Western Digital (WDC) Stock Price, News & Analysis

Company Overview

Western Digital Corporation (NASDAQ: WDC) develops and supplies hard disk drives (HDDs) and related data-storage products. Its drives serve data centers and cloud providers, as well as businesses and consumers who need storage for computers, network-attached storage systems, surveillance and other applications. Its product brands include WD and Ultrastar.

Founded in 1970, the company began as an electronics and semiconductor business before expanding into data storage. In February 2025, Western Digital completed the separation of its flash-memory business into the independently traded SanDisk Corporation, leaving Western Digital focused on HDDs.

Western Digital serves customers around the world. Irving Tan became the company’s chief executive officer in March 2025.

Key Stats

• Today's Range: $301.71 to $319.00
• 50-Day Range: $263.78 to $482.28
• 52-Week Range: $132.43 to $799.87
• Volume: 3.71 million shs
• Average Volume: 8.68 million shs
• Market Capitalization: $118.85 billion
• P/E Ratio: 12.33
• Dividend Yield: 0.19%
• Price Target: $591.04
• Consensus Rating: Moderate Buy

Western Digital Stock Analysis - MarketRank™

Western Digital scored higher than 98% of companies evaluated by MarketBeat, and ranked 23rd out of 593 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Western Digital has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 2 strong buy ratings, 21 buy ratings, 5 hold ratings, and no sell ratings.

Upside Potential

Western Digital has a consensus price target of $591.04, representing about 86.9% upside from its current price of $316.29.

Amount of Analyst Coverage

Western Digital has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 69.64%

Earnings Growth

Earnings for Western Digital are expected to grow by 69.64% in the coming year, from $23.62 to $40.07 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Western Digital is 12.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Western Digital is 12.28, which means that it is trading at a less expensive P/E ratio than the Technology sector average P/E ratio of about 44.80.

Price to Earnings Growth Ratio

Western Digital has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Western Digital has a P/B Ratio of 12.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.19% of the float of Western Digital has been sold short.

Short Interest Ratio / Days to Cover

Western Digital has a short interest ratio ("days to cover") of 2.14, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Western Digital has recently decreased by 0.38%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Western Digital has a dividend yield of 0.21%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Western Digital does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Western Digital is 2.33%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Western Digital will have a dividend payout ratio of 1.50% next year. This indicates that Western Digital will be able to sustain or increase its dividend.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.54

News Sentiment

Western Digital has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Technology companies.

News Coverage This Week

MarketBeat has tracked 48 news articles for Western Digital this week, compared to 9 articles on an average week.

Search Interest

Only 127 people have searched for WDC on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.

MarketBeat Follows

73 people have added Western Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 121% compared to the previous 30 days.

Company Ownership

• Score: 1.4 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Western Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,340,064.00 in company stock.

Percentage Held by Insiders

0.20% of the stock of Western Digital is held by insiders.

Percentage Held by Institutions

92.51% of the stock of Western Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Record date for 9/17 Dividend: 9/08/2026
• Ex-Dividend for 9/17 Dividend: 9/08/2026
• Dividend Payable: 9/17/2026
• Last Earnings: 10/22/2026
• Today: 11/11/2026
• AGM 2026: 11/20/2026
• Record date for 12/17 Dividend: 12/04/2026
• Ex-Dividend for 12/17 Dividend: 12/04/2026
• Dividend Payable: 12/17/2026
• Fiscal Year End: 6/30/2027

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Technology Hardware, Storage & Peripherals
• Sub-Industry: Technology Hardware, Storage & Peripherals
• Current Symbol: NASDAQ:WDC
• CIK: 106040
• Web: www.westerndigital.com
• Phone: (408) 717-6000
• Fax: 949-672-5408
• Employees: 40,000
• Year Founded: 1970

Price Target and Rating

• Average Price Target for Western Digital: $591.04
• High Price Target: $1,050.00
• Low Price Target: $200.00
• Potential Upside/Downside: +85.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.89
• Research Coverage: 28 Analysts

Profitability

• EPS (Trailing Twelve Months): $25.77
• Trailing P/E Ratio: 12.34
• Forward P/E Ratio: 7.95
• P/E Growth: 1.02
• Net Income: $9.42 billion
• Net Margins: 69.20%
• Pretax Margin: 73.24%
• Return on Equity: 55.62%
• Return on Assets: 33.13%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.43
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $12.92 billion
• Price / Sales: 9.23
• Cash Flow: $13.46 per share
• Price / Cash Flow: 23.65
• Book Value: $24.97 per share
• Price / Book: 12.75

Miscellaneous

• Outstanding Shares: 374,320,000
• Free Float: 373,574,000
• Market Cap: $119.19 billion
• Optionable: Optionable
• Beta: 2.27