Western Digital Co. (NASDAQ:WDC – Get Free Report) SVP Gene M. Zamiska sold 2,900 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $61.48, for a total transaction of $178,292.00. Following the completion of the sale, the senior vice president now directly owns 37,448 shares of the company’s stock, valued at approximately $2,302,303.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Western Digital Price Performance
Western Digital stock opened at $62.85 on Wednesday. The firm has a market cap of $20.52 billion, a PE ratio of -12.65 and a beta of 1.37. Western Digital Co. has a 52-week low of $35.62 and a 52-week high of $81.55. The company has a quick ratio of 0.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $69.54 and its two-hundred day moving average is $68.75.
Western Digital (NASDAQ:WDC – Get Free Report) last released its earnings results on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.77 billion. Western Digital had a negative net margin of 3.75% and a negative return on equity of 2.63%. On average, research analysts expect that Western Digital Co. will post 8.73 EPS for the current fiscal year.
Institutional Investors Weigh In On Western Digital
Analysts Set New Price Targets
WDC has been the subject of several analyst reports. StockNews.com raised shares of Western Digital from a “sell” rating to a “hold” rating in a research note on Saturday, July 6th. Loop Capital increased their price target on shares of Western Digital from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Summit Insights cut shares of Western Digital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wedbush increased their price target on shares of Western Digital from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Finally, Benchmark increased their price target on shares of Western Digital from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and a consensus target price of $84.18.
View Our Latest Stock Analysis on Western Digital
About Western Digital
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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