Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 130 Shares

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 130 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $283.83, for a total value of $36,897.90. Following the transaction, the insider directly owned 135,067 shares in the company, valued at approximately $38,336,066.61. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Western Digital Stock Performance

NASDAQ:WDC traded down $9.85 during midday trading on Tuesday, reaching $270.57. The stock had a trading volume of 8,649,423 shares, 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 PEG ratio of 0.66 and a beta of 1.79. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $309.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The firm’s fifty 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, topping analysts’ consensus estimates of $1.93 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS. On average, equities research analysts forecast 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 issued a dividend of $0.125 per share. The ex-dividend date is Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s payout ratio is 5.02%.

Analysts Set New Price Targets

WDC has been the subject of a number of research reports. Mizuho raised their price objective on Western Digital to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Cantor Fitzgerald upped their target price on shares of Western Digital to $325.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. TD Cowen raised their price target on shares of Western Digital from $200.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Susquehanna reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Western Digital in a report on Friday, February 6th. Finally, Benchmark upped their price objective on Western Digital from $115.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One 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 company. Based on data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and a consensus price target of $265.58.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC bought a new stake in Western Digital during the 3rd quarter worth about $791,317,000. Norges Bank acquired a new position in shares of Western Digital during the fourth quarter worth approximately $788,729,000. Fred Alger Management LLC grew its stake in shares of Western Digital by 4,923.9% during the third quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock valued at $409,049,000 after purchasing an additional 3,339,225 shares during the last quarter. Soroban Capital Partners LP increased its stake in shares of Western Digital by 1,926.3% in the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after buying an additional 2,910,062 shares during the period. Finally, Polar Capital Holdings Plc acquired a new stake in Western Digital in the third quarter worth about $221,800,000. 92.51% of the stock is owned by institutional investors.

Western Digital News Roundup

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

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.