NASDAQ:WDCWestern Digital Stock Price, Forecast & News

$38.21

-0.19 (-0.49 %)

(As of 04/3/2020 04:00 PM ET)

Add

Compare

Today's Range

$37.50

Now: $38.21▼

$39.38

50-Day Range

$29.19

MA: $50.60▼

$69.58

52-Week Range

$27.40

Now: $38.21▼

$72.00

Volume3.40 million shs

Average Volume8.01 million shs

Market Capitalization$11.42 billion

P/E RatioN/A

Dividend Yield5.21%

Beta1.8

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook PCs, security surveillance systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, IoT, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and iNAND embedded flash products, such as multi-chip package solutions. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions, including HDDs and drive configurations for use in data storage systems and tiered storage models; system solutions that offer petabyte scalable capacity; and data storage platforms and systems. In addition, it offers client solution, such as external HDD storage products in mobile and desktop form; client SSDs; removable cards used in consumer devices comprising mobile phones, tablets, imaging systems, still cameras, action video cameras, and security surveillance systems; universal serial bus flash drives used in the computing and consumer markets; and wireless drive products for in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music and documents to tablets, smartphones, and personal computers (PCs). The company sells its products under the HGST, SanDisk, and WD brands to original equipment manufacturers, distributors, resellers, cloud infrastructure players, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Western Digital has received a consensus rating of Buy. The company's average rating score is 2.69, and is based on 18 buy ratings, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $74.04, Western Digital has a potential upside of 93.8% from its current price of $38.21.
Amount of Analyst Coverage
Western Digital has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.1 Community Rank

Outperform Votes
Western Digital has received 1,882 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Digital has received 1,175 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Digital has received 61.56% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Western Digital and other stocks. Vote “Outperform” if you believe WDC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WDC will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Western Digital is a leading dividend payer. It pays a dividend yield of 5.21%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Western Digital does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Western Digital is 52.49 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Western Digital will have a dividend payout ratio of 36.90 % next year. This indicates that Western Digital will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,478,832.00 in company stock.
Percentage Held by Insiders
Only 0.44% of the stock of Western Digital is held by insiders.
Percentage Held by Institutions
83.32% of the stock of Western Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Western Digital are expected to grow by 143.05% in the coming year, from $2.23 to $5.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Western Digital is -9.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Digital is -9.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Western Digital has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.73 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Computer storage devices

Sub-IndustryComputer Storage & Peripherals

SectorComputer and Technology

Current SymbolNASDAQ:WDC

Previous Symbol

CUSIP95810210

CIK106040

Webhttp://www.westerndigital.com/

Phone408-717-6000

Debt

Debt-to-Equity Ratio1.02

Current Ratio1.92

Quick Ratio1.23

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio17.13

P/E GrowthN/A

Sales & Book Value

Annual Sales$16.57 billion

Price / Sales0.69

Cash Flow$10.11 per share

Price / Cash Flow3.78

Book Value$34.02 per share

Price / Book1.12

Profitability

EPS (Most Recent Fiscal Year)$3.81

Net Income$-754,000,000.00

Net Margins-7.66%

Return on Equity1.01%

Return on Assets0.37%

Miscellaneous

Employees61,800

Outstanding Shares298,930,000

Market Cap$11.42 billion

Next Earnings Date5/4/2020 (Estimated)

OptionableOptionable

Receive WDC News and Ratings via Email

Sign-up to receive the latest news and ratings for WDC and its competitors with MarketBeat's FREE daily newsletter.

Western Digital (NASDAQ:WDC) Frequently Asked Questions

How has Western Digital's stock been impacted by COVID-19 (Coronavirus)?

Western Digital's stock was trading at $45.14 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WDC shares have decreased by 15.4% and is now trading at $38.21. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Western Digital?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 8 hold ratings and 18 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Digital.

When is Western Digital's next earnings date?

Western Digital is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Western Digital.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) posted its quarterly earnings data on Thursday, January, 30th. The data storage provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.32. The data storage provider had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.23 billion. Western Digital had a negative net margin of 7.66% and a positive return on equity of 1.01%. The firm's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. View Western Digital's earnings history.

How often does Western Digital pay dividends? What is the dividend yield for Western Digital?

Western Digital announced a quarterly dividend on Thursday, February 13th. Stockholders of record on Friday, April 3rd will be paid a dividend of $0.50 per share on Friday, April 17th. This represents a $2.00 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Thursday, April 2nd. View Western Digital's dividend history.

How will Western Digital's stock buyback program work?

Western Digital announced that its Board of Directors has approved a stock repurchase program on Thursday, July 26th 2018, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 22.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

What guidance has Western Digital issued on next quarter's earnings?

