Irving Tan Sells Shares of Western Digital Corporation

Irving Tan, the Chief Executive Officer of Western Digital Corporation, sold 52 shares of the company on June 20, 2026. This transaction was not part of a pre-scheduled plan. Shares of Western Digital traded near $737.4 on Tuesday.

Insider Buying and Selling at Western Digital Corporation

On June 20, 2026, Irving Tan, CEO of Western Digital Corporation, sold 52 shares. Another executive, Brian Scott Davis, the Chief Sales and Marketing Officer, also made several trades on the same day, selling 961 shares at $746.23 each and buying 7 shares.

Other Institutional Activity in Western Digital Corporation

BlackRock, Inc. increased its holdings in Western Digital by 259,704 shares, bringing its total to 35,769,222 shares valued at approximately $9.68 billion. Meanwhile, FMR LLC reduced its stake by 2,170,383 shares, now holding 31,623,418 shares worth about $8.55 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, with 22,034,861 and 17,172,653 shares respectively. JPMorgan Chase & Co also added 3,216,183 shares, a 22.5% increase, bringing their holdings to 17,512,148 shares valued at $4.41 billion.

Western Digital Corporation Stock Up 45.6%

Shares of NasdaqGS:WDC traded near $737.4 on Tuesday. Western Digital Corporation has a market capitalization of approximately $252.5 billion and a P/E ratio of 43.8. The stock's 52-week range is between $58.66 and $799.87. It has a 50-day moving average of $479.98 and a 200-day moving average of $266.11. The company's debt-to-equity ratio is 17.81, indicating a higher level of debt compared to equity.

Recent Earnings

Western Digital reported revenue of $11.78 billion, with a growth rate of 45.5%. The company's net margin stands at 55.3%, and its return on equity is 85.9%. The next earnings report is expected on July 29, 2026.

Analysts Set New Price Targets

Several analysts have maintained their 'buy' ratings on Western Digital. On June 15, 2026, Morgan Stanley maintained its 'buy' rating with a price target of $650. JP Morgan also maintained a 'buy' rating with the same target on June 12. Mizuho and Citigroup set higher targets of $685 earlier in June. The consensus among 23 analysts is a 'buy' recommendation with a mean target price of $554.13.

About Western Digital Corporation

Western Digital Corporation is a major player in the technology sector, specializing in computer hardware. Headquartered in San Jose, California, the company develops and sells data storage devices and solutions, including hard disk drives for various markets worldwide. It collaborates with partners like Open Quantum Design to advance technology in fields such as quantum computing. Led by CEO Mr. Tiang Yew Tan, Western Digital employs around 40,000 people globally.

Bottom Line

Irving Tan's recent sale of shares in Western Digital Corporation is part of ongoing insider activity. Investors often keep an eye on such transactions for insights into executive sentiment. Meanwhile, institutional investors are actively adjusting their holdings in the company, and analysts continue to support the stock with 'buy' ratings. As always, remember that these filings are historical and may not reflect the current situation.