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 Stock Down 1.6%
WDC stock opened at $380.71 on Wednesday. The firm has a market capitalization of $142.51 billion, a PE ratio of 15.73, a P/E/G ratio of 1.64 and a beta of 2.11. Western Digital Corporation has a twelve month low of $112.52 and a twelve month high of $799.87. The stock’s 50 day moving average is $449.90 and its 200-day moving average is $476.64.
Western Digital Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, September 8th. Western Digital’s dividend payout ratio (DPR) is currently 2.48%.
More Western Digital News
Here are the key news stories impacting Western Digital this week:
- Positive Sentiment: Western Digital’s recent growth story remains supported by strong demand for high-capacity drives, cloud infrastructure, and AI-related data storage. Analysts expect substantial year-over-year earnings growth in the upcoming report, while management previously projected approximately $4.1 billion in revenue and about $4.00 in non-GAAP EPS. Earnings Preview: What To Expect From Western Digital’s Report
- Positive Sentiment: Longer-term investor interest is being driven by the view that AI data-center expansion will require increasingly large storage capacity, potentially sustaining demand and pricing for Western Digital’s products. Is Western Digital’s AI-Fueled Outlook Reframing Its Role in Cloud Infrastructure Leadership?
- Neutral Sentiment: Investors are focused on the company’s fiscal first-quarter results, with reports indicating an earnings release later in October. The key questions will be whether strong demand and margins are holding up and whether fiscal 2027 growth expectations remain achievable. Should You Buy Sandisk Stock Before Oct. 29?
- Negative Sentiment: UBS cut its price target while maintaining a neutral rating, citing uncertainty about hard-disk-drive production capacity and future pricing. Investors are concerned that less favorable storage pricing could pressure Western Digital’s margins and make its recent momentum difficult to sustain. Western Digital slides as price-target cut and HDD supply concerns weigh on shares
- Negative Sentiment: Western Digital declined alongside major semiconductor and memory stocks after China’s CXMT highlighted progress in denser server-chip designs. The development revived concerns about intensifying Chinese competition, elevated AI-investment requirements, and the sustainability of current industry valuations. US chip stocks slide as China’s CXMT advances
- Negative Sentiment: Reported insider activity showed substantially more selling than buying over the past six months, adding another cautionary signal for investors ahead of earnings.
Institutional Trading of Western Digital
Several hedge funds have recently added to or reduced their stakes in WDC. Handelsbanken Fonder AB lifted its holdings in shares of Western Digital by 71.4% in the second quarter. Handelsbanken Fonder AB now owns 230,578 shares of the data storage provider’s stock worth $147,275,000 after buying an additional 96,078 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Western Digital in the 2nd quarter worth approximately $19,694,000. NewEdge Wealth LLC purchased a new stake in Western Digital in the 2nd quarter worth approximately $14,466,000. OneAscent Financial Services LLC bought a new position in Western Digital in the 2nd quarter valued at $1,599,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Western Digital in the second quarter worth $8,307,000. Institutional investors own 92.51% of the company’s stock.
Insider Buying and Selling at Western Digital
In other Western Digital news, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the sale, the chief executive officer owned 575,966 shares of the company’s stock, valued at $256,287,591.02. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara Gubbi sold 1,795 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $459.87, for a total transaction of $825,466.65. Following the completion of the transaction, the insider owned 80,571 shares in the company, valued at approximately $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,437 shares of company stock valued at $11,461,345 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.
Analyst Ratings Changes
WDC has been the subject of several analyst reports. Sanford C. Bernstein increased their target price on shares of Western Digital from $590.00 to $770.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Wells Fargo & Company boosted their price target on shares of Western Digital from $575.00 to $730.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Citigroup decreased their price objective on shares of Western Digital from $800.00 to $740.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Zacks Research cut shares of Western Digital from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Summit Insights cut shares of Western Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $618.63.
Check Out Our Latest Research Report on WDC
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.
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