demand tied to AI data-center buildouts. Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here
• Positive Sentiment: Western Digital appointed former NVIDIA executive Manuvir Das to its board, reinforcing the company’s AI infrastructure credentials and signaling deeper alignment with the AI build-out theme. WD Appoints Manuvir Das to Board of Directors
• Neutral Sentiment: An insider sale by Cynthia L. Tregillis was disclosed, but it was small and executed under a pre-arranged 10b5-1 plan, so it does not appear to be a strong bearish signal. SEC filing
• Neutral Sentiment: Some articles note the stock has become very extended after a sharp multi-month run, which could lead to volatility even though the fundamental backdrop remains supportive. Sandisk Stock’s 4,000% Rise Is Happening Too Fast to Keep Up With

Hedge Funds Weigh In On Western Digital

Large investors have recently made changes to their positions in the stock. Valley Wealth Managers Inc. acquired a new position in Western Digital during the first quarter worth about $32,000. IMG Wealth Management Inc. grew its holdings in shares of Western Digital by 853.8% during the first quarter. IMG Wealth Management Inc. now owns 124 shares of the data storage provider’s stock worth $34,000 after buying an additional 111 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Western Digital in the first quarter worth approximately $35,000. Cornerstone Planning Group LLC boosted its position in shares of Western Digital by 33.3% in the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 33 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Western Digital by 80.2% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the data storage provider’s stock worth $39,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WDC shares. Wall Street Zen upgraded shares of Western Digital from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Western Digital from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Evercore reiterated an “outperform” rating and issued a $575.00 price target on shares of Western Digital in a research note on Tuesday. Finally, Jefferies Financial Group set a $575.00 price objective on shares of Western Digital in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $413.50.

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.