Economy

Western Digital Corporation (WDC) Position Boosted by Riverhead Capital Management LLC

Summit Redstone reaffirmed a "hold" rating on shares of Western Digital Corporation in a research note on Wednesday. Maxim Group reissued a "buy" rating and issued a $108.00 price objective on shares of Western Digital Corporation in a research note on Wednesday, June 21st. UBS AG reissued a "neutral" rating and issued a $92.00 price objective (up from $90.00) on shares of Western Digital Corporation in a research note on Wednesday, June 28th. Loop Capital Markets initiated the shares of WDC in report on Monday, July 24 with "Buy" rating. $3.58M worth of Western Digital Corp (NASDAQ:WDC) was sold by Sivaram Srinivasan on Thursday, May 4.

Analyst's ratings play a very important role in outlining a stock's performance.

Western Digital Corporation (WDC) traded up 0.27% on Thursday, reaching $85.97. 647,256 shares of the company's stock traded hands. The stock's last price was higher from the average trading price of 50 days recorded at $87.97 while enlarging the period to 200 trading days, the average price was $81.57. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Suntrust Banks has invested 0% in Western Digital Corp (NASDAQ:WDC).

Novavax, Inc. most recently reported earnings per share (EPS) of -$0.16 for the June 2017 versus -$0.29 in the same quarter a year ago, representing -45% growth. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.82 billion. Western Digital Corporation had a return on equity of 21.23% and a net margin of 2.08%. The firm's quarterly revenue was up 38.5% on a year-over-year basis. As of the latest earnings report the EPS was $1.34 and is projected to be $12.54 for the current year with 292,000,000 shares now outstanding.

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Western Digital Corporation now has a P/E ratio of 63.99 and market capitalization is 25.04B. The company recently announced a dividend for shareholders to be paid on Monday October 16th, 2017. The firm has "Hold" rating given on Thursday, September 7 by Citigroup. This represents a $2.00 annualized dividend and a yield of 2.33%. Western Digital Corporation's dividend payout ratio is now 156.25%.

Stock has got OUTPERFORM rating from 13 analyst (s) whereas last month 14 analyst (s) have given outperform rating. The shares were sold at an average price of $84.53, for a total value of $1,213,681.74. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark P. Long sold 19,777 shares of the firm's stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $93.84, for a total value of $1,597,907.52. Following the completion of the transaction, the insider now owns 53,551 shares in the company, valued at approximately $5,046,646.24. The disclosure for this sale can be found here. Another trade for 27,137 shares valued at $2.31M was sold by CORDANO MICHAEL D. Shares for $1.86M were sold by DeMaria Jacqueline.

The following firms have recently changed their position in WDC.

Kensico Capital Management Corp increased Western Digital Corp (WDC) stake by 3.32% reported in 2016Q4 SEC filing. As of the end of the quarter Appaloosa Lp had bought a total of 1,270,000 shares growing its stake by 97.7%. In the last three months, insiders have sold 134,891 shares of company stock worth $11,854,827.

The co's performance for 6 months was surged of 9.05%, 1-year performance stands at -13.68% and year to date showing plunged performance of -17.61%. After $2.63 actual EPS reported by Western Digital Corp for the previous quarter, Wall Street now forecasts 14.07% EPS growth. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since September 14, 2016 and is uptrending. Arizona State Retirement System now owns 71,313 shares of the data storage provider's stock worth $5,885,000 after purchasing an additional 700 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of Western Digital Corporation by 16.9% during the 1st quarter. Eaton Vance Management now owns 41,869 shares of the data storage provider's stock valued at $3,710,000 after purchasing an additional 11,326 shares in the last quarter. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.



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