Western Digital Corp (NASDAQ:WDC): Negative Stock Sentiment at 0.98

June 27, 2018 - By Maria Robertson

Western Digital Corporation (NASDAQ:WDC) Corporate Logo

Western Digital Corp’s Sentiment

In 2018 Q1 Western Digital Corp (NASDAQ:WDC) big money sentiment decreased to 0.98, according to Securities and Exchange Commission filings. So its down -0.09, from 2017Q4’s 1.07. 294 investment professionals increased and opened new holdings, while 299 reduced and sold positions in Western Digital Corp so the sentiment fall. These funds own 242.29 million shares, that’s 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. 55 Investors Sold All; 244 Reduced Holdings; 201 increased stakes while 93 investment professionals bought stakes.

Biggest Western Digital Corp Shareholders

As of 2018 Q1 Villere St Denis J & Co Llc has 5.61% invested in Western Digital Corp. As of 2018 Q1, 5.99 million shares of Western Digital Corp are owned by Iridian Asset Management Llc Ct. Also, Intrepid Capital Management Inc reported 134,223 shares in Western Digital Corp equivalent to 4.21% of its fund 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, having 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.The P/E ratio is 117.1. 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.

Ticker’s shares touched $78.46 during the last trading session after 0.07% change.Currently Western Digital Corporation is downtrending after 3.27% change in last June 27, 2017. WDC has also 1.47M shares volume. The stock underperformed the S&P500 by 15.84%.

Earnings report for Western Digital Corporation (NASDAQ:WDC) is expected on July, 26., Zacks reports. Analysts have anticipation on stock’s earnings per share of $3.20. That’s up 21.67 % from last year’s $2.63 earnings per share. If earnings per share of $3.20 is announced the profit of WDC could be $957.51 million giving it 6.13 P/E. Wall Street now predicts -4.76 % negative EPS growth despite Western Digital Corporation last quarter’s EPS of $3.36.

Apriem Advisors has 40,565 shs. Alphamark Advsr Ltd Company accumulated 150 shs or 0.01% of the stock. Hermes Inv Management Limited has 390,111 shs for 0.53% of their capital. Cornerstone Advisors reported 2,253 shs. Bnp Paribas Asset Mngmt Holding Sa holds 30,146 shs. Citadel Advsr Ltd Limited Liability Company owns 1.12M shs or 0.06% of their US capital. State Street stated it has 0.09% of its capital in Western Digital Corporation (NASDAQ:WDC). Voya Inv Management Ltd Liability Corp stated it has 232,445 shs or 0.05% of all its holdings. Suntrust Banks invested in 19,979 shs or 0.01% of the stock. Tarbox Family Office has invested 0% of its capital in Western Digital Corporation (NASDAQ:WDC). Raymond James Trust Na reported 5,882 shs. South Dakota Council holds 0.62% or 292,209 shs in its capital. Private Advisor Gru Limited Liability accumulated 0.01% or 3,531 shs. State Treasurer State Of Michigan reported 87,649 shs or 0.07% of all its holdings. Guardian Life Of America reported 0.01% of its capital in Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation had 19 selling transactions and 0 insider purchases since January 29, 2018. This’s net activity of $33.27 million. On Monday, June 11 RAY MICHAEL CHARLES sold $43,276 worth of Western Digital Corporation (NASDAQ:WDC) or 525 shs. $2.19 million worth of Western Digital Corporation (NASDAQ:WDC) was sold by MILLIGAN STEPHEN D. $5.52M worth of Western Digital Corporation (NASDAQ:WDC) was sold by Sivaram Srinivasan on Tuesday, May 29. LAMBERT MICHAEL D also sold $991,202 worth of Western Digital Corporation (NASDAQ:WDC) shs. On Tuesday, May 22 $288,193 worth of Western Digital Corporation (NASDAQ:WDC) was sold by Price Paula A. Shares for $556,051 were sold by DENERO HENRY T on Tuesday, June 5.

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”. (NASDAQ:WDC) has 78% bullish analysts. 27 are the (NASDAQ:WDC)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Friday, February 23 the stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Stifel Nicolaus. On Friday, January 26 Mizuho maintained Western Digital Corporation (NASDAQ:WDC) with “Buy” rating. On Sunday, April 1 the rating was maintained by RBC Capital Markets with “Buy”. The company rating was downgraded by BMO Capital Markets on Thursday, January 4. The company rating was downgraded by Summit Redstone Partners on Friday, January 26. On Tuesday, May 15 the stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Mizuho. On Friday, April 27 the rating was maintained by Maxim Group with “Buy”. On Friday, April 27 the stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Stifel Nicolaus. On Friday, April 27 the firm has “Equal-Weight” rating given by Morgan Stanley. On Tuesday, May 15 Evercore maintained Western Digital Corporation (NASDAQ:WDC) rating. Evercore has “Buy” rating and $13000 target.

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

Western Digital Corporation (NASDAQ:WDC) Institutional Investors Chart

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