Western Digital Corp (NASDAQ:WDC) Stock Price Up as Sentiment Drops, now at 0.98

June 27, 2018 - By Robert Case

Western Digital Corporation (NASDAQ:WDC) Corporate Logo

“Big money” Positions

In Q1 2018 Western Digital Corp (NASDAQ:WDC) big money sentiment decreased to 0.98, SEC filings reveal. That’s down -0.09, from 2017Q4’s 1.07. 294 institutional investors started new and increased equity positions, while 299 sold and trimmed equity positions in Western Digital Corp so the sentiment fall. 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.

Biggest Western Digital Corp Investors

Villere St Denis J & Co Llc owns 1.02 million shares in Western Digital Corp as of Q1 2018. Western Digital Corp’s shareholder Iridian Asset Management Llc Ct owns 5.99 million shares as of Q1 2018. Furthermore, Intrepid Capital Management Inc reported 134,223 shares in Western Digital Corp equivalent to 4.21% of its US long equity exposure. The New York-based fund Lyrical Asset Management Lp have invested about 4.07% of the investment professional’s stock portfolio 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 company has $23.48 billion market cap. 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.

The stock decreased 0.07% or $0.06 during the last trading session, reaching $78.46.Western Digital Corporation has volume of 1.47M shares. Since June 27, 2017 WDC has declined 3.27% and is downtrending. The stock underperformed the S&P 500 by 15.84%.

Western Digital Corporation (NASDAQ:WDC)’s earnings report is awaited by WallStreet on July, 26, according to RTT. Analysts forecast $3.20 earnings per share, which is $0.57 up or 21.67 % from 2017’s $2.63 earnings per share. If reported the P/E will be 6.13 with $957.51M profit. After $3.36 earnings per share was announced last quarter, analysts now see negative EPS growth of -4.76 % for Western Digital Corporation.

Sentinel Tru Co Lba holds 0.82% or 42,320 shs. First Western Management Comm holds 5,408 shs. Rothschild Inv Corp Il has invested 0.08% in Western Digital Corporation (NASDAQ:WDC). Argentiere Cap Ag reported 10,000 shs. State Treasurer State Of Michigan holds 87,649 shs. Boston Advisors Ltd Llc holds 0.11% of its capital in Western Digital Corporation (NASDAQ:WDC) for 44,763 shs. Ameritas Invest Prtn invested 0.05% in Western Digital Corporation (NASDAQ:WDC). Federated Investors Pa holds 0.14% or 511,062 shs. Lenox Wealth Mgmt invested 0.28% of its capital in Western Digital Corporation (NASDAQ:WDC). Renaissance Tech Lc reported 2.38M shs. Mercer Cap Advisers accumulated 200 shs. Secor Cap Advsrs L P stated it has 0.44% of its capital in Western Digital Corporation (NASDAQ:WDC). Public Sector Pension Invest Board, Quebec – Canada-based fund reported 30,707 shs. North Star Inv accumulated 1,000 shs. Trexquant Limited Partnership reported 0.13% in Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation registered $33.27 million net activity with 0 insider buys and 19 selling transactions since January 29, 2018. LONG MARK P sold $693,064 worth of stock. On Friday, March 9 MILLIGAN STEPHEN D also sold $5.33 million worth of Western Digital Corporation (NASDAQ:WDC). 10,865 Western Digital Corporation (NASDAQ:WDC) shs with value of $942,109 were sold by Sivaram Srinivasan. On Tuesday, June 5 DENERO HENRY T also sold $556,051 worth of Western Digital Corporation (NASDAQ:WDC). 11,542 shs were sold by LAMBERT MICHAEL D, worth $991,202 on Wednesday, May 16. On Tuesday, May 22 Price Paula A sold $288,193 worth of Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

A total of 18 analysts rate Western Digital (NASDAQ:WDC) as follows: 14 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 78% are bullish. (NASDAQ:WDC) has 27 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Tuesday, May 15 Mizuho maintained Western Digital Corporation (NASDAQ:WDC) rating. Mizuho has “Buy” rating and $11000 target. On Tuesday, March 13 the company was maintained by Guggenheim. The company rating was maintained by Stifel Nicolaus on Friday, April 27. In Friday, April 27 report Benchmark maintained the stock with “Buy” rating. In Friday, January 26 report UBS maintained the stock with “Neutral” rating. On Tuesday, March 27 the stock has “Overweight” rating by Barclays Capital. On Friday, February 2 Mizuho maintained Western Digital Corporation (NASDAQ:WDC) with “Buy” rating. On Monday, May 14 the rating was initiated by J.P. Morgan with “Buy”. On Thursday, January 4 BMO Capital Markets downgraded the shares of WDC in report to “Hold” rating. On Tuesday, January 23 Cowen & Co maintained Western Digital Corporation (NASDAQ:WDC) with “Buy” rating.

Another two news for Western Digital Corporation (NASDAQ:WDC) were recently released 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 released on June 12, 2018.

Western Digital Corporation (NASDAQ:WDC) Institutional Investors Chart

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