Western Digital (NASDAQ:WDC) Shares Sold by Rep. John McGuire

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 Up 9.9%

Shares of Western Digital stock opened at $289.78 on Tuesday. The company has a market cap of $108.47 billion, a P/E ratio of 11.24, a PEG ratio of 1.14 and a beta of 2.27. The firm’s 50 day moving average price is $403.36 and its 200-day moving average price is $419.21. Western Digital Corporation has a 52-week low of $132.43 and a 52-week high of $799.87.

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

Western Digital Increases Dividend

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

Hedge Funds Weigh In On Western Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of WDC. Legal & General Group Plc bought a new position in shares of Western Digital during the 2nd quarter worth approximately $1,602,927,000. Anther Capital Ltd bought a new stake in shares of Western Digital in the 2nd quarter worth approximately $901,601,000. Deutsche Bank AG purchased a new position in shares of Western Digital during the 2nd quarter valued at $885,565,000. Value Aligned Research Advisors LLC bought a new position in Western Digital in the 1st quarter worth about $350,403,000. Finally, Renaissance Technologies LLC grew its position in shares of Western Digital by 15.5% during the 1st quarter. Renaissance Technologies LLC now owns 1,146,133 shares of the data storage provider’s stock valued at $310,018,000 after purchasing an additional 153,600 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling at Western Digital

In related news, insider Cynthia L. Tregillis sold 807 shares of the stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $380.00, for a total value of $306,660.00. Following the completion of the transaction, the insider directly owned 108,928 shares of the company’s stock, valued at $41,392,640. This represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. 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 sale, the insider owned 80,571 shares in the company, valued at $37,052,185.77. This represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,436 shares of company stock worth $2,440,664. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

WDC has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Western Digital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. UBS Group reiterated a “buy” rating and issued a $625.00 price target on shares of Western Digital in a research note on Friday, October 23rd. Morgan Stanley set a $668.00 price objective on Western Digital and gave the company an “overweight” rating in a report on Friday, October 23rd. Citigroup cut their price objective on Western Digital from $740.00 to $660.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Finally, Wall Street Zen downgraded Western Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $591.04.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Western Digital is benefiting from demand for AI and cloud storage, including adoption of higher-capacity hard drives; the article points to strong cloud revenue and favorable fiscal 2027 growth prospects. Is Western Digital Emerging as a Big Winner in the AI Storage Boom?
• Positive Sentiment: WDC was named among momentum stocks to buy, supported by earnings surprises and growth projections—an endorsement that may attract investors seeking growth. Arista Networks & 2 Momentum Stocks to Buy for Big Gains
• Neutral Sentiment: Storage shares have bounced from oversold lows after a steep sector sell-off. WDC’s rebound follows a roughly 28% decline over the five sessions through November 6, leaving the stock volatile. Western Digital or Micron? Jim Cramer Says “I Think Micron’s a Better Company.” Here’s the Test
• Negative Sentiment: Jim Cramer’s view that Micron is the better company could weigh on WDC relative to its peer, even as both companies operate in the storage and memory markets. Western Digital or Micron? Jim Cramer Says “I Think Micron’s a Better Company.” Here’s the Test

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.

About Western Digital

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.