Western Digital Corporation (NASDAQ:WDC) has analysts on the Bullish side this week.

October 13, 2018 - By Peter Kolinski

Western Digital Corporation (NASDAQ:WDC) LogoInvestors sentiment increased to 1.25 in Q2 2018. Its up 0.27, from 0.98 in 2018Q1. It increased, as 61 investors sold Western Digital Corporation shares while 192 reduced holdings. 68 funds opened positions while 247 raised stakes. 234.39 million shares or 3.26% less from 242.29 million shares in 2018Q1 were reported.
239,750 are owned by Carlson Cap Ltd Partnership. Captrust Advsr accumulated 377 shares. Ironwood Lc invested in 203 shares. 34,007 are owned by Pub Sector Pension Board. Moreover, Panagora Asset Mgmt Inc has 0.46% invested in Western Digital Corporation (NASDAQ:WDC). Sei Invests Company holds 328,144 shares or 0.09% of its portfolio. Moreover, Neuberger Berman Gp Lc has 0.31% invested in Western Digital Corporation (NASDAQ:WDC) for 3.63 million shares. Amica Retiree Medical Tru holds 0.1% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 1,525 shares. Whitebox Advisors Limited Liability Company stated it has 0.04% in Western Digital Corporation (NASDAQ:WDC). Renaissance Technologies holds 0.24% or 2.38M shares. First Advsrs L P holds 1.47M shares or 0.24% of its portfolio. Herald Inv Ltd reported 8,440 shares. British Columbia Investment has invested 0.06% in Western Digital Corporation (NASDAQ:WDC). Carroll Assocs Inc holds 0% or 74 shares. 3,277 are held by Stratos Wealth Partners Limited.

Since May 4, 2018, it had 0 buys, and 9 selling transactions for $10.94 million activity. Shares for $556,051 were sold by DENERO HENRY T. Shares for $5.52 million were sold by Sivaram Srinivasan on Tuesday, May 29. On Tuesday, May 22 the insider Price Paula A sold $288,193. 11,542 shares valued at $991,202 were sold by LAMBERT MICHAEL D on Wednesday, May 16. $1.34M worth of Western Digital Corporation (NASDAQ:WDC) was sold by MILLIGAN STEPHEN D. LONG MARK P also sold $1.77M worth of Western Digital Corporation (NASDAQ:WDC) on Monday, July 30.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Among 16 analysts covering Western Digital (NASDAQ:WDC), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Western Digital had 21 analyst reports since April 23, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Monday, May 14 by J.P. Morgan. The firm earned “Buy” rating on Tuesday, July 10 by Standpoint Research. The rating was downgraded by Evercore to “In-Line” on Tuesday, September 4. The rating was maintained by Mizuho on Tuesday, May 15 with “Buy”. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Maxim Group on Friday, April 27. On Friday, April 27 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was maintained by Bank of America on Friday, July 27 with “Buy”. The firm has “Sector Perform” rating given on Tuesday, September 11 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 27. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, April 27. Below is a list of Western Digital Corporation (NASDAQ:WDC) latest ratings and price target changes.

01/10/2018 Broker: Mizuho Old Rating: Buy New Rating: Neutral Downgrade
11/09/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Old Target: $95 New Target: $70 Downgrade
04/09/2018 Broker: Evercore Old Rating: Outperform New Rating: In-Line Old Target: $100 New Target: $75 Downgrade
15/08/2018 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform Downgrade
30/07/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $115 New Target: $106 Maintain
27/07/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $120 New Target: $110 Maintain
27/07/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $90 New Target: $74 Maintain
27/07/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $114 New Target: $93 Maintain
27/07/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $120 New Target: $117 Maintain
10/07/2018 Broker: Standpoint Research Old Rating: Hold New Rating: Buy Upgrade

The stock increased 0.52% or $0.28 during the last trading session, reaching $54.41. About 3.37M shares traded. Western Digital Corporation (NASDAQ:WDC) has declined 36.28% since October 13, 2017 and is downtrending. It has underperformed by 51.90% the S&P500.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. The company has market cap of $15.79 billion. It offers performance hard disk drives that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments. It has a 24.73 P/E ratio. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.

More important recent Western Digital Corporation (NASDAQ:WDC) news were published by: Nasdaq.com which released: “Western Digital Corporation (WDC) Ex-Dividend Date Scheduled for September 27, 2018” on September 26, 2018, also Fool.com published article titled: “Is Seagate Technology a Buy?”, Benzinga.com published: “Mizuho Downgrades Lam Research, Western Digital, Remains Positive On Micron” on October 01, 2018. More interesting news about Western Digital Corporation (NASDAQ:WDC) was released by: Businesswire.com and their article: “Western Digital Releases Industry’s First 96-Layer 3D NAND UFS 2.1 Embedded Flash Drive for High-End Smartphones” with publication date: October 09, 2018.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>