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

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

Western Digital declared a quarterly dividend on Thursday, November 14th. Investors 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 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Thursday, January 2nd. View Western Digital's Dividend History.

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

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

Western Digital is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Western Digital.

Western Digital will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Western Digital issued an update on its second quarter earnings guidance on Wednesday, October, 30th. The company provided earnings per share (EPS) guidance of $0.45-0.65 for the period, compared to the Thomson Reuters consensus earnings per share 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.

25 Wall Street analysts have issued 12-month price targets for Western Digital's shares. Their forecasts range from $40.00 to $126.00. On average, they expect Western Digital's stock price to reach $72.76 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price. View Analyst Price Targets for Western Digital.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 2 sell ratings, 7 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Western Digital.

News articles about WDC stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. 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 -1.6 on InfoTrie's scale. They also assigned media stories about the data storage provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Western Digital.

Western Digital saw a decrease in short interest in December. As of December 31st, there was short interest totalling 12,920,000 shares, a decrease of 7.6% from the December 15th total of 13,980,000 shares. Based on an average daily trading volume, of 4,970,000 shares, the short-interest ratio is currently 2.6 days. Currently, 4.5% of the company's stock are sold short. View Western Digital's Current Options Chain.

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

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), Applied Materials (AMAT), Cisco Systems (CSCO), Advanced Micro Devices (AMD) and Seagate Technology (STX).

Western Digital's stock is owned by many different of retail and institutional investors. Top institutional investors include DNB Asset Management AS (0.27%), Nexus Investment Management Inc. (0.09%), Grassi Investment Management (0.08%), State of Alaska Department of Revenue (0.06%), Commerzbank Aktiengesellschaft FI (0.05%) and Nisa Investment Advisors LLC (0.05%). 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.

WDC stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, NEXT Financial Group Inc, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Inlet Private Wealth LLC, CENTRAL TRUST Co, Gilman Hill Asset Management LLC, Nisa Investment Advisors LLC and Arthur M. Cohen & Associates LLC. 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, Michael D Cordano and Stephen D Milligan. View Insider Buying and Selling for Western Digital.

WDC stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Exane Derivatives, State of Alaska Department of Revenue, Mitsubishi UFJ Asset Management UK Ltd., Assenagon Asset Management S.A., FNY Investment Advisers LLC, Cerebellum GP LLC and Smith Graham & Co. Investment 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, Robinhood, Fidelity and Charles Schwab.

One share of WDC stock can currently be purchased for approximately $70.93.

Western Digital has a market capitalization of $21.09 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.

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

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]