Consensus Notes on Western Digital Corporation (NASDAQ:WDC)

Western Digital Corp (NASDAQ:WDC) has risen 6.00% since April 19, 2017 and is uptrending.

Other research analysts have also issued research reports about the stock.

Western Digital Corporation (WDC) added 1.04% to reach $86.11 in the previous trading session. Deutsche Bank AG restated a "buy" rating and issued a $105.00 target price (up previously from $88.00) on shares of Western Digital Corp in a research note on Saturday, April 29th. Citigroup Inc boosted their price objective on shares of Western Digital Corp from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, May 1st. Royal Bank of Canada increased their target price on shares of Western Digital Corp from $92.00 to $96.00 and gave the stock an "outperform" rating in a research note on Monday, April 10th. The stock showed weekly downbeat performance of -2.60%, which was maintained for the month at -0.50%.

Shares of Western Digital Corp (NASDAQ:WDC) traded up 0.79% during mid-day trading on Friday, hitting $86.79.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business.

The SMA or Simple Moving Averages are commonly available for 20 Day, 50 Day and 200 Day Simple Moving Averages. The total market capitalization remained at $11.67 billion. Western Digital Corp has a one year low of $38.65 and a one year high of $91.00. More interesting news about Western Digital Corp (NASDAQ:WDC) were released by: Bloomberg.com and their article: "Western Digital Makes Case for Taking Over Toshiba Chip Unit" published on April 20, 2017 as well as Bloomberg.com's news article titled: "Western Digital Earnings Show Value and Risk of SanDisk Purchase" with publication date: May 01, 2017. The data storage provider reported $2.07 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.22.

According to analysts Western Digital Cp (NASDAQ:WDC)'s minimum EPS for the current quarter is at $2.56 and can go high up to $2.77.

While considering growth estimates of the company, it has next quarter growth estimates of 102.6% whereas during current quarter it has 235.4% estimations over growth, comparing to the estimations of 74.5% during current year and 33.8% for next year. One obvious way to identify high earnings per share growth companies is to find companies that have demonstrated such growth over the past 5 to 10 years. State of Tennessee Treasury Department boosted its stake in News Corp by 64.3% in the third quarter. Past 5 years growth of Western Digital Cp (NASDAQ:WDC) observed at -11.17%, looking forward for the next 5 years it has a strong prediction of 18.08% over growth. Alyeska Invest Grp LP accumulated 0.09% or 140,861 shares. This represents a $2.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, June 28th. Western Digital Corporation presently has a P/E Ratio of N/A. Investors may also monitor a company's PEG or price to earnings growth ratio.

TRADEMARK VIOLATION WARNING: This news story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another publication, it was stolen and reposted in violation of US and global copyright and trademark laws. The stock of Western Digital Corp (NASDAQ:WDC) has "Buy" rating given on Thursday, October 1 by Argus Research. The shares were sold at an average price of $89.18, for a total value of $3,583,430.76. Following the completion of the transaction, the executive vice president now directly owns 42,614 shares in the company, valued at approximately $3,789,663.02.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The disclosure for this sale can be found here. Following the sale, the executive vice president now directly owns 81,948 shares in the company, valued at $6,160,850.64. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

Jefferies "Downgrades" Western Digital Cp (NASDAQ:WDC) in a research note issued to investors on 5/01/17 to Hold with price target of $0. Janus Capital Management LLC now owns 422,528 shares of the data storage provider's stock worth $34,871,000 after buying an additional 338,277 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Western Digital Corp by 2,585.1% in the third quarter. Coconut Grove Bank now owns 1,650 shares of the data storage provider's stock valued at $136,000 after buying an additional 990 shares in the last quarter. It also reduced its holding in Amgen Inc (NASDAQ:AMGN) by 69,228 shares in the quarter, leaving it with 121,927 shares, and cut its stake in Norfolk Southern Corp (NYSE:NSC). Deprince Race & Zollo Inc. now owns 685,352 shares of the data storage provider's stock worth $40,073,000 after buying an additional 56,544 shares during the last quarter.

Relative strength index (RSI-14) for Western Digital Corporation (WDC) is at 51.27. Geode Capital Management LLC now owns 3,031,364 shares of the data storage provider's stock valued at $249,848,000 after buying an additional 264,706 shares during the period. Chicago Equity Partners LLC boosted its position in Western Digital Corp by 0.7% in the first quarter. Strs Ohio now owns 9,902 shares of the data storage provider's stock worth $817,000 after buying an additional 103 shares in the last quarter.

Western Digital Corporation is a developer, maker and well-known 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.

Latest News