2 weeks Ago By ABMN Staff
Stock analysts at StockNews.com began coverage on shares of Western Digital ( NASDAQ:WDC – Get Free Report ) in a report issued on Wednesday. The brokerage set a “hold” rating on the data storage provider’s stock.
A number of other equities analysts have also weighed in on WDC. Robert W. Baird cut their target price on shares of Western Digital from $100.
00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Benchmark raised shares of Western Digital from a “hold” rating to a “buy” rating and set a $55.
00 price objective for the company in a report on Thursday, April 10th. Cantor Fitzgerald lowered their target price on shares of Western Digital from $95.00 to $65.
00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Mizuho cut their price target on Western Digital from $82.00 to $68.
00 and set an “outperform” rating for the company in a report on Thursday, April 10th. Finally, Bank of America decreased their price objective on Western Digital from $89.00 to $80.
00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One research 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. According to MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.68. Check Out Our Latest Stock Report on WDC Western Digital Trading Up 2.
5 % Western Digital ( NASDAQ:WDC – Get Free Report ) last released its earnings results on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share (EPS) 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 anticipate that Western Digital will post 4.
89 earnings per share for the current year. Insider Activity In related news, SVP Gene M. Zamiska sold 1,659 shares of the firm’s stock in a transaction dated Friday, March 7th.
The stock was sold at an average price of $41.36, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link . Corporate insiders own 0.
30% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently bought and sold shares of WDC. Norges Bank purchased a new stake in shares of Western Digital in the 4th quarter valued at $352,572,000.
AMF Tjanstepension AB bought a new stake in Western Digital in the fourth quarter worth $94,181,000. Vanguard Group Inc. grew its stake in shares of Western Digital by 3.
5% during the fourth quarter. Vanguard Group Inc. now owns 42,459,767 shares of the data storage provider’s stock valued at $2,531,876,000 after buying an additional 1,439,149 shares during the last quarter.
Freestone Grove Partners LP purchased a new position in shares of Western Digital in the fourth quarter worth about $68,950,000. Finally, Atalan Capital Partners LP bought a new stake in shares of Western Digital in the 4th quarter valued at about $62,612,000. 92.
51% of the stock is currently owned by institutional investors. Western Digital Company Profile ( 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.
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