TIAA Belief Nationwide Affiliation lowered its stake in Western Digital Co. (NASDAQ:WDC – Free Report) by 1.7% throughout the 2nd quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The agency owned 10,143 shares of the information storage supplier’s inventory after promoting 179 shares throughout the interval. TIAA Belief Nationwide Affiliation’s holdings in Western Digital have been value $769,000 as of its most up-to-date submitting with the Securities and Change Fee.
Different giant traders additionally just lately modified their holdings of the corporate. Rise Advisors LLC purchased a brand new stake in shares of Western Digital within the 1st quarter valued at roughly $25,000. Fidelis Capital Companions LLC purchased a brand new stake in shares of Western Digital within the 1st quarter valued at roughly $30,000. SOA Wealth Advisors LLC. purchased a brand new stake in shares of Western Digital within the 1st quarter valued at roughly $31,000. OFI Make investments Asset Administration purchased a brand new stake in shares of Western Digital within the 2nd quarter valued at roughly $34,000. Lastly, 1620 Funding Advisors Inc. purchased a brand new stake in Western Digital throughout the 2nd quarter value roughly $34,000. 92.51% of the inventory is presently owned by institutional traders.
Wall Road Analysts Forecast Progress
Numerous equities analysis analysts just lately commented on the corporate. Evercore ISI restated an “outperform” ranking and set a $85.00 value goal on shares of Western Digital in a analysis report on Thursday, August fifteenth. Citigroup elevated their value goal on Western Digital from $90.00 to $95.00 and gave the inventory a “purchase” ranking in a analysis report on Friday, July twelfth. Wedbush elevated their value goal on Western Digital from $85.00 to $95.00 and gave the inventory an “outperform” ranking in a analysis report on Monday, July twenty second. Summit Insights lowered Western Digital from a “purchase” ranking to a “maintain” ranking in a analysis report on Thursday, August 1st. Lastly, Benchmark elevated their value goal on Western Digital from $85.00 to $92.00 and gave the inventory a “purchase” ranking in a analysis report on Thursday, August 1st. Six analysis analysts have rated the inventory with a maintain ranking and eighteen have issued a purchase ranking to the corporate. In accordance with information from MarketBeat, the inventory presently has a consensus ranking of “Average Purchase” and a mean value goal of $84.18.
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Western Digital Inventory Efficiency
WDC inventory opened at $62.61 on Friday. The enterprise’s fifty day transferring common is $67.71 and its 200-day transferring common is $68.96. The corporate has a debt-to-equity ratio of 0.53, a present ratio of 1.32 and a fast ratio of 0.78. Western Digital Co. has a twelve month low of $35.62 and a twelve month excessive of $81.55.
Western Digital (NASDAQ:WDC – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, July thirty first. The information storage supplier reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The corporate had income of $3.76 billion for the quarter, in comparison with the consensus estimate of $3.77 billion. Western Digital had a unfavorable return on fairness of two.63% and a unfavorable web margin of three.75%. Analysis analysts predict that Western Digital Co. will publish 8.73 earnings per share for the present fiscal 12 months.
Insider Shopping for and Promoting
In associated 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 value of $64.89, for a complete transaction of $27,059.13. Following the sale, the senior vp now owns 28,870 shares of the corporate’s inventory, valued at roughly $1,873,374.30. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of this hyperlink. In associated information, EVP Robert Soderbery offered 12,154 shares of the agency’s inventory in a transaction on Monday, August fifth. The inventory was offered at a mean value of $57.09, for a complete transaction of $693,871.86. Following the sale, the manager vp now owns 128,413 shares of the corporate’s inventory, valued at roughly $7,331,098.17. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of this hyperlink. Additionally, 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 value of $64.89, for a complete worth of $27,059.13. Following the sale, the senior vp now immediately owns 28,870 shares within the firm, valued at roughly $1,873,374.30. The disclosure for this sale will be discovered right here. Within the final quarter, insiders have offered 18,174 shares of firm inventory valued at $1,070,642. 0.28% of the inventory is owned by firm insiders.
Western Digital Profile
Western Digital Company develops, manufactures, and sells information storage gadgets and options in the US, China, Hong Kong, Europe, the Center East, Africa, remainder of Asia, and internationally. It affords shopper gadgets, 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 cell phones, tablets, pocket book PCs, and different transportable and wearable gadgets, in addition to automotive, Web of Issues, industrial, and related dwelling functions.
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