Western Digital Co. (NASDAQ:WDC) Shares Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc boosted its holdings in Western Digital Co. (NASDAQ:WDCFree Report) by 68.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,809 shares of the data storage provider’s stock after buying an additional 3,184 shares during the quarter. MUFG Securities EMEA plc’s holdings in Western Digital were worth $409,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. John G Ullman & Associates Inc. boosted its holdings in shares of Western Digital by 30.3% in the fourth quarter. John G Ullman & Associates Inc. now owns 103,750 shares of the data storage provider’s stock worth $5,433,000 after buying an additional 24,100 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Western Digital by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,028,114 shares of the data storage provider’s stock worth $138,173,000 after purchasing an additional 66,680 shares during the period. Numerai GP LLC purchased a new position in Western Digital during the 3rd quarter valued at about $884,000. Atria Wealth Solutions Inc. increased its holdings in shares of Western Digital by 2.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 14,113 shares of the data storage provider’s stock valued at $739,000 after purchasing an additional 404 shares during the period. Finally, CoreCap Advisors LLC purchased a new stake in shares of Western Digital in the fourth quarter worth approximately $1,415,000. Institutional investors own 92.51% of the company’s stock.

Insiders Place Their Bets

In other Western Digital news, SVP Gene M. Zamiska sold 443 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $75.00, for a total value of $33,225.00. Following the transaction, the senior vice president now directly owns 30,958 shares in the company, valued at $2,321,850. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Kimberly Alexy sold 2,648 shares of Western Digital stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $69.95, for a total value of $185,227.60. Following the completion of the transaction, the director now directly owns 20,509 shares of the company’s stock, valued at $1,434,604.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gene M. Zamiska sold 443 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $75.00, for a total transaction of $33,225.00. Following the sale, the senior vice president now directly owns 30,958 shares in the company, valued at approximately $2,321,850. The disclosure for this sale can be found here. Insiders sold 3,507 shares of company stock worth $248,355 over the last three months. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WDC. Raymond James lowered shares of Western Digital from an “outperform” rating to a “market perform” rating in a research note on Monday, April 22nd. StockNews.com upgraded Western Digital from a “sell” rating to a “hold” rating in a report on Monday, April 29th. UBS Group boosted their price objective on shares of Western Digital from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Western Digital in a research note on Friday, April 26th. Finally, The Goldman Sachs Group boosted their target price on shares of Western Digital from $58.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and a consensus target price of $78.32.

Read Our Latest Report on Western Digital

Western Digital Price Performance

NASDAQ WDC traded up $0.65 on Friday, reaching $74.81. The company’s stock had a trading volume of 2,743,577 shares, compared to its average volume of 6,196,621. Western Digital Co. has a 52 week low of $35.62 and a 52 week high of $76.92. The company has a current ratio of 1.86, a quick ratio of 1.07 and a debt-to-equity ratio of 0.72. The firm has a market cap of $24.43 billion, a PE ratio of -15.05 and a beta of 1.53. The business has a 50-day moving average price of $70.09 and a 200 day moving average price of $59.27.

Western Digital (NASDAQ:WDCGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The data storage provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.42. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.37 billion. Western Digital had a negative return on equity of 13.75% and a negative net margin of 12.87%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.57) EPS. Sell-side analysts expect that Western Digital Co. will post -1.68 EPS for the current year.

Western Digital Company Profile

(Free Report)

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.

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Institutional Ownership by Quarter for Western Digital (NASDAQ:WDC)

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