Economy

Western Digital Corporation (NASDAQ:WDC) Short Interest Update

American International Group Inc. now owns 10,109,982 shares of the data storage provider's stock worth $591,131,000 after buying an additional 489,981 shares in the last quarter.

Following previous thoughts, shifting focus on performance of the Western Digital Corporation (NASDAQ:WDC) that has shown a discernible change in trend levels over the path of recent market activity. Insiders have sold a total of 147,023 shares of company stock valued at $12,282,488 in the last ninety days. Princeton Portfolio Strategies Grp Incorporated Limited Liability Corporation owns 5,957 shares or 0.13% of their United States portfolio. The institutional investor owned 3,167,416 shares of the data storage provider's stock after selling 4,299 shares during the period. It is positive, as 49 investors sold Western Digital Corp shares while 223 reduced holdings.

Morgan Stanley (NYSE:MS) ended its day at $47.67 with the rising stream of 0.74% and its total traded volume was 7.92 million shares less than the average volume. Arizona State Retirement System raised its stake in shares of Western Digital Corporation by 1.0% in the first quarter. Cleararc Capital Inc. now owns 7,045 shares of the data storage provider's stock worth $581,000 after acquiring an additional 92 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Western Digital Corp by 19.2% in the fourth quarter. First Mercantile reported 0.07% of its portfolio in Western Digital Corp (NASDAQ:WDC).

The most current P/E ratio is 64.46 and market capitalization is 25.47B. For this WDC's 20 days and 50 days MA (moving average) comparison clear the blur picture. Company shares have been seen trading -8.93% off of the 52 week high and 39.66% away from the 52 week low. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since September 20, 2016 and is uptrending. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. This represents an increase of 292% compared to the average volume of 1,613 call options. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.82 billion. Western Digital Corp had a negative net margin of 2.56% and a positive return on equity of 13.38%. Western Digital Corporation's quarterly revenue was up 38.5% on a year-over-year basis.

Currently, EPS of Western Digital Corporation (WDC) is 2.93 while the analysts predicted the EPS of the stock to be 2.81 suggesting the company fell short of the analysts' expectations. The ex-dividend date will be Wednesday June 28th, 2017. This dividend represents a yield of $2.26. Western Digital Corp's dividend payout ratio is presently -133.33%.

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Several other equities research analysts also recently issued reports on the company. Finally, Norges Bank purchased a new position in shares of Western Digital Corp during the fourth quarter worth $168,304,000. Western Digital had 126 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies has "Buy" rating and $57 target. The mean target price as estimated by the analysts for the company has been recorded at $116.12. Royal Bank Of Canada reiterated a "buy" recommendation on stocks of Western Digital Corporation in a note on Mon, Jun 12th. Western Digital Corp (WDC)'s Williams %R presently stands at -61.15. Eight investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The company now has an average rating of Buy and a consensus price target of $96.93. CORDANO MICHAEL D had sold 27,137 shares worth $2.31M on Friday, April 7. Ancora Limited Liability Company accumulated 13,588 shares or 0.03% of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark P. Long sold 1,446 shares of the firm's stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $88.71, for a total transaction of $834,228.84. Glg Ltd Limited Liability Company stated it has 65,499 shares or 0.31% of all its holdings. The disclosure for this sale can be found here. Meiji Yasuda Asset Management Company Ltd sold 11,955 shares as Fifth Third Bancorp (FITB)'s stock declined 12.20%.

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry.



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