Western Digital (NASDAQ:WDC) Insider Sells $194,918.40 in Stock

Key Points

• Insider Cynthia Tregillis sold 432 Western Digital shares for approximately $194,918 under a pre-arranged Rule 10b5-1 trading plan, reducing her holdings by 0.39% to 111,030 shares.
• Western Digital reported quarterly EPS of $3.56 and revenue of $3.75 billion, surpassing analyst estimates; revenue increased 43.8% year over year, and fiscal Q1 2027 EPS guidance is $3.85–$4.15.
• The stock traded at $477.30, while analysts maintained a “Moderate Buy” consensus with an average price target of $534.56. The company also declared a quarterly dividend of $0.15 per share.

Western Digital Corporation (NASDAQ:WDC - Get Free Report) insider Cynthia Tregillis sold 432 shares of the company's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $451.20, for a total value of $194,918.40. Following the completion of the sale, the insider owned 111,030 shares in the company, valued at approximately $50,096,736. This represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Stock Performance

WDC stock traded up $9.84 during midday trading on Tuesday, hitting $477.30. 6,389,724 shares of the stock were exchanged, compared to its average volume of 6,114,668. The stock's 50-day moving average price is $499.11 and its 200-day moving average price is $449.44. The stock has a market cap of $164.52 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.98 and a beta of 2.13. Western Digital Corporation has a fifty-two week low of $92.70 and a fifty-two week high of $799.87.

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

Western Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital's dividend payout ratio (DPR) is 2.48%.

Western Digital News Roundup

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

• Positive Sentiment: AI demand supports long-term growth prospects. Rising data volumes from AI inference, agentic AI and other emerging workloads could increase demand for Western Digital’s data-storage products, offering a potential structural growth catalyst. AI Data Explosion: Can WDC Become a Bigger Storage Winner?
• Positive Sentiment: Strong free cash flow may support shareholder returns. Western Digital entered fiscal 2027 with improved cash generation and a net cash position. Continued free-cash-flow returns through buybacks and dividends may strengthen the investment case and help support the stock. Can Western Digital's Strong FCF Sustain Buybacks and Dividends?
• Positive Sentiment: Western Digital showed relative strength during a weaker market session. The stock gained while the overall market dipped, suggesting continued investor demand for the company’s earnings momentum and AI-related storage opportunity. Why the Market Dipped But Western Digital Gained Today
• Neutral Sentiment: Investor attention is elevated. Western Digital was among the stocks heavily searched by Zacks users, which can increase near-term trading interest but does not by itself indicate improving fundamentals or guarantee continued gains. Investors Heavily Search Western Digital Corporation

Hedge Funds Weigh In On Western Digital

Several institutional investors and hedge funds have recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Western Digital in the 2nd quarter worth approximately $28,000. Dunhill Financial LLC acquired a new position in shares of Western Digital during the 2nd quarter valued at about $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Western Digital during the 2nd quarter valued at about $31,000. Gables Capital Management Inc. purchased a new position in shares of Western Digital during the 2nd quarter worth about $32,000. Finally, Ares Financial Consulting LLC lifted its holdings 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 worth $51,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 92.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Western Digital from $450.00 to $620.00 and gave the company an "overweight" rating in a research report on Wednesday, May 27th. Rosenblatt Securities reduced their target price 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. JPMorgan Chase & Co. increased their target price on Western Digital from $530.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, June 12th. Evercore reissued an "outperform" rating and set a $575.00 price target on shares of Western Digital in a research report on Tuesday, May 26th. Finally, Citigroup cut their price target on Western Digital from $800.00 to $740.00 and set a "buy" rating for the company in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Western Digital presently has a consensus rating of "Moderate Buy" and an average target price of $534.56.

Western Digital Company Profile

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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