Fortis Group Advisors LLC elevated its stake in Western Digital Company (NASDAQ:WDC – Free Report) by 352,966.7% in the course of the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The fund owned 10,592 shares of the info storage supplier’s inventory after buying an extra 10,589 shares in the course of the interval. Fortis Group Advisors LLC’s holdings in Western Digital have been price $1,272,000 on the finish of the latest reporting interval.
A variety of different hedge funds and different institutional buyers have additionally modified their holdings of WDC. Crestwood Advisors Group LLC acquired a brand new stake in Western Digital within the third quarter price roughly $356,000. NEOS Funding Administration LLC grew its place in Western Digital by 51.7% in the course of the third quarter. NEOS Funding Administration LLC now owns 38,831 shares of the info storage supplier’s inventory valued at $4,662,000 after buying an extra 13,238 shares within the final quarter. Zweig DiMenna Associates LLC acquired a brand new stake in shares of Western Digital in the course of the third quarter valued at $10,685,000. GSA Capital Companions LLP bought a brand new stake in shares of Western Digital in the course of the third quarter price $598,000. Lastly, Rothschild Funding LLC boosted its place in Western Digital by 207.3% in the course of the third quarter. Rothschild Funding LLC now owns 1,644 shares of the info storage supplier’s inventory valued at $197,000 after buying an extra 1,109 shares over the last quarter. 92.51% of the inventory is presently owned by institutional buyers.
Western Digital Inventory Up 0.9%
Shares of NASDAQ WDC opened at $284.11 on Wednesday. Western Digital Company has a 52-week low of $28.83 and a 52-week excessive of $307.50. The corporate has a debt-to-equity ratio of 0.34, a fast ratio of 1.19 and a present ratio of 1.46. The inventory has a market cap of $96.32 billion, a P/E ratio of 28.50, a P/E/G ratio of 0.65 and a beta of 1.80. The agency has a 50 day transferring common value of $221.45 and a 200 day transferring common value of $155.08.
Western Digital (NASDAQ:WDC – Get Free Report) final issued its quarterly earnings information on Thursday, January twenty ninth. The information storage supplier reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a internet margin of 35.52% and a return on fairness of 41.53%. The enterprise had income of $3.02 billion for the quarter, in comparison with analyst estimates of $2.93 billion. Throughout the identical interval final 12 months, the enterprise posted $1.77 earnings per share. The agency’s quarterly income was up 25.2% on a year-over-year foundation. Analysts count on that Western Digital Company will publish 4.89 EPS for the present 12 months.
Western Digital Proclaims Dividend
The agency additionally just lately introduced a quarterly dividend, which shall be paid on Wednesday, March 18th. Stockholders of file on Thursday, March fifth shall be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, March fifth. Western Digital’s payout ratio is presently 5.02%.
Insider Shopping for and Promoting at Western Digital
In different information, Director Roxanne Oulman offered 1,800 shares of the agency’s inventory in a transaction dated Tuesday, November twenty fifth. The shares have been offered at a median value of $154.42, for a complete transaction of $277,956.00. Following the completion of the sale, the director owned 3,863 shares within the firm, valued at roughly $596,524.46. This commerce represents a 31.79% lower of their place. The transaction was disclosed in a submitting with the SEC, which will be accessed via this hyperlink. Additionally, CEO Irving Tan offered 20,000 shares of Western Digital inventory in a transaction that occurred on Monday, February 2nd. The inventory was offered at a median value of $255.44, for a complete worth of $5,108,800.00. Following the sale, the chief govt officer immediately owned 623,586 shares of the corporate’s inventory, valued at roughly $159,288,807.84. The commerce was a 3.11% lower of their possession of the inventory. The disclosure for this sale is obtainable within the SEC submitting. Insiders offered 70,522 shares of firm inventory price $17,661,708 within the final three months. 0.18% of the inventory is owned by insiders.
Analysts Set New Value Targets
A number of analysis analysts have just lately commented on WDC shares. Susquehanna restated a “impartial” ranking and set a $285.00 value goal on shares of Western Digital in a analysis be aware on Friday, February sixth. Wall Avenue Zen raised Western Digital from a “maintain” ranking to a “purchase” ranking in a report on Saturday, January thirty first. Truist Monetary set a $310.00 value goal on shares of Western Digital in a report on Tuesday, February third. The Goldman Sachs Group set a $250.00 goal value on shares of Western Digital in a analysis be aware on Tuesday, February third. Lastly, Argus set a $300.00 value goal on Western Digital in a analysis report on Tuesday, February third. One analysis analyst has rated the inventory with a Robust Purchase ranking, twenty have given a Purchase ranking and three have given a Maintain ranking to the corporate’s inventory. In line with MarketBeat.com, the corporate presently has a consensus ranking of “Average Purchase” and a consensus goal value of $265.58.
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About Western Digital
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Western Digital Company is a world information storage firm that designs, manufactures and sells a broad vary of storage gadgets and programs for private, enterprise and cloud functions. Headquartered in San Jose, California, the corporate develops onerous disk drives (HDDs), solid-state drives (SSDs), NAND flash parts and completed storage merchandise utilized in PCs, exterior storage, servers, network-attached storage (NAS) and embedded programs.
Its product portfolio spans client and industrial markets, together with inner and exterior HDDs and SSDs, detachable flash reminiscence merchandise and storage platforms for information middle and enterprise environments.
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