Company shares were Reiterated by Mizuho on Sep 8, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $54.Company shares were Reiterated by Cowen on Sep 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $55.Shares were Reiterated by Mizuho on Aug 25, 2016 to “Buy” and Lowered the Price Target to $ 54 from a previous price target of $56. The firm now has $70.00 price target on the data storage provider’s stock. Western Digital Corp. has a 1-year low of $34.99 and a 1-year high of $86.39. The insider owns 203,306 shares which have current market value of around $10647135.GILLIGAN EDWARD P is another major inside shareholder in the company.
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Many analysts are providing their Estimated Earnings analysis for Western Digital Corporation and for the current quarter 24 analysts have projected that the stock could give an Average Earnings estimate of $1.03/share.
Western Digital Corp (NASDAQ:WDC) stock is now trading at about $52.37 and lots of rating firms seem to have a target price set on the stock. The company’s 50-day moving average is $47.45 and its 200-day moving average is $45.95. Amerigo Asset Management now owns 4,259,775 shares of the data storage provider’s stock worth $201,232,000 after buying an additional 1,521,044 shares in the last quarter. Western Digital Corporation P/E (price to earnings) ratio is 43.86 and Forward P/E ratio of 8.16. The mean price target for the shares of company is at $61.67 while the highest price target suggested by the analysts is $97.00 and low price target is $35.00.
Western Digital Corp. had a net margin of 1.98% and a return on equity of 12.42%. During the same period a year ago, the firm earned $1.51 earnings per share.
EPS in next five year years is expected to touch 0.90% while EPS growth in past 5 year was -20.20% along with sales growth of 6.40% in the last five years.
These analysts also forecasted Growth Estimates for the Current Quarter for WDC to be -34%.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. This represents a $2.00 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Wednesday, September 28th. Western Digital Corp makes up approx 1.18% of Buckhead Capital Management’s portfolio.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Overweight rating was given by “2” and Underweight rating was given by “1”. Geode Capital Management LLC boosted its position in shares of Western Digital Corp.by 11.2% in the first quarter. Hard Disk Drives provide non-volatile data storage. Mitsubishi UFJ Kokusai Asset Management Co.
Western Digital Corporation is a data storage solutions company. Ltd. now owns 41,976 shares of the data storage provider’s stock worth $1,984,000 after buying an additional 235 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Western Digital Corp.by 19.3% in the second quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.
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Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. The Company develops and manufactures a portion of the recording heads and magnetic media used in its hard drive products.
