Economy

Western Digital Corporation (NASDAQ:WDC) Undervalued by 29.5%

The stock increased 1.10% or $0.65 during the last trading session, reaching $59.87. The company's stock had a trading volume of 7,160,100 shares, compared to its average volume of 4,169,453. The Profit Margin for Western Digital Corporation NASDAQ WDC is now valued at 7.40% with a weekly performance figure of 0.18%.

Shares of Western Digital Corporation (NASDAQ:WDC) opened at $81.62 on Monday. The shares were sold at an average price of $90.63, for a total value of $181,260.00. Zions Bancorporation (ZION) has risen 48.85% since December 17, 2016 and is uptrending. It has outperformed by 7.70% the S&P500. We have $23.88 PT which if reached, will make NYSE:MSB worth $23.58 million less. Western Digital Corporation (WDC) now has 295790 shares outstanding, which means that its market capitalization is $24.39B. Los Angeles Capital Management & Equity Research Inc. now owns 1,185,315 shares of the data storage provider's stock worth $69,305,000 after buying an additional 1,069,889 shares during the last quarter. WDC's profit will be $993.84M for 6.07 P/E if the $3.36 EPS becomes a reality.

26 analysts on average are expecting Western Digital Corporation to report earnings of $2.81 per share for the current quarter.

Investors sentiment is 1.12 in 2017 Q2. Its the same as in 2017Q1. Los Angeles Capital Management And Equity Research reported 1.15M shares. Utah Retirement accumulated 53,426 shares. Aviance Mngmt Limited invested 0.09% in Western Digital Corporation (NASDAQ:WDC). Grantham Mayo Van Otterloo Ltd Liability Com reported 428,700 shares or 0.21% of all its holdings. Dimensional Fund LP reported 643,610 shares or 0.01% of all its holdings. Following the transaction, the director now owns 16,421 shares of the company's stock, valued at $1,488,235.23.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Investorplace.com which released: "Why Lower Memory Prices Will Hit Western Digital Corp Stock Hard" on November 30, 2017, also Livetradingnews.com with their article: "Western Digital Corp (NASDAQ:WDC) Advances 3.34% After Hours" published on December 13, 2017, Fortune.com published: "Western Digital Agrees to Stop Trying to Block Toshiba's $18 Billion Chip Unit ..." on December 08, 2017. Assets Cap Advisers stated it has 32,332 shares. "Reduces Stake in Western Digital Corporation (WDC)" was originally reported by StockNewsTimes and is owned by of StockNewsTimes. Karp Capital Mgmt invested in 0.13% or 3,050 shares. First Bancorporation Of Omaha owns 38,358 shares or 0.21% of their United States portfolio. Lumina Fund Ltd Llc has invested 0.06% in Western Digital Corporation (NASDAQ:WDC).

Evercore Wealth Management Llc, which manages about $4.87B and $2.59 billion US Long portfolio, upped its stake in Amazon Com Inc (NASDAQ:AMZN) by 337 shares to 60,852 shares, valued at $58.91M in 2017Q2, according to the filing. Deprince Race And Zollo owns 221,084 shares for 0.4% of their portfolio. In the last quarter, insiders have sold 14,638 shares of company stock valued at $1,281,914. On Thursday, August 3 the insider DeMaria Jacqueline sold $1.21 million. $234,190 worth of stock was sold by BHATIA MANISH H on Thursday, August 3. The financial metric shows Western Digital Corporation WDC 's ability to yield profits before leverage instead of using leverage. Sivaram Srinivasan sold $263,330 worth of stock or 3,098 shares. CORDANO MICHAEL D had sold 3,670 shares worth $302,975.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 25 have Buy rating, 1 Sell and 9 Hold. Therefore 50% are positive. Qs Limited has invested 0.06% of its portfolio in Western Digital Corporation (NASDAQ:WDC). The firm earned "Overweight" rating on Wednesday, September 20 by Morgan Stanley. Intrepid Capital Management Inc sold 91,315 shares as Western Digital Corp Com (WDC)'s stock rose 15.69%. RBC Capital Markets maintained the shares of WDC in report on Wednesday, May 31 with "Buy" rating. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the stock. This trend has crafted a unified opinion across the trading floor and it is clear that the overall guidance for the stock is now established as shows upbeat performance surged. The current value provides an indication to the investors the capital intensity of Western Digital Corporation WDC that will highly rely on the industry. 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.

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. The firm earned "Buy" rating on Sunday, October 8 by Mizuho. Investors of record on Friday, June 30th will be paid a $0.50 dividend.

Several other large investors also recently bought and sold shares of WDC. 112 funds opened positions while 612 raised stakes. Atria Investments invested in 0.16% or 45,930 shares. Valueworks Ltd has invested 2.17% in Mesabi Trust (NYSE:MSB). Assetmark holds 0% or 249 shares in its portfolio. Susquehanna Group Llp has 660,013 shares for 0.03% of their portfolio. Point72 Asia (Hong Kong) invested in 63 shares or 0.01% of the stock. It also reduced its holding in Vanguard Ftse Pacific Etf (VPL) by 17,864 shares in the quarter, leaving it with 1,755 shares, and cut its stake in Thomson Reuters Corp (Put) (NYSE:TRI). 624,587 are held by Beddow Cap. Royal Retail Bank Of Canada invested in 926,341 shares. Polar Limited Liability Partnership has invested 0.83% of its portfolio in Wells Fargo & Company (NYSE:WFC).



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