Western Digital Corporation Company Profile (NASDAQ:WDC)

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

Western Digital Corporation announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Friday, June 30th will be given a dividend of $0.50 per share on Monday, July 17th. This represents a $2.00 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, June 28th. View Western Digital Corporation's Dividend History.

Western Digital Corporation (NASDAQ:WDC) issued its earnings results on Thursday, April, 27th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.85 by $0.22. The firm earned $4.65 billion during the quarter, compared to the consensus estimate of $4.57 billion. Western Digital Corporation had a negative net margin of 1.32% and a positive return on equity of 16.01%. The business's revenue was up 64.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. View Western Digital Corporation's Earnings History.

Western Digital Corporation is scheduled to release their next quarterly earnings announcement on Thursday, July, 27th 2017. View Earnings Estimates for Western Digital Corporation.

Western Digital Corporation updated its fourth quarter earnings guidance on Monday, June, 26th. The company provided EPS guidance of $2.85 for the period, compared to the Thomson Reuters consensus estimate of $2.64. The company issued revenue guidance of $4.8 billion, compared to the consensus revenue estimate of $4.81 billion.

34 analysts have issued 12 month target prices for Western Digital Corporation's stock. Their predictions range from $39.00 to $140.00. On average, they expect Western Digital Corporation's stock price to reach $103.92 in the next twelve months. View Analyst Ratings for Western Digital Corporation.

Here are some recent quotes from research analysts about Western Digital Corporation stock:

• 1. According to Zacks Investment Research, "Western Digital has outperformed the S&P 500 index on a year-to-date basis. The company continues to benefit from ongoing shift toward non-PC applications, secular growth of digital data and growing exposure to the small and medium business space. Moreover, we are encouraged by the company’s launch of a string of storage devices under the mobile and cloud segment.  These factors are anticipated to be growth catalysts, going forward. Moreover, the SanDisk acquisition not only expands Western Digital’s offerings in the SSD segment, but also provides a competitive edge against peers such as Seagate. However, the ongoing feud with Toshiba related to the sale of its stake in the NAND flash joint venture is a concern for Western Digital." (7/4/2017)
• 2. Mizuho analysts commented, "We believe near-term, investors could share WDC’s concerns on its IP being shared. On the laterals, we believe it is positive for AVGO, more competitive for MU as if consummated the deal could enable Hynix be more competitive in NAND." (6/21/2017)
• 3. Maxim Group analysts commented, "We share WDC management’s concern regarding Hynix gaining a stake in the Toshiba-Sandisk JVs given Hynix has fabs outside of the JV agreement. We believe WDC’s consent rights are valid and enforceable. We view Toshiba’s stake in the memory operations worth ~$18B, utilizing normalized earnings power. We expect WDC to participate and Hynix not to in the finalized deal, at fair valuation." (6/21/2017)
• 4. Benchmark Co. analysts commented, "Western Digital continues to report progress on the ramp of its 64 layer BiCS NAND Chip which along with constrained supply bode well for WDC. Company Update Rating: Buy Current Price $88.03 Price Target $135.00 52-Wk Range $40.98 – $91.00 Market Cap (B) $25.6 Enterprise Value (B) $31.8 Shares Outstanding 291,240,000 Avg. Volume (30 day) 4,190,253 Float 290,500,000 Dividend Yield % 2.27 Annual Dividend $2.00 Sector Weight Market Weight Mark Miller 925-648-2692 [email protected]/* */ FY Jun Q1 Q2 Q3 Q4 Total P/E EPS 2016A $1.56A $1.60A $1.21A $0.79A $5.16A 17.1 2017E $1.18A $2.30A $2.39A $2.62E $8.49E 10.4 2018E $3.31E $3.51E $3.24E $2.95E $13.01E 6.8 Revenue (m) 2016A $3,360A $3,317A $2,822A $3,495A $12,994A 2017E $4,714A $4,888A $4,649A $4,800E $19,051E 2018E $5,100E $5,250E $5,050E $4,850E $20,250E Western Digital Corp. (WDC) May 24, 2017 Page 2 Checks Indicate Normal Channel HDD Inventories and Continued Strong Demand for NAND Flash The June quarter has historically been the slowest quarter of the year for hard drive sales when inventories rise and pricing can slip." (5/24/2017)
• 5. Royal Bank Of Canada analysts commented, " We see room for upside to March/June estimates driven by three factors: 1) Lower interest expense (~9c annual benefit), 2) better NAND pricing environment (MLC +2% & TLC +40% y/ y in Q1) and 3) Stable HDD trends with uptick in 10TB. We see positive NAND pricing as a lever for upside in March & June-qtr for WDC vs. current expectations. We realize stock will be relatively rangebound till we get clarity around Toshiba, we think if FTM estimates move higher it will drive upside bias to WDC stock. Next set of data points to watch are: 1) MU EPS on 3/23 and 2) Toshiba update end of March. Net/Net: We remain positively biased on WDC as stock continues to operate under 'Goldilocks' scenario that should sustain through CY17. We see upside bias towards $12.00+ EPS by FY18. Maintain OP but adjusting our target to $92 (prior $90) to reflect higher FTM estimates." (3/21/2017)

