Western Digital (NASDAQ:WDC) Insider Cynthia Tregillis Sells 363 Shares

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 363 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $377.09, for a total transaction of $136,883.67. Following the transaction, the insider directly owned 120,023 shares of the company’s stock, valued at approximately $45,259,473.07. This trade represents a 0.30% decrease in their position. The sale 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 Performance

Shares of WDC traded up $5.29 during midday trading on Wednesday, hitting $389.10. 6,974,056 shares of the stock traded hands, compared to its average volume of 7,063,665. Western Digital Corporation has a 1-year low of $37.47 and a 1-year high of $402.00. The firm has a market capitalization of $131.92 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 0.81 and a beta of 1.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The business’s 50 day moving average price is $299.66 and its two-hundred day moving average price is $221.92.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. Equities research analysts predict that Western Digital Corporation will post 8.47 EPS for the current fiscal year.

Western Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Thursday, March 5th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Thursday, March 5th. Western Digital’s payout ratio is currently 5.02%.

Western Digital News Roundup

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

• Positive Sentiment: Barclays raised its coverage and boosted WDC’s price target to $405 with an Overweight rating, reinforcing institutional buy-side momentum and supporting the rally. Barclays raises price target to $405
• Positive Sentiment: JPMorgan (and Morgan Stanley commentary) flagged WDC as a top memory/storage idea and JPMorgan raised its price target to $400, adding credibility to the upside case and likely driving buy-side flows. JPMorgan and Morgan Stanley Bullish on Western Digital (WDC)
• Positive Sentiment: Analyst coverage has broadly shifted positive — Evercore and other shops have published bullish notes and the street consensus sits around a “moderate buy,” helping sustain momentum into new highs. Analyst consensus and Evercore note
• Positive Sentiment: Sector bullishness from continued AI-driven memory demand (Micron coverage and broader commentary) is lifting peers like WDC as investors price in stronger near‑term storage demand and higher margins. Stock Market Today, April 22: Micron Technology Surges on Continued Memory Boom
• Neutral Sentiment: Western Digital published its FY2025 Annual Sustainability Report emphasizing efficiency and sustainability for AI-scale storage — a message that can help institutional ESG positioning but has limited immediate revenue impact. WD Raises the Bar on Sustainable Infrastructure
• Neutral Sentiment: Management will be participating in several investor conferences (Barclays, J.P. Morgan, Bank of America) in May–June, which provides additional chances for guidance clarity and analyst engagement — important but informational. WD to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Memory-focused ETF flows (first dedicated memory ETF reaching ~$1B AUM) show strong demand for the group, which benefits WDC as a large-cap exposure to the theme but may amplify volatility. Memory ETF hits $1B AUM
• Negative Sentiment: Zacks and other commentators note WDC’s rapid run (to a 52-week high) leaves valuation stretched and raises the risk of a pullback if AI demand growth or margin assumptions disappoint. That makes timing entry points and position sizing more important. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52-Week High?
• Negative Sentiment: Comparative analysis (SanDisk vs Western Digital) highlights NAND-focused peers with different end-market exposure; investors worried about longer-term NAND vs HDD secular trends may prefer competitors, which could cap WDC’s multiple over time. SanDisk vs. Western Digital: Which Memory Storage Stock Is the Better Buy?

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WDC shares. Barclays lifted their price objective on shares of Western Digital from $325.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird set a $310.00 price objective on shares of Western Digital in a research note on Monday, February 2nd. Evercore lifted their price objective on shares of Western Digital from $378.00 to $410.00 and gave the company an “outperform” rating in a research note on Monday. Sanford C. Bernstein upgraded shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective on the stock in a research note on Tuesday, March 31st. Finally, Truist Financial set a $310.00 price objective on shares of Western Digital in a research note on Tuesday, February 3rd. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.79.

Hedge Funds Weigh In On Western Digital

Several large investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. boosted its position in shares of Western Digital by 9.2% during the 1st quarter. GHP Investment Advisors Inc. now owns 357 shares of the data storage provider’s stock valued at $97,000 after purchasing an additional 30 shares in the last quarter. Alps Advisors Inc. raised its holdings in Western Digital by 0.8% during the 4th quarter. Alps Advisors Inc. now owns 4,707 shares of the data storage provider’s stock worth $811,000 after buying an additional 37 shares during the period. Quadcap Wealth Management LLC raised its holdings in Western Digital by 2.1% during the 4th quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock worth $346,000 after buying an additional 41 shares during the period. Moss Adams Wealth Advisors LLC raised its holdings in Western Digital by 2.6% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock worth $341,000 after buying an additional 51 shares during the period. Finally, Falcon Wealth Planning raised its holdings in Western Digital by 2.6% during the 1st quarter. Falcon Wealth Planning now owns 2,170 shares of the data storage provider’s stock worth $587,000 after buying an additional 54 shares during the period. Institutional investors own 92.51% of the company’s stock.

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.