Rep. Gilbert Ray Cisneros, Jr. Acquires Shares of Western Digital Corporation (NASDAQ:WDC)

Posted by Casey Walker on Sep 8th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Western Digital Corporation (NASDAQ:WDC). In a filing disclosed on September 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Western Digital stock on July 17th. 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 Mesabi Trust (NYSE:MSB) on 7/31/2026.
Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Western Digital Stock Up 4.1%

Shares of NASDAQ:WDC traded up $19.14 on Tuesday, hitting $486.60. 3,261,844 shares of the company traded hands, compared to its average volume of 8,661,592. Western Digital Corporation has a 52 week low of $92.70 and a 52 week high of $799.87. The company has a market cap of $167.72 billion, a PE ratio of 20.12, a PEG ratio of 1.98 and a beta of 2.13. The stock has a 50 day simple moving average of $502.34 and a 200-day simple moving average of $448.16.

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

Western Digital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital’s dividend payout ratio is currently 2.48%.

Insider Activity at Western Digital

In related news, insider Cynthia L. 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 value of $481,708.52. Following the completion of the sale, the insider owned 112,155 shares of the company’s stock, valued at approximately $53,650,465.80. The trade was a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value 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 trade represents a 3.36% decrease in their position. 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 three months, insiders sold 23,210 shares of company stock worth $10,440,960. 0.18% of the stock is owned by corporate insiders.

Western Digital News Roundup

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

Positive Sentiment: Strong free cash flow supports shareholder returns. Western Digital entered fiscal 2027 with improved cash generation and a net cash position, strengthening the case for continued buybacks and dividends. Sustained free cash flow could provide downside support and enhance per-share earnings over time. Can Western Digital’s Strong FCF Sustain Buybacks and Dividends?
Positive Sentiment: AI-related storage demand remains a long-term growth catalyst. The expansion of AI inference, agentic AI and other data-intensive workloads could increase demand for Western Digital’s hard-disk drives and storage products. Investors may view the company as a beneficiary of the broader AI infrastructure buildout beyond semiconductors and computing hardware. AI Data Explosion: Can WDC Become a Bigger Storage Winner?
Neutral Sentiment: Elevated investor attention may be amplifying trading activity. Western Digital has been among the stocks heavily searched by Zacks users, but search interest is not a fundamental catalyst by itself. The article offers general analysis rather than new company-specific guidance. Investors Heavily Search Western Digital Corporation

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of Western Digital from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Summit Insights downgraded shares of Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Mizuho set a $590.00 price objective on shares of Western Digital in a research note on Thursday, August 6th. Finally, Jefferies Financial Group set a $575.00 price objective on Western Digital in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $534.56.

View Our Latest Stock Analysis on Western Digital

Institutional Investors Weigh In On Western Digital

Several hedge funds have recently bought and sold shares of WDC. Rakuten Securities Inc. grew its position in Western Digital by 4,070.0% during the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after buying an additional 407 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Western Digital during the 2nd quarter valued at about $28,000. Dunhill Financial LLC acquired a new stake in shares of Western Digital during the 2nd quarter valued at about $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Western Digital in the 2nd quarter worth about $31,000. Finally, Valley Wealth Managers Inc. acquired a new position in Western Digital in the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 92.51% 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

(Get Free Report)

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.