2 weeks Ago By ABMN Staff
Morgan Stanley started coverage on shares of Western Digital ( NASDAQ:WDC – Get Free Report ) in a report released on Wednesday, Marketbeat.com reports. The firm set an “overweight” rating and a $46.
00 price target on the data storage provider’s stock. Morgan Stanley’s price target points to a potential upside of 25.99% from the company’s previous close.
A number of other research firms also recently weighed in on WDC. Cantor Fitzgerald decreased their price objective on Western Digital from $95.00 to $65.
00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Rosenblatt Securities lowered their price target on Western Digital from $115.00 to $95.
00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company reissued a “neutral” rating on shares of Western Digital in a report on Friday, April 11th. Barclays lowered their target price on shares of Western Digital from $90.
00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, StockNews.
com started coverage on shares of Western Digital in a report on Wednesday. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company.
Based on data from MarketBeat, Western Digital presently has an average rating of “Moderate Buy” and an average target price of $73.68. Check Out Our Latest Stock Analysis on Western Digital Western Digital Price Performance Western Digital ( NASDAQ:WDC – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 29th.
The data storage provider reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.
36). Western Digital had a return on equity of 15.68% and a net margin of 9.
95%. Sell-side analysts predict that Western Digital will post 4.89 earnings per share for the current year.
Insider Buying and Selling In other Western Digital news, SVP Gene M. Zamiska sold 1,659 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $41.
36, for a total value of $68,616.24. Following the transaction, the senior vice president now directly owns 43,776 shares of the company’s stock, valued at approximately $1,810,575.
36. This trade represents a 3.65 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Corporate insiders own 0.30% of the company’s stock.
Institutional Trading of Western Digital Several institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. increased its holdings in Western Digital by 7.
0% in the fourth quarter. Mather Group LLC. now owns 2,416 shares of the data storage provider’s stock valued at $144,000 after purchasing an additional 159 shares during the last quarter.
Vontobel Holding Ltd. grew its position in shares of Western Digital by 1.4% during the 4th quarter.
Vontobel Holding Ltd. now owns 11,804 shares of the data storage provider’s stock worth $704,000 after buying an additional 164 shares during the period. BNP Paribas increased its stake in shares of Western Digital by 0.
6% in the 4th quarter. BNP Paribas now owns 26,415 shares of the data storage provider’s stock valued at $1,575,000 after acquiring an additional 166 shares during the last quarter. Inspire Investing LLC raised its position in shares of Western Digital by 4.
3% in the 4th quarter. Inspire Investing LLC now owns 4,324 shares of the data storage provider’s stock valued at $258,000 after acquiring an additional 177 shares during the period. Finally, Beta Wealth Group Inc.
boosted its stake in Western Digital by 2.5% during the 4th quarter. Beta Wealth Group Inc.
now owns 8,300 shares of the data storage provider’s stock worth $495,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.
About Western Digital ( Get Free Report ) Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications. Recommended Stories Receive News & Ratings for Western Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital and related companies with MarketBeat.
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