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

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$37.56 -1.64 (-4.18 %)
(As of 01/23/2019 06:23 AM ET)
Previous Close$39.20
Today's Range$37.43 - $38.97
52-Week Range$33.83 - $106.96
Volume6.51 million shs
Average Volume7.42 million shs
Market Capitalization$10.87 billion
P/E Ratio2.78
Dividend Yield5.48%
Beta1.22
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

Industry Computer storage devices
Sub-IndustryComputer Storage & Peripherals
SectorComputer and Technology
Current SymbolNASDAQ:WDC
CUSIP95810210
Phone408-717-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.65 billion
Cash Flow$20.5246 per share
Book Value$38.53 per share

Profitability

Net Income$675 million

Miscellaneous

Employees71,600
Market Cap$10.87 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. Investors of record on Friday, December 28th will be given 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 5.32%. 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 has approved a share buyback program on Thursday, July 26th 2018, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 22.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

How were Western Digital's earnings last quarter?

Western Digital Corp (NASDAQ:WDC) released its quarterly earnings results on Thursday, October, 25th. The data storage provider reported $2.78 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.70 by $0.08. The data storage provider earned $5.03 billion during the quarter, compared to the consensus estimate of $5.14 billion. Western Digital had a net margin of 2.46% and a return on equity of 35.37%. 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.

How can I listen to Western Digital's earnings call?

Western Digital will be holding an earnings conference call on Thursday, January 24th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for WDC?

29 Wall Street analysts have issued twelve-month target prices for Western Digital's stock. Their forecasts range from $30.00 to $126.00. On average, they anticipate Western Digital's share price to reach $74.5833 in the next twelve months. This suggests a possible upside of 98.6% from the stock's current price. View Analyst Price Targets for Western Digital.

What is the consensus analysts' recommendation 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, 16 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. According to Zacks Investment Research, "Western Digital is one of the largest HDD producers in the U.S. Strong demand for hard drive and NAND-based products across all categories of customers, is a key catalysts.Further, robust adoption of NVMe client SSDs, iNAND solutions and new design wins remain other positives. Western Digital is also significantly benefiting from synergies related to SanDisk and HGST acquisitions. The company’s strength in BiCS3 and BiCS4 offerings deserve a special mention. We believe that new enhancements to its data center storage portfolio and other product rollouts add to the positives. However, the company intends to temporarily reduce flash output. Further, sluggishness in client compute hard drives demand and weakness flash storage market remains a headwind. Moreover, stiff competition from peers with pricing pressure adds to woes. Shares of the company have underperformed the industry over the past one year." (12/31/2018)
  • 2. 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)
  • 3. 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)
  • 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?

Media stories about WDC stock have been trending positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Western Digital earned a media sentiment score of 2.8 on InfoTrie's scale. They also gave media coverage about the data storage provider a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the company's share price in the next several days.

Are investors shorting Western Digital?

Western Digital saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 16,673,690 shares, an increase of 29.3% from the December 14th total of 12,894,688 shares. Based on an average daily volume of 6,739,463 shares, the days-to-cover ratio is presently 2.5 days. Currently, 5.9% of the company's stock are short sold. 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), Seagate Technology (STX), Pure Storage (PSTG), Quantum (QMCO) and Quantum (QTM).

Who are Western Digital's key executives?

Western Digital's management team includes the folowing 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)

Who are Western Digital's major shareholders?

Western Digital's stock is owned by many different of retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (0.84%), Villere ST Denis J & Co. LLC (0.39%), Bank of Montreal Can (0.29%), Nexus Investment Management Inc. (0.09%), James Investment Research Inc. (0.06%) and Nisa Investment Advisors LLC (0.05%). 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.

Which major investors are selling Western Digital stock?

WDC stock was sold by a variety of institutional investors in the last quarter, including Villere ST Denis J & Co. LLC, Bowling Portfolio Management LLC, Meeder Asset Management Inc., Cornerstone Investment Partners LLC, Gulf International Bank UK Ltd, Cozad Asset Management Inc., Coastline Trust Co and First Hawaiian Bank. 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.

Which major investors are buying Western Digital stock?

WDC stock was bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Hendley & Co. Inc., Empowered Funds LLC, Nexus Investment Management Inc., Virtu Financial LLC, NuWave Investment Management LLC, QUANTRES ASSET MANAGEMENT Ltd and Nisa Investment Advisors LLC. 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 $37.56.

How big of a company is Western Digital?

Western Digital has a market capitalization of $10.87 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:  1,752 (Vote Outperform)
Underperform Votes:  910 (Vote Underperform)
Total Votes:  2,662
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 1/23/2019 by MarketBeat.com Staff

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