Charles Schwab Funding Administration Inc. lowered its stake in shares of Western Digital Co. (NASDAQ:WDC – Free Report) by 28.1% within the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Alternate Fee (SEC). The fund owned 2,258,193 shares of the information storage supplier’s inventory after promoting 881,078 shares through the quarter. Charles Schwab Funding Administration Inc.’s holdings in Western Digital had been price $154,212,000 on the finish of the latest quarter.
A number of different massive buyers have additionally modified their holdings of the inventory. Fairfield Monetary Advisors LTD bought a brand new place in Western Digital through the second quarter price roughly $29,000. Japanese Financial institution acquired a brand new stake in shares of Western Digital through the third quarter price $27,000. 1620 Funding Advisors Inc. bought a brand new place in shares of Western Digital within the 2nd quarter price $34,000. Ashton Thomas Personal Wealth LLC acquired a brand new place in Western Digital within the second quarter valued at $34,000. Lastly, OFI Make investments Asset Administration bought a brand new stake in Western Digital through the second quarter valued at about $34,000. 92.51% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Wall Road Analyst Weigh In
A number of analysis companies not too long ago commented on WDC. Cantor Fitzgerald raised their value goal on shares of Western Digital from $80.00 to $95.00 and gave the corporate an “chubby” ranking in a report on Friday, October twenty fifth. TD Cowen minimize their goal value on shares of Western Digital from $95.00 to $80.00 and set a “purchase” ranking on the inventory in a analysis word on Friday, September thirteenth. Susquehanna upped their value goal on shares of Western Digital from $75.00 to $83.00 and gave the inventory a “impartial” ranking in a analysis report on Friday, October twenty fifth. Rosenblatt Securities reissued a “purchase” ranking and issued a $115.00 value goal on shares of Western Digital in a analysis report on Friday, October twenty fifth. Lastly, Wedbush restated an “outperform” ranking and set a $95.00 value goal on shares of Western Digital in a analysis word on Friday, October twenty fifth. Six analysts have rated the inventory with a maintain ranking and sixteen have issued a purchase ranking to the inventory. Based mostly on knowledge from MarketBeat, the corporate at the moment has a consensus ranking of “Reasonable Purchase” and a consensus value goal of $87.71.
Test Out Our Newest Inventory Report on WDC
Insider Shopping for and Promoting at Western Digital
In different Western Digital information, SVP Gene M. Zamiska offered 2,900 shares of the enterprise’s inventory in a transaction dated Tuesday, August twenty seventh. The shares had been offered at a mean value of $61.48, for a complete transaction of $178,292.00. Following the sale, the senior vice chairman now instantly owns 37,448 shares within the firm, valued at roughly $2,302,303.04. The commerce was a 7.19 % lower of their place. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which will be accessed by way of this hyperlink. Additionally, CEO David Goeckeler offered 75,000 shares of the inventory in a transaction that occurred on Friday, October twenty fifth. The shares had been offered at a mean value of $72.58, for a complete transaction of $5,443,500.00. Following the completion of the transaction, the chief govt officer now owns 821,630 shares of the corporate’s inventory, valued at $59,633,905.40. This commerce represents a 8.36 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Insiders have offered 188,520 shares of firm inventory valued at $13,306,224 within the final quarter. Company insiders personal 0.30% of the corporate’s inventory.
Western Digital Inventory Up 0.8 %
Western Digital inventory opened at $66.43 on Monday. The agency has a market capitalization of $22.97 billion, a P/E ratio of 39.08 and a beta of 1.40. The corporate has a 50-day easy shifting common of $66.48 and a 200-day easy shifting common of $69.08. Western Digital Co. has a one 12 months low of $46.05 and a one 12 months excessive of $81.55. The corporate has a debt-to-equity ratio of 0.49, a fast ratio of 0.91 and a present ratio of 1.47.
Western Digital (NASDAQ:WDC – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, October twenty fourth. The information storage supplier reported $1.78 EPS for the quarter, beating the consensus estimate of $1.55 by $0.23. The corporate had income of $4.10 billion for the quarter, in comparison with analyst estimates of $4.12 billion. Western Digital had a web margin of 4.81% and a return on fairness of 8.57%. Western Digital’s income was up 48.9% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise earned ($1.97) earnings per share. As a bunch, equities analysts anticipate that Western Digital Co. will put up 6.56 earnings per share for the present 12 months.
Western Digital Firm Profile
Western Digital Company develops, manufactures, and sells knowledge storage gadgets and options in the USA, China, Hong Kong, Europe, the Center East, Africa, remainder of Asia, and internationally. It affords consumer gadgets, together with onerous disk drives (HDDs) and strong state drives (SSDs) for desktop and pocket book private computer systems (PCs), gaming consoles, and set high containers; and flash-based embedded storage merchandise for cell phones, tablets, pocket book PCs, and different transportable and wearable gadgets, in addition to automotive, Web of Issues, industrial, and linked house purposes.
Featured Tales
Wish to see what different hedge funds are holding WDC? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Western Digital Co. (NASDAQ:WDC – Free Report).
Obtain Information & Scores for Western Digital Every day – Enter your e-mail tackle under to obtain a concise day by day abstract of the most recent information and analysts’ scores for Western Digital and associated corporations with MarketBeat.com’s FREE day by day e-mail e-newsletter.
