Western Digital (WDC) Stock Price, News & Analysis

Company Overview

Western Digital Corporation (NASDAQ: WDC) is a global leader in data storage solutions, designing, manufacturing and marketing a broad portfolio of products and services for enterprise, cloud and consumer markets. Its offerings include hard disk drives (HDDs), solid‐state drives (SSDs), flash memory cards, USB flash drives, and storage platforms that support applications ranging from data centers and networking to client computing and mobile devices. The company’s products are marketed under the Western Digital, WD, and SanDisk brands, serving original equipment manufacturers (OEMs), resellers, system integrators and end users around the world.

Founded in 1970 as General Digital, the company launched its first hard disk drive in 1971 and later adopted the Western Digital name. A major milestone in its history was the 2016 acquisition of SanDisk, which significantly expanded its presence in the NAND flash memory market. Since then, Western Digital has invested heavily in research and development to integrate HDD and SSD technologies into converged storage solutions, while building a scalable architecture that addresses the demands of artificial intelligence, cloud computing and edge applications.

Headquartered in San Jose, California, Western Digital operates manufacturing and R&D facilities across North America, Asia and Europe, with key production sites in Malaysia, Thailand and China. Its global network supports customers in more than 160 countries, including hyperscale cloud service providers, enterprise IT organizations, consumer electronics companies and retail channels. The company emphasizes sustainability and supply‐chain resilience, striving to optimize manufacturing processes and reduce environmental impact.

David Goeckeler has served as President and Chief Executive Officer since November 2017, leading strategic initiatives to strengthen Western Digital’s technology roadmap and expand its portfolio of integrated storage platforms. Under his guidance, the company continues to focus on innovation, operational efficiency and long‐term partnerships that address the evolving needs of the digital economy.

Key Stats

• Today's Range: $129.93 to $136.22
• 50-Day Range: $68.99 to $131.31
• 52-Week Range: $28.83 to $137.40
• Volume: 8.46 million shs
• Average Volume: 9.95 million shs
• Market Capitalization: $45.81 billion
• P/E Ratio: 25.50
• Dividend Yield: 0.30%
• Price Target: $91.47
• Consensus Rating: Moderate Buy

Western Digital Stock Analysis - MarketRank™

Western Digital scored higher than 86% of companies evaluated by MarketBeat, and ranked 141st out of 663 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Western Digital has received a consensus rating of Moderate Buy. The company's average rating score is 2.74, and is based on 17 buy ratings, 6 hold ratings, and no sell ratings.

Downside Risk

Western Digital has a consensus price target of $91.47, representing about 30.3% downside from its current price of $131.31.

Amount of Analyst Coverage

Western Digital has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 66.67%

Earnings Growth

Earnings for Western Digital are expected to grow by 66.67% in the coming year, from $4.89 to $8.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Western Digital is 25.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 233.14.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Digital is 25.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 487.79.

Price to Earnings Growth Ratio

Western Digital has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Western Digital has a P/B Ratio of 8.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.32% of the outstanding shares of Western Digital have been sold short.

Short Interest Ratio / Days to Cover

Western Digital has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Western Digital has recently increased by 12.45%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Western Digital has a dividend yield of 0.30%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Western Digital does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Western Digital is 7.77%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Western Digital will have a dividend payout ratio of 4.91% next year. This indicates that Western Digital will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -1.31

Percentage of Shares Shorted

11.32% of the outstanding shares of Western Digital have been sold short.

Short Interest Ratio / Days to Cover

Western Digital has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Western Digital has recently increased by 12.45%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.01

News Sentiment

Western Digital has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 34 news articles for Western Digital this week, compared to 23 articles on an average week.

Search Interest

147 people have searched for WDC on MarketBeat in the last 30 days. This is an increase of 425% compared to the previous 30 days.

MarketBeat Follows

19 people have added Western Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 280% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Western Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,921,594.00 in company stock.

Percentage Held by Insiders

Only 0.30% of the stock of Western Digital is held by insiders.

Percentage Held by Institutions

92.51% of the stock of Western Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WDC Stock Analysis - Frequently Asked Questions

How have WDC shares performed this year?

Western Digital's stock was trading at $59.63 on January 1st, 2025. Since then, WDC shares have increased by 120.2% and is now trading at $131.31.

How were Western Digital's earnings last quarter?

Western Digital Corporation (NASDAQ:WDC) posted its quarterly earnings data on Wednesday, July, 30th. The data storage provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.48 by $0.18. The company's revenue for the quarter was up 30.0% compared to the same quarter last year.
Read the conference call transcript.

How will Western Digital's stock buyback program work?

Western Digital's Board of Directors initiated a share buyback program on Tuesday, May 13th 2025, which authorizes the company to repurchase $2,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 11.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

Does Western Digital have any subsidiaries?

Western Digital subsidiaries include these companies: Kioxia, Kazan Networks, Tegile Systems, Upthere, SanDisk, Stec's, Virident Systems, and more.

Who are Western Digital's major shareholders?

Western Digital's top institutional shareholders include GAMMA Investing LLC, Jackson Wealth Management LLC and Aaron Wealth Advisors LLC. Insiders that own company stock include David Goeckeler, Irving Tan, Vidyadhara K Gubbi, Robert Soderbery, Cynthia L Tregillis, Gene M Zamiska and Kimberly Alexy.
View institutional ownership trends.

How do I buy shares of Western Digital?

Shares of WDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Western Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Western Digital investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Visa (V) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 7/30/2025
• Record date for 9/18 Dividend: 9/04/2025
• Ex-Dividend for 9/18 Dividend: 9/04/2025
• Dividend Payable: 9/18/2025
• Today: 10/05/2025
• Next Earnings (Estimated): 10/23/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: COMP - STORAGE DE
• Sub-Industry: Computer Storage & Peripherals
• Current Symbol: NASDAQ:WDC
• CIK: 106040
• Web: www.westerndigital.com
• Phone: (408) 717-6000
• Fax: 949-672-5408
• Employees: 40,000
• Year Founded: 1970

Price Target and Rating

• Average Price Target for Western Digital: $91.47
• High Price Target: $141.00
• Low Price Target: $53.00
• Potential Upside/Downside: -30.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.74
• Research Coverage: 23 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.15
• Trailing P/E Ratio: 25.50
• Forward P/E Ratio: 26.85
• P/E Growth: 1.1
• Net Income: $1.89 billion
• Net Margins: 14.13%
• Pretax Margin: 11.87%
• Return on Equity: 24.93%
• Return on Assets: 10.59%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 1.08
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $9.52 billion
• Price / Sales: 4.81
• Cash Flow: $6.05 per share
• Price / Cash Flow: 21.70
• Book Value: $15.22 per share
• Price / Book: 8.63

Miscellaneous

• Outstanding Shares: 348,880,000
• Free Float: 347,831,000
• Market Cap: $45.81 billion
• Optionable: Optionable
• Beta: 1.77