NASDAQ:WDC - Western Digital Stock Price, News, & Analysis

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$43.45 +1.50 (+3.58 %)

(As of 05/21/2019 04:00 PM ET)

Previous Close$41.95

Today's Range$42.55 - $43.72

52-Week Range$33.83 - $88.62

Volume3.96 million shs

Average Volume6.96 million shs

Market Capitalization$12.73 billion

P/E Ratio3.22

Dividend Yield4.77%

Beta1.49

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.

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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.wdc.com/

Phone408-717-6000

Debt

Debt-to-Equity Ratio1.01

Current Ratio2.11

Quick Ratio1.30

Price-To-Earnings

Trailing P/E Ratio3.22

Forward P/E Ratio10.68

P/E GrowthN/A

Sales & Book Value

Annual Sales$20.65 billion

Price / Sales0.62

Cash Flow$20.8894 per share

Price / Cash Flow2.08

Book Value$34.86 per share

Price / Book1.25

Profitability

EPS (Most Recent Fiscal Year)$13.51

Net Income$675 million

Net Margins1.10%

Return on Equity19.87%

Return on Assets7.76%

Miscellaneous

Employees71,600

Outstanding Shares292,998,000

Market Cap$12.73 billion

Next Earnings Date7/25/2019 (Estimated)

OptionableOptionable

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 declared a quarterly dividend on Thursday, May 2nd. Stockholders of record on Friday, June 28th will be given a dividend of $0.50 per share on Monday, July 15th. This represents a $2.00 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Thursday, June 27th. View Western Digital's Dividend History.

How will Western Digital's stock buyback program work?

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

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) issued its earnings results on Monday, April, 29th. The data storage provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by $0.29. The data storage provider earned $3.67 billion during the quarter, compared to analysts' expectations of $3.68 billion. Western Digital had a return on equity of 19.87% and a net margin of 1.10%. The firm's quarterly revenue was down 26.7% on a year-over-year basis. During the same quarter last year, the company earned $3.63 earnings per share. 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, July 25th 2019. View Earnings Estimates for Western Digital.

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

Western Digital issued an update on its fourth quarter earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of $0.10-0.30 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of $3.6-3.8 billion, compared to the consensus revenue estimate of $3.72 billion.

What price target have analysts set for WDC?

27 brokerages have issued twelve-month price objectives for Western Digital's shares. Their predictions range from $30.00 to $126.00. On average, they expect Western Digital's stock price to reach $60.4167 in the next year. This suggests a possible upside of 39.0% from the stock's current price. View Analyst Price Targets for Western Digital.

What is the consensus analysts' recommendation for Western Digital?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 2 sell ratings, 13 hold ratings and 12 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. Maxim Group analysts commented, "F3Q19 (Mar) results in-line, when normalized for write-down related to DRAM inventory, obscuring multiple positives. Overall flat q/q GM guidance likely conservative, given multiple data points. Reiterating Buy rating, normalized EPS power of ~$12.50 & 12-month $126 price target." (5/1/2019)
2. 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)
3. Benchmark Co. analysts commented, "Western Digital has its own controller and firmware in two new additions to its portfolio of NVMe-based systems for data center and cloud customers, the Western Digital Ultrastar DC SN630 NVMe SSD and the Western Digital CL SN720 NVMe SSD. With these additions Western Digital provides a full portfolio covering applications from edge- to-core, these additions employ 64 layer 3D NAND." (3/1/2019)
4. Guggenheim analysts commented, "We continue to estimate WDC’s EPS cycling down to ~$10 in CY19E but believe that is far better than many believe, with risk that sentiment might not trough until NAND margins do in Mar/Jun-19 (our cyclical forecast for a year now), but with today’s stock price more than discounting that." (9/17/2018)

Has Western Digital been receiving favorable news coverage?

Media stories about WDC stock have been trending somewhat negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Western Digital earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave press coverage about the data storage provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Are investors shorting Western Digital?

Western Digital saw a decrease in short interest during the month of April. As of April 15th, there was short interest totalling 14,634,394 shares, a decrease of 24.4% from the March 29th total of 19,354,757 shares. Based on an average trading volume of 5,035,754 shares, the days-to-cover ratio is presently 2.9 days. Approximately 5.2% of the company's shares are sold short. 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), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

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), Visa (V), Intel (INTC), Netflix (NFLX), Gilead Sciences (GILD), Applied Materials (AMAT), Seagate Technology (STX) and Cisco Systems (CSCO).

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 number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.90%), American International Group Inc. (2.44%), Wellington Management Group LLP (2.36%), Geode Capital Management LLC (1.71%), Iridian Asset Management LLC CT (1.53%) and FMR LLC (1.47%). Company insiders that own Western Digital stock include Henry T Denero, Jacqueline Demaria, Kathleen A Cote, Manish H Bhatia, 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 DNB Asset Management AS, AQR Capital Management LLC, Morgan Stanley, Iridian Asset Management LLC CT, JPMorgan Chase & Co., Bank of Montreal Can, American International Group Inc. and Neuberger Berman Group LLC. Company insiders that have sold Western Digital company stock in the last year include Henry T Denero, Mark P Long, Matthew E Massengill, Michael Charles Ray, Paula A Price and Srinivasan Sivaram. View Insider Buying and Selling for Western Digital.

Which major investors are buying Western Digital stock?

WDC stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., Renaissance Technologies LLC, Ceredex Value Advisors LLC, Sumitomo Mitsui Asset Management Company LTD, Toronto Dominion Bank, Goldman Sachs Group Inc. and First Trust Advisors LP. 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, Scottrade, Fidelity and Charles Schwab.

What is Western Digital's stock price today?

One share of WDC stock can currently be purchased for approximately $43.45.

How big of a company is Western Digital?

Western Digital has a market capitalization of $12.73 billion and generates $20.65 billion in revenue each year. The data storage provider earns $675 million in net income (profit) each year or $13.51 on an earnings per share basis. Western Digital employs 71,600 workers across the globe.

What is Western Digital's official website?

The official website for Western Digital is http://www.wdc.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 ( )
Outperform Votes:		1,778 (Vote Outperform)
Underperform Votes:		981 (Vote Underperform)
Total Votes:		2,759

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 5/21/2019 by MarketBeat.com Staff