Huntington Nationwide Financial institution boosted its stake in shares of Western Digital Co. (NASDAQ:WDC – Free Report) by 67.4% within the third quarter, in line with the corporate in its most up-to-date Kind 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 1,296 shares of the information storage supplier’s inventory after buying a further 522 shares through the quarter. Huntington Nationwide Financial institution’s holdings in Western Digital have been price $89,000 on the finish of the latest reporting interval.
A number of different institutional traders and hedge funds have additionally lately modified their holdings of WDC. Bessemer Group Inc. elevated its stake in shares of Western Digital by 28.6% through the first quarter. Bessemer Group Inc. now owns 2,619 shares of the information storage supplier’s inventory price $179,000 after buying a further 583 shares through the interval. Aigen Funding Administration LP grew its holdings in Western Digital by 124.2% within the third quarter. Aigen Funding Administration LP now owns 21,412 shares of the information storage supplier’s inventory valued at $1,462,000 after shopping for a further 11,860 shares within the final quarter. KBC Group NV elevated its place in Western Digital by 11.2% through the third quarter. KBC Group NV now owns 277,010 shares of the information storage supplier’s inventory price $18,917,000 after shopping for a further 27,849 shares through the interval. Janney Montgomery Scott LLC lifted its holdings in shares of Western Digital by 137.9% through the third quarter. Janney Montgomery Scott LLC now owns 43,575 shares of the information storage supplier’s inventory price $2,976,000 after shopping for a further 25,262 shares within the final quarter. Lastly, Ghisallo Capital Administration LLC purchased a brand new stake in shares of Western Digital within the second quarter valued at about $13,260,000. 92.51% of the inventory is at the moment owned by institutional traders and hedge funds.
Western Digital Buying and selling Up 2.8 %
Shares of Western Digital inventory opened at $64.58 on Tuesday. The agency has a market capitalization of $22.33 billion, a PE ratio of 37.99 and a beta of 1.40. The corporate has a present ratio of 1.47, a fast ratio of 0.91 and a debt-to-equity ratio of 0.49. The agency’s 50 day transferring common is $66.34 and its 200 day transferring common is $69.26. Western Digital Co. has a 1 12 months low of $46.05 and a 1 12 months excessive of $81.55.
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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.23. The corporate had income of $4.10 billion through the quarter, in comparison with the consensus estimate of $4.12 billion. Western Digital had a web margin of 4.81% and a return on fairness of 8.57%. The corporate’s income for the quarter was up 48.9% in comparison with the identical quarter final 12 months. Throughout the identical interval within the prior 12 months, the enterprise earned ($1.97) earnings per share. Equities analysis analysts forecast that Western Digital Co. will put up 6.56 earnings per share for the present fiscal 12 months.
Insider Exercise
In different Western Digital information, EVP Robert Soderbery bought 30,767 shares of the corporate’s inventory in a transaction dated Tuesday, October twenty ninth. The inventory was bought at a mean worth of $68.01, for a complete worth of $2,092,463.67. Following the sale, the manager vp now owns 135,398 shares within the firm, valued at roughly $9,208,417.98. The commerce was a 18.52 % lower of their place. The transaction was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. Additionally, CEO David Goeckeler bought 75,000 shares of the agency’s inventory in a transaction dated Thursday, September twenty sixth. The inventory was bought at a mean worth of $70.32, for a complete worth of $5,274,000.00. Following the transaction, the chief govt officer now owns 896,630 shares of the corporate’s inventory, valued at $63,051,021.60. This commerce represents a 7.72 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. During the last three months, insiders have bought 188,561 shares of firm inventory valued at $13,309,042. 0.30% of the inventory is at the moment owned by company insiders.
Wall Road Analysts Forecast Development
A lot of analysis companies lately commented on WDC. Susquehanna raised their worth 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. Benchmark reaffirmed a “purchase” ranking and set a $92.00 goal worth on shares of Western Digital in a report on Friday, October twenty fifth. Evercore ISI reiterated an “outperform” ranking and issued a $85.00 worth goal on shares of Western Digital in a analysis notice on Thursday, August fifteenth. Morgan Stanley elevated their worth goal on Western Digital from $94.00 to $100.00 and gave the inventory an “obese” ranking in a analysis report on Friday, October twenty fifth. Lastly, UBS Group dropped their worth goal on Western Digital from $74.00 to $72.00 and set a “impartial” ranking for the corporate in a report on Thursday, October twenty fourth. Six analysis analysts have rated the inventory with a maintain ranking and sixteen have issued a purchase ranking to the inventory. Primarily based on information from MarketBeat, the inventory has a consensus ranking of “Reasonable Purchase” and a mean worth goal of $87.71.
View Our Newest Analysis Report on WDC
Western Digital Profile
Western Digital Company develops, manufactures, and sells information storage units and options in america, China, Hong Kong, Europe, the Center East, Africa, remainder of Asia, and internationally. It provides shopper units, together with exhausting disk drives (HDDs) and strong state drives (SSDs) for desktop and pocket book private computer systems (PCs), gaming consoles, and set high bins; and flash-based embedded storage merchandise for cell phones, tablets, pocket book PCs, and different moveable and wearable units, in addition to automotive, Web of Issues, industrial, and linked residence purposes.
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