According to 30 stock analysts, Western Digital Corporation, is being kept at an average Outperform, rating, with at least 3.54% of shares outstanding that are now legally short sold. Swiss National Bank now owns 1,073,763 shares of the data storage provider's stock valued at $92,773,000 after buying an additional 21,900 shares in the last quarter. Butensky & Cohen Financial Security Inc who had been investing in Boeing Co Com for a number of months, seems to be less bullish one the $195.42B market cap company. The regular trading started at $79.2 but as the trading progresses, the stock escalated, ending the session with a gain of 0.36%.
Western Digital announced that its Board of Directors has initiated a stock repurchase program on Thursday, November 9th that allows the company to repurchase $2.10 billion in shares. It has outperformed by 24.43% the S&P500.
Jim Chanos increased its stake in Western Digital Corp (WDC) by 85.12% based on its latest 2017Q3 regulatory filing with the SEC. C M Bidwell & Associates Ltd sold 100,945 shares as the company's stock rose 15.69% with the market. Stonerise Capital Management Llc bought 783,529 shares as the company's stock declined 19.00% while stock markets rallied.
Analysts expect Western Digital Corporation (NASDAQ:WDC) to report $3.44 EPS on January, 24.They anticipate $1.46 EPS change or 73.74% from last quarter's $1.98 EPS.
The stock increased 1.06% or $0.87 during the last trading session, reaching $83.12.
Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Thursday, October 26th. It has outperformed by 109.15% the S&P500.
Since August 10, 2017, it had 0 buys, and 5 insider sales for $5.60 million activity. $83,150 worth of Plus500 Ltd. (LON:PLUS) was sold by Callies John E. The insider MARRON MARK P sold 10,000 shares worth $934,016. Muilenburg Dennis A also sold $13.84 million worth of The Boeing Company (NYSE:BA) on Monday, July 31. BOWEN BRUCE M also sold $804,173 worth of Plus500 Ltd. (LON:PLUS) shares.
Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. PCLN's profit will be $687.65M for 34.03 P/E if the $14.10 EPS becomes a reality. After $3.28 actual earnings per share reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts 4.88% EPS growth.
Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. It is flat, as 65 investors sold WDC shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 42,824 were reported by Kynikos Assocs L P. Texas Permanent School Fund reported 81,719 shares stake. About 2.99 million shares traded. The data storage provider reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.01 by $0.55. However, the institutional investors are observed to own 63.30% of the total shares. Spirit Of America Mgmt Ny has 0.16% invested in The Boeing Company (NYSE:BA). Bnp Paribas Arbitrage has invested 0% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM). Mufg Americas accumulated 1,431 shares or 0% of the stock. Vanguard Group Inc Inc stated it has 986,361 shares or 0% of all its holdings. Currently, 3.6% of the shares of the company are sold short. Sfmg Limited Liability Corporation owns 3,000 shares for 0.05% of their portfolio. Truepoint has 0.03% invested in The Boeing Company (NYSE:BA). Orca Investment Management Llc, a Oregon-based fund reported 58,405 shares.#img1#. Catawba Va stated it has 1.21% in The Boeing Company (NYSE:BA). Kbc Grp Nv reported 0.01% stake.
Ratings analysis reveals 69% of Western Digital's analysts are positive. Therefore 0 are positive. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels.
Moving toward other technical indicators, stock is wondering in considerable region as it has 20 days moving average of 5.52% and struggles for 50 days moving average of buoyant run is 12.99%. Taiwan Semiconductor Manufacturing had 12 analyst reports since August 24, 2015 according to SRatingsIntel. Morgan Stanley downgraded the shares of WDC in report on Thursday, July 23 to "Equal-Weight" rating. The firm has "Neutral" rating by Goldman Sachs given on Tuesday, August 11. RBC Capital Markets maintained the stock with "Outperform" rating in Monday, October 3 report. The firm has "Buy" rating given on Tuesday, August 18 by Vetr. The company was initiated on Monday, April 11 by Cowen & Co. The rating was reinitiated by JP Morgan on Wednesday, June 15 with "Neutral". Td Asset Management Incorporated has 0.01% invested in Western Digital Corporation (NASDAQ:WDC) for 105,726 shares. During the same period previous year, the firm earned $1.18 earnings per share. Metropolitan Life Insur Communication Ny owns 141,825 shares or 0.08% of their U.S. portfolio.
Since January 1, 0001, it had 0 insider purchases, and 10 selling transactions for $6.56 million activity. Shares for $2.14 million were sold by SANDERS WAYNE R. $2.13M worth of stock was sold by CARP DANIEL A on Friday, October 27. Another trade for 14,358 shares valued at $1.21 million was made by DeMaria Jacqueline on Thursday, August 3.
Western Digital Corporation (NASDAQ:WDC) saw a large growth in short interest during the month of December. The lowest target is $39 while the high is $140. The firm's revenue was up 9.9% on a year-over-year basis. research analysts predict that Western Digital will post 12.21 EPS for the current fiscal year. The company was maintained on Tuesday, June 27 by Maxim Group.