Western Digital (NASDAQ:WDC) Shares Bought Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros, Jr. purchased $1,001–$15,000 of Western Digital shares on July 17, according to a congressional disclosure. He also reported several other stock purchases and sales in late July.
• Western Digital reported stronger-than-expected quarterly results, with EPS of $3.56 and revenue of $3.75 billion; revenue rose 43.8% year over year. The company guided for first-quarter fiscal 2027 EPS of $3.85–$4.15.
• WDC opened at $467.46, while analysts maintain a consensus “Moderate Buy” rating and a $534.56 target price. The company also declared a $0.15 quarterly dividend, though its annualized yield is just 0.1%.

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 Performance

WDC stock opened at $467.46 on Tuesday. The firm has a market cap of $161.12 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.98 and a beta of 2.13. The firm has a 50-day simple moving average of $502.34 and a two-hundred day simple moving average of $448.16. Western Digital Corporation has a one year low of $91.43 and a one year high of $799.87.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its quarterly earnings data 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. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the firm earned $1.66 EPS. The company's quarterly revenue was up 43.8% compared to the same quarter last year. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, equities analysts predict that Western Digital Corporation will post 19.65 earnings per share for the current fiscal year.

Western Digital Announces Dividend

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

Hedge Funds Weigh In On Western Digital

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its stake in shares of Western Digital by 64,424.3% in the second quarter. California State Teachers Retirement System now owns 338,388,746 shares of the data storage provider's stock worth $216,135,660,000 after acquiring an additional 337,864,310 shares during the period. Norges Bank acquired a new stake in Western Digital during the 4th quarter worth about $788,729,000. Northern Trust Corp raised its stake in shares of Western Digital by 11.2% during the 3rd quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider's stock valued at $456,884,000 after buying an additional 384,103 shares during the last quarter. Soroban Capital Partners LP raised its stake in shares of Western Digital by 1,926.3% during the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider's stock valued at $195,882,000 after buying an additional 2,910,062 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Western Digital by 70.4% in the 4th quarter. AQR Capital Management LLC now owns 2,972,703 shares of the data storage provider's stock valued at $512,107,000 after buying an additional 1,228,661 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the completion of the transaction, the chief executive officer directly owned 575,966 shares of the company's stock, valued at $256,287,591.02. The trade was a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 1,007 shares of the stock in a transaction on Thursday, August 27th. The stock was 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. This trade represents 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. Insiders sold 23,210 shares of company stock worth $10,440,960 in the last 90 days. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

WDC has been the topic of several research analyst reports. Wall Street Zen downgraded Western Digital from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 16th. Weiss Ratings downgraded Western Digital from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. UBS Group decreased their price objective on shares of Western Digital from $560.00 to $525.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Summit Insights downgraded shares of Western Digital from a "buy" rating to a "hold" rating in a research report on Thursday, August 6th. Finally, Evercore reaffirmed an "outperform" rating and issued a $575.00 price target on shares of Western Digital in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Western Digital currently has a consensus rating of "Moderate Buy" and a consensus target price of $534.56.

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 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.

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