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

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 Price Performance

WDC opened at $364.10 on Thursday. Western Digital Corporation has a fifty-two week low of $113.50 and a fifty-two week high of $799.87. The firm has a market capitalization of $136.29 billion, a P/E ratio of 15.04, a PEG ratio of 1.61 and a beta of 2.11. The company’s 50-day moving average is $446.79 and its 200 day moving average is $477.28.

Western Digital (NASDAQ:WDC) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share 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 was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 EPS. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. On average, equities research analysts expect that Western Digital Corporation will post 19.65 earnings per share for the current year.

Western Digital Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Summit Insights cut Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on Western Digital from $650.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Melius Research set a $1,050.00 target price on Western Digital and gave the company a “buy” rating in a research report on Monday, June 29th. Morgan Stanley reiterated an “overweight” rating and set a $676.00 target price (up from $650.00) on shares of Western Digital in a research note on Thursday, August 6th. Finally, Cantor Fitzgerald boosted their price target on shares of Western Digital from $660.00 to $900.00 in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and a consensus target price of $618.63.

Insider Buying and Selling

In related news, insider Vidyadhara Gubbi sold 1,795 shares of the firm’s 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 sale, the insider directly owned 80,571 shares of the company’s stock, valued at $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cynthia Tregillis sold 1,007 shares of Western Digital stock in a transaction that occurred 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 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 ownership of the stock. 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 three months, insiders have sold 25,437 shares of company stock worth $11,461,345. Insiders own 0.20% of the company’s stock.

Institutional Trading of Western Digital

Several hedge funds have recently made changes to their positions in WDC. Legal & General Group Plc bought a new position in Western Digital in the 2nd quarter worth about $1,602,927,000. Anther Capital Ltd bought a new stake in shares of Western Digital during the 2nd quarter valued at about $901,601,000. Deutsche Bank AG purchased a new position in shares of Western Digital during the second quarter worth about $885,565,000. Value Aligned Research Advisors LLC purchased a new position in shares of Western Digital during the first quarter worth about $350,403,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Western Digital by 15.5% during the first quarter. Renaissance Technologies LLC now owns 1,146,133 shares of the data storage provider’s stock worth $310,018,000 after purchasing an additional 153,600 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

Key Stories Impacting Western Digital

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

• Positive Sentiment: Western Digital recently delivered stronger-than-expected results, with quarterly earnings and revenue exceeding consensus estimates. Revenue increased sharply year over year, and the company has issued solid fiscal first-quarter 2027 guidance. The upcoming earnings report, scheduled for October 22, will be important for confirming whether demand and margins remain strong. Western Digital earnings preview
• Positive Sentiment: Some analysts remain bullish, with previously published price targets substantially above the current trading range. One Wall Street analysis argues that repeated earnings beats and the stock’s recent decline could create significant rebound potential. Western Digital rebound analysis
• Neutral Sentiment: Western Digital has attracted increased investor attention, while institutional positioning remains mixed. Recent filings show both major purchases and significant reductions by large investment firms, offering no clear consensus on the stock’s near-term direction. Western Digital stock analysis
• Negative Sentiment: UBS lowered its price target while maintaining a neutral rating, citing uncertainty over HDD production capacity and future pricing. Investors are increasingly concerned that supply growth could pressure Western Digital’s margins and weaken the company’s earnings momentum ahead of its report. Western Digital price-target cut
• Negative Sentiment: China’s ChangXin Memory Technologies is targeting denser memory designs for server applications, raising fears of intensified competition in a highly profitable segment linked to AI data centers. The resulting semiconductor selloff has also affected Western Digital and other memory and storage stocks. China competition pressures memory stocks

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.