Why Western Digital (WDC) Stock Is Up Today

Western Digital (WDC) is up 6.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a rebound in AI and storage-related hardware stocks after a sharp selloff last week, rather than a fresh company-specific announcement today. The move may also reflect investors continuing to reprice Western Digital after its late-October earnings beat, stronger profitability, dividend increase, and upbeat near-term revenue outlook.

Details:

Western Digital reported fiscal first-quarter 2027 revenue of $4.38 billion, up 55% year over year, with non-GAAP EPS of $4.64 in its October 22 earnings release.

Management said it expects fiscal second-quarter revenue growth of 66% to 72% year over year, signaling that demand for storage remains strong.

The company also raised its quarterly cash dividend by 17% to $0.175 per share, which reinforced confidence in cash generation and business momentum.

Today’s gain lines up with a broader recovery in beaten-down tech, memory, and AI infrastructure names, suggesting part of the move could be sector-driven rather than tied to a new filing or press release.

Sources:

Western Digital Investor Relations, SEC, Kiplinger

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WDC Insider Trading Activity

$WDC insiders have traded $WDC stock on the open market 112 times in the past 6 months. Of those trades, 0 have been purchases and 112 have been sales.

Here’s a breakdown of recent trading of $WDC stock by insiders over the last 6 months:

IRVING TAN (Chief Executive Officer) has made 0 purchases and 7 sales selling 20,000 shares for an estimated $8,899,329.
MARTIN I COLE has made 0 purchases and 88 sales selling 12,000 shares for an estimated $5,441,762.
CYNTHIA L TREGILLIS (Chief Legal Officer & Corp Sec) has made 0 purchases and 11 sales selling 5,509 shares for an estimated $2,593,450.
STEPHANIE A STREETER has made 0 purchases and 3 sales selling 5,600 shares for an estimated $2,519,280.
VIDYADHARA K GUBBI (Chief of Global Operations) has made 0 purchases and 2 sales selling 4,270 shares for an estimated $2,202,166.
BRUCE E KIDDOO sold 750 shares for an estimated $396,390

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$WDC Hedge Fund Activity

We have seen 940 institutional investors add shares of $WDC stock to their portfolio, and 905 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 17,007,789 shares (+inf%) to their portfolio in Q2 2026, for an estimated $10,863,214,990
INVESCO LTD. added 8,904,877 shares (+161.0%) to their portfolio in Q2 2026, for an estimated $5,687,723,037
FMR LLC added 5,586,170 shares (+21.5%) to their portfolio in Q3 2026, for an estimated $2,538,690,818
CAPITAL WORLD INVESTORS added 4,718,173 shares (+39.7%) to their portfolio in Q2 2026, for an estimated $3,013,591,458
D. E. SHAW & CO., INC. removed 3,799,531 shares (-66.6%) from their portfolio in Q2 2026, for an estimated $2,426,836,440
BLACKROCK, INC. removed 2,815,609 shares (-7.9%) from their portfolio in Q2 2026, for an estimated $1,798,385,780
AMERIPRISE FINANCIAL INC removed 2,376,343 shares (-41.2%) from their portfolio in Q2 2026, for an estimated $1,517,817,800

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$WDC Congressional Stock Trading

Members of Congress have traded $WDC stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $WDC stock by members of Congress over the last 6 months:

REPRESENTATIVE JOHN MCGUIRE sold up to $15,000 on 10/15.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/17 and 1 sale worth up to $15,000 on 09/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$WDC Price Targets

Multiple analysts have issued price targets for $WDC recently. We have seen 10 analysts offer price targets for $WDC in the last 6 months, with a median target of $650.0.

Here are some recent targets:

Mehdi Hosseini from Susquehanna set a target price of $500.0 on 07/08/2026
Wamsi Mohan from B of A Securities set a target price of $732.0 on 07/01/2026
C.J. Muse from Cantor Fitzgerald set a target price of $900.0 on 06/29/2026
Erik Woodring from Morgan Stanley set a target price of $650.0 on 06/15/2026
Harlan Sur from JP Morgan set a target price of $650.0 on 06/12/2026
Vijay Rakesh from Mizuho set a target price of $685.0 on 06/08/2026
Asiya Merchant from Citigroup set a target price of $685.0 on 06/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.