Key Points
- Insider sale: Western Digital insider Cynthia Tregillis sold 106 shares on May 21 at an average price of $458.87, trimming her stake by just 0.09%. The transaction was made under a pre-arranged Rule 10b5-1 plan.
- Strong quarterly results: Western Digital reported EPS of $2.72, beating estimates of $2.39, on revenue of $3.34 billion, also above expectations. Revenue jumped 45.5% from a year earlier, and the company raised its Q4 2026 EPS guidance to $3.10-$3.40.
- Dividend and analyst sentiment: The company increased its quarterly dividend to $0.15 from $0.13, while Wall Street remains generally positive with an average Moderate Buy rating and a $395.83 target price. Analyst price targets range from $375 to $470.
Western Digital Corporation (NASDAQ:WDC - Get Free Report) insider Cynthia Tregillis sold 106 shares of the company's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $458.87, for a total value of $48,640.22. Following the sale, the insider owned 118,443 shares of the company's stock, valued at $54,349,939.41. This trade represents a 0.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Western Digital Trading Down 0.4%
Shares of Western Digital stock opened at $484.28 on Friday. The stock has a fifty day simple moving average of $373.02 and a 200 day simple moving average of $268.41. Western Digital Corporation has a 12-month low of $49.00 and a 12-month high of $525.15. The company has a market capitalization of $166.92 billion, a P/E ratio of 28.91 and a beta of 2.10.
Western Digital (NASDAQ:WDC - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. Western Digital's revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, analysts predict that Western Digital Corporation will post 9.57 EPS for the current year.
Western Digital Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be given a $0.15 dividend. This is an increase from Western Digital's previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 5th. Western Digital's payout ratio is presently 2.99%.
Wall Street Analyst Weigh In
WDC has been the topic of several research analyst reports. Mizuho set a $470.00 price objective on Western Digital in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group reissued a "neutral" rating and issued a $400.00 price objective on shares of Western Digital in a research report on Friday, May 1st. UBS Group boosted their price objective on Western Digital from $350.00 to $375.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Finally, Zacks Research raised Western Digital from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Western Digital presently has an average rating of "Moderate Buy" and an average target price of $395.83.
View Our Latest Stock Report on Western Digital
Institutional Investors Weigh In On Western Digital
Several institutional investors have recently added to or reduced their stakes in the business. Summitry LLC purchased a new stake in Western Digital during the first quarter valued at about $231,000. Groupama Asset Managment lifted its holdings in Western Digital by 241.8% during the first quarter. Groupama Asset Managment now owns 9,595 shares of the data storage provider's stock valued at $2,595,000 after purchasing an additional 6,788 shares during the last quarter. BankChampaign National Association purchased a new stake in Western Digital during the first quarter valued at about $2,128,000. January Capital Advisors LLC purchased a new stake in Western Digital during the first quarter valued at about $241,000. Finally, Western Wealth Management LLC purchased a new stake in Western Digital during the first quarter valued at about $97,000. 92.51% of the stock is owned by hedge funds and other institutional investors.
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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