Western Digital (NASDAQ:WDC) Stock Sale Revealed by Rep. John McGuire

Key Points

• Rep. John McGuire disclosed selling $1,001–$15,000 of Western Digital shares on October 15 from his Merrill Lynch SEP IRA.
• Western Digital beat quarterly expectations, reporting $4.64 in EPS and $4.38 billion in revenue; revenue rose 55.5% year over year.
• The company raised its quarterly dividend from $0.15 to $0.175 per share. Analysts’ average rating is “Moderate Buy,” with a consensus price target of $591.04.

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 Price Performance

Shares of Western Digital stock opened at $289.78 on Tuesday. The firm has a market cap of $108.47 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.14 and a beta of 2.27. The firm has a 50 day simple moving average of $403.36 and a 200 day simple moving average of $419.21. Western Digital Corporation has a fifty-two week low of $132.43 and a fifty-two week high of $799.87.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.53. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.14 billion. Western Digital had a return on equity of 55.62% and a net margin of 69.20%. The business's revenue for the quarter was up 55.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.78 EPS. On average, sell-side analysts expect that Western Digital Corporation will post 23.62 EPS for the current year.

Western Digital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be issued a $0.1750 dividend. This is an increase from Western Digital's previous quarterly dividend of $0.15. 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. Western Digital's dividend payout ratio (DPR) is 2.33%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded Western Digital from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 3rd. Wedbush raised their price target on Western Digital from $540.00 to $650.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Mizuho set a $490.00 price objective on Western Digital in a research report on Friday, October 23rd. BNP Paribas Exane boosted their price objective on Western Digital from $660.00 to $700.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Weiss Ratings cut Western Digital from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Western Digital currently has an average rating of "Moderate Buy" and a consensus price target of $591.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC increased its holdings in shares of Western Digital by 7.9% in the third quarter. Western Wealth Management LLC now owns 952 shares of the data storage provider's stock worth $433,000 after acquiring an additional 70 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of Western Digital by 2.2% during the third quarter. Silver Oak Securities Incorporated now owns 2,656 shares of the data storage provider's stock worth $1,207,000 after purchasing an additional 58 shares during the period. Thoroughbred Financial Services LLC bought a new position in shares of Western Digital during the 3rd quarter valued at about $868,000. Optas LLC lifted its holdings in shares of Western Digital by 18.9% during the 3rd quarter. Optas LLC now owns 904 shares of the data storage provider's stock valued at $411,000 after purchasing an additional 144 shares in the last quarter. Finally, Phoenix Financial Ltd. grew its position in shares of Western Digital by 128.4% in the 3rd quarter. Phoenix Financial Ltd. now owns 1,263 shares of the data storage provider's stock valued at $574,000 after purchasing an additional 710 shares during the period. 92.51% of the stock is currently owned by institutional investors.

Western Digital News Summary

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

Insider Activity at Western Digital

In related news, insider Cynthia Tregillis sold 1,007 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 112,155 shares of the company's stock, valued at approximately $53,650,465.80. This represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 firm'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 sale, the insider owned 80,571 shares in the company, valued at $37,052,185.77. This trade represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,436 shares of company stock valued at $2,440,664 over the last quarter. 0.20% of the stock is owned by insiders.

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.

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