Western Digital Corporation (NASDAQ:WDC) Receives Average Rating of “Moderate Buy” from Brokerages

Posted by Stanley Muller on Aug 30th, 2026

Western Digital Corporation (NASDAQ:WDC – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the twenty-five ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $534.56.

Several equities research analysts have weighed in on the stock. UBS Group decreased their price target on shares of Western Digital from $560.00 to $525.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Fox Advisors downgraded Western Digital from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Wells Fargo & Company boosted their target price on Western Digital from $575.00 to $730.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Rosenblatt Securities dropped their price target on Western Digital from $900.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th.

Read Our Latest Stock Analysis on Western Digital

Insider Transactions at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 2,475 shares of Western Digital stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the transaction, the insider owned 85,154 shares in the company, valued at approximately $47,366,060.96. The trade was a 2.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the sale, the chief executive officer directly owned 575,966 shares of the company’s stock, valued at $256,287,591.02. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,117 shares of company stock valued at $12,053,353 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WDC. Dogwood Wealth Management LLC raised its stake in Western Digital by 28.6% in the 2nd quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock worth $57,000 after acquiring an additional 20 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in shares of Western Digital by 1.0% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,302 shares of the data storage provider’s stock valued at $1,470,000 after acquiring an additional 22 shares during the last quarter. Everpar Advisors LLC boosted its holdings in shares of Western Digital by 1.8% in the 2nd quarter. Everpar Advisors LLC now owns 1,442 shares of the data storage provider’s stock valued at $921,000 after acquiring an additional 25 shares during the last quarter. Ares Financial Consulting LLC increased its stake in shares of Western Digital by 45.5% in the second quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock worth $51,000 after acquiring an additional 25 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Western Digital by 2.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,390 shares of the data storage provider’s stock worth $888,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital News Roundup

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

Positive Sentiment: Western Digital’s long-term outlook remains supported by demand for AI infrastructure, cloud computing, enterprise storage, automotive systems and other data-intensive applications. Analysts at Zacks continue to identify WDC as a potential beneficiary of strong memory and storage demand, particularly following Nvidia’s solid results. 4 High-Flying Memory and Storage Giants
Positive Sentiment: The company’s latest quarterly results provide fundamental support: revenue rose 43.8% year over year to $3.75 billion, while earnings of $3.56 per share exceeded expectations. Guidance for $3.85 to $4.15 in next-quarter EPS also remains constructive.
Positive Sentiment: Wall Street’s consensus remains bullish, with a “Moderate Buy” rating and an average price target above the current trading level. Several firms have cited continued AI and storage demand as reasons for further upside. Wall Street’s Bullish Views on WDC
Neutral Sentiment: Insider Cynthia Tregillis sold a small portion of her holdings under a pre-arranged Rule 10b5-1 trading plan. The transactions modestly reduce her position but do not necessarily signal deteriorating confidence. Cynthia Tregillis Insider Transactions
Negative Sentiment: Memory and storage stocks sold off even after Nvidia reported strong results, suggesting investors are taking profits from an extended AI trade and differentiating among suppliers. Western Digital’s underperformance versus peers has amplified concern that expectations or valuation may have become too aggressive. Why Memory Stocks Fell Despite Nvidia’s Results

Western Digital Stock Performance

Western Digital stock opened at $459.45 on Tuesday. The stock has a market capitalization of $158.36 billion, a price-to-earnings ratio of 18.98 and a beta of 2.14. Western Digital has a 52-week low of $77.90 and a 52-week high of $799.87. The stock’s 50 day moving average price is $526.99 and its two-hundred day moving average price is $439.63.

Western Digital (NASDAQ:WDC – Get Free Report) last released its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.25. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. Western Digital’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. On average, equities research analysts forecast that Western Digital will post 19.65 EPS for the current year.

Western Digital Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s dividend payout ratio (DPR) is currently 2.48%.

Western Digital Company Profile

(Get Free Report)

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.