Sumitomo Mitsui Belief Group Inc. decreased its place in shares of Western Digital Co. (NASDAQ:WDC – Free Report) by 11.3% within the third quarter, in keeping with the corporate in its most up-to-date 13F submitting with the SEC. The fund owned 791,512 shares of the info storage supplier’s inventory after promoting 100,826 shares in the course of the quarter. Sumitomo Mitsui Belief Group Inc.’s holdings in Western Digital had been value $54,052,000 as of its most up-to-date SEC submitting.
Various different hedge funds and different institutional traders have additionally not too long ago modified their holdings of WDC. Fairfield Monetary Advisors LTD acquired a brand new place in shares of Western Digital within the 2nd quarter valued at about $29,000. Jap Financial institution acquired a brand new place in Western Digital within the third quarter valued at roughly $27,000. 1620 Funding Advisors Inc. purchased a brand new place in shares of Western Digital in the course of the 2nd quarter value roughly $34,000. Ashton Thomas Personal Wealth LLC acquired a brand new stake in shares of Western Digital in the course of the 2nd quarter value roughly $34,000. Lastly, OFI Make investments Asset Administration purchased a brand new stake in shares of Western Digital within the 2nd quarter valued at $34,000. Institutional traders and hedge funds personal 92.51% of the corporate’s inventory.
Insiders Place Their Bets
In different Western Digital information, SVP Gene M. Zamiska offered 417 shares of the agency’s inventory in a transaction on Wednesday, August twenty first. The inventory was offered at a mean worth of $64.89, for a complete worth of $27,059.13. Following the completion of the sale, the senior vp now straight owns 28,870 shares of the corporate’s inventory, valued at $1,873,374.30. This commerce represents a 1.42 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. Additionally, EVP Robert Soderbery offered 30,767 shares of the corporate’s inventory in a transaction on Tuesday, October twenty ninth. The shares had been offered at a mean worth of $68.01, for a complete worth of $2,092,463.67. Following the transaction, the manager vp now straight owns 135,398 shares within the firm, valued at $9,208,417.98. This represents a 18.52 % lower of their place. The disclosure for this sale might be discovered right here. Over the past 90 days, insiders have offered 188,561 shares of firm inventory valued at $13,309,042. Firm insiders personal 0.30% of the corporate’s inventory.
Western Digital Inventory Efficiency
WDC inventory opened at $62.80 on Friday. The enterprise has a 50 day transferring common of $66.30 and a 200-day transferring common of $69.32. The agency has a market cap of $21.71 billion, a PE ratio of 36.94 and a beta of 1.40. Western Digital Co. has a 12-month low of $45.23 and a 12-month excessive of $81.55. The corporate has a fast ratio of 0.91, a present ratio of 1.47 and a debt-to-equity ratio of 0.49.
Western Digital (NASDAQ:WDC – Get Free Report) final introduced its earnings outcomes on Thursday, October twenty fourth. The info storage supplier reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.23. The agency had income of $4.10 billion in the course of the quarter, in comparison with analyst estimates of $4.12 billion. Western Digital had a return on fairness of 8.57% and a web margin of 4.81%. The enterprise’s income was up 48.9% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency posted ($1.97) EPS. As a gaggle, sell-side analysts count on that Western Digital Co. will publish 6.56 earnings per share for the present yr.
Analyst Upgrades and Downgrades
A number of analysis analysts not too long ago issued stories on WDC shares. Summit Insights lowered shares of Western Digital from a “purchase” ranking to a “maintain” ranking in a analysis be aware on Thursday, August 1st. Rosenblatt Securities reissued a “purchase” ranking and set a $115.00 worth goal on shares of Western Digital in a analysis report on Friday, October twenty fifth. TD Cowen decreased their goal worth on Western Digital from $95.00 to $80.00 and set a “purchase” ranking for the corporate in a analysis report on Friday, September thirteenth. BNP Paribas lower their worth goal on Western Digital from $95.00 to $90.00 in a report on Thursday, October twenty fourth. Lastly, The Goldman Sachs Group decreased their worth goal on Western Digital from $79.00 to $72.00 and set a “impartial” ranking for the corporate in a report on Thursday, October twenty fourth. Six analysts have rated the inventory with a maintain ranking and sixteen have given a purchase ranking to the inventory. In accordance with knowledge from MarketBeat, Western Digital presently has a consensus ranking of “Average Purchase” and a consensus worth goal of $87.71.
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Western Digital Firm Profile
Western Digital Company develops, manufactures, and sells knowledge storage units and options in the USA, China, Hong Kong, Europe, the Center East, Africa, remainder of Asia, and internationally. It provides consumer units, together with laborious disk drives (HDDs) and strong state drives (SSDs) for desktop and pocket book private computer systems (PCs), gaming consoles, and set prime packing containers; and flash-based embedded storage merchandise for cellphones, tablets, pocket book PCs, and different transportable and wearable units, in addition to automotive, Web of Issues, industrial, and related residence functions.
See Additionally
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