Economy

Research Report for Investors: Western Digital Corporation (NASDAQ:WDC)

Research Report for Investors: Western Digital Corporation (NASDAQ:WDC)”

Capital Analysts LLC bought a new position in shares of Western Digital during the 2nd quarter worth $2,777,000. Commonwealth Bank & Trust Of Aus accumulated 16,321 shares. Parus Finance Uk Ltd who had been investing in Vipshop Hldgs Ltd for a number of months, seems to be bullish on the $4.82B market cap company. Janus Henderson Group PLC now owns 1,994,833 shares of the data storage provider's stock worth $176,746,000 after purchasing an additional 1,164,954 shares during the last quarter. Western Digital Corporation has a 52 week low of $65.08 and a 52 week high of $95.77. It has outperformed by 109.15% the S&P500.

Daiwa Sb Investments Ltd increased Western Digital Corp (WDC) stake by 14.68% reported in 2017Q2 SEC filing. Meiji Yasuda Life Insur holds 12,100 shares. Lombard Odier Asset Management (Switzerland) Sa holds 0.17% or 16,404 shares. Sales for the past 5 years for Western Digital Corporation is 8.90%. The stock kicked off the session at $103.99 and later approached $102.84 with a change of -0.75%. About 4.50 million shares traded. Vipshop Holdings Limited (NYSE:VIPS) has risen 27.19% since December 7, 2016 and is uptrending. It has outperformed by 1.65% the S&P500. The company's quarterly revenue was up 9.9% compared to the same quarter last year. equities analysts anticipate that Western Digital Corporation will post 12.01 earnings per share for the current year. Therefore 79% are positive. Also, the current price highlights a discount of 85.85% to analysts' high consensus price target. The stock of Western Digital Corporation (NASDAQ:WDC) has "Buy" rating given on Thursday, September 8 by Mizuho. On Monday, July 10 the stock rating was maintained by Craig Hallum with "Buy". The firm has "Hold" rating by Jefferies given on Thursday, August 17.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Businesswire.com which released: "Western Digital Announces Successful $500 Million Increase in Revolver" on November 29, 2017, also Investorplace.com with their article: "Why Lower Memory Prices Will Hit Western Digital Corp Stock Hard" published on November 30, 2017, Businesswire.com published: "Western Digital Enables Mobile Data to Thrive with New Portfolio of 3D NAND ..." on December 04, 2017. On Thursday, January 7 the stock rating was upgraded by Credit Agricole to "Buy". The stock of Western Digital Corporation (NASDAQ:WDC) has "Buy" rating given on Wednesday, June 21 by Maxim Group. The institutional investor held 155,439 shares of the electronic components company at the end of 2017Q2, valued at $13.77 million, down from 245,510 at the end of the previous reported quarter. Strategy Asset Managers Limited Liability holds 3,650 shares.

Turning to Western Digital Corporation (NASDAQ:WDC), its shares were trading at $78.56 a gain of $1.45, on the trading floor. State Street Corporation invested in 11.79 million shares or 0.09% of the stock. WDC's profit will be $993.83M for 5.84 P/E if the $3.36 EPS becomes a reality. Finally, Calamos Advisors LLC grew its position in shares of Western Digital by 2.7% during the 2nd quarter.

Since June 12, 2017, it had 0 insider purchases, and 1 insider sale for $962,385 activity. California State Teachers Retirement Systems stated it has 552,644 shares or 0.1% of all its holdings.

Investors sentiment increased to 1.12 in Q2 2017.

The Allstate Corporation (ALL) surprised the stock market in its last reported earnings when it earned $1.6 a piece versus the consensus-estimated $0.87. It improved, as 41 investors sold WDC shares while 243 reduced holdings. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Hillsdale Inv Mgmt Inc holds 0.1% or 5,560 shares. Nationwide Fund Advsr has 0.17% invested in Western Digital Corporation (NASDAQ:WDC) for 483,921 shares. Smith And Howard Wealth Lc has 0.11% invested in Western Digital Corporation (NASDAQ:WDC) for 2,676 shares. Following the completion of the sale, the insider now owns 75,385 shares of the company's stock, valued at approximately $6,687,403.35. Bellecapital Intll Ltd stated it has 1.68% in Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation (NASDAQ:WDC) has the Market Capitalization of 23.82 Billion.

Blackrock invested 0.09% in Western Digital Corporation (NASDAQ:WDC). Great West Life Assurance Can holds 299,771 shares.

The outstanding shares for Western Digital Corporation is 303.19 with a shares float of 293.85. Loews reported 149,910 shares. Blackrock owns 18.47 million shares. 6,331 were accumulated by Barry Invest Limited Liability Company. The target implies a 46.19% spike from where the shares are now trading. It also upped Mylan N V Shs Euro (NASDAQ:MYL) stake by 21,087 shares and now owns 36,711 shares. Fnb Corp/Pa (NYSE:FNB) was raised too.

Among 32 analysts covering CBS Corp (NYSE:CBS), 26 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Finally, Maxim Group reiterated a "buy" rating and set a $108.00 price target on shares of Western Digital in a research report on Wednesday, August 30th. The stock has "Buy" rating by Benchmark on Tuesday, May 3. The firm has "Buy" rating by Citigroup given on Friday, October 27. The rating was downgraded by Summit Redstone Partners on Wednesday, September 13 to "Hold". The rating was initiated by Bank of America with "Neutral" on Tuesday, September 20. Credit Suisse maintained the shares of CBS in report on Monday, February 22 with "Outperform" rating. The rating was maintained by Susquehanna with "Positive" on Monday, August 24.



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