Western Digital CEO Irving Tan Buys Company Shares

Irving Tan, the Chief Executive Officer of Western Digital Corporation, purchased 52 shares of the company on June 20, 2026. This move comes as Tan shows personal confidence in the company's prospects.

Other Institutional Activity in Western Digital

Several major institutional investors have also made moves in Western Digital recently. BlackRock, Inc. increased its holdings by 259,704 shares, bringing its total to 35,769,222 shares valued at about $9.68 billion. Meanwhile, FMR LLC reduced its position by 2,170,383 shares, now holding 31,623,418 shares worth approximately $8.55 billion. Vanguard Capital Management LLC opened a new position with 22,034,861 shares, valued at $5.96 billion. JPMorgan Chase & Co boosted its stake by 3,216,183 shares, ending with 17,512,148 shares valued at $4.41 billion. Vanguard Portfolio Management LLC also initiated a new position with 17,172,653 shares, worth around $4.65 billion.

Western Digital Corporation Stock Up 45.6%

Shares of NasdaqGS:WDC traded near $737.4 on Tuesday. Western Digital has a market cap of approximately $252.5 billion, with a P/E ratio of 43.8 and a forward P/E of 40.6. The stock has a beta of 2.2, indicating greater volatility compared to the market. Over the past year, the stock has ranged from a low of $58.66 to a high of $799.87, with a 50-day moving average of $479.98 and a 200-day moving average of $266.11.

Recent Earnings

Western Digital reported revenue of $11.78 billion, with a growth rate of 45.5%. The company achieved a net margin of 55.3% and a return on equity of 85.9%. Its earnings per share stood at $16.72. The next earnings report is expected on July 29, 2026.

Dividend

Western Digital pays an annual dividend rate of $0.60, yielding 0.08%. The company's dividend payout ratio is a conservative 2.7%.

Insider Buying and Selling at Western Digital Corporation

On June 20, 2026, Irving Tan, CEO of Western Digital, purchased 52 shares. In the same period, Brian Scott Davis, Chief Sales & Marketing Officer, sold 961 shares at an average price of $746.23 without a pre-arranged plan.

Analysts Set New Price Targets

Morgan Stanley maintained its buy rating on June 15, 2026, with a price target of $650. JP Morgan and Mizuho also maintained buy ratings with targets of $650 and $685, respectively. Overall, analysts have a consensus buy recommendation with a mean target price of $554.13 based on 23 opinions.

About Western Digital Corporation

Western Digital Corporation, headquartered in San Jose, California, develops and sells data storage devices and solutions. The company, led by CEO Mr. Tiang Yew Tan, operates in the computer hardware sector, focusing on hard disk drive technology. With 40,000 employees, Western Digital serves markets across the Americas, Asia, Europe, the Middle East, and Africa, offering products such as internal and external drives, data center platforms, and accessories.

Bottom Line

The recent insider buying by CEO Irving Tan highlights his confidence in Western Digital's future. Institutional investors have also been active, with some increasing and others decreasing their positions. As always, it's important to remember that insider transactions are backward-looking and may not reflect current sentiment.