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

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$45.05 +0.36 (+0.81 %)
(As of 11/14/2018 04:00 PM ET)
Previous Close$44.69
Today's Range$44.63 - $46.44
52-Week Range$40.58 - $106.96
Volume4.36 million shs
Average Volume4.43 million shs
Market Capitalization$12.58 billion
P/E Ratio3.33
Dividend Yield4.60%
Beta1.17
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
Phone408-717-6000

Debt

Debt-to-Equity Ratio0.96
Current Ratio2.41
Quick Ratio1.70

Price-To-Earnings

Trailing P/E Ratio3.33
Forward P/E Ratio7.28
P/E Growth0.37

Sales & Book Value

Annual Sales$20.65 billion
Price / Sales0.63
Cash Flow$22.3020 per share
Price / Cash2.02
Book Value$39.30 per share
Price / Book1.15

Profitability

EPS (Most Recent Fiscal Year)$13.51
Net Income$675 million
Net Margins2.46%
Return on Equity35.37%
Return on Assets13.77%

Miscellaneous

Employees71,600
Outstanding Shares289,420,000
Market Cap$12.58 billion
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 announced a quarterly dividend on Wednesday, November 7th. Shareholders of record on Friday, December 28th will be paid a dividend of $0.50 per share on Monday, January 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, December 27th. View Western Digital's Dividend History.

How will Western Digital's stock buyback program work?

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

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) issued its quarterly earnings results on Thursday, April, 26th. The data storage provider reported $3.63 EPS for the quarter, beating the consensus estimate of $3.31 by $0.32. The data storage provider earned $5.01 billion during the quarter, compared to analysts' expectations of $4.93 billion. Western Digital had a net margin of 2.46% and a return on equity of 35.37%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.39 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 24th 2019. View Earnings Estimates for Western Digital.

What price target have analysts set for WDC?

27 equities research analysts have issued 1-year price objectives for Western Digital's stock. Their forecasts range from $42.00 to $126.00. On average, they expect Western Digital's stock price to reach $82.5217 in the next twelve months. This suggests a possible upside of 83.2% 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 1 sell rating, 14 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. 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)
  • 2. Maxim Group analysts commented, "Consistent with our published expectations, results & guidance make clear NAND flash down-cycle now playing out due to weak smartphone unit sales." (7/27/2018)
  • 3. According to Zacks Investment Research, "Western Digital continues to benefit from strong demand for the company’s high capacity enterprise hard drives and flash-based products. Moreover, increasing demand for data center devices and cloud solutions remains a key catalyst. Further, the company has started deploying 64-layer 3D NAND technology across its product portfolio and is expected to ramp up its 96-layer technology throughout the year. Western Digital expects the demand for high and mid-range capacity drives and increasing capacity of smartphones to support the higher rate of exabyte consumption in calendar year 2018. Further, the acquisitions of Upthere and Tegile Systems are helping the company in expanding its presence with a wider range of products and solutions. However, stiff competition from Seagate, Hitachi, Samsung and Intel in the storage coupled with pricing pressure remains headwind. Notably, shares of the company have underperformed the industry in past one year." (7/17/2018)
  • 4. Mizuho analysts commented, "We believe WDC remains well-positioned with good GMs, MAMR HDD ramping, the transition from 64L to 96L 3D NAND and an attractive valuation. No change to estimates; reiterating our Buy rating and $110 PT." (5/16/2018)
  • 5. BTIG Research analysts commented, "WDC’s business continues to operate like a finely tuned machine. The demand environment for digital storage continues to be robust, margins remain elevated, the balance sheet continues to improve, and WDC continues to generate ample cash and post earnings upside. To the latter point, F18 EPS will likely end up being in striking distance of $15, capping off 18 months of upward revisions to consensus estimates that started at $6.00. However, for 12 of those months, the stock has been range bound, as each near-term earnings boost has been seen as a can-kick of the inevitable “normalization” (CEO Milligan’s words, not ours) of supply/demand dynamics. This surely will sound euphemistic to investors, in part because there is such disagreement as to whether or not we are in a New Normal (to what exactly are we normalizing?). Regardless, the truth is that growth in shipments and erosion of ASPs doesn’t spell doom for margins and can be a good thing in an elastic market, especially as cost declines from technology leadership will mitigate volatility. While sentiment continues to be concerned about what’s over the next hill, we remain convinced that “normalization” doesn’t change the fact that supply continues to face constraints while demand drivers continue to diversify." (4/29/2018)

Has Western Digital been receiving favorable news coverage?

Headlines about WDC stock have trended somewhat negative this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing 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 five, with scores closest to five being the most favorable. Western Digital earned a daily sentiment score of -2.0 on InfoTrie's scale. They also gave news stories about the data storage provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.

Who are some of Western Digital's key competitors?

Who are Western Digital's key executives?

Western Digital's management team includes the folowing people:
  • Mr. Stephen D. Milligan, CEO & Director (Age 55)
  • Mr. Michael D. Cordano, Pres & COO (Age 54)
  • Mr. Mark Patrick Long, CFO & Chief Strategy Officer (Age 51)
  • Mr. Martin R. Fink, CTO & Exec. VP (Age 53)
  • Dr. Srinivasan Sivaram, Exec. VP of Memory Technology (Age 58)

Who are Western Digital's major shareholders?

Western Digital's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.87%), Franklin Resources Inc. (1.33%), LSV Asset Management (1.27%), FMR LLC (1.05%), Bank of New York Mellon Corp (1.03%) and Capital International Investors (0.83%). 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, Sanjay Mehrotra, Srinivasan Sivaram and Stephen D Milligan. View Institutional Ownership Trends for Western Digital.

Which institutional investors are selling Western Digital stock?

WDC stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Prudential Financial Inc., Janus Henderson Group PLC, Sumitomo Mitsui Asset Management Company LTD, Los Angeles Capital Management & Equity Research Inc., Mitsubishi UFJ Trust & Banking Corp, Bank of Montreal Can and TCW Group Inc.. 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, Michael D Cordano, Michael D Lambert, Paula A Price, Srinivasan Sivaram and Stephen D Milligan. View Insider Buying and Selling for Western Digital.

Which institutional investors are buying Western Digital stock?

WDC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Franklin Resources Inc., Capital International Investors, FMR LLC, DNB Asset Management AS, AXA, Villere ST Denis J & Co. LLC and LSV Asset Management. 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 $45.05.

How big of a company is Western Digital?

Western Digital has a market capitalization of $12.58 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, 95119. 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:  3.3 out of 5 (star star star)
Outperform Votes:  1,741 (Vote Outperform)
Underperform Votes:  882 (Vote Underperform)
Total Votes:  2,623
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 11/14/2018 by MarketBeat.com Staff

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