Western Digital (NASDAQ:WDC) Director Sells $396,390.00 in Stock

May 30, 2026 by InsiderTrades.com

Key Points

Director Bruce Kiddoo sold 750 shares of Western Digital for about $396,390 on May 28, reducing his direct ownership by 16.12% to 3,903 shares.
Western Digital reported strong quarterly results, beating earnings and revenue estimates with EPS of $2.72 and revenue of $3.34 billion, up 45.5% year over year.
The company also raised its quarterly dividend to $0.15 per share from $0.13, while analysts remain broadly positive with a consensus rating of Moderate Buy.

Western Digital Corporation (NASDAQ:WDC - Get Free Report) Director Bruce Kiddoo sold 750 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the transaction, the director directly owned 3,903 shares of the company's stock, valued at $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Western Digital Price Performance

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WDC stock opened at $531.21 on Friday. The stock has a market capitalization of $183.10 billion, a P/E ratio of 31.71 and a beta of 2.10. The business has a 50-day moving average of $396.29 and a 200-day moving average of $281.03. Western Digital Corporation has a fifty-two week low of $51.17 and a fifty-two week high of $553.50.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.33. The company had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.Western Digital's revenue for the quarter was up 45.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts expect that Western Digital Corporation will post 9.57 EPS for the current year.

Western Digital Increases Dividend

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.1%. This is a boost from Western Digital's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. Western Digital's payout ratio is currently 3.58%.

Analyst Ratings Changes

Several research analysts recently commented on WDC shares. Morgan Stanley reissued an "overweight" rating and set a $488.00 price target on shares of Western Digital in a research report on Friday, May 1st. Bank of America increased their price target on Western Digital to $495.00 and gave the company a "buy" rating in a research report on Monday, April 27th. JPMorgan Chase & Co. increased their price target on Western Digital from $320.00 to $400.00 and gave the company an "overweight" rating in a research report on Thursday, April 16th. Sanford C. Bernstein raised Western Digital from a "market perform" rating to an "outperform" rating and set a $340.00 price target for the company in a research report on Tuesday, March 31st. Finally, Truist Financial set a $310.00 price target on Western Digital in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Western Digital presently has an average rating of "Moderate Buy" and an average target price of $413.50.

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Read Our Latest Report on Western Digital

Key Western Digital News

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

Positive Sentiment: Western Digital is benefiting from broad strength across memory and storage stocks, with investors betting that AI infrastructure demand will keep pricing and demand elevated for HDDs and SSDs. Not Just Micron: Memory Melt-Up Pulls SanDisk Up 8%, Western Digital Up 10%
Positive Sentiment: Coverage points to continued gross margin improvement, with Q3 gross margin jumping to 50.5% and Q4 guidance calling for 51%-52%, helped by higher-capacity drives, better pricing, and cost controls. Can Western Digital Deliver Continued Gross Margin Improvement?
Positive Sentiment: The company appointed former Nvidia executive Manuvir Das to its board, reinforcing the view that Western Digital is positioning itself more directly around AI and data-center growth opportunities. WD Appoints Manuvir Das to Board of Directors
Positive Sentiment: Recent commentary also highlighted Western Digital as underappreciated relative to peers, with hard disk drives still seen as critical to AI storage infrastructure. Western Digital Is Making the Right Moves Amid Fierce Momentum for Memory Stocks
Neutral Sentiment: One analyst piece argued Western Digital stacks up poorly versus peers like Micron, which could temper enthusiasm even as the broader sector remains strong. Western Digital Stacks Up Poorly To Peers Like Micron, Don't Buy Here
Neutral Sentiment: An insider sale by Cynthia Tregillis was disclosed, but it was small and made under a pre-arranged 10b5-1 plan, so it does not appear to be a major warning sign. SEC filing

Institutional Trading of Western Digital

Several institutional investors and hedge funds have recently bought and sold shares of WDC. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Western Digital by 12.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider's stock worth $6,281,000 after purchasing an additional 5,731 shares during the period. LBP AM SA bought a new position in shares of Western Digital during the third quarter worth approximately $641,000. AustralianSuper Pty Ltd bought a new position in shares of Western Digital during the third quarter worth approximately $34,244,000. Cantor Fitzgerald L. P. increased its stake in shares of Western Digital by 399.8% during the third quarter. Cantor Fitzgerald L. P. now owns 32,487 shares of the data storage provider's stock worth $3,900,000 after purchasing an additional 25,987 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of Western Digital by 75.4% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 9,465 shares of the data storage provider's stock worth $1,778,000 after purchasing an additional 4,068 shares during the period. Institutional investors own 92.51% of the company's stock.

About Western Digital

(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.