Some companies that are related to Western Digital Corporation include T-Mobile US (TMUS), Applied Materials (AMAT), Cognizant Technology Solutions Corporation (CTSH), NetEase (NTES), NXP Semiconductors N.V. (NXPI), Canon (CAJ), Vmware (VMW), Nokia Corporation (NOK), Infosys Limited (INFY), China Unicom (Hong Kong) Ltd (CHU), Micron Technology (MU), Intuit (INTU), Sprint Corporation (S), Koninklijke Philips N.V. (PHG), HP (HPQ), Hewlett Packard Enterprise Company (HPE), Wipro Limited (WIT) and Corning Incorporated (GLW).

Western Digital Corporation's management team includes the folowing people:

• Matthew E. Massengill, Chairman of the Board
• Michael D. Cordano, President, Chief Operating Officer
• Stephen D. Milligan, Chief Executive Officer, Director
• Mark P. Long, Executive Vice President, Chief Financial Officer, Chief Strategy Officer
• Jacqueline M. DeMaria, Chief Human Resource Officer, Executive Vice President
• Steven Glenn Campbell, Executive Vice President, Chief Technology Officer
• Michael Charles Ray, Executive Vice President, Chief Legal Officer, Secretary
• Martin R. Fink, Chief Technology Officer
• Len J. Lauer, Lead Independent Director
• Martin I. Cole, Independent Director

Western Digital Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Villere ST Denis J & Co. LLC (0.35%), APG Asset Management N.V. (0.34%), Cornerstone Investment Partners LLC (0.32%), RE Advisers Corp (0.26%), Miller Howard Investments Inc. NY (0.20%) and Hermes Investment Management Ltd. (0.16%). Company insiders that own Western Digital Corporation stock include Henry T Denero, Jacqueline Demaria, Manish H Bhatia, Mark P Long, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, Olivier Leonetti, Sanjay Mehrotra, Srinivasan Sivaram and Stephen D Milligan. View Institutional Ownership Trends for Western Digital Corporation.

Western Digital Corporation's stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, APG Asset Management N.V., Cornerstone Investment Partners LLC, Hermes Investment Management Ltd., Gilman Hill Asset Management LLC, Ledyard National Bank, Bank of Montreal Can and Diversified Trust Co. Company insiders that have sold Western Digital Corporation stock in the last year include Henry T Denero, Jacqueline Demaria, Manish H Bhatia, Mark P Long, Matthew E Massengill, Michael Charles Ray, Michael D Cordano, Sanjay Mehrotra, Srinivasan Sivaram and Stephen D Milligan. View Insider Buying and Selling for Western Digital Corporation.

Western Digital Corporation's stock was purchased by a variety of institutional investors in the last quarter, including James Investment Research Inc., Oregon Public Employees Retirement Fund, National Pension Service, Manning & Napier Advisors LLC, Mn Services Vermogensbeheer B.V., First National Bank of Omaha, NN Investment Partners Holdings N.V. and Barometer Capital Management Inc.. View Insider Buying and Selling for Western Digital Corporation.

Shares of Western Digital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Western Digital Corporation stock can currently be purchased for approximately $94.62.