NASDAQ:WDCWestern Digital Stock Price, Forecast & News

$42.42

-0.27 (-0.63 %)

(As of 05/25/2020 04:00 PM ET)

Add

Compare

Today's Range

$41.91

Now: $42.42▼

$42.89

50-Day Range

$37.83

MA: $41.79▼

$47.73

52-Week Range

$27.40

Now: $42.42▼

$72.00

Volume3.43 million shs

Average Volume6.71 million shs

Market Capitalization$12.71 billion

P/E RatioN/A

Dividend Yield4.71%

Beta1.69

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.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Western Digital has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 17 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $70.67, Western Digital has a potential upside of 66.6% from its current price of $42.42.
Amount of Analyst Coverage
Western Digital has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.1 Community Rank

Outperform Votes
Western Digital has received 1,886 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Digital has received 1,180 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Digital has received 61.51% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Western Digital is a leading dividend payer. It pays a dividend yield of 4.71%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Western Digital does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Western Digital is 52.49 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Western Digital will have a dividend payout ratio of 42.02 % next year. This indicates that Western Digital will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Digital insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.44% of the stock of Western Digital is held by insiders.
Percentage Held by Institutions
79.91% of the stock of Western Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Western Digital are expected to grow by 112.50% in the coming year, from $2.24 to $4.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Western Digital is -21.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Digital is -21.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Western Digital has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.73 out of 5 stars

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

Webwww.westerndigital.com

Phone408-717-6000

Debt

Debt-to-Equity Ratio1.01

Current Ratio1.91

Quick Ratio1.22

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio18.94

P/E GrowthN/A

Sales & Book Value

Annual Sales$16.57 billion

Price / Sales0.77

Cash Flow$10.15 per share

Price / Cash Flow4.18

Book Value$34.02 per share

Price / Book1.25

Profitability

EPS (Most Recent Fiscal Year)$3.81

Net Income$-754,000,000.00

Net Margins-3.70%

Return on Equity3.42%

Return on Assets1.26%

Miscellaneous

Employees61,800

Outstanding Shares299,700,000

Market Cap$12.71 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

Receive WDC News and Ratings via Email

Sign-up to receive the latest news and ratings for WDC and its competitors with MarketBeat's FREE daily newsletter.

Western Digital (NASDAQ:WDC) Frequently Asked Questions

How has Western Digital's stock been impacted by COVID-19 (Coronavirus)?

Western Digital's stock was trading at $45.14 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WDC stock has decreased by 6.0% and is now trading at $42.42. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Western Digital?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 1 sell rating, 7 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Digital.

When is Western Digital's next earnings date?

Western Digital is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Western Digital.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) posted its quarterly earnings data on Thursday, April, 30th. The data storage provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.92 by $0.07. The data storage provider earned $4.18 billion during the quarter, compared to analyst estimates of $4.16 billion. Western Digital had a positive return on equity of 3.42% and a negative net margin of 3.70%. The company's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. View Western Digital's earnings history.

How often does Western Digital pay dividends? What is the dividend yield for Western Digital?

Western Digital declared a quarterly dividend on Thursday, February 13th. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.50 per share on Friday, April 17th. This represents a $2.00 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, April 2nd. View Western Digital's dividend history.

How will Western Digital's stock buyback program work?

Western Digital declared that its board has approved a stock 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 reacquire up to 22.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

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

Western Digital updated its fourth quarter earnings guidance on Thursday, April, 30th. The company provided EPS guidance of $1.00-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.20. The company issued revenue guidance of $4.25-4.45 billion, compared to the consensus revenue estimate of $4.25 billion.

What price target have analysts set for WDC?

25 equities research analysts have issued 1 year price targets for Western Digital's shares. Their forecasts range from $42.00 to $101.00. On average, they anticipate Western Digital's stock price to reach $70.67 in the next year. This suggests a possible upside of 66.6% from the stock's current price. View analysts' price targets 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. According to Zacks Investment Research, "Western Digital’s third-quarter fiscal 2020 results benefited from strong demand for client and enterprise Solid State Drives (SSDs) as well as uptrend in flash pricing. Moreover, solid traction for its 14-terabyte drives and robust traction for 16 and 18-terabyte energy assisted drives is a key catalyst. Further, the coronavirus crisis in China will likely aid the company as it is projected to create a constrained near-term NAND supply and favor its financial performance. Notably, shares have outperformed the industry in the past year. However, ballooning debt levels have been troubling Western Digital for quite some time. Also, macroeconomic woes and declining demand for desktop as well as smart video hard drives amid the pandemic are headwinds." (5/22/2020)
2. Benchmark Co. analysts commented, "Western Digital reported significant gains and growing momentum for its NVMe SSD platforms. The revenue ramp is commencing at major hyperscale and OEM customers." (8/1/2019)
3. Maxim Group analysts commented, "Semicon West data points support our prior contention that Yangtze Memory Technologies (YMTC – private) architecture is not viable. Multiple data points suggest semi demand has bottomed, while recent spot pricing indicates NAND flash supply shocks are already having an impact. Reiterating Buy rating and 12-month price target of $126." (7/26/2019)

Has Western Digital been receiving favorable news coverage?

Media headlines about WDC stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog 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 news impact score of 1.5 on InfoTrie's scale. They also assigned news coverage about the data storage provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutWestern Digital.

Are investors shorting Western Digital?

Western Digital saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 8,720,000 shares, an increase of 12.2% from the March 31st total of 7,770,000 shares. Based on an average daily trading volume, of 6,091,400 shares, the days-to-cover ratio is currently 1.4 days. Currently, 3.0% of the shares of the stock 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), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC) and HGST Technologies Santa Ana (STEC). View all competitors.

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), Intel (INTC), Advanced Micro Devices (AMD), Netflix (NFLX), Visa (V), Applied Materials (AMAT), Cisco Systems (CSCO) and QUALCOMM (QCOM).

Who are Western Digital's key executives?

Western Digital's management team includes the following 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)

What is Western Digital's stock symbol?

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

Who are Western Digital's major shareholders?

Western Digital's stock is owned by a number of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (3.58%), Franklin Resources Inc. (2.41%), Geode Capital Management LLC (1.65%), Lyrical Asset Management LP (1.40%), Alliancebernstein L.P. (1.27%) and Nuveen Asset Management LLC (0.89%). 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, 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 Toronto Dominion Bank, Franklin Resources Inc., MUFG Americas Holdings Corp, Lyrical Asset Management LP, First Trust Advisors LP, Balyasny Asset Management LLC, Primecap Management Co. CA, and Fred Alger Management LLC. Company insiders that have sold Western Digital company stock in the last year include Lori S Sundberg, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, and Stephen D Milligan. View insider buying and selling activity for Western Digital.

Which major investors are buying Western Digital stock?

WDC stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, FDx Advisors Inc., APG Asset Management N.V., Sumitomo Mitsui Trust Holdings Inc., Phoenix Holdings Ltd., Deprince Race & Zollo Inc., Pinpoint Asset Management Ltd, and Swiss National Bank. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Western Digital's stock price today?

One share of WDC stock can currently be purchased for approximately $42.42.

How big of a company is Western Digital?

Western Digital has a market capitalization of $12.71 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.

What is Western Digital's official website?

The official website for Western Digital is www.westerndigital.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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff