Western Digital Corporation (NASDAQ:WDC) Analyst Update

Western Digital Corporation (NASDAQ:WDC) Analyst Update

Western Digital Corporation (NASDAQ:WDC) Analyst Update

The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for strong sell. The stock stands -7.43% below the average-price of 50 days and -6.04% compared with the SMA 20.

09/13/2016 - Western Digital Corporation was upgraded to "buy" by analysts at Longbow Research. Western Digital Corporation (NASDAQ:WDC) scored a place in this popular list, which is prepared after assessing technical and fundamental aspects linked to the firm. The Mean and Low price Targets are $71.17 and $47, respectively.

Western Digital Corporation (NASDAQ:WDC) belonging to the Computer and Technology sector has declined -1.99% and closed its last trading session at $62.09.

Insider Transactions: Since September 21, 2016, the stock had 0 buys, and 11 selling transactions for $3.08 million net activity. Barclays PLC upped their price objective on shares of Western Digital Corp from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Tuesday, August 16th. Past 5 years growth of Western Digital Corp (NASDAQ:WDC) observed at -10.10%, and for the next five years the analysts that follow this company are expecting its growth at 2.00%. If you are viewing this article on another publication, it was stolen and reposted in violation of worldwide trademark and copyright law. (NASDAQ:WDC) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

29 Insider Sales transactions were made totaling 167693 shares traded. Ray Michael Charles offloaded 5,589 shares in the company at a per-share price of $63.11 and ended up generating $352,720 in proceeds. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at a price of $65.00, for a total worth of $4,355. When we look at the Volatility of the company, Week Volatility is at 4.71% whereas Month Volatility is at 3.58%. The disclosure for this sale can be found here. The company's 50 day moving average is $58.24 and its 200-day moving average is $51.80. Also, insider Michael D. Cordano sold 7,185 shares of the firm's stock in a transaction that occurred on Wednesday, September 21st. Altfest L J & Co.

TD Asset Management Inc. lowered its position in shares of Western Digital Corp. Succeeding to the transaction Milligan Stephen D owned overall 105,441 shares of the stock. Texas Yale Capital Corp. boosted its position in Western Digital Corp by 0.9% in the second quarter. After this transaction, the insider's stake stands at 41,413 shares, with a market value of $2571333. Rothschild Investment Corp IL boosted its position in Western Digital Corp by 0.6% in the third quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

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Western Digital Corporation had its "positive" rating reiterated by analysts at Susquehanna. The stock is now holding above its 50-day SMA of $58.03 and above its 200-day SMA of $51.42.

Western Digital Corp. has a 12-month low of $34.99 and a 12-month high of $65.99. Grimes & Company Inc who had been investing in Western Digital Corp. for a number of months, seems to be bullish on the $17.57 billion market cap company. Most recently, the company reported a quarterly earnings per share actual that landed $-0.28 away from what polled analysts were anticipating.

According to 24 analysts, the Average Revenue Estimate for the current Fiscal quarter is $3.45 Billion and the Low Revenue estimate is $3.38 Billion, while the High Revenue estimate is $3.47 Billion. Palo Capital last reported 46,761 shares in the company. Western Digital Corp's revenue was up 40.3% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th.

Even today, per-share earnings is measured to be the prevalent financial performance index of all. The ex-dividend date of this dividend is Wednesday, December 28th. Western Digital Corp (NASDAQ:WDC) has risen 55.08% since May 2, 2016 and is uptrending. Western Digital Corp.'s dividend payout ratio (DPR) is presently -162.60%.

Western Digital Corporation has its YTD performance of 8.74 Percent.