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

Western Digital Corporation (NASDAQ:WDC - Get Free Report) insider Cynthia Tregillis sold 363 shares of Western Digital stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $377.09, for a total value of $136,883.67. Following the completion of the transaction, the insider owned 120,023 shares in the company, valued at $45,259,473.07. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Western Digital Price Performance

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NASDAQ:WDC opened at $389.10 on Thursday. The stock has a market cap of $131.92 billion, a P/E ratio of 39.03, a PEG ratio of 0.81 and a beta of 1.77. Western Digital Corporation has a one year low of $37.47 and a one year high of $402.00. The company has a fifty day moving average price of $299.66 and a 200 day moving average price of $221.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19.

Western Digital (NASDAQ:WDC - Get Free Report) last released its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.93 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business's quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.77 EPS. Analysts anticipate that Western Digital Corporation will post 8.47 earnings per share for the current year.

Western Digital Announces Dividend

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The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Thursday, March 5th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, March 5th. Western Digital's dividend payout ratio is presently 5.02%.

Institutional Trading of Western Digital

Institutional investors have recently made changes to their positions in the business. ORG Partners LLC boosted its position in shares of Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider's stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider's stock valued at $27,000 after acquiring an additional 407 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Western Digital by 551.4% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider's stock valued at $29,000 after acquiring an additional 204 shares in the last quarter. Westfuller Advisors LLC acquired a new stake in shares of Western Digital during the 3rd quarter valued at about $30,000. Finally, Avion Wealth boosted its position in shares of Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider's stock valued at $31,000 after acquiring an additional 113 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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Several research firms recently commented on WDC. Weiss Ratings upgraded shares of Western Digital from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 2nd. UBS Group raised their price objective on Western Digital from $285.00 to $350.00 and gave the stock a "neutral" rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on Western Digital from $320.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. Bank of America raised their price objective on Western Digital from $375.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Finally, The Goldman Sachs Group set a $250.00 price objective on Western Digital in a research report on Tuesday, February 3rd. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $310.79.

Read Our Latest Stock Report on WDC

Western Digital News Roundup

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

• Positive Sentiment: Barclays raised its coverage and boosted WDC’s price target to $405 with an Overweight rating, reinforcing institutional buy-side momentum and supporting the rally. Barclays raises price target to $405
• Positive Sentiment: JPMorgan (and Morgan Stanley commentary) flagged WDC as a top memory/storage idea and JPMorgan raised its price target to $400, adding credibility to the upside case and likely driving buy-side flows. JPMorgan and Morgan Stanley Bullish on Western Digital (WDC)
• Positive Sentiment: Analyst coverage has broadly shifted positive — Evercore and other shops have published bullish notes and the street consensus sits around a “moderate buy,” helping sustain momentum into new highs. Analyst consensus and Evercore note
• Positive Sentiment: Sector bullishness from continued AI-driven memory demand (Micron coverage and broader commentary) is lifting peers like WDC as investors price in stronger near‑term storage demand and higher margins. Stock Market Today, April 22: Micron Technology Surges on Continued Memory Boom
• Neutral Sentiment: Western Digital published its FY2025 Annual Sustainability Report emphasizing efficiency and sustainability for AI-scale storage — a message that can help institutional ESG positioning but has limited immediate revenue impact. WD Raises the Bar on Sustainable Infrastructure
• Neutral Sentiment: Management will be participating in several investor conferences (Barclays, J.P. Morgan, Bank of America) in May–June, which provides additional chances for guidance clarity and analyst engagement — important but informational. WD to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Memory-focused ETF flows (first dedicated memory ETF reaching ~$1B AUM) show strong demand for the group, which benefits WDC as a large-cap exposure to the theme but may amplify volatility. Memory ETF hits $1B AUM
• Negative Sentiment: Zacks and other commentators note WDC’s rapid run (to a 52-week high) leaves valuation stretched and raises the risk of a pullback if AI demand growth or margin assumptions disappoint. That makes timing entry points and position sizing more important. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52-Week High?
• Negative Sentiment: Comparative analysis (SanDisk vs Western Digital) highlights NAND-focused peers with different end-market exposure; investors worried about longer-term NAND vs HDD secular trends may prefer competitors, which could cap WDC’s multiple over time. SanDisk vs. Western Digital: Which Memory Storage Stock Is the Better Buy?

Western Digital Company Profile

(Get Free Report)

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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