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Western Digital Stock Price, Forecast & Analysis (NASDAQ:WDC)

$48.46
+0.62 (+1.30 %)
(As of 11/22/2019 04:00 PM ET)
Today's Range
$47.96
Now: $48.46
$48.87
50-Day Range
$47.65
MA: $55.89
$63.06
52-Week Range
$33.83
Now: $48.46
$65.31
Volume2.94 million shs
Average Volume6.01 million shs
Market Capitalization$14.41 billion
P/E Ratio12.72
Dividend Yield4.18%
Beta1.82
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. Read More…

Industry, Sector and Symbol

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Current SymbolNASDAQ:WDC
CUSIP95810210
Phone408-717-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.57 billion
Cash Flow$10.35 per share
Book Value$32.17 per share

Profitability

Net Income$-754,000,000.00

Miscellaneous

Employees61,800
Market Cap$14.41 billion
Next Earnings Date1/23/2020 (Estimated)
OptionableOptionable

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Western Digital (NASDAQ:WDC) Frequently Asked Questions

What is Western Digital's stock symbol?

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

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

Western Digital announced a quarterly dividend on Thursday, November 14th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.50 per share on Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, January 2nd. View Western Digital's Dividend History.

How will Western Digital's stock buyback program work?

Western Digital declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 26th 2018, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 22.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its stock is undervalued.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) posted its quarterly earnings data on Wednesday, October, 30th. The data storage provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.07) by $0.41. The data storage provider earned $4.04 billion during the quarter, compared to analyst estimates of $3.92 billion. Western Digital had a positive return on equity of 3.28% and a negative net margin of 9.89%. Western Digital's revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. View Western Digital's Earnings History.

When is Western Digital's next earnings date?

Western Digital is scheduled to release their next quarterly earnings announcement on Thursday, January 23rd 2020. View Earnings Estimates for Western Digital.

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

Western Digital issued an update on its second quarter earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $0.45-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.75. The company issued revenue guidance of $4.10-4.30 billion, compared to the consensus revenue estimate of $4.20 billion.

What price target have analysts set for WDC?

25 brokerages have issued 1-year price targets for Western Digital's stock. Their forecasts range from $30.00 to $126.00. On average, they anticipate Western Digital's share price to reach $62.50 in the next year. This suggests a possible upside of 29.0% from the stock's current price. View Analyst Price Targets for Western Digital.

What is the consensus analysts' recommendation for Western Digital?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 3 sell ratings, 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings 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. 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)
  • 2. 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)
  • 3. According to Zacks Investment Research, "Western Digital is bearing the brunt of sluggish demand for client compute hard drives. Uncertain macroeconomic environment, declining trend in PC shipments and softness in NAND flash pricing trends are major concerns. Moreover, stiff competition from peers and pricing pressure are other woes. Shares of the company have underperformed the industry in the past one year. Furthermore, the company has mixed record of earnings surprises in the recent quarters. Estimates have been stable lately ahead of the company’s Q3 earnings release. Nevertheless, robust adoption of NVMe client SSDs, iNAND solutions and new design wins bode well. Synergies from SanDisk and HGST acquisitions are other positives. The company’s strength in BiCS3 and BiCS4 offerings deserve a special mention. New enhancements to its data center storage portfolio and other product rollouts are expected to boost growth." (4/18/2019)

Has Western Digital been receiving favorable news coverage?

News headlines about WDC stock have trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Western Digital earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave media stories 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 company's share price in the next several days. View News Stories for Western Digital.

Are investors shorting Western Digital?

Western Digital saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 12,830,000 shares, an increase of 7.0% from the September 15th total of 11,990,000 shares. Based on an average daily volume of 4,230,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 4.4% of the shares of the stock 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), Alibaba Group (BABA), NVIDIA (NVDA), Visa (V), Intel (INTC), Netflix (NFLX), Applied Materials (AMAT), Seagate Technology (STX), Cisco Systems (CSCO) and Gilead Sciences (GILD).

Who are Western Digital's key executives?

Western Digital's management team includes the folowing 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)

Who are Western Digital's major shareholders?

Western Digital's stock is owned by a variety of of institutional and retail investors. Top institutional investors include First Trust Advisors LP (0.66%), Sumitomo Mitsui Trust Holdings Inc. (0.38%), Newport Trust Co (0.31%), Robeco Institutional Asset Management B.V. (0.27%), Artemis Investment Management LLP (0.26%) and California Public Employees Retirement System (0.21%). 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 major investors are selling Western Digital stock?

WDC stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, DNB Asset Management AS, Villere ST Denis J & Co. LLC, State of New Jersey Common Pension Fund D, Alps Advisors Inc., Sumitomo Mitsui Trust Holdings Inc., Massachusetts Financial Services Co. MA and Commerzbank Aktiengesellschaft FI. Company insiders that have sold Western Digital company stock in the last year include Lori S Sundberg, Mark P Long, Matthew E Massengill, Michael Charles Ray and Michael D Cordano. View Insider Buying and Selling for Western Digital.

Which major investors are buying Western Digital stock?

WDC stock was acquired by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, California Public Employees Retirement System, State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Tower Research Capital LLC TRC, NuWave Investment Management LLC, IFM Investors Pty Ltd and Strategic Wealth Partners Ltd.. View Insider Buying and Selling 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 $48.46.

How big of a company is Western Digital?

Western Digital has a market capitalization of $14.41 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, 92612. The data storage provider can be reached via phone at 408-717-6000 or via email at [email protected]


MarketBeat Community Rating for Western Digital (NASDAQ WDC)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  1,829 (Vote Outperform)
Underperform Votes:  1,073 (Vote Underperform)
Total Votes:  2,902
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.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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