Western Digital Corp’s (NASDAQ:WDC) Sentiment is 0.98

June 27, 2018 - By Jacqueline McKee

Western Digital Corporation (NASDAQ:WDC) Corporate Logo

Western Digital Corp’s Sentiment

“Big money sentiment for Western Digital Corp (NASDAQ:WDC) in Q1 2018 decreased to 0.98, revealed SEC filings. That’s down -0.09, from 2017Q4’s 1.07. 294 hedge funds started new or increased equity positions, while 299 sold and reduced their holdings in Western Digital Corp so the sentiment worsened. Funds own 242.29 million shares, down from 243.21 million shares in 2017Q4. Funds holding Western Digital Corp in top 10 increased from 12 to 18 for an increase of 6. In total 55 funds closed positions, 244 reduced and 201 increased. Also 93 funds bought new Western Digital Corp stakes.

Largest Western Digital Corp Shareholders

As of Q1 2018 Villere St Denis J & Co Llc has 5.61% invested in Western Digital Corp. As of Q1 2018, 5.99 million shares of Western Digital Corp are owned by Iridian Asset Management Llc Ct. In addition, Intrepid Capital Management Inc reported 134,223 shares in Western Digital Corp equivalent to 4.21% of its stocks portfolio. Lyrical Asset Management Lp revealed 3.61 million shares position in Western Digital Corp. The Alabama-based fund 10 looks positive on Western Digital Corp, possessing 157,906 shares.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide.The firm is worth $23.48 billion. It offers performance hard disk drives that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments.117.1 is the P/E ratio. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.

WDC touched $78.46 during the last trading session after $0.06 change.Currently Western Digital Corporation is downtrending after 3.27% change in last June 27, 2017. WDC has also 1.47M shares volume. WDC underperformed the S&P 500 by 15.84%.

Western Digital Corporation (NASDAQ:WDC)’s earnings release is awaited by WallStreet on July, 26, Zacks reports. This year’s earnings per share analyst estimate is awaited to be $3.20. That is 21.67 % up compareed to $2.63 earnings per share for last year. In case of $3.20 earnings per share WDC’s profit could hit $957.51M. -4.76 % negative EPS growth is what Wall Street’s forecasts after $3.36 reported EPS previous quarter.

Tiverton Asset Mgmt Limited Liability Company reported 5,201 shs stake. Macquarie Group owns 54,400 shs. Centre Asset Management Limited Liability Co invested 2.23% in Western Digital Corporation (NASDAQ:WDC). C M Bidwell & Assoc reported 430 shs or 0.04% of all its holdings. Toth Fincl Advisory owns 0.01% invested in Western Digital Corporation (NASDAQ:WDC) for 500 shs. Cornerstone Advsr stated it has 2,253 shs or 0.14% of all its holdings. Chemical Comml Bank invested in 0.04% or 3,695 shs. Ameritas Investment Prns Inc reported 11,461 shs. Manufacturers Life The holds 0.03% or 315,149 shs in its capital. Bluecrest Cap Mngmt has invested 0.02% of its capital in Western Digital Corporation (NASDAQ:WDC). Next Financial Incorporated owns 0.05% invested in Western Digital Corporation (NASDAQ:WDC) for 2,450 shs. Brown Brothers Harriman Co owns 0% invested in Western Digital Corporation (NASDAQ:WDC) for 479 shs. Alps Advsrs reported 16,735 shs. Cypress Cap Management Ltd Co (Wy) has invested 0.02% in Western Digital Corporation (NASDAQ:WDC). Brandywine Glob Mgmt Limited Co has invested 0% in Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation registered $33.27 million net activity with 0 buys and 19 insider sales since January 29, 2018. 1,208 shs were sold by RAY MICHAEL CHARLES, worth $106,944. Price Paula A sold 3,288 shs worth $288,193. Shares for $2.19 million were sold by MILLIGAN STEPHEN D. $991,202 worth of Western Digital Corporation (NASDAQ:WDC) was sold by LAMBERT MICHAEL D. Shares for $556,051 were sold by DENERO HENRY T on Tuesday, June 5. On Friday, March 9 LONG MARK P sold $693,064 worth of Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

In total 18 analysts cover Western Digital (NASDAQ:WDC). “Buy” rating has 14, “Sell” are 0, while 4 are “Hold”. 78% are bullish. 27 are the (NASDAQ:WDC)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. On Friday, February 2 the company was maintained by Mizuho. In Sunday, April 1 report RBC Capital Markets maintained the stock with “Buy” rating. On Friday, January 26 the company was maintained by BMO Capital Markets. On Friday, January 26 the firm has “Hold” rating given by Summit Redstone Partners. On Tuesday, January 23 the rating was maintained by Cowen & Co with “Buy”. In Tuesday, May 15 report Mizuho maintained it with “Buy” rating and $11000 target. On Friday, April 27 the stock has “Equal-Weight” rating by Morgan Stanley. On Friday, April 27 the firm has “Buy” rating by Mizuho given. On Friday, April 27 the company was maintained by Benchmark. The stock rating was maintained by Barclays Capital with “Overweight” on Tuesday, March 27.

Another two news for Western Digital Corporation (NASDAQ:WDC) were recently posted by: Forbes.com on June 12, 2018 with title “What Are Western Digital’s Key Sources Of Revenue?”. The other Finance.Yahoo.com‘s article was titled “Should Income Investors Buy Western Digital Corporation (NASDAQ:WDC) Before Its Ex-Dividend?” and posted on June 25, 2018.

Western Digital Corporation (NASDAQ:WDC) Institutional Investors Chart

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