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

Western Digital Corporation (NASDAQ:WDC) insider Cynthia Tregillis sold 363 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $377.09, for a total value of $136,883.67. Following the sale, the insider directly owned 120,023 shares of the company’s stock, valued at approximately $45,259,473.07. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $403.12 on Friday. Western Digital Corporation has a 1-year low of $38.19 and a 1-year high of $416.37. The stock has a fifty day simple moving average of $302.04 and a two-hundred day simple moving average of $223.18. The firm has a market cap of $136.67 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.77. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the company posted $1.77 EPS. Western Digital’s revenue was up 25.2% compared to the same quarter last year. Analysts anticipate that Western Digital Corporation will post 8.47 earnings per share for the current 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 given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, March 5th. Western Digital’s dividend payout ratio is 5.02%.

Key Western Digital News

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

• Positive Sentiment: Wall Street price‑target raises and analyst upgrades (Barclays, JPMorgan, BofA and others) have driven buy interest and momentum into the earnings print. Read More.
• Positive Sentiment: Broader AI storage optimism — demand from cloud/AI customers and WDC’s high‑capacity HDD roadmap (40TB‑class drives in qualification) support expectations for stronger revenue and margin recovery. Read More.
• Positive Sentiment: Recent earnings history and near‑term expectations point to another beat — analysts and trade commentary highlight WDC’s ability to beat consensus, boosting investor positioning. Read More.
• Positive Sentiment: Peer/sector strength (Micron and memory group) and dedicated memory ETF flows are pulling large‑cap storage names like WDC higher as investors chase exposure to AI‑fuelled demand. Read More.
• Neutral Sentiment: Western Digital published its FY2025 sustainability report emphasizing energy efficiency and recycled‑content initiatives — helpful for ESG investor positioning but limited immediate revenue impact. Read More.
• Neutral Sentiment: Management will appear at multiple investor conferences (Barclays, J.P. Morgan, Bank of America) in May–June, which could provide clearer guidance and sustain analyst coverage. Read More.
• Positive Sentiment: SanDisk/diversified end‑market exposure (NAND + HDD + enterprise systems) is being highlighted as a revenue‑resilience factor versus pure NAND peers. Read More.
• Negative Sentiment: Rapid share gains have pushed valuation metrics higher; commentators warn a stretched multiple increases pullback risk if AI demand or margin assumptions disappoint. Read More.
• Negative Sentiment: Notable insider selling activity (disclosed Rule 10b5‑1 sales such as Cynthia Tregillis) is being flagged by trackers — routine for many executives but worth monitoring for signal/size. Read More.

Wall Street Analyst Weigh In

Several research firms recently commented on WDC. Rosenblatt Securities reaffirmed a “buy” rating and set a $340.00 target price on shares of Western Digital in a report on Wednesday, February 4th. Weiss Ratings upgraded Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Truist Financial set a $310.00 price objective on Western Digital in a research report on Tuesday, February 3rd. UBS Group raised their price objective on Western Digital from $285.00 to $350.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, The Goldman Sachs Group set a $250.00 price target on shares of Western Digital in a research report on Tuesday, February 3rd. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $310.79.

Institutional Trading of Western Digital

A number of large investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new stake in shares of Western Digital during the 1st quarter valued at about $47,000. Harbor Investment Advisory LLC grew its stake in Western Digital by 43.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 429 shares of the data storage provider’s stock worth $116,000 after acquiring an additional 129 shares in the last quarter. SMART Wealth LLC bought a new stake in Western Digital during the 1st quarter valued at $1,838,000. Premier Path Wealth Partners LLC purchased a new stake in Western Digital in the first quarter worth about $371,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Western Digital by 82.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,624 shares of the data storage provider’s stock worth $439,000 after purchasing an additional 733 shares during the period. Institutional investors own 92.51% of the company’s stock.

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.