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

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

Western Digital declared a quarterly dividend on Thursday, May 2nd. Shareholders of record on Friday, June 28th will be paid a dividend of $0.50 per share on Monday, July 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, June 27th. View Western Digital's Dividend History.

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

Western Digital Corp (NASDAQ:WDC) posted its earnings results on Monday, April, 29th. The data storage provider reported $0.17 EPS for the quarter, missing the Zacks' consensus estimate of $0.46 by $0.29. The data storage provider had revenue of $3.67 billion for 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 business's revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.63 earnings per share. View Western Digital's Earnings History.

Western Digital is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Western Digital.

Western Digital updated 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 EPS 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.

27 Wall Street analysts have issued 1-year target prices for Western Digital's shares. Their predictions range from $30.00 to $126.00. On average, they expect Western Digital's share price to reach $60.4167 in the next twelve months. This suggests a possible upside of 35.4% from the stock's current price. View Analyst Price Targets 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.

Media stories about WDC stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Western Digital earned a media sentiment score of 1.9 on InfoTrie's scale. They also assigned news coverage about the data storage provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Western Digital saw a decline in short interest in April. As of April 15th, there was short interest totalling 14,634,394 shares, a decline of 24.4% from the March 29th total of 19,354,757 shares. Based on an average daily trading volume, of 5,035,754 shares, the short-interest ratio is presently 2.9 days. Approximately 5.2% of the shares of the company are short sold. View Western Digital's Current Options Chain.

Some companies that are related to Western Digital include NetApp (NTAP), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

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).

Western Digital's stock is owned by a variety 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.

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.

WDC stock was acquired 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.

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.

One share of WDC stock can currently be purchased for approximately $44.63.

Western Digital has a market capitalization of $13.08 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.

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

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]