Western Digital updated its third quarter earnings guidance on Thursday, January, 30th. The company provided earnings per share (EPS) guidance of $0.85-1.05 for the period, compared to the Thomson Reuters consensus estimate of $0.75. The company issued revenue guidance of $4.10-4.30 billion, compared to the consensus revenue estimate of $4.07 billion.

What price target have analysts set for WDC?

26 analysts have issued 12 month price targets for Western Digital's stock. Their forecasts range from $46.00 to $101.00. On average, they anticipate Western Digital's stock price to reach $74.04 in the next year. This suggests a possible upside of 93.8% from the stock's current price. View analysts' price targets for Western Digital.

What are Wall Street analysts saying about Western Digital stock?

Here are some recent quotes from research analysts about Western Digital stock:

1. According to Zacks Investment Research, "Western Digital reported mixed second-quarter fiscal 2020 results, wherein earnings outpaced the Zacks Consensus Estimate, while revenues lagged the same. Softness in NAND flash pricing trends which has been on the decline on account of oversupply and lower-than-expected growth in end-market demand, weighed on revenues, which remained flat on a year-over-year basis. Moreover, stiff competition from peers like Seagate is likely to add to pricing pressure woes in the near term. Nevertheless, improving demand for capacity enterprise drives is bolstering revenues from the Data center devices and solutions segment, which holds promise. We believe new enhancements to its data center storage portfolio and other product rollouts add to the positives. Notably, shares of the company have outperformed the industry in the past year." (2/7/2020)
2. Benchmark Co. analysts commented, "Western Digital reported significant gains and growing momentum for its NVMe SSD platforms. The revenue ramp is commencing at major hyperscale and OEM customers." (8/1/2019)
3. Maxim Group analysts commented, "Semicon West data points support our prior contention that Yangtze Memory Technologies (YMTC – private) architecture is not viable. Multiple data points suggest semi demand has bottomed, while recent spot pricing indicates NAND flash supply shocks are already having an impact. Reiterating Buy rating and 12-month price target of $126." (7/26/2019)

Has Western Digital been receiving favorable news coverage?

Press coverage about WDC stock has been trending very negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Western Digital earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned media coverage about the data storage provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutWestern Digital.

Are investors shorting Western Digital?

Western Digital saw a increase in short interest in March. As of March 13th, there was short interest totaling 7,860,700 shares, an increase of 7.7% from the February 27th total of 7,300,000 shares. Based on an average trading volume of 5,994,300 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.7% of the shares of the company are short sold. View Western Digital's Current Options Chain.

Who are some of Western Digital's key competitors?

Some companies that are related to Western Digital include NetApp (NTAP), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC).

What other stocks do shareholders of Western Digital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Digital investors own include Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Visa (V), Advanced Micro Devices (AMD), Applied Materials (AMAT), Netflix (NFLX), Cisco Systems (CSCO) and QUALCOMM (QCOM).

Who are Western Digital's key executives?

Western Digital's management team includes the following people:

Mr. Stephen D. Milligan, CEO & Director (Age 56)
Mr. Michael D. Cordano, Pres & COO (Age 55)
Mr. Mark Patrick Long, CFO & Chief Strategy Officer (Age 52)
Mr. Martin R. Fink, CTO & Exec. VP (Age 54)
Dr. Srinivasan Sivaram, Exec. VP of Silicon Technology & Manufacturing (Age 59)

What is Western Digital's stock symbol?

Western Digital trades on the NASDAQ under the ticker symbol "WDC."

Who are Western Digital's major shareholders?

Western Digital's stock is owned by many different institutional and retail investors. Top institutional investors include Nexus Investment Management Inc. (0.10%). Company insiders that own Western Digital stock include Henry T Denero, Lori S Sundberg, Mark P Long, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, Michael D Lambert, Paula A Price, Srinivasan Sivaram and Stephen D Milligan. View institutional ownership trends for Western Digital.

Which institutional investors are buying Western Digital stock?

WDC stock was purchased by a variety of institutional investors in the last quarter, including Nexus Investment Management Inc.. View insider buying and selling activity for Western Digital.

How do I buy shares of Western Digital?

Shares of WDC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Western Digital's stock price today?

One share of WDC stock can currently be purchased for approximately $38.21.

How big of a company is Western Digital?

Western Digital has a market capitalization of $11.42 billion and generates $16.57 billion in revenue each year. The data storage provider earns $-754,000,000.00 in net income (profit) each year or $3.81 on an earnings per share basis. Western Digital employs 61,800 workers across the globe. View additional information about Western Digital.

What is Western Digital's official website?

The official website for Western Digital is http://www.westerndigital.com/.

How can I contact Western Digital?

Western Digital's mailing address is 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 95119. The data storage provider can be reached via phone at 408-717-6000 or via email at [email protected]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

NASDAQ:WDCWestern Digital Stock Price, Forecast & News

Adding

Adding

Adding Western Digital Corp

Beat the Market (BTM) Rank™

4.3 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage