Rep. John McGuire Sells Off Shares of Western Digital Corporation (NASDAQ:WDC)

Representative John McGuire (Republican-Virginia) recently sold shares of Western Digital Corporation (NASDAQ:WDC). In a filing disclosed on November 6th, the Representative disclosed that they had sold between $1,001 and $15,000 in Western Digital stock on October 15th. The trade occurred in the Representative’s “MERRILL LYNCH SEP IRA” account.

Representative John McGuire also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 10/1/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 9/25/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 9/24/2026.
• Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 8/18/2026.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 8/18/2026.

Western Digital Stock Down 2.9%

WDC stock traded down $8.33 during trading on Tuesday, hitting $281.45. The company had a trading volume of 1,438,038 shares, compared to its average volume of 8,679,694. The firm has a 50-day moving average price of $403.36 and a 200-day moving average price of $419.21. Western Digital Corporation has a 12 month low of $132.43 and a 12 month high of $799.87. The stock has a market cap of $105.35 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.14 and a beta of 2.27.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.53. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.14 billion. Western Digital had a return on equity of 55.62% and a net margin of 69.20%. The business’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. Equities analysts expect that Western Digital Corporation will post 23.62 EPS for the current year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be given a $0.1750 dividend. This is a boost from Western Digital’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 4th. This represents a $0.70 annualized dividend and a yield of 0.2%. Western Digital’s dividend payout ratio is presently 2.33%.

Institutional Trading of Western Digital

Several institutional investors and hedge funds have recently bought and sold shares of WDC. Dogwood Wealth Management LLC boosted its position in Western Digital by 28.6% during the second quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock worth $57,000 after purchasing an additional 20 shares during the period. Legacy Wealth Asset Management LLC raised its position in shares of Western Digital by 1.0% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,302 shares of the data storage provider’s stock valued at $1,470,000 after purchasing an additional 22 shares during the period. Everpar Advisors LLC raised its position in shares of Western Digital by 1.8% in the second quarter. Everpar Advisors LLC now owns 1,442 shares of the data storage provider’s stock valued at $921,000 after purchasing an additional 25 shares during the period. Ares Financial Consulting LLC lifted its stake in shares of Western Digital by 45.5% during the 2nd quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock valued at $51,000 after buying an additional 25 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Western Digital by 2.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,390 shares of the data storage provider’s stock valued at $888,000 after buying an additional 28 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Activity at Western Digital

In related news, insider Vidyadhara Gubbi sold 1,795 shares of Western Digital stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $459.87, for a total value of $825,466.65. Following the completion of the transaction, the insider directly owned 80,571 shares in the company, valued at approximately $37,052,185.77. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cynthia Tregillis sold 1,007 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $478.36, for a total transaction of $481,708.52. Following the sale, the insider directly owned 112,155 shares in the company, valued at $53,650,465.80. The trade was a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,436 shares of company stock valued at $2,440,664. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WDC has been the topic of several analyst reports. Zacks Research upgraded shares of Western Digital from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 3rd. Wells Fargo & Company dropped their price objective on shares of Western Digital from $730.00 to $450.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Mizuho set a $490.00 target price on Western Digital in a report on Friday, October 23rd. Wedbush lifted their price target on Western Digital from $540.00 to $650.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, Argus cut their price target on Western Digital from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Western Digital has an average rating of “Moderate Buy” and an average target price of $591.04.

Trending Headlines about Western Digital

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

• Positive Sentiment: Analyst screens identify WDC among AI-related technology stocks with more than 100% potential upside. 3 Best AI Tech Stocks with 100%+ Upside, According to Analysts
• Positive Sentiment: Coverage points to AI-driven storage demand, stronger cloud revenue and adoption of higher-capacity hard drives as potential growth drivers, with expectations for strong fiscal 2027 growth. Is Western Digital Emerging as a Big Winner in the AI Storage Boom?
• Positive Sentiment: WDC was named a momentum pick, with the article citing earnings surprises and growth prospects. A separate report said storage stocks, including Western Digital, rebounded sharply from oversold levels. Arista Networks & 2 Momentum Stocks to Buy for Big Gains
• Neutral Sentiment: A comparison with Qualcomm notes WDC’s strong revenue momentum from cloud computing and data-storage demand, while framing both stocks as potential investments for 2027. Qualcomm vs. Western Digital: Which Tech Stock Is a Better Buy for 2027?
• Negative Sentiment: Levi & Korsinsky announced an investigation into possible fiduciary-duty breaches by certain company officers and directors. The announcement is an allegation, not a finding, but could weigh on sentiment. Shareholder Alert: Investigation Concerning Western Digital
• Negative Sentiment: Recent commentary notes WDC fell about 28% over five sessions before rebounding, underscoring volatility; Jim Cramer said he preferred Micron. Western Digital or Micron? Jim Cramer’s View

About Representative McGuire

John McGuire (Republican Party) is a member of the U.S. House, representing Virginia’s 5th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McGuire (Republican Party) is running for re-election to the U.S. House to represent Virginia’s 5th Congressional District. He declared candidacy for the 2026 election.

John McGuire was born in Richmond, Virginia. McGuire graduated from Henrico High School. He served as a U.S. Navy Seal from 1988 to 1998. His professional experience includes founding SEAL Team Physical Training Inc.

Western Digital Company Profile

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.