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 Friday, February 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.50 per share on Monday, April 15th. This represents a $2.00 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, March 28th. View Western Digital's Dividend History.

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

Western Digital Corp (NASDAQ:WDC) issued its earnings results on Thursday, January, 24th. The data storage provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.18. The data storage provider earned $4.23 billion during the quarter, compared to analyst estimates of $4.26 billion. Western Digital had a net margin of 4.34% and a return on equity of 28.88%. Western Digital's revenue was down 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.95 EPS. View Western Digital's Earnings History.

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

Western Digital issued an update on its third quarter earnings guidance on Thursday, January, 24th. The company provided earnings per share (EPS) guidance of $0.40-0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.06. The company issued revenue guidance of $3.6-3.8 billion, compared to the consensus revenue estimate of $3.89 billion.

29 equities research analysts have issued twelve-month target prices for Western Digital's shares. Their forecasts range from $30.00 to $126.00. On average, they anticipate Western Digital's share price to reach $66.0435 in the next twelve months. This suggests a possible upside of 40.0% from the stock's current price. View Analyst Price Targets for Western Digital.

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 1 sell rating, 15 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Western Digital.

Headlines about WDC stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Western Digital earned a news sentiment score of -3.6 on InfoTrie's scale. They also assigned media coverage about the data storage provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next few days.

Western Digital saw a decrease in short interest in the month of February. As of February 28th, there was short interest totalling 18,516,323 shares, a decrease of 8.7% from the February 15th total of 20,288,423 shares. Based on an average daily trading volume, of 5,979,049 shares, the short-interest ratio is presently 3.1 days. Currently, 6.5% of the company's stock 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), Intel (INTC), Netflix (NFLX), Applied Materials (AMAT), Gilead Sciences (GILD), Cisco Systems (CSCO), Bank of America (BAC) and Seagate Technology (STX).

Western Digital's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.42%), Oregon Public Employees Retirement Fund (2.83%), American International Group Inc. (2.56%), Iridian Asset Management LLC CT (2.05%), Geode Capital Management LLC (1.63%) and FMR LLC (1.57%). 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 BlackRock Inc., Victory Capital Management Inc., Iridian Asset Management LLC CT, New York State Common Retirement Fund, Fort Pitt Capital Group LLC, WINTON GROUP Ltd, Nuveen Asset Management LLC and Villere ST Denis J & Co. 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, Michael D Lambert, Paula A Price, Srinivasan Sivaram and Stephen D Milligan. View Insider Buying and Selling for Western Digital.

WDC stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, American International Group Inc., Norges Bank, DNB Asset Management AS, FMR LLC, Bank of New York Mellon Corp, Alps Advisors 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 $47.17.

Western Digital has a market capitalization of $13.72 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, 95119. The data storage provider can be reached via phone at 408-717-6000 or via email at [email protected]