Western Digital Corporation (NASDAQ:WDC – Get Free Report) insider Cynthia Tregillis sold 235 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $477.27, for a total transaction of $112,158.45. Following the completion of the transaction, the insider owned 113,928 shares of the company’s stock, valued at $54,374,416.56. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Western Digital Trading Down 5.2%
WDC opened at $435.38 on Tuesday. Western Digital Corporation has a twelve month low of $76.70 and a twelve month high of $799.87. The firm has a market cap of $150.07 billion, a price-to-earnings ratio of 17.98 and a beta of 2.14. The company has a fifty day simple moving average of $547.88 and a 200 day simple moving average of $435.48.
Western Digital (NASDAQ:WDC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.25. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The firm’s revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 EPS. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. On average, analysts forecast that Western Digital Corporation will post 19.65 earnings per share for the current fiscal year.
Western Digital Dividend Announcement
Western Digital News Summary
Here are the key news stories impacting Western Digital this week:
- Positive Sentiment: Western Digital’s latest quarterly results exceeded expectations, with earnings of $3.56 per share, revenue of $3.75 billion and year-over-year revenue growth of approximately 44%. Analysts say accelerating AI and cloud-storage demand, improving margins and the planned ramp of 40TB drives and HAMR technology support the company’s fiscal 2027 outlook. WDC’s Strong Q4 Raises the Stakes for Its Fiscal 2027 Product Ramp
- Positive Sentiment: Some commentary continues to view WDC as attractively positioned for growth because AI data centers require increasing storage capacity. However, the bullish case depends on successful product execution and sustained cloud spending. Western Digital: Time To Jump In Before Beast Mode Arrives Again
- Neutral Sentiment: Western Digital will participate in Citi’s 2026 Global TMT Conference on September 9. Management’s presentation could provide additional commentary on demand, pricing and the fiscal 2027 product ramp, but the announcement itself contains no new financial guidance. WD to Participate in Upcoming Investor Conference
- Neutral Sentiment: Director Cynthia L. Tregillis sold a combined 919 shares under a pre-arranged Rule 10b5-1 trading plan. The sales represent a small reduction in her holdings and are less significant as a bearish signal because they were scheduled in advance. SEC insider transaction filing
- Negative Sentiment: Investors have rotated out of high-performing AI-chip and memory names ahead of Nvidia’s earnings report, weighing on WDC along with Micron and Seagate even though underlying storage demand remains firm. Micron, Seagate, Western Digital, Semtech, and Penguin Solutions Shares Are Falling
- Negative Sentiment: Reports that Apple may source memory chips from Chinese suppliers have intensified concerns about competition and future pricing across the memory industry. WDC’s premium valuation, concentration in cloud customers and the need to execute its product ramp add to investor caution. Memory Stocks Slide on Report Apple May Source Chinese Chips
Hedge Funds Weigh In On Western Digital
Several large investors have recently added to or reduced their stakes in WDC. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Western Digital during the second quarter valued at $28,000. Dunhill Financial LLC bought a new position in shares of Western Digital in the 2nd quarter worth about $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Western Digital in the 2nd quarter valued at about $31,000. Gables Capital Management Inc. acquired a new position in shares of Western Digital in the 2nd quarter valued at about $32,000. Finally, Ares Financial Consulting LLC grew its position in shares of Western Digital by 45.5% during the 2nd quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock valued at $51,000 after buying an additional 25 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on WDC. Evercore restated an “outperform” rating and set a $575.00 price objective on shares of Western Digital in a report on Tuesday, May 26th. Fox Advisors downgraded shares of Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. JPMorgan Chase & Co. lifted their price target on shares of Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Susquehanna increased their price objective on shares of Western Digital from $360.00 to $500.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $400.00 target price on shares of Western Digital in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $534.56.
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.
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