Western Digital (NASDAQ:WDC) Stock Sale Disclosed by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Western Digital Corporation (NASDAQ:WDC). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Western Digital stock on September 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/1/2026.
• Sold $1,001 – $15,000 in shares of Oxford Industries (NYSE:OXM) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 9/29/2026.
• Sold $15,001 – $50,000 in shares of ITT (NYSE:ITT) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of YETI (NYSE:YETI) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of AtriCure (NASDAQ:ATRC) on 9/29/2026.

Western Digital Trading Down 1.6%

Western Digital stock opened at $380.71 on Wednesday. Western Digital Corporation has a 52 week low of $112.52 and a 52 week high of $799.87. The stock has a market cap of $142.51 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.64 and a beta of 2.11. The stock has a 50 day moving average of $449.90 and a 200-day moving average of $476.64.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.25. Western Digital had a return on equity of 48.15% and a net margin of 72.95%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period last year, the firm earned $1.66 earnings per share. The company’s revenue for the quarter was up 43.8% compared to the same quarter last year. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, equities analysts predict that Western Digital Corporation will post 19.65 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, September 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Western Digital’s dividend payout ratio is currently 2.48%.

Key Western Digital News

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

• Positive Sentiment: Western Digital’s AI and cloud-storage outlook remains a key bullish factor. Recent coverage highlights demand for high-capacity hard drives supporting data centers and AI workloads, while management’s fiscal 2027 outlook points to continued growth. Western Digital AI-fueled outlook article
• Positive Sentiment: The company’s latest quarterly performance exceeded expectations, with earnings and revenue above consensus and year-over-year revenue growth of 43.8%. Analysts expect substantial bottom-line growth in the upcoming report, and Western Digital has guided to approximately $3.85–$4.15 in fiscal first-quarter EPS. Western Digital earnings preview
• Neutral Sentiment: Investors are positioning ahead of Western Digital’s fiscal first-quarter earnings release, expected on October 22. The report will be important for determining whether strong demand, pricing and margins can persist. Western Digital price-target and supply concerns article
• Negative Sentiment: UBS lowered its price target while maintaining a neutral rating, citing uncertainty about hard-disk-drive supply capacity and future pricing. Investors are questioning whether current demand and margin strength are sustainable if storage prices weaken. UBS cuts Western Digital price target
• Negative Sentiment: China’s CXMT has reported progress on denser server-memory designs, intensifying competitive pressure across memory and storage stocks. Broader concerns about slowing or inefficient AI investment have also driven a sector-wide technology selloff, weighing on WDC. Western Digital memory-market pressure article
• Negative Sentiment: Reported insider activity shows selling rather than purchases by company insiders over the past six months, adding a cautionary signal for investors even as institutional ownership activity has been mixed. Western Digital insider activity article

Analyst Upgrades and Downgrades

WDC has been the topic of a number of analyst reports. Zacks Research cut shares of Western Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. The Goldman Sachs Group reduced their target price on shares of Western Digital from $650.00 to $615.00 in a research note on Thursday, August 6th. Susquehanna boosted their target price on shares of Western Digital from $360.00 to $500.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of Western Digital from $650.00 to $715.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein raised their price target on shares of Western Digital from $590.00 to $770.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $618.63.

Institutional Investors Weigh In On Western Digital

Several hedge funds and other institutional investors have recently bought and sold shares of WDC. Handelsbanken Fonder AB lifted its stake in Western Digital by 71.4% in the second quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock valued at $147,275,000 after acquiring an additional 96,078 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Western Digital in the 2nd quarter valued at about $19,694,000. NewEdge Wealth LLC bought a new stake in shares of Western Digital in the 2nd quarter valued at about $14,466,000. OneAscent Financial Services LLC bought a new stake in shares of Western Digital in the 2nd quarter valued at about $1,599,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Western Digital in the 2nd quarter valued at about $8,307,000. 92.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Vidyadhara K. Gubbi sold 1,795 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $459.87, for a total value of $825,466.65. Following the sale, the insider owned 80,571 shares in the company, valued at approximately $37,052,185.77. This represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the completion of the transaction, the chief executive officer owned 575,966 shares in the company, valued at approximately $256,287,591.02. This represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 25,437 shares of company stock worth $11,461,345. Company insiders own 0.20% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Western Digital

Western Digital Corporation (NASDAQ: WDC) develops, manufactures and supplies data-storage products and solutions. The company’s portfolio is centered on hard disk drives (HDDs) used in cloud and enterprise data centers, personal computers, network-attached storage systems and other applications that require high-capacity data storage.

Western Digital markets products under brands including Western Digital, WD and Ultrastar. Its offerings include enterprise and data-center HDDs, storage products for business and consumer systems, and related technologies designed to help organizations store, manage and access large volumes of data.

Founded in 1970, Western Digital has evolved from a maker of electronic components into a global data-storage company.