Western Digital Corp. (NASDAQ:WDC) EVP Michael Charles Ray sold 5,589 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $63.11, for a total transaction of $352,721.79. Following the completion of the sale, the executive vice president now directly owns 46,994 shares in the company, valued at $2,965,791.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Michael Charles Ray also recently made the following trade(s):

  • On Monday, November 14th, Michael Charles Ray sold 1,000 shares of Western Digital Corp. stock. The shares were sold at an average price of $60.00, for a total transaction of $60,000.00.
  • On Monday, October 3rd, Michael Charles Ray sold 6,183 shares of Western Digital Corp. stock. The shares were sold at an average price of $60.00, for a total transaction of $370,980.00.
  • On Tuesday, September 27th, Michael Charles Ray sold 2,719 shares of Western Digital Corp. stock. The shares were sold at an average price of $58.63, for a total transaction of $159,414.97.

Western Digital Corp. (NASDAQ:WDC) opened at 62.67 on Wednesday. The firm’s 50-day moving average is $57.36 and its 200-day moving average is $50.86. The firm’s market capitalization is $17.89 billion. Western Digital Corp. has a 12 month low of $34.99 and a 12 month high of $64.73.

Western Digital Corp. (NASDAQ:WDC) last posted its quarterly earnings data on Wednesday, October 26th. The data storage provider reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.13. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.51 billion. Western Digital Corp. had a positive return on equity of 11.74% and a negative net margin of 2.73%. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. On average, equities research analysts expect that Western Digital Corp. will post $6.62 EPS for the current year.

Insider Buying and Selling by Quarter for Western Digital Corp. (NASDAQ:WDC)

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $2.00 annualized dividend and a yield of 3.19%. Western Digital Corp.’s payout ratio is presently -162.60%.

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WDC has been the topic of a number of recent analyst reports. Mizuho dropped their price objective on shares of Western Digital Corp. from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, August 25th. Vetr downgraded shares of Western Digital Corp. from a “strong-buy” rating to a “buy” rating and set a $51.50 price objective on the stock. in a research report on Monday, August 22nd. Jefferies Group dropped their price objective on shares of Western Digital Corp. from $62.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, August 17th. Argus reissued a “buy” rating and issued a $60.00 price objective on shares of Western Digital Corp. in a research report on Tuesday, August 2nd. Finally, Citigroup Inc. set a $65.00 target price on shares of Western Digital Corp. and gave the company a “buy” rating in a research report on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Western Digital Corp. presently has an average rating of “Buy” and an average target price of $68.25.

Hedge funds have recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Western Digital Corp. during the third quarter worth $13,934,000. Scout Investments Inc. increased its position in shares of Western Digital Corp. by 27.5% in the third quarter. Scout Investments Inc. now owns 395,199 shares of the data storage provider’s stock worth $23,107,000 after buying an additional 85,215 shares in the last quarter. Altfest L J & Co. Inc. increased its position in shares of Western Digital Corp. by 0.8% in the third quarter. Altfest L J & Co. Inc. now owns 5,486 shares of the data storage provider’s stock worth $321,000 after buying an additional 42 shares in the last quarter. LPL Financial LLC increased its position in shares of Western Digital Corp. by 19.9% in the third quarter. LPL Financial LLC now owns 35,250 shares of the data storage provider’s stock worth $2,069,000 after buying an additional 5,842 shares in the last quarter. Finally, Credit Suisse AG increased its position in shares of Western Digital Corp. by 15.5% in the third quarter. Credit Suisse AG now owns 853,977 shares of the data storage provider’s stock worth $49,932,000 after buying an additional 114,717 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Western Digital Corp. Company Profile

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. The Company’s product portfolio includes hard disk drives (HDDs), solid-state drives, direct attached storage solutions, personal cloud network attached storage solutions, and public and private cloud data center storage solutions.

5 Day Chart for NASDAQ:WDC

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