Western Digital (NASDAQ:WDC) Insider Vidyadhara Gubbi Sells 4,674 Shares of Stock

Western Digital Corporation (NASDAQ:WDC) insider Vidyadhara Gubbi sold 4,674 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $443.19, for a total value of $2,071,470.06. Following the transaction, the insider owned 90,041 shares in the company, valued at approximately $39,905,270.79. This represents a 4.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Western Digital Price Performance

Shares of WDC opened at $465.26 on Wednesday. The stock’s 50-day moving average is $317.92 and its two-hundred day moving average is $237.27. The stock has a market cap of $160.37 billion, a PE ratio of 27.78, a P/E/G ratio of 0.91 and a beta of 2.10. Western Digital Corporation has a 12 month low of $43.60 and a 12 month high of $480.11.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.33. The company had revenue of $3.34 billion for 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%.The firm’s quarterly revenue was up 45.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, research analysts anticipate that Western Digital Corporation will post 8.68 earnings per share for the current year.

Western Digital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. Western Digital’s payout ratio is presently 2.99%.

Institutional Trading of Western Digital

Several hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. lifted its position in Western Digital by 9.2% in the first quarter. GHP Investment Advisors Inc. now owns 357 shares of the data storage provider’s stock worth $97,000 after purchasing an additional 30 shares during the period. Alps Advisors Inc. lifted its position in shares of Western Digital by 0.8% during the 4th quarter. Alps Advisors Inc. now owns 4,707 shares of the data storage provider’s stock valued at $811,000 after acquiring an additional 37 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its position in shares of Western Digital by 1.1% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 3,782 shares of the data storage provider’s stock valued at $1,023,000 after acquiring an additional 40 shares during the last quarter. Quadcap Wealth Management LLC lifted its position in shares of Western Digital by 2.1% during the 4th quarter. Quadcap Wealth Management LLC now owns 2,007 shares of the data storage provider’s stock valued at $346,000 after acquiring an additional 41 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its position in shares of Western Digital by 2.6% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,982 shares of the data storage provider’s stock valued at $341,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WDC. Zacks Research cut Western Digital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Sanford C. Bernstein upgraded Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price target on the stock in a research note on Tuesday, March 31st. Bank of America upped their price objective on Western Digital to $495.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wedbush restated an “outperform” rating and set a $325.00 price objective on shares of Western Digital in a research note on Monday, February 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $400.00 price objective on shares of Western Digital in a research note on Friday. Nineteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and an average price target of $395.83.

Trending Headlines about Western Digital

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

• Positive Sentiment: Q3 beat and upbeat guidance — WDC reported a Q3 EPS beat and raised its Q4 FY2026 EPS range, showing strong margin expansion and accelerating revenue tied to AI/data-center demand. Western Digital Stock Surges After Q3 Beat
• Positive Sentiment: Analyst bullishness & higher price targets — Multiple outlets and analysts have lifted targets (including big calls toward the $500+ area), reinforcing momentum and giving investors upside conviction. AI Boom Drives Western Digital Toward $500 Target
• Positive Sentiment: Dividend hike & valuation narratives — Coverage highlights a 20% dividend increase and improved valuation metrics tied to AI storage demand, attracting income and growth investors. Western Digital Valuation Check
• Positive Sentiment: Sector tailwind from SanDisk’s breakout — SanDisk (spun off from WDC) has surged, underscoring strong demand for memory/storage in AI data centers and supporting bullish sentiment across storage peers. SanDisk Spun Off From Western Digital
• Neutral Sentiment: Investor events & conference appearance — WDC presented at Barclays’ conference (transcript available), which helps transparency and investor outreach but is informational rather than catalytic. Barclays Conference Transcript
• Neutral Sentiment: Media coverage & screening interest — Multiple “is it a buy?” and trending-stock writeups (Zacks, Yahoo) are increasing visibility but don’t by themselves change fundamentals. Is Wall Street Bullish or Bearish on WDC?
• Negative Sentiment: Insider selling — CEO Irving Tan sold 20,000 shares under a pre-arranged Rule 10b5-1 plan (filing available); while planned sales are common and he retains a large stake, markets often view insider selling as a modest negative signal. Irving Tan SEC Filing
• Negative Sentiment: Additional insider sale — Insider Vidyadhara K. Gubbi sold 4,674 shares; another small reduction in insider holdings that may be noted by investors. V. Gubbi SEC Filing

About Western Digital

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.