Western Digital (WDC) Stock Price, News & Analysis

Company Overview

Western Digital Corporation (NASDAQ:WDC) is a leading provider of data storage solutions headquartered in San Jose, California. Since its founding in 1970, the company has evolved from a maker of discrete logic products and computer memory to a diversified global technology enterprise. Western Digital designs, manufactures and sells hard disk drives (HDDs), solid state drives (SSDs), flash memory cards, and USB flash drives under brands such as WD, SanDisk and G-Technology.

The company’s portfolio spans consumer, professional and enterprise markets. In the consumer segment, Western Digital offers portable and desktop external drives, high-performance SSDs for gaming and creative workloads, and removable media ranging from microSD cards to USB flash drives. On the enterprise side, it supplies cloud service providers, hyperscale data centers and business customers with high-capacity HDDs, NVMe SSDs and software-defined storage platforms engineered for reliability, speed and energy efficiency.

Operating in more than 100 countries, Western Digital maintains manufacturing and research facilities across North America, Asia and Europe, with major production sites in Malaysia, Thailand and China. The company collaborates with OEMs, system integrators and channel partners to embed storage solutions into PCs, networking equipment, surveillance systems, automotive infotainment products and Internet of Things (IoT) devices. Its global footprint supports a diverse customer base that includes consumers, enterprises, original equipment manufacturers and cloud infrastructure firms.

Leadership at Western Digital emphasizes innovation and strategic growth through research and development, as well as targeted acquisitions. In 2016, the company completed the acquisition of SanDisk Corporation, significantly enhancing its flash memory capabilities and bolstering its position in non-volatile memory technologies. Under the guidance of its executive team, Western Digital continues to invest in next-generation storage architectures, emerging memory technologies and software solutions designed to address the exponential growth of data in an increasingly digital world.

Key Stats

• Today's Range: $64.59 to $65.61
• 50-Day Range: $44.10 to $65.90
• 52-Week Range: $28.83 to $80.20
• Volume: 3.92 million shs
• Average Volume: 6.58 million shs
• Market Capitalization: $22.70 billion
• P/E Ratio: 12.32
• Dividend Yield: 0.61%
• Price Target: $63.26
• Consensus Rating: Moderate Buy

Western Digital Stock Analysis - MarketRank™

Western Digital scored higher than 90% of companies evaluated by MarketBeat, and ranked 90th out of 657 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 2.86, and is based on 18 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Western Digital has been the subject of 15 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 12.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Digital is 12.32, 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 37.24.

Price to Book Value per Share Ratio

Western Digital has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

9.95% of the float of Western Digital has been sold short.

Short Interest Ratio / Days to Cover

Western Digital has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Western Digital has recently increased by 10.36%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Western Digital has a dividend yield of 0.62%, 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 7.58%. 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

9.95% of the float of Western Digital has been sold short.

Short Interest Ratio / Days to Cover

Western Digital has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Western Digital has recently increased by 10.36%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.77

News Sentiment

Western Digital has a news sentiment score of 0.77. 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 0.66 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Western Digital this week, compared to 19 articles on an average week.

Search Interest

33 people have searched for WDC on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.

MarketBeat Follows

8 people have added Western Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 60% 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 $657,454.00 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 stock has increased by 9.1% and is now trading at $65.06.

How were Western Digital's earnings last quarter?

Western Digital Corporation (NASDAQ:WDC) announced its quarterly earnings results on Wednesday, April, 30th. The data storage provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.30. The firm's quarterly revenue was down 33.6% 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 authorized a share buyback program on Tuesday, May 13th 2025, which permits the company to buy back $2,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management 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 investors include Swedbank AB (0.06%), Mn Services Vermogensbeheer B.V. (0.04%), Gateway Investment Advisers LLC (0.03%) and Czech National Bank (0.02%). Insiders that own company stock include David Goeckeler, Irving Tan, Robert Soderbery, 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: 4/30/2025
• Record date for 6/18 Dividend: 6/04/2025
• Ex-Dividend for 6/18 Dividend: 6/04/2025
• Dividend Payable: 6/18/2025
• Today: 7/10/2025
• Next Earnings (Estimated): 7/30/2025
• 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: 51,000
• Year Founded: 1970

Price Target and Rating

• Average Price Target for Western Digital: $63.26
• High Price Target: $90.00
• Low Price Target: $40.00
• Potential Upside/Downside: -2.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 21 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.28
• Trailing P/E Ratio: 12.32
• Forward P/E Ratio: 13.30
• P/E Growth: N/A
• Net Income: -$798 million
• Net Margins: 13.33%
• Pretax Margin: 12.02%
• Return on Equity: 20.58%
• Return on Assets: 9.01%

Debt

• Debt-to-Equity Ratio: 0.95
• Current Ratio: 1.56
• Quick Ratio: 1.31

Sales & Book Value

• Annual Sales: $13.00 billion
• Price / Sales: 1.75
• Cash Flow: $0.87 per share
• Price / Cash Flow: 75.11
• Book Value: $33.13 per share
• Price / Book: 1.96

Miscellaneous

• Outstanding Shares: 348,880,000
• Free Float: 347,831,000
• Market Cap: $22.70 billion
• Optionable: Optionable
• Beta: 1.54